In 2020, the global market for carbonated soft drinks was valued at USD 221.8 billion and is projected to experience a compound annual growth rate (CAGR) of 4.9% throughout the forecast period. Carbonated soft drinks are non-alcoholic aerated beverages made using plain water, high-fructose syrup, natural sweeteners, sugar substitutes, artificial flavors, coloring agents, and preservatives. They have a slightly acidic taste and a pleasant fizzy sensation. Manufacturers are continuously experimenting with various fruit flavors such as lemon, orange, and mango to enhance the taste and increase customer demand. Popular carbonated soft drink brands consumed globally include Coca Cola, Pepsi, Mountain Dew, Sprite, and Monster.
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Top Companies Operating in the Global Carbonated Soft Drink Market Report:
The Coca Cola Co., PepsiCo, Parle Agro, Asia Brewery, Dr. Pepper Snapple, Britvic Soft Drinks, Bickford’s Australia, Asahi Soft Drinks, FN Foods, Kirin Beverage, Lotte Chilsung Beverage, Frucor Beverages, Tru Blu Beverages, Suntory Beverage Food, and National Beverage.
Restraint of Carbonated Soft Drink Market:
The carbonated soft drink market may face certain restraints that could affect its growth in the future. One such restraint is the increasing awareness among consumers about the adverse health effects of consuming high amounts of sugar and artificial sweeteners, which are commonly found in these drinks. This has led to a growing demand for healthier alternatives, such as natural fruit juices, flavored water, and herbal teas, which are perceived to be more nutritious and less harmful to health. Additionally, there are concerns about the environmental impact of producing and consuming carbonated soft drinks, particularly in terms of the amount of plastic waste generated by packaging these products. To address these concerns, some manufacturers have started to explore more sustainable and eco-friendly alternatives, such as biodegradable packaging and reduced sugar content. However, such efforts may increase the production costs and affect the overall profitability of the industry.
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The global Carbonated Soft Drink market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
By Type (Revenue, USD Billion; 2018-2028)
- Standard
- Diet
- Fruit-flavored
- Others
By Product (Revenue, USD Billion; 2018-2028)
- Soft Drinks
- Sports Energy Drinks
- Others
By Flavor (Revenue, USD Billion; 2018-2028)
- Cola
- Fruit-based
- Others
By Distribution Channel (Revenue, USD Billion; 2018-2028)
- Convenience Stores
- Hypermarkets Supermarkets
- Transport Terminals
- Food Service Outlets
- Online Stores
- Direct-to-Consumer
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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