Global Carbonated Beverage Market Size, Share, Report, Trends, Growth, Key Players, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Carbonated Beverage Market Trends, 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.

Market Segmentation

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.

The major types of carbonated beverages are:

• Standard
• Diet
• Fruit Flavoured Carbonates
• Others

The market can be broadly categorised on the basis of distribution channel into:

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

The regional markets for carbonated beverage include:

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

Market Trends

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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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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