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

Global 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 convenience of today's consumers is evident, and as a result, many daily purchases are made of single grab-and-go items rather than the more traditional bulk purchases. This prompted the development of shelf-stable innovations and environmentally friendly packaging that uses less preservatives and chemicals and clean, renewable materials. To make something for everyone, the items are continuously enhanced and reinvented. Companies are becoming more focused on integrating natural, low-calorie, and low-sugar components in their products, such as stevia sweeteners instead of traditional or synthetic sweeteners, as customer health awareness grows.

To entice customers seeking convenience and healthier options, the packaging is adopting a more "natural" aesthetic. The demand from consumers for portable drink options is still growing. It has become clear in the ready-to-drink industry that adopting inventive and eye-catching packaging can help sell the beverage to customers who are pressed for time and are increasingly looking for items that fit their active lifestyles. The demand for ready-to-drink beverages is thus being driven by convenience trends. While consumers' likes and flavour preferences are taken into consideration when designing carbonated soft drinks, these products are also now being produced to be functional beverages for consumers who are health-conscious. Customers anticipate newly released soft drinks to be free of long-term health-damaging substances and actively promote physical and mental fitness through carefully chosen components. Low-sugar soft drinks and goods that reduce stress are probably still in high demand among consumers. This trend is projected to be driven by the increasing value placed on both physical and mental health.

The manufacturing of carbonated soft drinks has changed as a result of technological advancements. Due to their numerous distinctive advantages, carbonated soft drinks market players have been labelling and packaging beverages with laser technology rather than inkjet technology. The production line can be easily integrated, the process coding is quick, and the printing is permanent. Because laser technology eliminates the need for any ink during the entire process, the final product is less expensive. It is also becoming more convenient to sell carbonated soft drinks out of small shops and vending machines as a result of packaging innovations' longer shelf lives.

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