The latest report by IMARC Group, titled “Soft Drinks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global soft drinks market size reached US$ 604.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 872.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.18% during 2024-2032.
Soft drinks, also known as carbonated beverages or sodas, are non-alcoholic beverages that encompass a wide range of flavored, sweetened, and carbonated liquids. These beverages are typically made from carbonated water, sweeteners such as sugar or high-fructose corn syrup, flavorings, and sometimes caffeine. They come in a wide variety of flavors, with popular options including cola, lemon-lime, orange, and root beer, among others. These drinks are typically served chilled and are enjoyed globally, making them a significant segment within the beverage industry. They offer a refreshing and effervescent option to quench thirst and are often consumed as standalone refreshments or paired with meals. Over the years, soft drinks have evolved significantly, adapting to changing consumer preferences and emerging health-conscious trends.
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Soft Drinks Market Trends and Drivers:
The global soft drinks market is primarily driven by the escalating consumer demand for convenience. Soft drinks are readily available in different sizes and packaging options, making them easily accessible for on-the-go consumption. Additionally, the rising number of health-conscious consumers has augmented the demand for low-calorie and sugar-free soft drinks, fostering innovation in product formulations. In line with this, the influx of natural and organic soft drinks, catering to the increasing consumer preference for healthier beverage choices, is supporting the market growth. Furthermore, the shifting trend toward sustainable packaging and eco-friendly practices, aligning with the heightened environmental consciousness worldwide, is fueling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Carbonated
- Non-Carbonated
Distribution Channel Insights:
- Hypermarkets and Supermarkets
- Convenience Store
- Online
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Arizona Beverage Company
- Asahi Group Holdings Ltd.
- Keurig Dr Pepper Inc.
- National Beverage Corp.
- Nestlé S.A.
- Pepsico Inc.
- Purity Soft Drinks Ltd.
- Red Bull GmbH
- Refresco Group BV
- The Coca-Cola Company
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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