North America Carbonated Beverages Market By Type (Standard, Diet), By Flavour (Cola, Lime, Orange), By Distribution Channel (Independent Retailers, Convenience Stores), And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2024 to 2029)

Updated On: January, 2024
ID: 3568
Pages: 145

North America Carbonated Beverages Market Growth and Forecast (2023 - 2028):

North America Carbonated Beverages Market was worth USD 95.7 billion in 2022 and estimated to be growing at a CAGR of 2.5%, to reach USD 108.27 billion by 2028.

Market Overview:

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 flavours 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.

Drivers and Restraints:

The North 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.

North America Carbonated Beverages Market Segmentation Analysis:

The North America 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 flavoured carbonates and other drinks. On the basis of flavour, the market is categorised 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.

Region Analysis:

Geographically the North America Carbonated Beverages Market is segmented into US, Canada, Mexico and Rest of North America. The North American region holds the second major stake in the aggregate income of Global Carbonated Beverages market in 2018 because of noteworthy growth in consumption, brought about by established distribution channels. However the market has dwindled owing to increasing incidence of obesity coupled with the rising health awareness among consumers.

Key Players in the Market:

Major Key Players in the North America Carbonated Beverages Market are

  • Britvic PLC
  • Cott Corporation
  • PepsiCo
  • Parle Agro
  • The Coca-Cola Company

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