Carbonated Soft Drinks Market: Global Industry Analysis by Size, Share, Growth, Forecast to 2030
Market Highlights
Carbonated Soft Drinks are processed beverages packed into
airtight containers such as bottles and cans. Carbonated soft drinks are widely
available to customers as retailers are increasing shelf space for these
products. The market for carbonated soft drinks is fragmented due to the
presence of several small- and large-scale players. These players are focusing
on product development as a key strategy to cater to the changing needs of
consumers. For instance, market players are launching low-calorie carbonated
soft drinks to meet the growing demand from health-conscious consumers. The
Global Carbonated Soft Drinks Market is Expected to Reach USD 605.80 billion by
2030 at a CAGR of 4.3% During the Forecast Period.
The global Carbonated
Soft Drinks Market has been segmented on the basis of
flavor, packaging type, and distribution channel.
Based on flavor, the global carbonated soft drinks market has been
divided into cola, lemon and lime, orange, and others. The cola segment is
expected to garner the highest revenue share during the forecast period.
Consumer preference for cola-flavored carbonated soft drinks is driving the
growth of the segment. Cola-flavored drinks have a balanced taste, with equal
measures of sweet, salt, bitter, and savory along with alkaline and acidic
sensations.
On the basis of packaging type, the global carbonated soft drinks
market has been classified as bottles and cans. The bottles segment is
anticipated to gain the larger revenue share during the review period. Several
market players provide carbonated soft drinks in different sizes of bottles for
ease of consumption and storage. Moreover, market players are constantly
introducing a variety of bottles and cans with innovative styles and colors to
attract more customers.
The global carbonated soft drinks market has been segregated, by
distribution channel, into store-based and non-store-based. The
store-based segment has further been divided into hypermarkets and
supermarkets, convenience stores, and others. The store-based segment is
expected to hold the larger share of the global carbonated soft drinks market
due to the high availability of carbonated soft drinks in retail stores.
However, the non-store-based segment is expected to register a higher growth
rate during the forecast period.
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Key Players
Some of the key players in the global carbonated soft drinks
market are PepsiCo Inc. Keurig Dr. Pepper Inc.,, Jones Soda Co., The Coca-Cola
Company, Danone S.A., Appalachian Brewing Company, Ltd., Refresco Group, Postobon S.A., Konami Holdings
Corp., NSI International Inc.
Regional Analysis
The global carbonated soft drinks market has been segmented, on
the basis of region, into North America, Europe, Asia-Pacific, and the rest of
the world.
North America is expected to lead the global carbonated soft
drinks market owing to the high consumer preference in the region.
The Asia-Pacific carbonated soft drinks market is expected to grow
at a rapid pace owing to the surging consumption in the region and changing
eating habits leading to consumers preferring ready-to-drink products.
Some of the growth strategies adopted by the players operating in
the market were innovations, product launches, expansions, and mergers.
Key Developments
- In
April 2019, PepsiCo, Inc. launched products with three new flavors made
with real fruit juice—Pepsi Berry, Pepsi Lime, and Pepsi Mango—as part of
its cola line.
- In
August 2018, The Coca-Cola Company launched Coco-Cola Orange with No
Sugar. The launch was a limited edition for the Australian market in
winter.
Fruit Vinegar Market Research Report
Information- by Source (Berries, Citrus Fruits, Drupes, Melons, Pomes, Tropical
Fruits), by Form (Liquid & Gel), by Application (Food, Beverages, Cosmetic
& Personal Care and others), by Distribution Channel (Store Based & Non
Store Based) and Region -Forecast to 2030
Flavor Market Research Report
Information By Product Type (Natural, Synthetic), By Application (Food,
Beverages, Tobacco, Cosmetic & personal care, Pharmaceuticals), By Country
(India, Nepal, Sri Lanka, Bangladesh), and By Region (North America, Europe,
Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
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Various Industry Verticals and wherever required we will be considering Covid19
Footprints for Better Analysis of Market and Industries. Cordially get in Touch
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