Carbonated Beverages Market: Global Industry Analysis And Forecast (2023 to 2029)

Carbonated Beverages Market was valued at US$ 472.36 Bn. in 2022. The Carbonated Beverages Market size is estimated to grow at a CAGR of 5.1% over the forecast period.
Carbonated Beverages Market Overview:
The report explores the carbonated beverages market segments (Type, Product, Flavor, Distribution Channel, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Carbonated Beverages market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the carbonated beverages market contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Carbonated Beverages Market Dynamics:
Carbonated beverages have become popular among consumers as a result of hectic lifestyles. The food industry's low-calorie carbonated beverage market has risen in response to rising demand for clean-label, gluten-free, low-calorie, and low-carb goods. Low-calorie beverages have grown in popularity as the general functional beverage market has grown and consumers have become more health concerned. The easy availability of low- or zero-calorie drinks even in local convenience stores has aided the growth. To attract more customers, major firms are continually inventing products and producing diverse flavors for a zero-calorie drink.

Increased disposable income, customer tastes, and a growing population all influence the demand for carbonated soft drinks. There are multiple important players in the sector, all of which are similar in size and product offers. Many of these executives launch new product lines and engage in advertising wars. Competitor competition is tough because many competitors are evenly matched.

Health campaigners are the greatest threat to the carbonated beverage business. Obesity in children has become more common in recent years. This may have a detrimental impact on the market's overall growth. Strict limits on the use of plastics in packaging Flavors look to be a roadblock that could stifle global market growth. Also, the sugar content of carbonated beverages might cause diabetes and calcium deficiency, which can stymie the global carbonated beverage market's growth. In addition, Bottlers are aggressively minimizing waste to preserve already slim margins as competition in the beverage market increases. Many organizations are focusing on lowering inventory carrying costs, notably beverage producers that frequently need to set aside huge warehouse facilities for bottles, cans, and components.

During the forecasted period, the development of low-sugar carbonated drinks with natural ingredients such as stevia sweeteners is likely to provide opportunities in the carbonated beverages market. With this process, more customers would be attracted to carbonated beverages, and it would result in market growth.

Despite the fact that the majority of consumers still buy their food and beverages at grocery stores, several smaller beverage companies are seeing success by selling beverages directly to clients via e-commerce. Although this technique is not sustainable for larger producers, manufacturers can use e-commerce to target specialized consumer segments that grocery stores have traditionally been unable to serve.

Carbonated Beverages COVID-19 Impact:

The strong popularity of soda drinks among the generation X and generation Y age groups is predicted to play a significant influence on market growth. Carbonated drinks have witnessed an uptick in grocery stores around the world since the sudden impact of COVID-19 in mid-March 2020, as customers hoarded the items for an extended period of self-isolation (or quarantine) at home. In many places, the practice of working from home or staying at home had established a habit of regular consumption of carbonated beverages, which boosted the market growth. Where every market gets downfall because of the COVID-19 Impact, this Carbonated Beverages Market got the rise.
Carbonated Beverages Market Segment Analysis:
Based on Product, Carbonated Beverages Market is segmented into Soft Drink, Carbonated Water, Sports & Energy Drinks, and Others. In 2022, carbonated soft drinks accounted for more than 50% of total revenue. Companies have employed a range of techniques in order to increase the penetration of carbonated beverages and maintain customer loyalty. Product innovation is one of the most common strategies used by most businesses to increase income.

During the forecast period, the market for carbonated sports and energy drinks is predicted to increase at the quickest rate, with a CAGR of 7.1 %. To enhance the freshness, a huge number of sports and energy drinks producers have added fizz to the beverage.

Based on Flavor, Carbonated Beverages Market is segmented into Cola, Fruit Based, and Others. The cola taste accounted for 55.8% of global revenue. Due to the first distribution advantage, these products have been able to maintain their lead. Also, leading manufacturers such as The Coca-Cola Company and PepsiCo are predicted to continue the attractiveness of the cola taste segment in the near future due to a high level of innovation in terms of the launch of products with zero-calorie and diet-free content. With a CAGR of 6.1% through the forecast period, the fruit-based tastes market is predicted to expand the quickest in the forecasted years.

