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Carbonated Beverage Market

Global Carbonated Beverage Market Size, Share, Forecast: By Type: Standard, Diet, Fruit Flavoured Carbonates, Others; By Distribution Channel: Hypermarkets/Supermarkets, Speciality Stores, Convenience Stores, Online Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Carbonated Beverage Market Size

The global carbonated beverage market reached a value of approximately USD 500.26 billion in 2023. The market is projected to grow at a CAGR of 5.30% between 2024 and 2032, reaching a value of around USD 795.09 billion by 2032.

 

Carbonated Beverage Market Outlook

  • As per ABS, 14.8 million tonnes of food and non-alcoholic beverages have been consumed in Australia in 2022-2023.
  • According to the Eurostat, there have been 2,91,000 food and beverage processing enterprises in the EU in 2020.
  • As per Eurostat, in 2022, the value of soft drinks produced in Europe has been estimated to be €30.0 billion.

 

Global Carbonated Beverage Market

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Carbonated Beverage Market Growth Rate

Carbonated beverages are generally sweet and non-alcoholic. Some examples of such beverages are soft drinks, and sparkling water or seltzer water. In 2020, individuals in the EU spent €1,461 billion on food and drinks significantly elevating the consumption in the carbonated beverages market.

 

According to the data from Eurostat, the food and drink industry in France, Italy, and Spain have generated revenue of around €212.2 billion, €143.8 billion, and €127.5 billion respectively in 2020.

 

Key Trends and Developments

The growing need for ready-to-drink beverages, rising health consciousness, increasing investments in product marketing, and growing innovation in product flavours are the major trends impacting global carbonated beverage market growth.

 

February 20, 2024

Beverage startup Salud is launching its new ready-to-drink (RTD) line, Salud Viking. This RTD offering combines pure honey and all-natural ingredients, presenting a unique carbonated wine-in-a-pint format that introduces consumers to the ancient tradition of mead.

 

October 15, 2023

The Coca-Cola Company and Pernod Ricard revealed a global partnership to introduce Absolut Vodka & Sprite as a ready-to-drink pre-mixed cocktail in 2024.

 

October 04, 2023

Coca-Cola India has launched Coca-Cola® in rPET, available in pack sizes of 250 ml and 750 ml. These rPET bottles are being produced by Coca-Cola bottling partners, Moon Beverages Ltd., and SLMG Beverages Ltd.

 

May 30, 2023

The company has introduced additional variants and flavours under its Bisleri brand, including fizzy cola, orange, and jeera, marketed under the Rev, Pop, and Spyci Jeera sub-brands, respectively.

 

Growing need for Ready-to-drink beverages

The increasing need for convenience and accessibility among individuals grows demand for ready-to-drink (RTD) beverages as they expand their convenience catering to their needs and preferences.

 

Rising Health Consciousness

Market growth is fueled by new product launches like diet, sugar-free, and zero-calorie drinks, driven by increased demand among young and health-conscious consumers.

 

Increasing Investments in product marketing

Investments in marketing boost the carbonated beverage market by enhancing brand visibility, consumer demand, and differentiation, particularly with health and sustainability-focused campaigns.

 

Growing innovation in product flavours

Increasing innovation in product flavours can boost the carbonated beverage market by attracting new consumers and refreshing existing ones while catering to the preferences of consumers.

 

Carbonated Beverage Market Trends

Evolving consumer preferences broaden the appeal of carbonated beverages, attracting new consumers and increasing market demand, incorporating functional ingredients appeals to health-conscious consumers seeking beverages with added benefits beyond refreshment. Embracing natural and organic ingredients caters to consumers' preferences for healthier and more transparent product formulations.

 

The shift towards sustainable packaging reflects growing environmental concerns and resonates with eco-conscious consumers, contributing to brand loyalty. Additionally, the availability of carbonated beverages in convenient packaging formats such as single-serve bottles, cans, or pouches enhances accessibility and meets the needs of on-the-go consumers, further stimulating market demand.

 

Global Carbonated Beverage Market By Segment

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Carbonated Beverage Industry Segmentation

“Carbonated Beverage Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Type

  • Standard
  • Diet
  • Fruit Flavoured Carbonates
  • Others

 

Market Breakup by Distribution Channel

  • Hypermarkets/Supermarkets
  • Speciality Stores
  • Convenience Stores
  • Online Stores
  • Others

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa 

 

Carbonated Beverage Market Share

The increasing penetration of the e-commerce industry and the growing consumer preference for online shopping elevate the market demand.

