Carbonated beverages have gained popularity due to their ability to provide a refreshing experience, their fizzy nature, and their thirst-quenching properties. They are often enjoyed during social gatherings and serve as versatile mixers in cocktails, adding a unique twist to drink recipes. Furthermore, carbonated beverages have found their way into culinary applications, enhancing the flavors of marinades, sauces, and desserts. Additionally, these beverages play a vital role in branding and marketing strategies for beverage companies, contributing to their overall success and consumer loyalty. With their diverse uses and universal appeal, carbonated beverages continue to be cherished by consumers worldwide.
According to Data Bridge Market Research, the Global Carbonated Beverages Market is valued at USD 3.7 billion in 2021 and is expected to reach the value of USD 4.91 billion by 2029, at a CAGR of 3.60% during the forecast period of 2022 to 2029.
“Consumer preference for refreshing beverages surge market demand"
Consumer preference for refreshing beverages plays a significant role in driving the global carbonated beverages market. The fizzy and bubbly nature of carbonated drinks provides a unique sensory experience, enhancing their appeal to consumers. The effervescence and the crisp mouthfeel of carbonated beverages are refreshing and satisfying, making them a popular choice for quenching thirst and providing a pleasant drinking experience, especially in warm climates or during social occasions.
What restraints the growth of the global carbonated beverages market?
“Growing competition from non-carbonated beverages can impede the market growth”
The growing competition from non-carbonated beverages poses a challenge to the carbonated beverages market. Consumers are increasingly seeking healthier alternatives with lower sugar content and natural ingredients. Flavored water, ready-to-drink teas, and functional beverages have gained popularity as they align with changing consumer preferences for healthier choices. This shift in demand towards non-carbonated options has led to a decline in sales for traditional carbonated beverages, compelling manufacturers to innovate and diversify their product offerings to stay relevant in the market.
Segmentation: Global Carbonated Beverages Market
The carbonated beverages market is segmented on the basis of type, drinks, and distribution channel.
- On the basis of type, the carbonated beverages market is segmented into standard, diet, fruit flavoured carbonates, and others.
- On the basis of drinks, the carbonated beverages market is segmented into soft drinks, sparkling drinks, and functional drinks.
- On the basis of distribution channel, the carbonated beverages market is segmented into hypermarkets/supermarkets, specialty store, convenience stores, online stores, and others.
Regional Insights: North America dominates the global carbonated beverages market
North America dominates the global carbonated beverages market due to its high consumer demand, established market infrastructure, and strong presence of major beverage companies. The region's affinity for carbonated drinks, including colas and flavored sodas, coupled with effective marketing strategies and brand loyalty, contributes to its market dominance. Additionally, a culture of convenience and on-the-go consumption further supports the growth of carbonated beverage sales in North America.
Europe holds a significant share in the global carbonated beverages market. The region's strong presence in the industry is driven by factors such as the increasing demand for prepared meals and refreshments, which boosts the production and consumption of carbonated beverages. The well-established food and beverage market infrastructure, along with a diverse range of flavors and brands, contributes to the strong presence of carbonated beverages in Europe, making it a key geographical market for the industry.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-carbonated-beverages-market
Recent Developments in Global Carbonated Beverages Market
- In 2021, PepsiCo Inc. will introduce Soulboost, a sparkling water drink with a splash of real juice and useful ingredients.
- In 2020, in order to increase the contribution of the company's online sales to its overall turnover, Parle Agro declared that it has signed agreements with major e-commerce players and is enlisting the support of numerous other national and niche players.
- In 2020, The Coca-Cola Company became the first business in the Netherlands and Norway to bottle its entire portfolio of locally produced beverage brands in 100 percent recycled polyethylene terephthalate packaging as part of the company's global world without a waste strategy.
The Prominent Key Players Operating in the Global Carbonated Beverages Market Include:
- The Coca-Cola Company (U.S.)
- PepsiCo Inc. (U.S.)
- Britvic Plc (U.K.)
- SUNTORY BEVERAGE & FOOD LIMITED. (Japan)
- National Beverage Corp.(U.S.)
- ASAHI GROUP HOLDINGS, LTD. (Japan)
- Tru Blu Beverages (Australia)
- F&N Foods Pte Ltd. (Singapore)
- Bickford's Australia (Australia)
- Parle Agro Pvt. Ltd. (India)
- Laihian Mallas (Finland)
Above are the key players covered in the report, to know about more and exhaustive list of global carbonate beverages market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Carbonated Beverages Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
