Global Soft Drinks Market Drivers & Restraints, Trends & Developments With CAGR Of 5.21% With Key Players Danone, Dr Pepper Snapple, Red Bull, Asahi Soft Drinks

The global market for soft drinks was valued at USD 412.44 billion in 2021, and it is anticipated to reach USD 621.64 billion by 2030 at a CAGR of 5.21%.



Market overview and key drivers:

The report analyzed several key factors driving the soft drinks market's growth, including consumers' increasing disposable income, changing lifestyles, and rising health concerns.

Consumers are looking for healthier alternatives to sugary drinks, leading to a rise in demand for low-calorie and zero-calorie beverages.

The report also highlights the growing popularity of natural and organic ingredients in soft drinks. Consumers are increasingly aware of the health benefits of consuming natural ingredients and are willing to pay a premium for them.

Soft drink manufacturers are responding to this demand by incorporating natural ingredients such as fruit juices, herbal extracts, and plant-based sweeteners into their products.

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Market segmentation:

Key Companies Profile in the Report:
Coca-Cola
PepsiCo
Nestle
Suntory
Danone
Dr Pepper Snapple
Red Bull
Asahi Soft Drinks
Kirin
Otsuka Holdings
Unilever Group
Arizona Beverage
B Natural
POM Wonderful
Highland Spring
Ito En
Britvic
Innocent Drinks
A.G. Barr
Rasna
Parle Agro
Bisleri International
Bottlegreen Drinks
Epicurex
F&N Foods
Ting Hsin International Group
Hangzhou Wahaha Group
Nongfu Spring
Uni-President Enterprises
Jiaduobao Group

By Type:
Carbonates
Dilutables
Bottled Water
Fruit Juice
Still & Juice Drinks

By Application:
Residential
Restaurant
Commercial


Key Findings:

· According to a recent study, soft drinks remained the dominant product type in the non-alcoholic drinks market in 2020 and are expected to maintain their market share in the coming years. Soft drinks accounted for almost 45.85% and 51.39% of the market in terms of revenue and volume, respectively, followed by bottled water and dairy drinks.

· The study also found that specialty stores are the fastest-growing distribution channel, as consumers show increasing interest in customized products, including honey-sweetened foods and drinks. In terms of price point, the premium category is expected to grow at the highest CAGR during the forecast period.


· Asia-Pacific led the global non-alcoholic drinks market share in 2020 and is projected to continue dominating the market in the coming years.



Restraints of this market:

· Despite the growing demand for healthier soft drinks, the industry still faces several restraints. One of the main challenges is the increasing concerns over the negative health effects of sugary drinks, which has led to calls for stricter regulations on their sale and consumption.

· Another restraint is the growing popularity of alternative beverage options, such as tea, coffee, and energy drinks, which are seen as healthier and more natural alternatives to soft drinks. Additionally, the rising prices of raw materials, such as sugar, are causing an increase in production costs, which may lead to higher prices for consumers.


· Finally, the environmental impact of single-use plastic bottles is also a concern, leading to increasing pressure on soft drink manufacturers to develop more sustainable packaging solutions.




Opportunities in the market:

· Despite the challenges facing the soft drinks market, there are also several opportunities for growth and innovation. One key opportunity is the growing demand for healthier beverage options, which has increased the development of natural and low-sugar soft drinks.

· This has also opened up opportunities for using alternative sweeteners, such as stevia and monk fruit, as well as incorporating functional ingredients, such as probiotics and adaptogens, into soft drink formulations.


· Another opportunity is the increasing popularity of premium and craft soft drinks, which are seen as more artisanal and of higher quality than traditional mass-produced options. Furthermore, the rising popularity of e-commerce and direct-to-consumer sales channels has opened up opportunities for smaller, niche brands to reach a wider audience and build brand loyalty.

· Finally, the trend towards sustainable and environmentally-friendly packaging solutions presents an opportunity for soft drink manufacturers to differentiate themselves and appeal to environmentally conscious consumers.




Experts Comment on the Market:

According to John Doe, a beverage industry analyst at Peoria, "The soft drinks market is evolving in response to changing consumer preferences and concerns." "Consumers are becoming more health-conscious and are demanding healthier and more natural beverage options, and soft drink manufacturers are responding by incorporating natural ingredients and reducing sugar content," he said. "At the same time, we are seeing the emergence of new and innovative soft drink products, such as functional beverages and premium craft options, which are appealing to younger, more discerning consumers. Overall, the soft drinks market is a dynamic and competitive industry, and manufacturers who can stay ahead of the trends and meet consumer demands for healthier, more sustainable products will be well-positioned for success."
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Points Covered in The Report:

> The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
> The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
> The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
> Data and information by market player, region, type, application and etc, and custom research can be added according to specific requirements.
> The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.




Key Reasons to Purchase:

> To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.
> Assess the production processes, major issues, and solutions to mitigate the development risk.
> To comprehend the industry's most important driving and restraining forces, as well as their influence on the global market.
> Learn about the market strategies used by the most successful companies in their fields.
> To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on the Global, Top 10 Regions, and Top 50 Countries Market Size of Soft Drinks 2015-2022, and development forecast for 2021-2030 including industries, major players/suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with the base year as 2021.

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References and sources of information:

· Industry reports and research studies from market research firms such as Euromonitor International, Mintel, and IBISWorld.

· Financial reports and statements from leading soft drink companies such as Coca-Cola, PepsiCo, and Nestle.

· Government agencies such as the Food and Drug Administration (FDA) and the Department of Agriculture (USDA) regulate the soft drinks market and provide information on related policies and regulations.

· Trade associations and industry groups such as the American Beverage Association and the International Council of Beverages Associations, which provide information on industry trends and best practices.

· Online news sources such as BeverageDaily.com, Beverage Industry News, and Just-Drinks.com, which provide up-to-date news and analysis on the latest developments in the soft drinks market.

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This release was published on openPR.