Carbonated Soft Drink Market: Current Analysis and Forecast (2021-2027)

Carbonated Soft Drink Market: Current Analysis and Forecast (2021-2027)

Carbonated Soft Drink Market is expected to grow at a CAGR of around 7.85% over the forecast period (2021-2027). The Carbonated Soft Drink medical devices market is primarily driven by factors such as rising global population, shelf-stable innovations, eco-friendly packaging, made with clean, renewable materials, and fewer preservatives and chemicals, etc.

Carbonated soft drinks are non-alcoholic fizzy beverages produced using clean water, sugar, natural sweeteners or sugar substitutes (in diet drinks), caffeine, artificial flavoring elements, fruit juice concentrations, preservatives, and coloring agents. Coca-Cola, Sprite, Mountain Dew, and Monster are some of the most popular soft drink brands consumed all over the world. The beverages have a slightly acidic taste and offer a pleasant tingling and cooling sensation with every sip. The availability of carbonated soft drinks in a wide variety of fruit flavors has boosted their demand among consumers. Carbonated soft drinks are usually available at convenience stores, fast-food restaurants, casual dining restaurants, movie theaters, dedicated soda stores, and vending machines.

Some of the major players operating in the market include Pepsico, Inc., The Coca-Cola Company, Postobón S.A., National Beverage Corp., Cott Corporation, F&N foods pte Ltd, Bickford’s Australia Pty Ltd, Suntory Holdings Ltd., Reeds Inc., Keurig Dr Pepper Inc., etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Insights Presented in the Report

“Amongst Flavour, Cola segment dominated the market in 2020”

Based on Flavour, the market is segmented into Cola, Lemon & Lime, Orange & Others. Of the different flavor segments, the cola segment leads the global market, accounting for over 50% of the overall market share in 2020. The rising demand for cola-flavored carbonated soft drinks worldwide is projected to boost this segment’s growth in the upcoming years. Manufacturers have been engaged in new product innovations, trying out new versions of the classic taste of Cola.

“Amongst Packaging Type, Bottle segment dominated the market in 2020.”

Based on Packaging Type, the Carbonated Soft Drink market is segmented into Bottles and Cans. The Bottles segment contributed the maximum market to the Carbonated Soft Drink market. The bottles segment is projected to register the fastest growth rate over the estimated period. Soft drink manufacturers use various strategies, product innovations, to build on their customer bases.

“Amongst Distribution Channel, Food service outlets holds significant market share in 2020.”

Based on Distribution Channel, the Carbonated Soft Drink market is segmented into supermarkets and hypermarkets, convenience stores and gas stations, food service outlets, online stores and others. Food service outlets holds the highest share in the Carbonated Soft Drink market. The global carbonated soft drink market is broadly categorized into soft drinks and sports & energy drinks. The rapidly surging demand for carbonated drinks in a variety of unique flavors is a key factor behind the growth of this segment.

“North America represents as the largest market.”

For a better understanding of the market adoption of Carbonated Soft Drink, the market is analyzed for the countries such as North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia- Pacific), & Rest of World. North America dominated the market in 2020. The high and growing global population, shelf-stable innovations, eco-friendly packaging, made with clean, renewable materials, and fewer preservatives and chemicals, etc. all contribute to the North American region's big proportion. The United States is also home to the great majority of worldwide players, making it a hotbed of innovation in the Carbonated Soft Drink business.

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• Deep dive regional & country-level analysis of the industry