Asia-Pacific Soft Drinks Market Databank
The Soft Drinks market was valued at $3,600.0 Million in 2020, and is projected to reach $9,842.1 Million by 2029 growing at a CAGR of 11.87% from 2021 to 2029. Carbonated Drinks segment is expected to be the highest contributor to this market, with $1,094.0 Million in 2020, and is anticipated to reach $2,961.8 Million by 2029, registering a CAGR of 11.75%. Sports Drinks segment is anticipated to reach $494.2 Million by 2029 with the highest CAGR of 12.15%. Carbonated Drinks and Packaged Water segments collectively expected to account for about 49.0% share of the Soft Drinks market in 2020, with the former constituting around 30.4% share. Sports Drinks and Energy Drinks segments are expected to witness significant growth rates at a CAGR of 12.15% and 12.13% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 10.2% in the overall Soft Drinks market in 2020, and is anticipated to reach 10.4% by 2029.
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