The new report by Expert Market Research titled, ‘Global Carbonated Beverage Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global carbonated beverage market, assessing the market based on its segments like type, distribution channel, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 451 Billion
• Forecast CAGR (2023-2028): 5.28%
• Forecast Market Size (2027): USD 614.6 Billion
The growth of the global market for carbonated drinks is driven by the increasing demand and popularity of fast food among the young generation. Additionally, the rising pairing of various soft drinks with fast food by key fast-food corporations such as Mc Donald’s, KFC, and Burger King, among others is likely to propel the market growth further. Meanwhile, other factors such as growing disposable income, launching of new flavours, and penetration of e-commerce in food and beverage sector is projected to aid the market over the forecast period.
Carbonated beverages refer to sweet and non-alcoholic drinks with excess carbon dioxide dissolved in it. The beverage becomes fizzy or effervescent due to escape of small carbon dioxide bubbles after release in the pressure.
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The major types of carbonated beverages are:
• Fruit Flavoured Carbonates
The market can be broadly categorised on the basis of distribution channel into:
• Speciality Stores
• Convenience Stores
• Online Stores
The regional markets for carbonated beverage include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
North America is anticipated to have a considerable proportion of the global carbonated beverage industry. This is due to the rising demand for processed foods and beverages, as well as the existence of multiple players in the region. However, rising worries over excessive sugar content in soft drinks, which has resulted in a high prevalence of obesity, may stymie regional market expansion in the coming years. Meanwhile, Asia Pacific is expected to grow at the fastest rate over the projection period, owing to factors such as rising disposable incomes, laxer regulations, and increased investment by key players in countries such as China and India to extend their consumer base.
Key Market Players
The major players in the market are The Coca-Cola Company, PepsiCo Inc., Parle Agro Private Limited, National Beverage Corp., Tru Blu Beverages Pty Ltd and a few others.
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