Global Sodas Market, By Flavor (Cola, Lemon, Lime, Orange and Others), Packaging Type (Bottles and Cans), Distribution Channel (Store-Based, Non-Store-Based), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sodas Market
The sodas market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.11% in the forecast period of 2021 to 2028. The increasing demand for sodas among young population across the globe is escalating the growth of sodas market.
Sodas refer to carbonated beverages having carbon dioxide which is colorless and flavorless in nature. These beverages have either carbonated water or soda water as their base in which flavor and sweetener are added and generally consist of 90% water and the concentration of water could be 99% water in the case of diet sodas. These beverages consist of highly saturated carbon dioxide in order to create pleasant bubbly sensation and when this carbon dioxide mixes with water, it leads to the formulation of carbonic acid creating tingling on the tongue.
The increasing popularity of soda drinks among the generation X and generation Y age groups across the globe and the consumer inclination towards the acidic bite, pleasant tingling and offer cooling sensation with every sip of the beverage act as the major factors driving the sodas market. The high adoption of these drinks owning to their fruit flavors among consumers and the rise in consumption of these drinks because of availability of plastic bottles, glass bottles, cans, evolving packaging systems and high-speed packaging lines influence the sodas market. The use of these beverages as contrasting or mirroring the flavor of the snacks such as steak, ramen, Korean short ribs, meatloaf and pizza among others and the high consumption of the product due to its fizz improving the mealtime experience accelerate the sodas market growth. The surging sales of these carbonated beverages because of the outbreak of COVID-19 making consumers to stock pile their essential products including food and beverages and the implementation of social distance encourages them to stock their favorite junk food and beverage products which propels the sodas market. Additionally, surge in spending on food and beverage expenditure, change in consumer preference, increase in GDP growth rates and increase in disposable income positively affect the sodas market. Furthermore, technological advancement and product and packaging innovations extend profitable opportunities to the sodas market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of strict government regulatory norms regarding marketing activities associated with listing the ingredients on the product, labelling and children is expected to obstruct the sodas market growth. The economic slowdown caused by the COVID-19 outbreak is projected to challenge the sodas market in the forecast period of 2021-2028.
This sodas 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 sodas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Sodas Market Scope and Market Size
The sodas market is segmented on the basis of flavor, packaging type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of flavor, the sodas market is segmented into cola, lemon, lime, orange and others.
- On the basis of packaging type, the sodas market is segmented into bottles and cans.
- On the basis of distribution channel, the sodas market is segmented into store-based and non-store-based. Store-based distribution channel is further segmented into supermarkets and hypermarkets, convenience stores and others.
Global Sodas Market Country Level Analysis
The sodas market and ice manufacturing market is analyzed and market size, volume information is provided by country, flavor, packaging type and distribution channel as referenced above.
The countries covered in the global sodas market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Central and South America dominates the sodas market because of the availability of products across the globe, the rise in the popularity in the young generation and high consumption of sodas. Asia-Pacific is expected to witness the high CAGR during the forecast period of 2021-2028 because of the introduction of new products and product innovations in developing nations.
The country section of the sodas market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Sodas Market Share Analysis
The sodas 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 sodas market.
The major players covered in the sodas market report are Nestlé, PepsiCo, Inc., The Coca-Cola Company, Anheuser-Busch Companies LLC, Danone, SUNTORY HOLDINGS LIMITED, Keurig Dr Pepper Inc., RED BULL, Asahi Soft Drinks Co., LTD., Unilever, POM Wonderful LLC, Highland Springs, ITO EN (North America) INC., Britvic PLC, innocent, A.G. Barr, Rasna, Parle Agro, Bisleri, JONES SODA CO. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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