Carbonated Soft Drinks Market Size, Share, Growth Analysis, By Flavour(Cola, Lemon, Lime, Orange), By Distribution Channel(Hypermarkets & Supermarkets, Online retail & D2C, Convenience stores, Others), By Region - Industry Forecast 2024-2031

North America dominated the carbonated soft drinks market. The region with the highest percentage of exceeding 25.0%. The youth market for carbonated soft drinks is anticipated to drive the regional industry in the near future in nations like Brazil, Argentina, and Venezuela. Market participants for carbonated soft drinks are projected to have a strong presence among HNWIs in the years to come. The market players are being encouraged to develop goods that are in line with the consumption requirements of both the elderly and the children who live in this region by the rising consumer propensity toward these products.

Asia Pacific held the second largest market share. In terms of flavour, Cola is one of the most consumed beverages in Asia. Combinations of carbonated and dairy drinks are becoming more and more popular. The market expansion in such regions is also being fueled by rising disposable income in developing countries, particularly in the Asia Pacific region: However, the obesity epidemic hurt the market as a whole, which prompted the development of various drinks free of harmful additives.

In terms of expansion in the global market for carbonated soft drinks, the forecast period is in favour of the European market. Due to shifting dietary preferences and the early adoption of carbonated soft drinks, nations like Germany, France, and the UK are leading in Europe. Middle East and Africa is expected to be the fastest-growing regional market. Growing disposable income, rapid urbanisation, the expansion of the banking sector, and the introduction of innovative products in nations like Kenya and Nigeria are anticipated to continue to be supportive drivers for the industry's expansion.