Diet Soft Drinks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the Diet Soft Drinks Market, offering an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report provides a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Diet Soft Drinks Market Size (2024E): US$ 85.7 Billion
Projected Market Value (2031F): US$ 115.3 Billion
Market Growth Rate (CAGR 2024 to 2031): 4.2%

Diet Soft Drinks Market - Report Scope:

The Diet Soft Drinks market refers to the segment of the beverage industry focused on low-calorie, sugar-free, and reduced-sugar soft drinks, including sodas, carbonated waters, and energy drinks. These drinks cater to health-conscious consumers seeking alternatives to traditional sugary soft drinks. The market has been growing due to increasing awareness of health issues like obesity and diabetes, leading to rising demand for healthier drink options. Innovation in flavors, ingredients, and packaging, along with advancements in artificial sweeteners, are transforming the market landscape.

Market Growth Drivers:

The growth of the Diet Soft Drinks market is primarily driven by the rising prevalence of health concerns such as obesity, diabetes, and other lifestyle-related diseases, prompting consumers to opt for sugar-free and low-calorie drink alternatives. The increasing demand for functional beverages, which offer benefits like improved digestion, hydration, or energy, is also contributing to market expansion. Furthermore, product innovation, including the introduction of new flavors and the use of natural sweeteners, is attracting a wider consumer base. The growing adoption of diet soft drinks in emerging economies and the shift towards healthier lifestyles are also pivotal factors driving the market's growth.

Market Restraints:

Despite its promising growth, the Diet Soft Drinks market faces challenges, including the negative perceptions surrounding artificial sweeteners, which some consumers view as unhealthy or potentially harmful. Additionally, concerns about the long-term effects of consuming sugar substitutes may hinder the adoption of diet soft drinks in certain demographics. Competition from other healthier beverage alternatives, such as bottled water, herbal teas, and plant-based drinks, could limit market growth. Stringent government regulations and changing consumer preferences for more natural, organic ingredients may also pose challenges for market players.

Market Opportunities:

The Diet Soft Drinks market presents significant opportunities driven by consumer demand for healthier beverage options and technological advancements in sweetening agents. The introduction of natural and organic diet soft drinks, featuring ingredients like stevia or monk fruit, could capture the growing segment of health-conscious consumers. Moreover, the rising trend of personalized beverages, where consumers can tailor their drinks to meet specific taste or dietary needs, presents a promising opportunity. Expansion into new geographic regions, particularly in Asia-Pacific and Latin America, where diet soft drink consumption is on the rise, also provides avenues for growth. Partnerships with health and wellness influencers and collaborations with fitness brands can further help boost market awareness and demand.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Diet Soft Drinks market?
What are the most popular types of diet soft drinks, and which segments are showing the highest demand?
How is innovation in sweeteners and ingredients influencing the market?
Who are the leading players in the Diet Soft Drinks market, and what strategies are they employing to maintain their market positions?
What are the emerging trends and future prospects in the Diet Soft Drinks market?

Competitive Intelligence and Business Strategy:

Leading companies in the Diet Soft Drinks market, such as The Coca-Cola Company, PepsiCo, and Nestle, are focusing on product innovation, especially the development of new, healthier, and naturally sweetened drinks to cater to growing consumer demands for low-calorie options. These companies are investing in advanced sweetening technologies and are diversifying their portfolios to include a wide range of flavors and formats. Strategic acquisitions, partnerships with health and wellness brands, and expanding product availability through e-commerce platforms are key strategies being employed to capture market share. Additionally, sustainability is becoming increasingly important, with a focus on reducing plastic waste, offering eco-friendly packaging, and sourcing ingredients responsibly.

Key Companies Profiled:

The Coca-Cola Company
PepsiCo, Inc.
Keurig Dr Pepper
Nestle S.A.
National Beverage Corp.
Red Bull GmbH
Monster Beverage Corporation
Asahi Group Holdings Ltd.
Britvic plc
Suntory Beverage and Food Limited
Danone S.A.
The Kraft Heinz Company
Unilever
Jones Soda Co.

