Soft Drinks

Global Soft Drinks Market to Reach US$1.5 Trillion by 2030

The global market for Soft Drinks estimated at US$1.0 Trillion in the year 2024, is expected to reach US$1.5 Trillion by 2030, growing at a CAGR of 6.2% over the analysis period 2024-2030. Carbonated Soft Drinks, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$608.0 Billion by the end of the analysis period. Growth in the Non-Carbonated Soft Drinks segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$264.0 Billion While China is Forecast to Grow at 9.5% CAGR

The Soft Drinks market in the U.S. is estimated at US$264.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$342.5 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Soft Drinks Market - Key Trends and Drivers Summarized

Soft drinks, a staple of modern consumer culture, encompass a wide variety of non-alcoholic beverages including carbonated drinks, flavored waters, sports and energy drinks, fruit juices, and ready-to-drink teas and coffees. The global soft drinks market is vast and highly competitive, dominated by major players such as Coca-Cola, PepsiCo, and Nestlé, each offering a diverse portfolio of products. The market is characterized by continuous innovation, with companies regularly introducing new flavors, packaging formats, and health-oriented formulations to cater to evolving consumer preferences. Traditional carbonated soft drinks, while still popular, are facing increased competition from healthier alternatives as consumers become more health-conscious. This shift has prompted beverage companies to develop and market low-calorie, sugar-free, and fortified drinks with added vitamins and minerals. The rise of functional beverages, which offer health benefits beyond basic nutrition, has also significantly impacted the market landscape.

Technological advancements have played a crucial role in shaping the soft drinks industry. Innovations in production processes, such as the use of natural sweeteners like stevia and monk fruit, have enabled companies to reduce sugar content without compromising taste. Advanced packaging solutions, including eco-friendly materials and smart packaging that enhances shelf life and product safety, are becoming increasingly important as sustainability becomes a critical concern for both manufacturers and consumers. The integration of digital technology in marketing and distribution has also revolutionized the industry. Social media platforms and digital advertising enable companies to reach a broader audience and engage with consumers in real-time, while e-commerce platforms provide convenient access to a wide range of products. Additionally, the use of big data and analytics helps companies understand consumer behavior and preferences, allowing for more targeted product development and marketing strategies.

The growth in the soft drinks market is driven by several factors. One of the primary drivers is the increasing demand for healthier beverage options as consumers become more aware of the health risks associated with high sugar intake and artificial ingredients. This has led to a surge in the popularity of natural, organic, and functional beverages. The global trend towards urbanization and rising disposable incomes, particularly in emerging markets, has expanded the consumer base for soft drinks. Younger consumers, especially millennials and Gen Z, are seeking innovative and premium beverage experiences, driving demand for unique flavors and high-quality ingredients. The convenience factor associated with ready-to-drink beverages also propels market growth, catering to the fast-paced lifestyles of modern consumers. Furthermore, seasonal and regional preferences, such as increased consumption of cold beverages during summer months and festive periods, contribute to market dynamics. Environmental concerns and regulatory pressures are pushing manufacturers to adopt sustainable practices, such as using recyclable materials and reducing carbon footprints, which in turn resonate well with environmentally conscious consumers. These factors, combined with the continuous efforts of companies to innovate and adapt to changing consumer preferences, are propelling the robust growth of the global soft drinks market.

SCOPE OF STUDY:

The report analyzes the Soft Drinks market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Carbonated Soft Drinks, Non-Carbonated Soft Drinks, Energy & Sports Drinks); Consumption Location (At-Home, Out of Home); Distribution Channel (Offline, Online)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 172 Featured) -

• Groupe Danone
• Keurig Dr Pepper, Inc.
• Monster Energy Company
• Nestle SA
• PepsiCo, Inc.
• Red Bull GmbH
• The Coca-Cola Company

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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