Carbonated Soft Drink Market Research Report


 Carbonated Soft Drink Market

GMI Research anticipates that the Carbonated Soft Drink Market size to witness a significant annual growth rate over the forecast period (2021-2028).

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The factor driving the Carbonated Soft Drinks Market includes shift in consumers preference towards carbonated soft drinks due to busy lifestyles, easy availability of carbonated soft drinks in convenience stores and rising consumer consciousness about low calorie soft drinks. The increasing popularity of soft drinks among millennials and growing partnerships with food-giants such as Burger King, McDonald’s and local players, is surging the demand for carbonated beverages. The growing demand for sports and energy drinks due to increasing fitness activities is, anticipated to expand the of Carbonated Soft Drink Market size around the world.

However, the growth of Carbonated Soft Drinks Market is hindered by Continuous expansion of health and wellness industry, reducing the demand for sweet effervescent beverages, as per Global Wellness Institute report, the wellness industry is valued at $4.5 trillion and is expected to grow in the coming years. The Government’s effort to reduce the sugar levels by imposing heavy taxes, is restricting the growth of sugar-sweetened soft drinks. The overconsumption of these beverages could lead to childhood obesity, diabetes and increased risk of other diseases.

Prominent players in the market are National Beverage Corp., Monster Energy Company, Anadolu Grubu, Danone, Refresco, SodaStream International Ltd., Keurig Dr Pepper Inc., PEPSICO, JONA SODA CO., COCA-COLA FEMSA among others.

Flavor – Segment Analysis

Based on the flavor, the cola segment is anticipated to grow at a faster CAGR during the forecast period owing to the first-mover’s advantage in the market along with its ability to fulfill the demand for unique and non-traditional soft drinks.

Distribution Channel – Segment Analysis

Based on the distribution channel, the supermarkets & hypermarkets segment is projected to grow at a faster CAGR during the forecast period owing enhanced consumers experience and easy availability of low-calorie carbonated beverages. Rapid urbanization along with increasing income levels is pushing the expansion of mall and Supermarkets & Hypermarkets across the globe.

Regional – Segment Analysis 

Based on the region, North American region is anticipated to dominate the market during the forecast period due to the presence of big-food giants in the region, as per some report McDonald’s feeds almost 68 million People daily, which roughly accounts to 1% of total World’s Population. The growing demand for processed food and beverages, is increasing the demand for carbonated soft drinks in the region.

Market Segmentation

Global Carbonated Soft Drink Market by Flavor

  • Cola
  • Citrus
  • Others

Global Carbonated Soft Drink Market by Distribution Channel

  • Hypermarkets & Supermarkets
  • Convenience stores & Gas Stations
  • Food Services Outlets
  • Online Stores
  • Others

Global Carbonated Soft Drink Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
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