Rapscallion Soda released S 01 Rhubarb - sour face pull, a fruity flavored carbonated beverage, in June 2020. It's a long-lasting, low-calorie, slightly sour beverage with a bubbly floral aftertaste. Scottish rhubarb, pink grapefruit zest, Sichuan pepper, and raw organic cane sugar are all utilized in the recipe.
Carbonated Beverages Market Regional Insights:
North America dominates the carbonated beverage market across the globe, followed by Europe, which accounts for a substantial portion of the industry. The regional market is expecetd to benefit from increased demand for processed foods and beverages in the industry. A drastic change in eating patterns, as well as an increase in the region's younger population and rising demand for carbonated beverages, are driving the North American market. Also, in order to meet the new difficulties, businesses are pursuing product innovation that takes into account the health and wellness concerns of consumers in the region. Coca-Cola, the market leader, adheres to a product sustainability strategy to ensure brand consistency.
Carbonated Beverages Market Competitive Landscape:
With several international and domestic firms, the carbonated beverage market is very competitive. Product innovation is becoming the most widely used technique among the global market's powerhouses. The carbonated beverage sector is known for its strong brand loyalty. Across the industry, mergers and acquisitions are commonplace. The Coca-Cola Company, PepsiCo Inc., and Asahi Group Holdings are just a few of the main global companies in the carbonated beverage business. There are multiple important players in the sector, all of which are similar in size and product offers. Many of these executives launch new product lines and engage in advertising wars. The competitor market is very competitive because many competitors are evenly matched.

The objective of the report is to present a comprehensive analysis of the global Carbonated Beverages Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Carbonated Beverages Market dynamic and structure by analyzing the market segments and projecting the Carbonated Beverages Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Carbonated Beverages Market make the report investor’s guide.
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Carbonated Beverages Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 472.36 Bn.


Forecast Period 2023 to 2029 CAGR:
5.1%
Market Size in 2029:
US$ 669.11 Bn.


 Segments Covered:
by Product
Soft Drink
Carbonated Water
Sports & Energy Drinks
Others


by Flavor
Cola
Fruit Based
Others


by Distribution Channel
Hypermarkets & Supermarkets
Convenience Store
Food Service Outlets
Transport Terminals
Online Stores D2C



Carbonated Beverages Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Carbonated Beverages Market Key Players are:
1. The Coca-Cola Company
2. Pepsico Inc.
3. Britvic Plc.
4. Suntory Beverage & Food Limited
5. National Beverage Corp.
6. Asahi Group Holdings Limited
7. Tru Blu Beverages
8. F&N Foods Pte Ltd.
9. Parle Agro Pvt. Ltd.
10.Dr Pepper Snapple
11.Cott. Sinar Sosro
12.Asia Brewery
13.Ito En
14.Kirin Beverage
15.Bickford’s Australia
16.Lotte Chilsung Beverage
17.Frucor Beverages
18.JONES SODA CO.

Frequently Asked Questions:

1] Which company is leading the Global Carbonated Beverages Market Globally?
Ans. Pepsico Inc is leading the Carbonated Beverages Market Globally.

2] What are the challenging factors of the growth of the Global carbonated beverage market?
Ans. Waste Reduction, Service for E-Commerce, and Subscriptions are some of the challenges of the carbonated Beverages Market.

3] Which region is expected to hold the highest share in the Global Carbonated Beverages Market?
Ans. The North American region is expected to hold the highest share in the Carbonated Beverages Market. Followed by Europe

4] Which are the leading key players in the Global Carbonated Beverages market?
Ans. The Coca-Cola Company Pepsico Inc., Britvic Plc., Suntory Beverage & Food Limited, and National Beverage Corp. are some of the leading key players.

5] What segments are covered in Global Carbonated Beverages?
Ans. The Carbonated beverage market is segmented into Product, Flavour, Distribution Channel, and Geography.