The Carbonated Soft Drinks Global Market Report 2023, provides comprehensive information on the carbonated soft drinks market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Carbonated Soft Drinks Global Market Report 2023, the market size is expected to grow from $127.28 billion in 2022 to $132.49 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global carbonated soft drinks market size is expected to reach $150.63 billion in 2027 at a CAGR of 3.3%.
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Product innovations are a key trend gaining popularity in the carbonated soft drinks market. Major companies operating in the carbonated soft drink industry are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2020, Sprecher Brewing Company, a US-based producer of hand-crafted beers and sodas, launched the first all-natural, zero-sugar craft sodas. The zero-sugar sodas maintain Sprecher’s handcrafted natural ingredient legacy and feature an exclusive monk fruit, stevia, and erythritol sweetener blend. To make Sprecher sodas even more convenient to drink on-the-go, Sprecher is the only craft beverage to offer this compact can option.
The carbonated soft drinks market is segmented:
1) By Product: Softdrinks, Carbonated Water, Sports and Energy drinks, Other Products
2) By Flavor: Cola, Citrus, Other Flavors
3) By Packaging: Bottles, Cans
4) By Distribution Channel: Hypermarkets, Supermarkets And Mass Merchandisers, Convenience Stores And Gas Stations, Food Service Outlets, Online Stores And D2C, Other Distribution Channels
North America was the largest region in the carbonated soft drinks market in 2022.
The table of contents in TBRC’s carbonated soft drinks market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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