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Carbonated Soft Drinks Market 2024 - By Trends, Share Analysis, Growth Factors, Industry Consumption And Global Forecast 2033
Carbonated Soft Drinks Market
Carbonated Soft Drinks Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $137.23 billion In 2028 At A CAGR Of 2.9%.
The carbonated soft drinks market size has grown steadily in recent years. It will grow from $118.64 billion in 2023 to $122.37 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to consumer demand for convenience, globalization of beverage brands, marketing and branding strategies, lifestyle and on-the-go culture, affordability and accessibility, flavor innovation and variety.
The carbonated soft drinks market size is expected to see steady growth in the next few years. It will grow to $137.23 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to innovation in low-calorie and functional drinks, sustainability initiatives, rise of craft and artisanal beverages, regulatory measures and sugar taxes, health and wellness trends. Major trends in the forecast period include digital marketing and e-commerce, expansion of flavored and functional beverages, growing interest in premium and artisanal soft drinks, sustainability and eco-friendly packaging practices, rise of premium mixers for cocktails.
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Carbonated Soft Drinks Market Major Segments
The carbonated soft drinks market covered in this report is segmented -
1) By Product: Softdrinks, Carbonated Water, Sports and Energy drinks, Other Products
2) By Flavor: Cola, Citrus, Other Flavors
3) By Packaging: Bottles, Cans
4) By Distribution Channel: Hypermarkets, Supermarkets And Mass Merchandisers, Convenience Stores And Gas Stations, Food Service Outlets, Online Stores And D2C, Other Distribution Channels
Key Driver - Surge In Recreational Activities To Propel Carbonated Soft Drinks Market
A rise in recreational activities is expected to propel the growth of the carbonated soft drinks market going forward. Recreational activities are enjoyable, psychologically or physically stimulating activities that individuals usually plan to undertake in their spare time. Carbonated drinks are utilized during recreational activities to keep people hydrated throughout the day. It also experiments with additives to meet consumers' need for a mental boost. For instance, in October 2021, US Bureau of Labor Statistics, a US-based government agency, time spent on leisure and sports activities increased by 32 minutes per day. Therefore, a rise in recreational activities will drive the carbonated soft drinks market.
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Prominent Trend - Zero-Sugar Craft Sodas Crafting Refreshing Innovation In The Market
Product innovations are a key trend gaining popularity in the carbonated soft drinks market. Major companies operating in the carbonated soft drink industry are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2020, Sprecher Brewing Company, a US-based producer of hand-crafted beers and sodas, launched the first all-natural, zero-sugar craft sodas. The zero-sugar sodas maintain Sprecher's handcrafted natural ingredient legacy and feature an exclusive monk fruit, stevia, and erythritol sweetener blend. To make Sprecher sodas even more convenient to drink on-the-go, Sprecher is the only craft beverage to offer this compact can option.
Carbonated Soft Drinks Market Players
Major companies operating in the carbonated soft drinks market report are PepsiCo Inc., Keurig Dr Pepper Inc., Monster Energy Company, National Beverage Corporation, Jones Soda Co., Refresco Group B.V., Suntory Beverage & Food Limited, Postobon S.A., Parle Agro Private Limited, Britvic Soft Drinks Limited, Asahi Soft Drinks Co.Ltd., The Kraft Heinz Co., Ektam Machinery Co., Q-BEV Sp. z o.o., The Coca-Cola Company, Cheerwine, Crush International, ANADOLU GRUBU A.S., Danone S.A., Cott Corporation, Royal Crown Cola International, Canada Dry, Vernors, SODASTREAM INTERNATIONAL LTD., Schweppes International Limited, Faygo Beverages Inc., Big Red Inc., Nestlé S.A., Molson Coors Beverage Company, Heineken N.V. .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the carbonated soft drinks market in 2023. The regions covered in the carbonated soft drinks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Carbonated Soft Drinks Market Report Structure
3. Carbonated Soft Drinks Market Trends And Strategies
4. Carbonated Soft Drinks Market - Macro Economic Scenario
5. Carbonated Soft Drinks Market Size And Growth
…..
27. Carbonated Soft Drinks Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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