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Carbonated Beverages Market Size, Share & Growth Report 2031
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Carbonated Beverages Market Size, Share & Growth Report 2031

Segments - Carbonated Beverages Market by Types (Standard, Diet, Fruit Flavored Carbonates, and Others), Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-1888 | 4.2 Rating | 65 Reviews | 185 Pages | Format : PDF Excel PPT

Report Description


Carbonated Beverages Market Outlook

The Carbonated Beverages Market size was USD 442.07 Billion in 2022 and is likely to reach USD 629.20 Billion by 2031, expanding at a CAGR of 4% during 2023 - 2031. The growth of the market is attributed to the increasing preference for soda beverages businesses.

Carbonated beverages are introduced with pressurized carbon dioxide to offer effervescence or fizz in the beverage. Various types of carbonated beverages are available in the market such as carbonated water, tea, smoothies, and juices.

Carbonated Beverages Market Outlook

Soft drink intake is usually high in the summer and spring time. The innovation drives the market with introduction of various flavors. However, conventional flavors dominate the carbonated liquids marketplace. They are packaged liquids which are filled in bottles, cans, and PET bottles, and contains no alcohol content.

  • Increasing prevalence of serving carbonated drinks as a drink in numerous ready-to-eat restaurants and cafes is expected to boost the market growth during the forecast period.
  • Increasing younger population in emerging nations and growing disposable income are major factors fueling the market growth in the coming years.
  • Growing demand for low sugar and diet carbonated beverages amongst consumers due to growing adoption of healthy lifestyle is driving the market growth during the forecast period.
  • Strict guidelines on using plastics can probably restrict the worldwide carbonated beverages market, hampering the market growth.
  • Lack of awareness about the excessive sugar content material in carbonated drinks can result in diabetes, obesity, and calcium depletion. However, rising awareness about the essential ingredients can inhibit the market growth during the forecast period.
  • Increasing R&D investment and presence of low sugar carbonated beverages can create high revenue opportunities for the market players during the projected timeline.

Scope of Carbonated Beverages Market Report

The report on the global carbonated beverages market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Carbonated Beverages Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Standard, Diet, Fruit Flavored Carbonates, and Others) and Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

The Coca-Cola Company, PepsiCo Inc., Britvic PLC, National Beverage Corp, and F&N Foods Pte Ltd.

Global Carbonated Beverages Market Segment Insights

Fruit flavored carbonates segment is projected to hold a major market share

Based on types, the market is divided into standard, diet, fruit flavored carbonates, and others. The fruit flavored carbonates segment is expected to represent a key market share during the forecast period owing to busy lifestyles and emergence of ready-to-drink (RTD) drinks. Rising trend of clean-label, gluten-free, low-calorie and low-carb products has caused the elevation of the low-calorie RTD carbonated drinks.

Growing fitness awareness among purchasers has fueled the demand for low-calorie RTD carbonated drinks. For instance, in 2017, Diageo released a low-calorie Seltzer beneath its logo Smirnoff. The corporation additionally provides low-calorie RTD drinks that have low carbohydrates content and uses synthetic sweeteners. Product innovation is one of the prime strategies that maximum organizations are opting to enhance their revenue.

A wide variety of sports activities and power drink producers were including fizz to the beverage to create freshness. In June 2020, VPX Sports released Noo Fusion, a product line of carbonated ready-to-drink pre-exercise drinks, which enhances the performance.

Carbonated Beverages Market types

Supermarket segment is anticipated to expand at a substantial CAGR

On the basis of distribution channels, the carbonated beverages market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online retail, and others. The supermarkets segment is expected to hold a significant market share during the forecast period. The emergence of a large number of supermarket chains and the changing retail pattern around the world have increased sales of carbonated beverages through supermarket channels.

On the other hand, the convenience stores segment is anticipated to expand at a rapid pace during the forecast period. Nowadays, fast food restaurants and gas stations are selling premium drinks at affordable prices, which is attracting busy consumers by effectively responding to their lifestyles.

Carbonated Beverages Market by distribution channels

North America is expected to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period, followed by Europe, which occupies a considerable share of the global carbonated beverages market. Increasing demand for convenience foods and beverages are positively influencing the market in the region. However, rising obesity cases reported in the region have led to a continuous decline in demand for more than a decade. The market in Asia Pacific is expected to exhibit a high CAGR during the forecast period.

Carbonated Beverages Market Region

Segments

The global carbonated beverages market has been segmented on the basis of

Types

  • Standard
  • Diet
  • Fruit Flavored Carbonates
  • Others

Distribution Channels

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

Regions

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

Key Players

Competitive Landscape

Key players competing in the carbonated beverages market include The Coca-Cola Company, PepsiCo Inc., Britvic PLC, National Beverage Corp, and F&N Foods Pte Ltd.

Carbonated Beverages Market key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbonated Beverages Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Carbonated Beverages Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Carbonated Beverages Market - Supply Chain
  4.5. Global Carbonated Beverages Market Forecast
     4.5.1. Carbonated Beverages Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Carbonated Beverages Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Carbonated Beverages Market Absolute $ Opportunity
5. Global Carbonated Beverages Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Carbonated Beverages Market Size and Volume Forecast by Types
     5.3.1. Standard
     5.3.2. Diet
     5.3.3. Fruit Flavored Carbonates
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Carbonated Beverages Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Carbonated Beverages Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Carbonated Beverages Demand Share Forecast, 2019-2026
7. North America Carbonated Beverages Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Carbonated Beverages Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Carbonated Beverages Market Size and Volume Forecast by Types
     7.4.1. Standard
     7.4.2. Diet
     7.4.3. Fruit Flavored Carbonates
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Carbonated Beverages Demand Share Forecast, 2019-2026
8. Latin America Carbonated Beverages Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Carbonated Beverages Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Carbonated Beverages Market Size and Volume Forecast by Types
     8.4.1. Standard
     8.4.2. Diet
     8.4.3. Fruit Flavored Carbonates
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Carbonated Beverages Demand Share Forecast, 2019-2026
9. Europe Carbonated Beverages Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Carbonated Beverages Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Carbonated Beverages Market Size and Volume Forecast by Types
     9.4.1. Standard
     9.4.2. Diet
     9.4.3. Fruit Flavored Carbonates
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Carbonated Beverages Demand Share Forecast, 2019-2026
10. Asia Pacific Carbonated Beverages Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Carbonated Beverages Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Carbonated Beverages Market Size and Volume Forecast by Types
     10.4.1. Standard
     10.4.2. Diet
     10.4.3. Fruit Flavored Carbonates
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Carbonated Beverages Demand Share Forecast, 2019-2026
11. Middle East & Africa Carbonated Beverages Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Carbonated Beverages Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Carbonated Beverages Market Size and Volume Forecast by Types
     11.4.1. Standard
     11.4.2. Diet
     11.4.3. Fruit Flavored Carbonates
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Carbonated Beverages Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Carbonated Beverages Market: Market Share Analysis
  12.2. Carbonated Beverages Distributors and Customers
  12.3. Carbonated Beverages Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. The Coca-Cola Company
     12.4.2. PepsiCo Inc.
     12.4.3. Britvic PLC
     12.4.4. National Beverage Corp
     12.4.5. F&N Foods Pte Ltd.

Methodology

Our Clients

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