Soda Production Market – Industry Analysis, Trends and Forecast (2023-2029)

Soda Production Market size was valued at US$ 645.7 Mn. in 2022 and the total revenue is expected to grow at 4.82 % through 2023 to 2029, reaching nearly US$ 897.8 Mn.
Soda Production Market Overview:
Inorganic compounds that contain sodium, such as sodium carbonate, sodium bicarbonate, and sodium oxide, contain soda (baking soda, alkali metal oxide). Food and beverage, paper, and glass are just a few of the industries that use these chemicals. Soda bread, for example, is made with sodium bicarbonate, which is also known as baking soda. Soft drink, often known as soda or pop soda, is a beverage made up of sugar, carbonated water, and flavouring. Soft drinks are made by combining various substances with artificially carbonated water in the same way as soda is made.



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Soda Production Market Dynamics:
Companies that make soda primarily engage in research and development as well as the production of carbonated beverages. To obtain an advantage in the extremely competitive industry, many companies are now focused on brand marketing. Regular carbonated soft drinks, diet carbonated soft drinks, and sparkling water are among the major items covered by the sector. Regular carbonated drinks have a market share of more than 60%, whereas diet carbonated drinks have a market share of more than 25%. The balance of the market is dominated by sparkling water.

The global soda manufacturing industry is primarily driven by the increased per capita consumption of soft drinks. Another element driving demand for soda manufacture in the industry is rising demand in supermarkets and grocery shops. Demand for soda has also increased as a result of the introduction of zero-calorie soda drinks. Energy drinks, sports drinks, and bottled water have all contributed to increased demand for soda manufacture around the world.

Non-carbonated beverage consumption has increased in recent years and is anticipated to climb at a 9.6% CAGR over the next several years. By 2029, the quantity of non-carbonated soft drinks is expected to surpass xx ml. The desire for non-carbonated beverages has spawned a slew of new business options. Fruit cocktail, cola, iced tea, and other beverages can be used to elevate them towards the next step.

The growth of soda production in the market is projected to be hampered by increased awareness about health and replacements for soda drinks. Strict rules have also had a detrimental effect on the market's increase of soda production. Manufacturers, on the other hand, are now focusing on introducing new items that will meet the needs of consumers.
Soda Production Market Segment Analysis:
The global Soda Production Market is segmented by Product Type, Distribution Channel and Flavor.

Based on Product Type, the global Soda Production market is sub-segmented into Soft Drinks, Carbonated Water, Sports & Energy Drinks and Other Product Type. The Soft Drinks segment held the largest market share of 4.82% in 2022. The major key players in the market are offering a variety of soft drink flavors driving the customers' demand, also the new launch of sugar-free and non-carbonated soft drinks are getting popular among customers. The Unsweetened & Sweetened Tea, Lemonade, Fruit Punch, Sports Drinks, Orange Juice, Enhanced Water, Sparkling Water, Flavored Water are the non-carbonated drinks popular among customers driving the market growth in the forecast period.

The sports and energy soft drink manufacturers are getting more demand from the customers, as the customers shift towards health and sports activities. The red bull is major player in the energy drink market, which has 70 % of market share in energy drink segment. Red bull sells across 171 countries and is now focusing on Europe and the U.S. markets. That red bull sale is growing in Turkey, Netherlands, India, Northern Europe and UK market. VPX Sports launched Noo Fuzion, In June 2022, it ready-to-drink pre-workout carbonated beverages.

Based on Flavor, the global Soda Production market is sub-segmented into Cola, Fruit Based and Other Flavor. The Fruit Based segment held largest share of 4.82% in 2022. The fruit based soft drinks are getting popular among peoples; the major manufacturers of soft drinks are diverting their business towards natural and healthy drinks. Coca Cola largest manufacturer of soft drinks are willing to introduce range of fruit base soft drinks in Indian market. The Coca-Cola India and PepsiCo both are expected to launch their fruit based beverage product in the next year.
Soda Production Market Regional Insights:
Asia Pacific held the largest market share of 4.82% in 2022. In the foreseeable term, the Asia Pacific market would rise due to a huge client base and changing lifestyles in developing countries. India and China are the largest soft drink users, with a market share of xx percent and 43.1%, respectively. China is the market leader, with a total value of US$ 83.2 billion. India is in second place in the market, with a market value of $26.6 billion, followed by Indonesia. The key manufacturers are introducing a new product line into the market, which is projected to propel the market forward. In the regional market, small-size packaging is in high demand.

North America held the 2nd largest market of 4.82% in 2022. In terms of sales revenue, the Soda Production economy in the North America is ranked 45th, with a market size of $261 million. Most people regard soda, energy drinks, and sports drinks to be discretionary purchases. As a result, as discretionary income rises, people are able to buy industry goods alongside their other groceries, as well as upgrade to craft variations with higher price tags. In 2022, per capita discretionary income is expected to rise, creating an opportunity for the business.

The objective of the report is to present a comprehensive analysis of the global Soda Production 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 helps in understanding the global Soda Production Market dynamic, structure by analyzing the market segments and project the global Soda Production Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Soda Production Market make the report investor’s guide.
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Global Soda Production Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 645.7 Mn.


Forecast Period 2023 to 2029 CAGR:
4.82%
Market Size in 2029:
US $ 897.8 Mn.


 Segments Covered:
by Product
Soft Drinks
Carbonated Water
Sports & Energy Drinks
Other Product Type


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


by Flavor
Cola
Fruit Based
Other Flavor



Soda Production 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)
Soda Production Market Key Players are:
1. Coca-Cola Company
2. PepsiCo Inc
3. Dr Pepper Snapple Group, Inc
4. Faygo Beverages, Inc
5. Cott Corporation
6. Jones Soda Co
7. PARKER\'S ORGANIC JUICES PTY LTD
8. Nexba
9. Trend Drinks
10. Kirks Originals
11. Saxby’s
12. Dydo Drinko INC
13. Suntory Holdings Limited
14. Japan Tobacco Inc
15. Asahi Soft Drinks Co., Ltd
16. Tru Blu Beverages Pty Ltd
17. Ito En, Ltd
18. Sangaria
19. Vitasoy International Holdings Limited
20. Hamound Boualem spa
21. Infri Cia Ltda
22. Sumol + Compal S.A
23. Perrier
24. Britvic plc
25. Ambev
26. Aje Group
27. Bickford’s Australia
28. Bundaberg Brewed Drinks
29. Pacific Refreshments Pty Ltd

Frequently Asked Questions:

1] What segments are covered in Market report?
Ans. The segments covered in Market report are based on Product Type, Distribution Channel and Flavor.

2] Which region is expected to hold the highest share in the global Market?
Ans. Asia Pacific is expected to hold the highest share in the global Market.

3] What is the market size of global Soda Production Market by 2029?
Ans. The market size of global Market by 2029 is US $ 897.8 Mn.

4] Who are the top key players in the global Market?
Ans. Coca-Cola Company, PepsiCo Inc, Dr Pepper Snapple Group, Inc, Faygo Beverages, Inc and Cott Corporation are the top key players in the global Soda Production Market.

5] What was the market size of global Market in 2022?
Ans. The market size of global Soda Production Market in 2022 was US $ 645.7 Mn.

6] By Flavor, what segments are covered in global Market report?
Ans. The segments covered in global  Market report by flavor are Cola, Fruit Based and Other Flavor.