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Carbonated Soft Drinks Market Forecast: Analyzing Market Share, Key Trends, and Demand Forecast in a Competitive $137.23 Billion Industry
Carbonated Soft Drinks Market
As per the report, 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 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%.
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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.
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.
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
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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. .
Contents of the report:
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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