Carbonated Beverages Market Size, Share, Growth Analysis, By Product(Soft Drinks, Sports & Energy Drinks), By Flavor(Cola, Fruit-Based, Others), By Distribution Channel(Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Stores), By Region - Industry Forecast 2024-2031

Carbonated Beverages Market size was valued at USD 422.7 billion in 2019 and is poised to grow from USD 439.3 billion in 2023 to USD 674.8 billion by 2031, growing at a CAGR of 3.8% in the forecast period (2024-2031).

Carbon dioxide is added to a liquid to create carbonated drinks. Soft drink is the most popular kind of carbonated beverage. Additionally, carbonated drinks including water, juice, and energy drinks are often consumed. Some wine producers add carbon dioxide to their goods to make them bubbly and sparkling.

The strong popularity of soda drinks among generation X and generation Y consumers is anticipated to be a key factor in the market's growth. These beverages are more popular with consumers because they have an acidic bite, a pleasant tingling feeling, and a cooling effect with each sip. In addition to this, the product contains fruit tastes, which help customers accept such items. Clean water, flavouring ingredients to create the taste profile, sugar or other sweeteners, coloring agents, and preservatives that are meant to be included are all used in the production of carbonated beverages. With the introduction of glass bottles, cans, plastic bottles, high-speed packaging lines, and developing packaging methods, technology has undoubtedly contributed to the rise in consumption of carbonated beverages. For example, in contrast to developed countries like the US, where the per-capita consumption is 1,496 bottles, India's consumption of soft drinks in 2019 was 44 bottles. 1,489 bottles were consumed in Mexico, 1,221 in Germany, and 537 in emerging countries like Brazil. With consumption anticipated to nearly quadruple to 84 bottles by 2031, this under-penetration is likely to be corrected.

US Carbonated Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.