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Soft Drink And Ice Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Soft Drink And Ice Market Growth
The Business Research Company offers in-depth market insights through Soft Drink And Ice Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The soft drink and ice market size has grown strongly in recent years. It will grow from $446.2 billion in 2023 to $471.23 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to consumer demand for refreshing beverages, carbonated soft drinks (csds), convenience stores and vending machines, mass marketing and advertising, consumer perception of sugar content.
The soft drink and ice market size is expected to see strong growth in the next few years. It will grow to $573.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to health-conscious consumer preferences, natural and organic ingredients, sustainability and eco-friendly packaging, flavored and functional beverages, e-commerce and home delivery. Major trends in the forecast period include craft and artisanal soft drinks, alcoholic soft drinks, non-alcoholic cocktails, iced coffee and tea innovations, soda fountain and beverage stations.
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Market Segmentation:
The main types of soft drinks and ice are soft drinks and ice. A soft drink is a non-alcoholic beverage made up of water (typically carbonated), a sweetener, and natural or artificial flavorings. The different categories include mass, premium, and distributed through various channels such as off-trade channels and on-trade channels.
Major Driver - Growing Demand In The Soft Drink Due To Surge In Population
The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to the American Society of Nutrition, the consumption of sugar-sweetened beverages was highest in Mexico. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products due to the rising population during the forecast period.
Competitive Landscape:
Major companies operating in the soft drink and ice market include PepsiCo Inc., The Coca-Cola Company, Coca-Cola European Partners plc, Fomento Económico Mexicano, S.A.B. de C.V., Red Bull GmbH, Nestle S.A., Keurig Dr Pepper Inc., Asahi Group Holdings Ltd., Danone S.A., Suntory Holdings Limited, Hamoud Boualem, National Beverage Corp., Seaman's Beverages, Hawaiian Punch, Hires Root Beer, IBC Root Beer, Orangina, RC Cola, Ricqlès, Jones Soda, Keurig Dr Pepper, Niagara Bottling LLC, Novamex, Pascual Boing, Primo Water Corporation, Reed's, A.G. Barr plc, Drinko, Murree Brewery, Bickford's Australia Pty. Ltd.
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Top Trend - Innovative Packaging For Softdrinks
To establish brand image and differentiation, bottled water manufacturers are introducing novel packaging. Novelty packaging may include re-sealable and recyclable packaging material, transparent sophisticated bottles, inks, and coatings applied to cans to enhance shelf appeal. For instance, British entrepreneurs launched Cano, a re-sealable and recyclable aluminum water that can aim at controlling pollution from plastic water bottles. Also, the Paper Water Bottle Company launched the Paper Water Bottle Eco-1, a compostable water bottle made of moulded fiber.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Soft Drink And Ice Market Characteristics
3. Soft Drink And Ice Market Trends And Strategies
4. Soft Drink And Ice Market - Macro Economic Scenario
5. Soft Drink And Ice Market Size And Growth
…..
27. Soft Drink And Ice Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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