Carbonated Soft Drinks Market : A Regional Analysis of the Market Size, Share, and Trends
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. Carbonated Soft Drinks Market Size was
valued at USD 416.19 billion in 2021. The carbonated soft drinks market
industry is projected to grow from 432.60 billion in 2022 to USD 605.80 billion
by 2030, exhibiting a compound annual growth rate (CAGR) of 4.3% during the
forecast period (2022 - 2030).
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.
Browse
Full Report Details @ https://www.marketresearchfuture.com/reports/carbonated-soft-drinks-market-7861
Key
Players
Some of
the key players in the global carbonated soft drinks market are Britvic Soft
Drinks Limited (UK), Tru Blu Beverages (Australia), Bickford’s Australia Pty
Ltd (Australia), Suntory Holdings Ltd. (Japan), Reeds Inc. (US), F&N Foods
Pte Ltd (Singapore), Appalachian Brewing Company (US), Keurig Dr Pepper Inc.
(US), PepsiCo, Inc. (US), Cott Corporation (US), The Coca-Cola Company (US),
National Beverage Corp. (US), The Asahi Group (Japan), Postobón S.A.
(Colombia), and Jones Soda Co. (US).
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.
Contact us:
Market Research Future (part of Wantstats Research and Media Private
Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of
America
Vitamins D
Market Research Report Information by Type
(Vitamins D3, and Mineral D2), Application (Bakery & Confectionery, Dairy
& Frozen Desserts, Meat Alternatives, Oils & Fats, Sports Nutrition,
Dairy Alternatives, Dietary Supplements, Breakfast Cereals, and Others), And by
Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and
Africa) - Forecast Till 2030
Soft Drink
Market Size, Share, Growth, Industry Report
by 2032
Pre
Workout Supplements Market Research Report
Information By Form (Powder, Capsule/Tablets, and Ready to Drink), By
Distribution Channel (Online and Offline), and By Region (North America,
Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032
Comments
Post a Comment