Global Carbonated Beverages Market - Growth, Trends, and Forecast (2022-2030)
Market Insights
The global carbonated beverages market is expected to reach USD 412.5 billion by 2023, at a CAGR of 2.8%, during the forecast period. Carbonated beverages sector is one of the matured industries in the worldwide beverages market. In the recent past, the industry has undergone major changes regarding product innovations and offerings. To face the growing market challenges, companies are bringing new flavors keeping in mind the health and wellness concerns of consumers.
Market Dynamics
The changing food habits coupled with increasing population of young people in developing countries drive the market demand for carbonated drinks. The consumption of carbonated beverages is also accelerated with the growing demand for processed food products. The consumption of carbonated drinks remains static in many parts of developed regions owing to health concerns. Increased government scrutiny would further act as a market obstacle in the forecast period. Owing to consumer health awareness, companies are now more focused on product innovations using natural ingredients, like stevia sweeteners.
Market Segmentation
The global carbonated beverages market is segmented by product type, flavor type, by sales channels, and by geography. By product type, the market is explained by standard, diet, and fruit flavored products; diet products are increasingly gaining market share globally. By flavors, cola, orange, and lime/lemon are the basic flavors contributing to a majority of the market demand. However, to provide increasing product assortments, companies are now focusing on making product lines based on tropical fruits and super fruits. By sales channel, the market demand is analyzed under sales in hypermarket, supermarket, independent retailers, and convenience stores, etc.
Regional Analysis
Europe dominates the global carbonated beverage drink market with a majority of the market demand generated in the region. Increased obesity concerns in North America has dwindled the demand in the region. Asia-Pacific is expected to witness the fastest growth owing to increased disposable income, growing young population and changing food habit preferences in countries, like China, India, South Korea, and Japan. India has been showing the strongest growth regarding value consumption, in the last five years.
Key Developments
• March 2018 - Coca-Cola announced alcoholic soda. With the launch of this product the company will break that 126-year streak by entering the thriving market for “alcopops”.
Major players - ASAHI SOFT DRINKS, ASIA BREWERY, BICKFORDS AUSTRALIA, BRITVIC PLC, COTT CORPORATION, DANONE GROUP, F&N FOODS, KERRY GROUP PLC, NATIONAL BEVERAGE CORP., PARLE AGRO, PEPSICO INC., POSTOBON, SUNTORY HOLDINGS LTD., THE COCA-COLA COMPANY, TRU BLU BEVERAGES, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
The global carbonated beverages market is expected to reach USD 412.5 billion by 2023, at a CAGR of 2.8%, during the forecast period. Carbonated beverages sector is one of the matured industries in the worldwide beverages market. In the recent past, the industry has undergone major changes regarding product innovations and offerings. To face the growing market challenges, companies are bringing new flavors keeping in mind the health and wellness concerns of consumers.
Market Dynamics
The changing food habits coupled with increasing population of young people in developing countries drive the market demand for carbonated drinks. The consumption of carbonated beverages is also accelerated with the growing demand for processed food products. The consumption of carbonated drinks remains static in many parts of developed regions owing to health concerns. Increased government scrutiny would further act as a market obstacle in the forecast period. Owing to consumer health awareness, companies are now more focused on product innovations using natural ingredients, like stevia sweeteners.
Market Segmentation
The global carbonated beverages market is segmented by product type, flavor type, by sales channels, and by geography. By product type, the market is explained by standard, diet, and fruit flavored products; diet products are increasingly gaining market share globally. By flavors, cola, orange, and lime/lemon are the basic flavors contributing to a majority of the market demand. However, to provide increasing product assortments, companies are now focusing on making product lines based on tropical fruits and super fruits. By sales channel, the market demand is analyzed under sales in hypermarket, supermarket, independent retailers, and convenience stores, etc.
Regional Analysis
Europe dominates the global carbonated beverage drink market with a majority of the market demand generated in the region. Increased obesity concerns in North America has dwindled the demand in the region. Asia-Pacific is expected to witness the fastest growth owing to increased disposable income, growing young population and changing food habit preferences in countries, like China, India, South Korea, and Japan. India has been showing the strongest growth regarding value consumption, in the last five years.
Key Developments
• March 2018 - Coca-Cola announced alcoholic soda. With the launch of this product the company will break that 126-year streak by entering the thriving market for “alcopops”.
Major players - ASAHI SOFT DRINKS, ASIA BREWERY, BICKFORDS AUSTRALIA, BRITVIC PLC, COTT CORPORATION, DANONE GROUP, F&N FOODS, KERRY GROUP PLC, NATIONAL BEVERAGE CORP., PARLE AGRO, PEPSICO INC., POSTOBON, SUNTORY HOLDINGS LTD., THE COCA-COLA COMPANY, TRU BLU BEVERAGES, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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