PUBLISHER: SkyQuest | PRODUCT CODE: 1285932
PUBLISHER: SkyQuest | PRODUCT CODE: 1285932
Global Carbonated Beverages Market size was valued at USD 422.7 billion in 2021 and is poised to grow from USD 439.3 billion in 2022 to USD 674.8 billion by 2030, growing at a CAGR of 3.8% in the forecast period (2023-2030).
The global carbonated beverages market refers to the industry focused on the production, distribution, and consumption of carbonated drinks. This market encompasses a wide range of carbonated beverages, including soft drinks, carbonated water, and energy drinks. Factors such as changing consumer preferences, increasing urbanization, and growing disposable incomes influence market growth. Companies within the industry employ various marketing strategies to cater to diverse consumer demands and drive sales.
Top-down and bottom-up approaches were used to estimate and validate the size of Carbonated Beverages and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
Global carbonated beverages market is segmented based on the product, flavor, distribution channel, and region. Based on the product, the global carbonated beverages market is segmented as soft drinks, sports & energy drinks. Based on the flavor, the global carbonated beverages market is segmented into cola, fruit-based, and others. Based on distribution channel, the global carbonated beverages market is segmented into hypermarkets/supermarkets, specialty stores, convenience stores, online stores, and other distribution channels. Based on region, carbonated beverages market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
The popularity of carbonated beverages has increased because of the busy lifestyles of consumers. There is a growing demand among consumers for clean-label, gluten-free, low-calorie, and low-carb products in the food industry, which has led to the expansion of the market for low-calorie carbonated beverages. Additionally, the overall market for functional beverages is growing, and consumers are becoming more aware of their health, which has further fueled the demand for low-calorie drinks. The availability of low- or zero-calorie beverages in Walmart and convenience stores has also contributed to the expansion of the market. Major players in the industry are continuously experimenting with new flavors and innovations for zero-calorie beverages in order to attract more customers.
Restrain
On the contrary, the excessive amount of sugar found in carbonated beverages can lead to the development of diabetes, obesity, and a deficiency in calcium. This factor has the potential to impede the global growth of the carbonated beverage market. Nevertheless, the introduction of a new line of reduced-sugar carbonated drinks could generate substantial profits for competing brands.
Trends
The increasing demand for carbonated beverages as a complementary drink in fast-food chains and cafes is contributing to the growth of the global market. Additionally, the worldwide carbonated beverage market is being propelled by a surge in consumer interest for low-sugar and diet options, driven by the growing adoption of healthier lifestyles. Furthermore, there is a need to enhance environmental visibility and eliminate performance limitations by implementing a view-based approach.