Global Carbonated Soft Drinks Market

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

Report ID: SQMIG30G2023 | Region: Global | Published Date: April, 2024
Pages: 260 | Tables: 65 | Figures: 75

Carbonated Soft Drinks Market News

  • In August 2022, PepsiCo, Inc. announced it has entered into a strategic agreement with premium Romanian spring water AQUA Carpatica under which PepsiCo will own a 20 percent equity stake in AQUA Carpatica. Under the agreement, PepsiCo will have rights to distribute the spring water in Romania and in Poland with opportunities to expand into other markets, including the United States.
  • In Feb 2022, Dutch soft drink bottling giant Refresco has been acquired by US investment firm KKR.
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Carbonated Soft Drinks Market size was valued at USD 416.91 billion in 2019 and is poised to grow from USD 432.6 billion in 2023 to USD 605.8 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

The carbonated soft drinks market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Coca-Cola', 'PepsiCo', 'Nestlé', 'Dr Pepper Snapple Group', 'Red Bull GmbH', 'Monster Beverage Corporation', 'Keurig Dr Pepper Inc.', 'Danone SA', 'Kirin Holdings Company Limited', 'Suntory Holdings Limited', 'Unilever N.V.', 'The Kraft Heinz Company', 'National Beverage Corp.', 'Britvic PLC', 'Refresco Group', 'Ajegroup S.A.', 'Cott Corporation', 'Fomento Economico Mexicano S.A.B de C.V.', 'Asahi Group Holdings Ltd.', 'Pepsi Bottling Ventures LLC.'

By choosing natural methods, the manufacturers of carbonated soft drinks are making a wise decision. This effort aims to attract clients who are looking for a practical choice while also wanting to choose healthier solutions. The market's ease accessibility to these beverages is enabling them to live up to the moniker of "on-the-go drinks" and shows no indications of slowing down. Due to its capacity to target consumer demands and desire to consume such goods as a part of the market, the ready-to-drink sector is presently enjoying more prominence.

Carbonated soft drinks market is home to a number of technological developments that are having a significant impact on how these drinks are produced. For the labelling and packaging of beverages, producers and manufacturers have been using cutting-edge laser technology, which is taking the place of inkjet technology. This has the effect of providing special advantages to the products and their sales during the time. The producers can choose a better connection with the production lanes for the items because the processing codes are quick and permanent printing is available. As a result, the ultimate price of the goods is lower and more in line with what the target market can afford.

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.

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Global Carbonated Soft Drinks Market

Report ID: SQMIG30G2023

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