Soft Drinks Market Report 2024 | Trends, Opportunities, Growth and Forecast by 2032

IMARC Group's report titled "𝐒𝐨𝐟𝐭 𝐃𝐫𝐢𝐧𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 (𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞𝐝, 𝐍𝐨𝐧-𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞𝐝), 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 (𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬, 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 𝐒𝐭𝐨𝐫𝐞, 𝐎𝐧𝐥𝐢𝐧𝐞, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐" The global soft drinks market size reached US$ 604.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 872.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.18% during 2024-2032.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/soft-drinks-market/requestsample

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐨𝐟𝐭 𝐃𝐫𝐢𝐧𝐤𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬:

The evolving consumer preferences, driven by a growing awareness of health and wellness, are impelling the growth of the market. As more consumers prioritize healthier lifestyles, there is a shift towards beverages with reduced sugar content, natural ingredients, and functional benefits. Health-conscious consumers are opting for alternatives, such as low-calorie and sugar-free options, facilitating innovation in the industry. Manufacturers are responding by introducing new formulations, emphasizing natural flavors, and incorporating functional ingredients like vitamins and antioxidants. The demand for premium and niche products, such as craft sodas and organic beverages, reflects a desire for unique and healthier choices.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠:

The increasing transformation in packaging and marketing strategies is contributing to the market growth. Sustainable packaging solutions, such as recyclable materials and eco-friendly packaging, are gaining prominence as environmental consciousness is growing among the masses. Additionally, the advent of digital marketing and social media platforms is providing companies with new avenues to connect with consumers. Interactive and engaging marketing campaigns, coupled with personalized and targeted advertising, are contributing to brand visibility and loyalty. Creative packaging designs and formats are also playing a crucial role in attracting consumers, especially as convenience and on-the-go consumption continue to be significant trends shaping the market.

𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐅𝐥𝐚𝐯𝐨𝐫𝐬 𝐚𝐧𝐝 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬:

The rising demand for diverse and exotic flavors, as well as unique and unexpected ingredient combinations is supporting the market growth. Consumers are seeking novel taste experiences, leading to an influx of beverages featuring botanicals, herbs, and exotic fruits. This trend is partly driven by a desire for variety and adventure in beverage choices. Manufacturers are responding by introducing limited-edition flavors, seasonal releases, and collaborations with other brands or celebrities to differentiate their products. The exploration of new taste profiles not only attracts adventurous consumers but also caters to niche markets, allowing companies to capture a broader consumer base and maintain relevance in a competitive landscape.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐟𝐭 𝐃𝐫𝐢𝐧𝐤𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Arizona Beverage Company
Asahi Group Holdings Ltd.
Keurig Dr Pepper Inc.
National Beverage Corp.
Nestlé S.A.
Pepsico Inc.
Purity Soft Drinks Ltd.
Red Bull GmbH
Refresco Group BV
The Coca-Cola Company

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐭𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.imarcgroup.com/soft-drinks-market

𝐒𝐨𝐟𝐭 𝐃𝐫𝐢𝐧𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:

Carbonated
Non-Carbonated

Carbonated represents the largest segment as it is widely consumed as a refreshing beverage among the masses.

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

Hypermarkets and Supermarkets
Convenience Store
Online
Others

Hypermarkets and supermarkets account for the majority of the market share due to their extensive stocks of soft drinks.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

North America's dominance in the soft drinks market is attributed to the rising utilization of soft drinks in the preparations of mocktails and cocktails in various pubs, bars, and restaurants.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐟𝐭 𝐃𝐫𝐢𝐧𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rising awareness about health and wellness is bolstering the market growth. Consumers are becoming more conscious of the impact of their beverage choices on their overall well-being. This is leading to a demand for functional beverages, such as those enriched with vitamins, minerals, and natural extracts. Furthermore, the rising awareness of the adverse effects of excessive sugar consumption has prompted the development of low-sugar, natural sweetener alternatives and beverages fortified with nutritional elements. Companies are capitalizing on this trend by promoting healthier formulations and positioning their products as lifestyle choices that align with wellness goals.

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.