Carbonated Soft Drinks Market size, Share and growth
Carbonated Soft Drinks Market was worth USD 390.2 billion in 2019 and estimated to be growing at a CAGR of 2.83%, to reach USD 448.6 billion by 2024.
Carbonated Soft Drinks Market Overview:
Carbonated Soft Drinks Market was worth USD 390.2 billion in 2019 and estimated to be growing at a CAGR of 2.83%, to reach USD 448.6 billion by 2024. Soft drink is a beverage which consists of carbonated water or still water, a sweetening agents and flavouring substances. The sweeteners could be either natural or artificial. Depending on the type of drink it may contain caffeine, coloring agents, stabilizers, preservatives and other ingredients. Soft drink has a very high percentage of which leads to extra transportation charges and occupy excess places in warehouses.
Carbonated Soft Drinks Market Drivers and Restraints:
With rising urbanisation, there has been a change in the food habits of the younger generation which is a major factor for the growth of the market. The demand for carbonated soft drink has accelerated with the rising demand for processed food. Increased government scrutiny acts as a market obstacle in the forecast period. Due to the high sugar content, consumers are becoming conscious of consuming the carbonated soft drinks.
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Report segmented as
By Flavour:
• Cola
• Lime
• Orange
By Type:
• Standard
• Diet
• Fruit Flavoured Carbonates
By Distribution Channel:
• Supermarkets
• Independent Retailers
• Convenience Stores
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Geographical Analysis of Carbonated Soft Drinks Market:
On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Carbonated Soft Drinks market was dominated by Europe. Due to increasing obesity issues in North America, the consumption has started to fall. Asia Pacific is expected to grow at a high CAGR.
Important Key Players of Carbonated Soft Drinks Market:
The key international players operating in market includes Monster Beverage Corp., Britvic PLC, Parle Agro, PepsiCo Inc., the Coca-Cola Company, Cott Corporation, Dohler Group, Kraft Foods, Dr Pepper Snapple Group, Inc. and others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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