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Global Soft Drinks Market Size, Price, Trends, Forecast: By Product: Carbonated, Non-carbonated, Energy and Sports Drinks; By Type: Low/No Calorie, Regular, Mid Calorie; By Packaging: Plastic Bottle, Metal Cans, Glass Bottle, Board Cartons and Boxes, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Soft Drinks Market Outlook
The global soft drinks market size reached approximately USD 461.26 billion in 2023. The market is further projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of USD 721.73 billion by 2032.
Key Trends in the Market
Soft drink is a class of non-alcoholic beverages that may be carbonated or non-carbonated and contain artificial or natural sweetening agents, flavouring agents, and edible acids, among others. These water-based flavoured beverages are produced by mixing dry ingredients and syrups with carbonated water or with the help of lacto-fermentation.
- Rising demand for low/no calorie beverages due to increasing weight-consciousness is a key trend aiding the soft drinks market growth. Low calorie beverages can reduce the overall calorie intake, contributing to weight maintenance and weight loss.
- Adoption of aggressive marketing and promotional strategies by major market players for brand promotion along with the increased availability of soft drinks across various distribution channels including online retail stores, convenience stores, and supermarkets and hypermarkets is aiding the market expansion.
- The demand for environmental friendly and sustainable solutions for packaging soft drinks is rising due to the growing environmental consciousness. Various consumers are opting for brands that deploy recyclable packaging materials to reduce wastes, bolstering the market growth.
Global Soft Drinks Market Analysis
On the basis of product, the market is divided into carbonated, non-carbonated, and energy and sports drinks. Based on type, the market is classified into low/no calorie, regular, and mid calorie. On the basis of packaging, the market is segregated into plastic bottle, metal cans, glass bottle, and board cartons and boxes, among others.
Based on distribution channel, the soft drinks market segmentation includes supermarket and hypermarket, convenience store, HoReCa, and online, among others. On the basis of region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global soft drinks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- PepsiCo, Inc.
- The Coca-Cola Company
- Nestlé S.A.
- Unilever Plc
- Asahi Group Holdings Ltd.
- Dr. Pepper Snapple Group
- Kofola Ceskoslovensko, A.S.
- Monster Beverage Corporation
- Arizona Beverages USA
- Britvic Plc
- Red Bull GmbH
- Other
Global Soft Drinks Market Share by Product
The non-carbonated segment is anticipated to witness significant growth over the forecast period, due to the rising consumer demand for healthier beverage options at reasonable costs. These beverages undergo pasteurisation to provide them protection against spoilage as they lack carbon dioxide and include sweetened and unsweetened tea, fruit punch, flavoured water, and lemonade, among others. Additionally, the segment growth is also being aided by the rising investments by key market players towards development of novel flavours.
Market Share by Region
North America is expected to account for a significant share of the market in the coming years, owing to the rising demand for low calorie and natural soft drinks due to increasing health concerns. The consumption of energy and sports drinks is also rising as energy drinks elevate attention, alertness, and energy as well as heart rate, blood pressure, and breathing. Meanwhile, sports drinks aid in replenishing electrolytes, glucose, and fluids lost during strenuous exercises, bolstering the soft drinks market demand.
Competitive Landscape
PepsiCo, Inc., a food and beverage services company is known for their diverse product portfolio that comprises of various food and beverage products, including soft drinks. The company is home to many global brands including Cheetos, Mountain Dew, SodaStream, and Pepsi Cola, among others.
The Coca-Cola Company, a beverage manufacturing company is headquartered in Georgia, United States and was founded in 1892. The company’s diverse portfolio includes brands such as Dasani Waters, Minute Maid, and Fanta.
Nestlé S.A., founded in 1866, is a food and beverage manufacturing company that is based in Vaud, Switzerland. The company specialises in soft drinks, ice creams, frozen food, infant nutrition, and confectionery, among others.
Other market players include Unilever Plc, Asahi Group Holdings Ltd., Dr. Pepper Snapple Group, Kofola Ceskoslovensko, A.S., Monster Beverage Corporation, Arizona Beverages USA, Britvic Plc, and Red Bull GmbH, among others.
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 Product |
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| Breakup by Type |
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| Breakup by Packaging |
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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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*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Soft Drinks Market Analysis
8.1 Key Industry Highlights
8.2 Global Soft Drinks Historical Market (2018-2023)
8.3 Global Soft Drinks Market Forecast (2024-2032)
8.4 Global Soft Drinks Market by Product
8.4.1 Carbonated
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-carbonated
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Energy and Sports Drinks
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Soft Drinks Market by Type
8.5.1 Low/No Calorie
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Regular
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Mid Calorie
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Soft Drinks Market by Packaging
8.6.1 Plastic Bottle
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Metal Cans
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Glass Bottle
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Board Cartons and Boxes
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Soft Drinks Market by Distribution Channel
8.7.1 Supermarket and Hypermarket
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Convenience Store
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 HoReCa
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Soft Drinks Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Soft Drinks 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 Soft Drinks 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 Soft Drinks 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 Soft Drinks 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 Soft Drinks 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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 PepsiCo, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 The Coca-Cola Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nestlé S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Unilever Plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Asahi Group Holdings Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Dr. Pepper Snapple Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kofola Ceskoslovensko, A.S.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Monster Beverage Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Arizona Beverages USA
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Britvic Plc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Red Bull GmbH
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Soft Drinks Market: Key Industry Highlights, 2018 and 2032
2. Global Soft Drinks Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Soft Drinks Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Soft Drinks Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Soft Drinks Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Soft Drinks Historical Market: Breakup by Packaging (USD Billion), 2018-2023
7. Global Soft Drinks Market Forecast: Breakup by Packaging (USD Billion), 2024-2032
8. Global Soft Drinks Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Soft Drinks Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Soft Drinks Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Soft Drinks Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Soft Drinks Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Soft Drinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Soft Drinks Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Soft Drinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Soft Drinks Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Soft Drinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Soft Drinks Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Soft Drinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Soft Drinks Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Soft Drinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Soft Drinks Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 461.26 billion in 2023.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 721.73 billion by 2032.
The major market drivers include introduction of novel flavours by key market players and rising popularity among millennials.
The key trends fuelling the growth of the market include increased consumption of low/ no calorie soft drinks and adoption of aggressive marketing and brand promotion strategies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The distribution channels for soft drinks include supermarket and hypermarket, convenience store, HoReCa, and online, among others.
The key players in the market are PepsiCo, Inc., The Coca-Cola Company, Nestlé S.A., Unilever Plc, Asahi Group Holdings Ltd., Dr. Pepper Snapple Group, Kofola Ceskoslovensko, A.S., Monster Beverage Corporation, Arizona Beverages USA, Britvic Plc, and Red Bull GmbH, among others.
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