Diet Soft Drinks Industry Segmentation

By Type

Carbonates
Dilutables
Flavored Water
Still and Juice Drinks
Sports and Energy Drinks
Fruit Juice

By Flavor

Natural
Artificial

By Distribution Channel

HoReCa
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retail

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP34987

1. Executive Summary

1.1. Global Diet Soft Drinks Market Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Industry Developments and Key Market Events
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Diet Soft Drinks Market: Value Chain
- 2.3.1. List of key players
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. Key Regulations, Clean Labels, Standards
2.7. Product USPs / Features
2.8. PESTLE Analysis
2.9. Porter Five Forces Analysis

3. Price Trend Analysis, 2019 - 2031

3.1. Key Factors Impacting Prices
3.2. Prices by Type

4. Global Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

4.1. Market Size (US$ Bn) and Volume (KL) Analysis and Forecast
- 4.1.1. Historical Market Size and Volume Analysis, 2019 - 2023
- 4.1.2. Current Market Size and Volume Forecast, 2024 - 2031
4.2. Global Diet Soft Drinks Market Outlook: Type
- 4.2.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Type, 2019 - 2023
- 4.2.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Type, 2024 - 2031
  - 4.2.2.1. Carbonates
  - 4.2.2.2. Dilutables
  - 4.2.2.3. Flavored Water
  - 4.2.2.4. Still & Juice Drinks
  - 4.2.2.5. Sports & Energy Drinks
  - 4.2.2.6. Fruit Juice
- 4.2.3. Market Attractiveness Analysis: Type
4.3. Global Diet Soft Drinks Market Outlook: Flavor
- 4.3.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Flavor, 2019 - 2023
- 4.3.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
  - 4.3.2.1. Natural
  - 4.3.2.2. Artificial
- 4.3.3. Market Attractiveness Analysis: Flavor
4.4. Global Diet Soft Drinks Market Outlook: Distribution Channel
- 4.4.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Distribution Channel, 2019 - 2023
- 4.4.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
  - 4.4.2.1. HoReCa
  - 4.4.2.2. Supermarkets/Hypermarkets
  - 4.4.2.3. Convenience Stores
  - 4.4.2.4. Specialty Stores
  - 4.4.2.5. Online Retail
  - 4.4.2.6. Others
- 4.4.3. Market Attractiveness Analysis: Distribution Channel

5. Global Diet Soft Drinks Market Outlook: Region

5.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Region, 2019 - 2023
5.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Region, 2024 - 2031
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. East Asia
- 5.2.4. South Asia and Oceania
- 5.2.5. Latin America
- 5.2.6. Middle East & Africa
5.3. Market Attractiveness Analysis: Region

6. North America Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

6.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Market, 2019 - 2023
- 6.1.1. By Country
- 6.1.2. By Type
- 6.1.3. By Flavor
- 6.1.4. By Distribution Channel
6.2. Current Market Size (US$ Bn) Forecast By Country, 2024 - 2031
- 6.2.1. U.S.
- 6.2.2. Canada
6.3. Current Market Size (US$ Bn) Forecast By Type, 2024 - 2031
- 6.3.1. Carbonates
- 6.3.2. Dilutables
- 6.3.3. Flavored Water
- 6.3.4. Still & Juice Drinks
- 6.3.5. Sports & Energy Drinks
- 6.3.6. Fruit Juice
6.4. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
- 6.4.1. Natural
- 6.4.2. Artificial
6.5. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
- 6.5.1. HoReCa
- 6.5.2. Supermarkets/Hypermarkets
- 6.5.3. Convenience Stores
- 6.5.4. Specialty Stores
- 6.5.5. Online Retail
- 6.5.6. Others
6.6. Market Attractiveness Analysis

7. Europe Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Market, 2019 - 2023
- 7.1.1. By Country
- 7.1.2. By Type
- 7.1.3. By Flavor
- 7.1.4. By Distribution Channel
7.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Country, 2024 - 2031
- 7.2.1. Germany
- 7.2.2. France
- 7.2.3. U.K.
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
7.3. Current Market Size (US$ Bn) Forecast By Type, 2024 - 2031
- 7.3.1. Carbonates
- 7.3.2. Dilutables
- 7.3.3. Flavored Water
- 7.3.4. Still & Juice Drinks
- 7.3.5. Sports & Energy Drinks
- 7.3.6. Fruit Juice
7.4. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
- 7.4.1. Natural
- 7.4.2. Artificial
7.5. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
- 7.5.1. HoReCa
- 7.5.2. Supermarkets/Hypermarkets
- 7.5.3. Convenience Stores
- 7.5.4. Specialty Stores
- 7.5.5. Online Retail
- 7.5.6. Others
7.6. Market Attractiveness Analysis

8. East Asia Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Market, 2019 - 2023
- 8.1.1. By Country
- 8.1.2. By Type
- 8.1.3. By Flavor
- 8.1.4. By Distribution Channel
8.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Country, 2024 - 2031
- 8.2.1. China
- 8.2.2. Japan
- 8.2.3. South Korea
8.3. Current Market Size (US$ Bn) Forecast By Type, 2024 - 2031
- 8.3.1. Carbonates
- 8.3.2. Dilutables
- 8.3.3. Flavored Water
- 8.3.4. Still & Juice Drinks
- 8.3.5. Sports & Energy Drinks
- 8.3.6. Fruit Juice
8.4. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
- 8.4.1. Natural
- 8.4.2. Artificial
8.5. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
- 8.5.1. HoReCa
- 8.5.2. Supermarkets/Hypermarkets
- 8.5.3. Convenience Stores
- 8.5.4. Specialty Stores
- 8.5.5. Online Retail
- 8.5.6. Others
8.6. Market Attractiveness Analysis

