The Global Carbonated Beverages Market size is worth US$ 417.72 billion in 2024, and it is estimated to reach a valuation of US$ 487.79 billion by the end of 2029, expanding at an annual growth rate of 3.15% between 2024 and 2029. The sales of carbonated beverages depend heavily on the companies' ability to develop new products based on changing consumer needs.
Carbonated beverages are liquids with the addition of carbon dioxide under pressure to provide effervescence. Soda water or sparkling water is used as the basis for making these drinks. Carbonated beverages contain sweeteners, spices, and water. Carbonic acid is produced by adding water and carbon dioxide that itches after consumption. Various types of carbonated drinks, such as sparkling water, tea, smoothies, and juices, are available in the market. Soft drink consumption is highest in the summer months and comes in a variety of flavors such as cola, orange, and lemon. They have a significant amount of sugar. In this line, there is a continuous diversification of products and new natural flavors are introduced. However, traditional flavors dominate the market. They are packaged drinks that are available in bottles, cans, and PET bottles without any alcohol content. Therefore, it is called a soft drink and covers smoothies, juices, teas ready-to-drink coffees, concentrates, and functional beverages.
The rise in the carbonated beverages market around the world is likely to witness steady growth as the market is in the saturation stage in different parts of the world.
The increasing demand for processed foods and beverages, along with the growing population of BRICS countries, is expected to help the market. The industry has relatively low prices and margins compared to other consumer goods. Therefore, key industry participants focus on packaging innovation to achieve market gains along with sustainability. Coca-Cola Company balances the relationship between bottle sustainability and functional design. They discard brand stocks, and the bottles are more sustainable than regular PET bottles. The demand for carbonated beverages with reduced sugar content is supposed to appeal to consumers due to new perceptions of health worldwide. There are various flavors like orange, cola and lemon. However, the original soft drink sector is dominant in terms of demand.
With increasing health awareness among consumers, naturally flavored drinks such as tropical and super fruits have been introduced. Product innovation and the transitional approach to innovative packaging and reusable bottle and can manufacturing are expected to provide ample opportunities for market participants. This phase is expected to reduce the dumping of waste material and ensure market continuity. The increase in the popularity of soft drinks, especially among young people, is a significant factor driving the growth of the global Carbonated Beverages market. Carbonated drinks improve the swallowing ability of young adults and young adults. It also makes you feel full because it stays longer than water in the human system.
The increasing frequency of serving carbonated beverages as side dishes at various fast food restaurants and cafes is also driving growth in the global Carbonated Beverages Market value. Growing consumer demand for mortgage and diet soda as the adoption of a healthy lifestyle increases is another factor driving growth in the global carbonated drinks market size. Furthermore, the growth of young populations and the increase in disposable income in developing countries are factors that are likely to drive the demand in the world market in the near future.
Reports of childhood obesity have increased in recent years. This can negatively affect the overall growth of the market. Strict regulations on the use of plastics in packaging materials appear as obstacles and can limit the global market growth. Additionally, the high sugar content in carbonated beverages can lead to diabetes, obesity, and calcium depletion. This factor can impede the growth of the global carbonated beverage market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
3.15% |
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Segments Covered |
By Flavor, Type, Distribution Channel, And Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Britvic PLC, Cott Corporation, PepsiCo, Parle Agro, And Coca-Cola Company |
The North American carbonated beverages market represents the largest share in terms of sales and is supposed to maintain its position over the outlook period due to the presence of the leading manufacturing companies in the region. North America has a significant share of the global business. The growing demand for processed foods and beverages in the industry is assumed to have a positive impact on local markets. However, cases of obesity in the region have led to a steady decline in demand for ten years.
The European carbonated beverages market is presumed to occupy the second position in the income category as consumption of soft drinks in individual’s increases, especially in restaurants and food stores. Europe, led by Germany, France, Italy, and Spain, is a market for soft drinks. The initial adoption of soft drink-based products combined with high living standards compared to developing countries is an essential factor responsible for market development.
The carbonated beverages market in the Asia-Pacific region is anticipated to see a significant increase in profits during the prediction period due to the rising youth population and the rise of fast food in the area. The Asia Pacific market is expected to show the most rapid growth in the next seven years. Lowering strict rules and regulations and increasing disposable incomes among consumers in emerging countries such as China, India, Southeast Asia, Korea, and Japan are supposed to help overall growth. In Central and South America, growth is foreseen due to lower medical awareness compared to other regions that lack regulatory policies related to sugar-based beverages. Additionally, the companies in this area have focused on introducing new products, which are likely to spur growth.
Major Key Players in the Global Carbonated Beverages Market are Britvic PLC, Cott Corporation, PepsiCo, Parle Agro, And Coca-Cola Company
By Type
By Flavour
By Distribution Channel
By Region
Frequently Asked Questions
The current trends in the carbonated beverages market are Health-conscious choices, a growing demand for low-calorie, sugar-free, and natural ingredient-based carbonated drinks, and Flavor innovation: Unique and exotic flavors, as well as nostalgic flavors, are becoming popular among consumers.
The key challenges faced by the carbonated beverages market are Health concerns, negative perceptions regarding sugar content and artificial ingredients affecting consumer choices, and Regulatory pressures, including increasing regulations and taxes on sugary beverages in some regions, impacting market dynamics.
The market is expected to grow in the coming years. Emerging markets are Increased urbanization and rising disposable incomes in developing countries are driving market growth and Health awareness. As more consumers seek healthier alternatives, the demand for healthier carbonated beverages is expected to rise.
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