Standard Carbonated Soft Drink Market Growth and Forecast by 2028
In 2020, the global market for carbonated soft drinks was valued at USD 221.8 billion and is projected to experience a compound annual growth rate (CAGR) of 4.9% throughout the forecast period. Carbonated soft drinks are non-alcoholic aerated beverages made using plain water, high-fructose syrup, natural sweeteners, sugar substitutes, artificial flavors, coloring agents, and preservatives. They have a slightly acidic taste and a pleasant fizzy sensation. Manufacturers are continuously experimenting with various fruit flavors such as lemon, orange, and mango to enhance the taste and increase customer demand. Popular carbonated soft drink brands consumed globally include Coca Cola, Pepsi, Mountain Dew, Sprite, and Monster.
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Top Companies Operating in the Global Standard Carbonated Soft Drink Market Report:
The Coca Cola Co., PepsiCo, Parle Agro, Asia Brewery, Dr. Pepper Snapple, Britvic Soft Drinks, Bickford’s Australia, Asahi Soft Drinks, F&N Foods, Kirin Beverage, Lotte Chilsung Beverage, Frucor Beverages, Tru Blu Beverages, Suntory Beverage & Food, and National Beverage.
Driving Factors of Standard Carbonated Soft Drink Market:
The Standard Carbonated Soft Drink Market is driven by several factors that contribute to its growth and popularity. One of the key drivers is the convenience and accessibility of these drinks, which are widely available in supermarkets, convenience stores, and vending machines, making them a quick and easy option for quenching thirst or satisfying cravings. Additionally, the advertising and marketing strategies used by major brands in the industry play a significant role in driving demand for carbonated soft drinks. These strategies often target younger consumers and promote a fun and refreshing image associated with consuming these drinks.
Another factor driving the market is the continuous product innovation by manufacturers, such as introducing new flavors and packaging formats to cater to changing consumer preferences. The affordability of carbonated soft drinks also makes them a popular option, especially in emerging markets where disposable incomes are lower.
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The global Standard Carbonated Soft Drink Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
By Type (Revenue, USD Billion; 2018-2028)
- Standard
- Diet
- Fruit-flavored
- Others
By Product (Revenue, USD Billion; 2018-2028)
- Soft Drinks
- Sports & Energy Drinks
- Others
By Flavor (Revenue, USD Billion; 2018-2028)
- Cola
- Fruit-based
- Others
By Distribution Channel (Revenue, USD Billion; 2018-2028)
- Convenience Stores
- Hypermarkets & Supermarkets
- Transport Terminals
- Food Service Outlets
- Online Stores
- Direct-to-Consumer
- Others
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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