Global Carbonated Beverages Market, By Type (Standard, Diet, Fruit Flavoured Carbonates, Others), Drinks (Soft Drinks, Sparkling Drinks, Functional Drinks), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Stores, Others) - Industry Trends and Forecast to 2031.
Carbonated Beverages Market Analysis and Size
The carbonated beverage market has changed dramatically in recent years, and this trend is projected to continue in the next years. This market is expected to grow significantly in the coming years due to an increasing base of young people, particularly in developing economies, and an increase in consumer purchasing power. Aside from that, the BRICS countries' growing demand for processed food and beverages is expected to benefit this market in the near future.
Data Bridge Market Research analyzes that the global carbonated beverages market was valued at USD 4.01 billion in 2023, is expected to reach the value of USD 5.24 billion by 2031, at a CAGR of 4.0% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Standard, Diet, Fruit Flavoured Carbonates, Others), Drinks (Soft Drinks, Sparkling Drinks, Functional Drinks), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Stores, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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The Coca-Cola Company (U.S.), PepsiCo Inc. (U.S.), Britvic PLC. (Spain), SUNTORY BEVERAGE & FOOD LIMITED. (Japan), National Beverage Corp. (U.K), ASAHI GROUP HOLDINGS, LTD. (Japan), Tru Blu Beverages (India), F&N Foods Pte Ltd. (Singapore), Bickford's Australia (Australia), Parle Agro Pvt. Ltd. (India), Laihian Mallas (Finland)
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Market Opportunities
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Market Definition
Drinks that have been infused with compressed carbon dioxide to create effervescence or fizz are known as carbonated beverages. These beverages are made with soda water or carbonated water as a base. Sweeteners, flavors, and water are all present in carbonated beverages. Carbonic acid is made by combining water and carbon dioxide, and it causes a tingling sensation after of consumption. Carbonated beverages of various types are available on the market, including carbonated water, tea, smoothies, juices, and among others.
Global Carbonated Beverages Market Dynamics
Driver
- Rising popularity of carbonated soft drinks
The rising popularity of carbonated soft drinks acts as a primary driver for the market. This trend reflects an increasing consumer inclination towards fizzy, flavored drinks, contributing significantly to the market's growth. Consumers' consistent demand for carbonated soft drinks, characterized by their diverse flavors and refreshing appeal, propels the expansion of this market segment. The industry's ability to innovate, introducing new flavors and product variations, serves to meet consumer preferences, fueling market growth.
Opportunity
- Innovation in Healthier Formulations
An opportunity in the market lies within the potential for innovation in healthier formulations. As consumer awareness of health concerns regarding high sugar content and artificial additives in traditional carbonated drinks increases, there's a growing demand for healthier alternatives. This trend offers an opportunity for the beverage industry to invest in research and development, focusing on creating beverages with reduced sugar, natural ingredients, and functional additives that cater to health-conscious consumers. Innovating with low-sugar or sugar-free options, incorporating natural flavors and alternatives to artificial sweeteners, and introducing functional benefits such as added vitamins or minerals, presents a significant opportunity for growth and market expansion.
Challenge/Restraint
- Health Concerns and Changing Consumer Preferences
One significant restraint in the market is the increasing scrutiny and awareness surrounding health concerns linked to these drinks. Consumers are becoming more conscious of the adverse health impacts associated with high sugar content, artificial additives, and their potential contribution to various health issues, including obesity and dental problems. Moreover, regulatory measures and public health campaigns aimed at reducing the consumption of sugary beverages further contribute to this restraint, necessitating the industry to innovate and reformulate products to align with evolving health trends. As a result, the carbonated beverage market encounters hurdles in maintaining its market share and growth trajectory amid the increasing emphasis on healthier drink alternatives.
This carbonated beverages market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the carbonated beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- PepsiCo Inc. will launch Soulboost, a sparkling water beverage with a splash of real juice and functional ingredients, in May 2021
- Parle Agro announced in June 2020 that it has signed on with leading e-commerce players and is onboarding numerous other national and niche players to increase the contribution of the company's online sales to its overall turnover
- In supporting the company's global world without a waste strategy, The Coca-Cola Company became the first company in the Netherlands and Norway to bottle its entire portfolio of locally produced beverage brands in 100 percent recycled polyethylene terephthalate packaging in May 2020
Global Carbonated Beverages Market Scope
The carbonated beverages market is segmented on the basis of type, drinks and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Standard
- Diet
- Fruit Flavoured Carbonates
- Others
Drinks
- Soft drinks
- Sparkling drinks
- Functional drinks
Distribution Channel
- Hypermarkets/supermarkets
- Specialty Store
- Convenience Stores
- Online Stores
- Other
Carbonated Beverages Market Regional Analysis/Insights
The carbonated beverages market is analyzed and market size insights and trends are provided by country, type, drinks and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America is the fastest growing and dominating region in the market due to increasing trade for prepared meals and refreshments in the production is expected to impact the geographical market strongly.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Carbonated Beverages Market Share Analysis
The carbonated beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to carbonated beverages market.
Some of the major players operating in the carbonated beverages market are:
- 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)
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