Report Ocean introduces a fresh report examining the ‘Global Carbonated Beverages Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
The growth of the carbonated beverages market is expected to be moderate, since the industry has matured in most of the regions across the world. The market is expected to reach a value of approximately USD 412.5 Billion by 2023, expanding at a compound annual growth rate (CAGR) of 2.8% during the 2018-2023 period.
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Type segment insights:
Type-wise, the standard category of sodas is the carbonated soft drink flavor, which has the biggest market share. However, with increasing awareness about the harmful effects of high sugar intake, consumers have started to decrease their soda consumption and shifted to diet and lower calorie variants of the same. Therefore, the share of diet carbonated drinks is expected to witness significant growth during the forecasted period. Fruit-flavored carbonated drinks are also very popular, with continued demand for flavors like lime-lemon and orange as refreshing drinks.
Sales channel segment insights:
Among the various sales channels for carbonated soft drinks, the hypermarkets, supermarkets, and general merchandisers segment dominated the market with a 40% share in 2018. However, it is expected to lose some ground to channels like food service and drinking establishments, convenience stores and gas stations, as well as online grocery shopping portals. The rising demand for high value, naturally-made soft drinks in exotic flavors, is expected to drive the inclusion of such premium drinks in the menus of restaurants across the world.
Regional insights:
North America is leading the way with regard to health consciousness, with many soft drink manufacturers participating in aggressive innovation in the low-sugar and no-calorie segment of the carbonated beverages market. Europe held approximately 34% of the global market in 2018, followed by the North American region with a 28% share. In the North American and European regions, the sale of carbonated beverages has experienced slower growth. Nonetheless, sales values have increased, especially in Europe, owing to the increased sale of premium and high-value products. Asia-Pacific, experiencing high urbanization, is anticipated to expand at the highest CAGR (5.8%) during the forecasted period. The Latin America, and the Middle East and Africa markets too are poised for growth.
Companies covered:
1. The Coca-Cola Company
2. PepsiCo Inc.
3. Dr Pepper Snapple
4. Cott Corporation
5. Asahi Soft Drinks
6. National Beverage Corp.
7. F&N Foods
8. Britvic PLC
9. Parle Agro
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Carbonated Beverages Market Report:
- What is the projected size of the global Carbonated Beverages market in 2032, and what growth rate is expected?
- What are the primary drivers of growth in the global Carbonated Beverages industry?
- What are the major market trends that are affecting the expansion of the Carbonated Beverages market?
- What obstacles must be overcome in order to achieve sustained growth in the Carbonated Beverages market?
- What opportunities and threats do vendors in the global Carbonated Beverages market face?
- What are the raw materials and manufacturing equipment used in the production of Carbonated Beverages, and what is the manufacturing process?
- What are the different types and applications of Carbonated Beverages, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Carbonated Beverages market?
- What factors are driving the growth of the Carbonated Beverages market in the top regions worldwide?
- Who are the major players in the global Carbonated Beverages market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Carbonated Beverages market?
- What are the main findings of a five forces analysis of the global Carbonated Beverages market?
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