9. South Asia & Oceania Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Market, 2019 - 2023
- 9.1.1. By Country
- 9.1.2. By Type
- 9.1.3. By Flavor
- 9.1.4. By Distribution Channel
9.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Country, 2024 - 2031
- 9.2.1. India
- 9.2.2. Southeast Asia
- 9.2.3. ANZ
- 9.2.4. Rest of South Asia & Oceania
9.3. Current Market Size (US$ Bn) Forecast By Type, 2024 - 2031
- 9.3.1. Carbonates
- 9.3.2. Dilutables
- 9.3.3. Flavored Water
- 9.3.4. Still & Juice Drinks
- 9.3.5. Sports & Energy Drinks
- 9.3.6. Fruit Juice
9.4. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
- 9.4.1. Natural
- 9.4.2. Artificial
9.5. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
- 9.5.1. HoReCa
- 9.5.2. Supermarkets/Hypermarkets
- 9.5.3. Convenience Stores
- 9.5.4. Specialty Stores
- 9.5.5. Online Retail
- 9.5.6. Others
9.6. Market Attractiveness Analysis

10. Latin America Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Market, 2019 - 2023
- 10.1.1. By Country
- 10.1.2. By Type
- 10.1.3. By Flavor
- 10.1.4. By Distribution Channel
10.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Country, 2024 - 2031
- 10.2.1. Brazil
- 10.2.2. Mexico
10.3. Current Market Size (US$ Bn) Forecast By Type, 2024 - 2031
- 10.3.1. Carbonates
- 10.3.2. Dilutables
- 10.3.3. Flavored Water
- 10.3.4. Still & Juice Drinks
- 10.3.5. Sports & Energy Drinks
- 10.3.6. Fruit Juice
10.4. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
- 10.4.1. Natural
- 10.4.2. Artificial
10.5. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
- 10.5.1. HoReCa
- 10.5.2. Supermarkets/Hypermarkets
- 10.5.3. Convenience Stores
- 10.5.4. Specialty Stores
- 10.5.5. Online Retail
- 10.5.6. Others
10.6. Market Attractiveness Analysis

11. Middle East & Africa Diet Soft Drinks Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Historical Market Size (US$ Bn) and Volume (KL) Analysis By Market, 2019 - 2023
- 11.1.1. By Country
- 11.1.2. By Type
- 11.1.3. By Flavor
- 11.1.4. By Distribution Channel
11.2. Current Market Size (US$ Bn) and Volume (KL) Forecast By Country, 2024 - 2031
- 11.2.1. GCC
- 11.2.2. South Africa
- 11.2.3. Northern Africa
11.3. Current Market Size (US$ Bn) Forecast By Type, 2024 - 2031
- 11.3.1. Carbonates
- 11.3.2. Dilutables
- 11.3.3. Flavored Water
- 11.3.4. Still & Juice Drinks
- 11.3.5. Sports & Energy Drinks
- 11.3.6. Fruit Juice
11.4. Current Market Size (US$ Bn) and Volume (KL) Forecast By Flavor, 2024 - 2031
- 11.4.1. Natural
- 11.4.2. Artificial
11.5. Current Market Size (US$ Bn) and Volume (KL) Forecast By Distribution Channel, 2024 - 2031
- 11.5.1. HoReCa
- 11.5.2. Supermarkets/Hypermarkets
- 11.5.3. Convenience Stores
- 11.5.4. Specialty Stores
- 11.5.5. Online Retail
- 11.5.6. Others
11.6. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2023
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
- 12.2.3. Tier Structure Analysis
- 12.2.4. Regional Presence Analysis
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. The Coca-Cola Company
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Flavors
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. PepsiCo, Inc.
- 12.3.3. Keurig Dr Pepper
- 12.3.4. Nestle S.A.
- 12.3.5. National Beverage Corp.
- 12.3.6. Red Bull GmbH
- 12.3.7. Monster Beverage Corporation
- 12.3.8. Asahi Group Holdings, Ltd.
- 12.3.9. Britvic plc
- 12.3.10. Suntory Beverage & Food Limited
- 12.3.11. Danone S.A.
- 12.3.12. The Kraft Heinz Company
- 12.3.13. Unilever
- 12.3.14. Jones Soda Co.
- 12.3.15. Others

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations