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Soft Drinks Market Growth Driven by Changing Lifestyle and Emerging Health Trends, Expected to Reach $598.26 billion by 2029 at a CAGR of 5.0%
Soft Drinks Market Size
What Is The Projected Market Size Of The Global Soft Drinks Market And Its Growth Rate?
• The soft drinks market was $465.36 billion in size in 2024.
• The market is projected to grow to $491.36 billion in 2025, growing at a 5.6% CAGR. This growth can be attributed to the popularity of carbonated soft drinks, convenience-driven lifestyle, and flavor innovations.
• The market is expected to reach $598.26 billion by 2029, at a CAGR of 5.0%. This forecasted growth is driven by health and wellness trends, sustainability practices, premiumization, and craft soft drinks.
What Is Driving The Growth In The Soft Drinks Market?
The rise in demand for food and beverages is expected to propel the growth of the soft drink market. The food and beverage sector encompasses all organizations that process, package, and distribute raw food products. The expansion of the food and beverage sector, driven by the consumer preference for beverages with different flavors and healthier options, boosts the growth of the soft drinks market. For example, in 2022, according to FoodDrinkEurope, the EU food and drink industry's turnover was €1,121 billion ($1185.74 billion), up from €1,093 billion ($1157 billion) in 2021. This suggests a direct linkage between the rise in demand for food and beverages and the growth of the soft drink market.
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Who Are the Key Players Driving Soft Drinks Market Growth?
• Pepsico. Inc.
• The Coca-Cola Company
• Keurig Dr Pepper Inc.
• Red Bull GmbH
• Monster Energy Company
• Asahi Group Holdings Ltd.
• Kirin Brewery Company Limited
• National Beverage Corp.
What Are The Key Trends In The Soft Drinks Market?
• Low/no-calorie and sugar-free options
• Premium and craft soft drinks
• Sustainable packaging and practices
• Diversification of flavors and ingredients
• Alternative and sustainable sweeteners
What Are The Segments Of The Global Soft Drinks Market?
• By Product: Carbonated Soft Drinks, Juices And juice concentrates, Bottled Water, Ready-To-Drink (RTD) Tea And Coffee, Other Products
• By Flavors: Cola, Citrus, Other Flavors
• By Distribution Channel: Offline, Online
• By Application: Super market, Convenience Store, Online Stores, Other Applications
Which Region Leads The Soft Drinks Market?
North America was the largest region in the soft drinks market in 2024. Other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa are also significant contributors to the global soft drinks market.
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What Is Covered In The Soft Drinks Market Global Market Report?
- Market Size Analysis: Analyze the Soft Drinks Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Soft Drinks Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Soft Drinks Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Soft Drinks Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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