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Soft Drink Market is anticipated to reach USD 303.4 billion in 2028, growing at a CAGR of 4.2% during forecast period | Size, Share & Report Forecast
Soft Drink Market
The Soft Drink Market was estimated around USD 18.3 billion in 2020 and is expected to reach USD 303.4 billion in 2028, growing at a CAGR of 4.2% over the forecast period.
For More Info, Click to Access Complete Report - https://www.gmiresearch.com/report/global-soft-drink-market-by-product/
The factors driving the growth of Soft Drink Market includes rising demand for sprots and energy drinks, growing popularity of Ready-To-Drink (RTD), and diet beverages, increase in the number of fast-food restaurants and hotels and improvements in the living standards. According to the report published by Statista, the Global Energy & Sports Drinks Market is expected to reach USD 166.30 billion by the end of 2022, growing at a CAGR of 7.97% over the forecast period (2022-2026), which will accelerate the Global Soft Drink Market in the approaching years. Moreover, increasing availability of soft drink items at supermarkets and online stores, rise in the launch of innovative products, growing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Soft Drink Market Growth. In addition, the increasing investments by leading players on research and development, strategic mergers, and acquisitions between key companies, rising disposable incomes, expansion of the ecommerce sector and growing population growth rates are further propelling the Soft Drink Market size.
However, growth of the Soft Drink Market is hindered due to strict regulations imposed by Governments on the manufacturing of soft drinks.
The prominent players operating in the market are Attitude Drinks Inc., Parle Agro Private Limited, DydoDrinco, The Coca-Cola Company, PepsiCo, Inc., Danone S.A., Acqua Minerale San Benedetto S.p.A., and Dr. Pepper Snapple Group Inc, Nestle Waters and Red Bull GmbH, among others.
Based on Product Type, the Carbonated Soft Drinks segment is predicted to capture the largest market share during the forecast period
Growing demand for ready-to drink products and increasingly availability of carbonated soft drinks at retail outlets, are pushing segment's growth.
Based on Distribution Channel, the Supermarkets segment is projected to grow at a significant CAGR over the forecast period
As per the Soft Drink Market Research, supermarket offer wide variety of flavors of soft drinks in different sizes and provides attractive discount options to their regular customers, are some of the factors responsible for the segment's growth.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
Growing demand for organic beverages, easy availability of soft drink products at retail outlets, rising population growth rates and high per capita incomes, are some of the important factors augmenting the Soft Drink Market share in North American region.
Key Developments
In April 2019, The Coca-Cola Company introduced ready-to-drink Costa product, which is chilled and canned brewed coffee. Costa Coffee RTD has launched in three variants, such as Classic Latte, Caramel Latte, and Black Americano
In February 2019, Nestle Waters (Pierre brand name) introduced a range of carbonated mineral water mixed with fruit juices, sugar, and other natural flavors. Perrier & Juice drinks are available in three flavors such as strawberry and kiwi; peach and cherry; and pineapple and mango.
In September 2018, PepsiCo introduced Pepsi Black in the mainstream of carbonated beverages, which contains less sugar as compared to regular Pepsi.
Market Segmentation
Segmentation by Product
Carbonated Soft Drinks
Bottled Water
Juices and Juice Concentrate
Ready to Drink Tea and Coffee
Functionals Drinks
Segmentation by Packaging
Plastic
Glass
Paperboard
Metal
Segmentation by Distribution Channel
Supermarkets
Hypermarkets
Convenience Stores
Online Stores
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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