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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.
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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.
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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.
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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:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
Carbonated Beverage Market Report Snapshots
Carbonated Beverage Market Size
Carbonated Beverage Market Growth
Carbonated Beverage Market Trends
Carbonated Beverage Market Share
Carbonated Beverage Manufacturers
Carbonated Beverage Market Regional Analysis
*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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