Online channels offer expanded reach, direct consumer engagement, convenience, personalized marketing, and competitive e-commerce platforms. They drive market growth by reaching wider audiences, fostering brand loyalty, facilitating convenient purchases, tailoring marketing efforts, and encouraging innovation and competition.

 

Consumers prefer online channels for buying carbonated beverages due to their convenience, accessibility to diverse options, time-saving nature, personalised recommendations, access to reviews, promotional offers, and contactless shopping benefits, especially amid health concerns.

 

Based on type, diet beverages are gaining traction among individuals as it provides various health benefits significantly driving the carbonated beverages market growth.

Diet beverages are favoured for their reduced calorie count, making them attractive to health-conscious individuals seeking flavoured drinks without extra sugar or calories. They are especially popular with those focused on weight management.

 

Leading Manufacturers in the Carbonated Beverage Market

The companies manufacture, sell, and market other non-alcoholic beverage concentrates, syrups, and alcoholic beverages, and operate across all facets of the food and beverage industry.

 

The Coca-Cola Company: Tracing its roots to 1892, The Coca-Cola Company, headquartered in the United States, produces Coca-Cola, and manufactures, sells, and markets other non-alcoholic beverage concentrates, syrups, and alcoholic beverages.

 

PepsiCo Inc.: Founded in 1965, with its headquarters in the United States, PepsiCo Inc. is a food, snack, and beverage corporation that operates across all facets of the food and beverage industry.

 

Parle Agro Private Limited: Establishes in 1984, and situated in India, Parle Agro Private Limited operates under three main business segments: Beverages- fruit drinks, nectars, juice, and sparkling drinks; and Water, packaged drinking water.

 

National Beverage Corp.: Founded in 1985, with its headquarters in the United States, National Beverage Corp. develops, manufactures, and distributes flavoured soft drinks, with La Croix, Shasta, and Faygo being its most notable brands.

 

Other global carbonated beverage market key players are Tru Blu Beverages Pty Ltd, among others.

 

Global Carbonated Beverage Market By Region

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Carbonated Beverage Market Analysis by Region

The Asia Pacific region is projected to experience significant growth due to rising consumer disposable incomes and its large population. This growth will significantly boost the global carbonated beverage market size, as more consumers can afford and consume these products.

 

Major industry players are investing more to expand their consumer base in India and China, which is expected to significantly drive market growth as by reaching more consumers in these populous countries.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Distribution Channel
  • Region
Breakup by Type
  • Standard
  • Diet
  • Fruit Flavoured Carbonates
  • Others
Breakup by Distribution Channel
  • Hypermarkets/Supermarkets
  • Speciality Stores
  • Convenience Stores
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The Coca-Cola Company
  • PepsiCo Inc.
  • Parle Agro Private Limited
  • National Beverage Corp.    
  • Tru Blu Beverages Pty Ltd
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Carbonated Beverage Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Carbonated Beverage Historical Market (2018-2023) 
    8.3    Global Carbonated Beverage Market Forecast (2024-2032)
    8.4    Global Carbonated Beverage Market by Type
        8.4.1    Standard
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Diet
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Fruit Flavoured Carbonates
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Carbonated Beverage Market by Distribution Channel
        8.5.1    Hypermarkets/Supermarkets
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Speciality Stores
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Convenience Stores
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Online Stores
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Carbonated Beverage Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Carbonated Beverage Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Carbonated Beverage Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Carbonated Beverage Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Carbonated Beverage Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Carbonated Beverage Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     The Coca-Cola Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    PepsiCo Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Parle Agro Private Limited
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    National Beverage Corp.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Tru Blu Beverages Pty Ltd
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Carbonated Beverage Market: Key Industry Highlights, 2018 and 2032
2.    Global Carbonated Beverage Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Carbonated Beverage Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Carbonated Beverage Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5.    Global Carbonated Beverage Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6.    Global Carbonated Beverage Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Carbonated Beverage Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Carbonated Beverage Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Carbonated Beverage Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Carbonated Beverage Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Carbonated Beverage Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Carbonated Beverage Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Carbonated Beverage Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Carbonated Beverage Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Carbonated Beverage Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Carbonated Beverage Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Carbonated Beverage Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Carbonated Beverage Market Structure

Key Questions Answered in the Report

The market was valued at USD 500.26 billion in 2023.

The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.

The revenue generated from the carbonated beverage market is expected to reach USD 795.09 billion in 2032.

The market is categorised according to the type, which includes standard, diet, fruit flavoured carbonates, and others.

The market key players are The Coca-Cola Company, PepsiCo Inc., Parle Agro Private Limited, National Beverage Corp., and Tru Blu Beverages Pty Ltd among others.

Based on the end use, the market is divided into hypermarkets/supermarkets, speciality stores, convenience stores, online stores, and others.

The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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