Asia Pacific Carbonated Beverages Market was worth USD 61.24 billion in 2022 and estimated to be growing at a CAGR of 4.1%, to reach USD 74.87 billion by 2028.
Carbonated beverages sector is one of the seasoned industries in the worldwide beverages market. In the recent past, the industry has experienced major variations regarding product advances and offerings. To face the increasing market challenges, companies are fetching new flavors keeping in mind the health and wellness apprehensions of consumers. While the industry contains low margins as compared to other processed foods, market leader Coca-Cola upholds product sustainability approach for continued brand dependability.
The growth of the Asia Pacific Carbonated Beverages Market is mainly driven by the changing food habits coupled with increasing population of the younger populace in developing countries, coupled with the rising demand for processed food products. Consumer health awareness and increased government scrutiny are the major constraints faced by the market.
The Asia Pacific Carbonated Beverages Market is segmented on the basis of Type, Flavour and Distribution Channels. On the basis of type, the market is segmented into standard drinks, diet drinks, fruit-flavored carbonates and other drinks. On the basis of flavor, the market is categorized into Cola, Lime, Orange, and Others. On the basis of distribution channels, the market is distributed among hypermarkets and supermarkets, independent retailers, convenience stores and others.
The Asia Pacific Carbonated Beverages Market is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is predicted to grow at the highest CAGR during the forecast period. Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.
Key Players in the Market:
Major key players in the Asia Pacific Carbonated Beverages Market are
The major players operating in the Asia Pacific carbonated drinks industry include Britvic PLC, Cott Corporation, PepsiCo, Parle Agro and the Coca-Cola Company.
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