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Global Carbonated Beverage Market Size, Share, Growth: 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 Outlook
The global carbonated beverage market attained a value of USD 500.26 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.3% to reach USD 795.09 billion by 2032.
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Growing Demand for Diet or Zero Calorie Carbonated Drinks owing to the Rising Health Consciousness to Aid the Carbonated Beverage Industry Growth
The increasing innovations and launch of new products like diet, sugar-free, and zero calorie beverages are leading to the growth of the carbonated beverage industry. The rising demand for and consumption of zero calorie carbonated drinks among the young population is driving the market growth.
Furthermore, these beverages can also be consumed by the health conscious consumers, which is driving the growth of the segment. Apart from this, the increasing consumer preference for ready-to-drink beverages is also expected to aid the growth of the market in the forecast period.
The Asia Pacific to Witness a Healthy Growth in the Forecast Period
Geographically, the Asia Pacific is expected to witness a significant growth in the forecast period owing to the increasing consumer disposable incomes and the presence of a large population in the region. The growing investments by the leading industry players to expand their consumer base in countries like India and China are expected to significantly contribute to the market growth.
Carbonated Beverage: Market Segmentation
Carbonated beverages are drinks that have carbon dioxide dissolved in them. They are generally sweet and non-alcoholic. When the pressure is released, carbon dioxide escapes the solution as small bubbles, which causes the solution to become effervescent, or fizzy. Some examples of such beverages are soft drinks, and sparkling water or seltzer water.
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The major types of carbonated beverages are:
- Standard
- Diet
- Fruit Flavoured Carbonates
- Others
The market can be broadly categorised on the basis of distribution channel into:
- Hypermarkets/Supermarkets
- Speciality Stores
- Convenience Stores
- Online Stores
- Others
The EMR report looks into the regional markets of carbonated beverage like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Innovations by Manufacturers and the Expansion of Online Channels to Augment the Carbonated Beverage Industry Growth
The growing investments by the leading companies to introduce innovative products are expected to drive the carbonated beverage industry growth globally. The companies are launching new flavours, keeping in mind the rising consumer concerns regarding health and wellness. Utilisation of natural ingredients, like stevia sweeteners, over synthetic ingredients by manufacturers is expected to enhance the sales of the product. In addition, advancements in technology and the advent of new packaging systems are also aiding the market. Moreover, the increasing penetration of the e-commerce industry and the growing consumer preference for online shopping are expected to provide a further impetus to the market in the forecast period.
Key Industry Players in the Global Carbonated Beverage Market
The report presents a detailed analysis of the following key players in the global carbonated beverage market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- The Coca-Cola Company
- PepsiCo Inc.
- Parle Agro Private Limited
- National Beverage Corp.
- Tru Blu Beverages Pty Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
In 2023, the global carbonated beverage market attained a value of nearly USD 500.26 billion.
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The major market drivers are rising disposable incomes, the growing retail sector, and the surging launches of innovative products such as sugar-free carbonated beverages.
The increasing demand for ready-to-drink beverages, the growing investments by leading companies to develop innovative flavours, and the rising utilisation of natural ingredients like stevia over synthetic ingredients in carbonated beverages are the key trends propelling the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of carbonated beverage in the market are standard, diet, and fruit flavoured carbonates, among others.
The major distribution channels in the carbonated beverage market are hypermarkets/supermarkets, speciality stores, convenience stores, and online stores, among others.
The major players in the market are The Coca-Cola Company, PepsiCo Inc., Parle Agro Private Limited, National Beverage Corp., and Tru Blu Beverages Pty Ltd, among others.
Analyst Review
The global carbonated beverage market attained a value of USD 500.26 billion in 2023, driven by the increasing innovations in product flavours. Aided by the growing technological advancements and increasing penetration of the e-commerce industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global carbonated industry can be segmented into standard, diet, and fruit flavoured carbonates, among others. On the basis of distribution channels, the market is categorised as hypermarkets/supermarkets, speciality stores, convenience stores, and online stores, among others. The major regional markets for carbonated beverage are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Coca-Cola Company, PepsiCo Inc., Parle Agro Private Limited, National Beverage Corp., and Tru Blu Beverages Pty Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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