Press release
Global Carbonated Soft Drinks Market to Reach $350.76 Billion by 2030, Expanding at 4.7% CAGR - Innovation and Health Trends Shape Industry
Carbonated Soft Drinks Market
According to a report from Maximize Market Research, the global carbonated soft drinks market was valued at USD 254.32 Billion in 2023 and is projected to reach USD 350.76 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030. North America holds the largest market share, primarily driven by leading brands and evolving consumer preferences.
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◉ Key Highlights:
Market size will climb from USD 254.32 Billion in 2023 to USD 350.76 Billion by 2030 at a 4.7% CAGR.
Cola flavor segment dominates globally, while citrus flavors grow at 4.9% CAGR.
North America, particularly the United States, accounts for a 32.7% market share in 2023; Asia Pacific is set for rapid growth.
Growing demand for low-calorie, sugar-free, and functional beverages is a major trend.
Top companies include PepsiCo, The Coca-Cola Company, National Beverage Corp., Jones Soda Co., Reeds Inc., and Asahi Group.
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◉ Market Outlook
The carbonated soft drinks market is buoyed by flavor innovation, evolving health consciousness, and expansion of convenient purchase channels. Leading brands now offer low-calorie, zero-sugar, and functional drinks alongside traditional product lines. Shelf-stable packaging continues to win favor, with bottles outpacing cans in popularity. Health-driven regulatory actions, such as sugar taxes, drive manufacturers towards new formulations and reduced sugar content.
◉ Regional Insights
North America leads global consumption, with the US home to some of the world's largest beverage companies and a strong culture of flavor innovation and seasonal releases. Asia Pacific emerges as the fastest-growing region, supported by urbanization, rising incomes, and the shift towards healthier options; brands are actively targeting these markets with new flavors and reduced-sugar products. Europe, Latin America, and Middle East & Africa also represent significant growth potential.
◉ Key Players
Major players include PepsiCo, The Coca-Cola Company, National Beverage Corp., Reeds Inc., Jones Soda Co., Appalachian Brewing Company, Asahi Group, Bickford's Australia Pvt. Ltd, Britvic Soft Drinks Limited, and Suntory Holdings Ltd. These companies compete via global presence, product innovation, diversified channels, and marketing initiatives.
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-carbonated-soft-drinks-market/117909/
◉Analyst Quote
"The global carbonated soft drinks market is transforming as brands respond to health-conscious consumers with innovative flavors and low-calorie options while expanding their reach through modern retail and online channels," said a Maximize Market Research analyst.
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◉About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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