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Global Carbonated Beverage Market Forecast till 2023 | Statistical Analysis and Major Industry Players

02-18-2020 09:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Aarkstore Enterprise

/ PR Agency: Aarkstore
Global Carbonated Beverage Market-aarkstore enterprise

Global Carbonated Beverage Market-aarkstore enterprise

Aarkstore Enterprise announced the Latest Trending Market Research Report Titled "Global Carbonated Beverage Market (2018-2023)" under the Consumer Goods Category. The market is expected to reach a value of approximately USD 412.5 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 2.8% during the 2018-2023 period.

The growth of the carbonated beverages market is expected to be moderate, since the industry has matured in most of the regions across the world. The market is expected to reach a value of approximately USD 412.5 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 2.8% during the 2018-2023 period.

To Get a Free Report Sample, Kindly Contact Us On: contact@aarkstore.com

Type segment insights:

Type-wise, the standard category of sodas is the carbonated soft drink flavor, which has the biggest market share. However, with increasing awareness about the harmful effects of high sugar intake, consumers have started to decrease their soda consumption and shifted to diet and lower calorie variants of the same. Therefore, the share of diet carbonated drinks is expected to witness significant growth during the forecasted period. Fruit-flavored carbonated drinks are also very popular, with continued demand for flavors like lime-lemon and orange as refreshing drinks.

Sales channel segment insights:

Among the various sales channels for carbonated soft drinks, the hypermarkets, supermarkets, and general merchandisers segment dominated the market with a 40% share in 2018. However, it is expected to lose some ground to channels like food service and drinking establishments, convenience stores and gas stations, as well as online grocery shopping portals. The rising demand for high value, naturally-made soft drinks in exotic flavors, is expected to drive the inclusion of such premium drinks in the menus of restaurants across the world.

Regional insights:

North America is leading the way with regard to health consciousness, with many soft drink manufacturers participating in aggressive innovation in the low-sugar and no-calorie segment of the carbonated beverages market. Europe held approximately 34% of the global market in 2018, followed by the North American region with a 28% share. In the North American and European regions, the sale of carbonated beverages has experienced slower growth. Nonetheless, sales values have increased, especially in Europe, owing to the increased sale of premium and high-value products. Asia-Pacific, experiencing high urbanization, is anticipated to expand at the highest CAGR (5.8%) during the forecasted period. The Latin America, and the Middle East and Africa markets too are poised for growth.

Companies covered:

The Coca-Cola Company
PepsiCo Inc.
Dr Pepper Snapple
Cott Corporation
Asahi Soft Drinks
National Beverage Corp.
F&N Foods
Britvic PLC
Parle Agro

View Full Market Research Reports on Market: https://www.aarkstore.com/consumer-goods/1074937/global-carbonated-beverage-market-2018-2023

Contact Us:

Aarkstore Enterprise
+91 9987295242 | contact@aarkstore.com | www.aarkstore.com

Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide. As market research report resellers, we at Aarkstore, partner with established publishers for both; syndicated data and customized reports. The market research data supplied by us is up-to-date and reliable for current day industry analysis and future market forecasts equally.

Avail Market Research Reports from us and gathers critical information about customer preferences, market requirements, key drivers and challenges for your business to align your strategies with them. The comprehensive overview of the market provided will allow you to make insight-driven decisions giving you an upper hand in the competitive landscape.

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