The size of the Latin America carbonated beverages market is expected to be worth USD 33.02 billion in 2024 and grow at a CAGR of 3.50% from 2024 to 2032 to achieve USD 43.47 billion by 2032.
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 Latin America Carbonated Beverages Market is driven by factors including 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 huge rise in spending in the Carbonated Beverages market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
Major Key Players in the Latin America soy beverages market are Britvic PLC, Cott, Corporation, PepsiCo, Parle Agro, and the Coca-Cola Company
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