The Global Carbonated Soft Drink Market size is expected to reach $281 billion by 2026, rising at a market growth of 6.6% CAGR during the forecast period. Carbonated soft drinks are commonly consumed drinks that contain carbonated water, organic additives, sweetener, and synthetic flavoring substances. The added sweetener in the carbonated drinks has some mixed ingredients such as high quantity of sugar, high fructose like corn syrup, and fruit extracts. In some drinks, an additional artificial flavored sugar substance is also added to the drink to make it a diet drink. The carbonated soft drinks may also contain coloring substances, preservatives, caffeine, and many more ingredients. The category of carbonated soft drinks also includes ice teas, fruit drinks, and other non-alcoholic drinks.
The increasing sale of carbonated soft drinks on the retail channels is because of the various product developments regarding the different varieties available in the market and the inclination of the consumers. The availability of the products across the well-spread large-scale food providers helps in increasing the reach of the product to the global level. The global carbonated soft drink market is expected to witness a substantial CAGR over the forecast years. This growth will offer various opportunities for the key market players to invest more in research and development in order to increase the range of the product in the market, hence contributing to the market growth.
The high consumption of carbonated soft drinks on the regular basis leads to health issues like dental problems, diabetes, and overweight. Moreover, the dynamic business strategies implemented by the key market players in the form of advertisement in print and digital media are among the main factors that will propel the growth of the carbonated soft drink market during the forecast years.
Based on Flavor, the market is segmented into Cola, Citrus and other flavors. Under the carbonated soft drink market, the cola flavor is anticipated to show highest revenue share of the global carbonated soft drink market in the forecast period. Cola flavor is among the most commonly consumed flavor of carbonated drinks, which recorded the maximum market share in the last decade. Moreover, the increasing innovation by the companies in developing new products like diet drinks or low-calorie drinks is estimated to continue the popularity in the cola flavor category during the forecast period.
Based on Distribution Channel, the market is segmented into Hypermarkets, Supermarkets & Mass Merchandisers, Convenience Stores, Food Service Outlets, Online and others. The online platforms channel would show exponential growth rate during the forecast period. The e-commerce platforms which provide carbonated beverages directly to the customers are Target, Walmart, Amazon, Burger Boss, Kroger, and Publix.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 198 Billion |
| Market size forecast in 2026 | USD 281 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 6.6% from 2020 to 2026 |
| Number of Pages | 181 |
| Number of Tables | 283 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Flavor, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America dominated the market in 2019. The Middle East & Africa region is anticipated to witness the promising growth rate during the forecast period. This region has recorded the increasing adoption of the products and countries like Kenya and Nigeria are leading the industry. The young population, increasing urbanization, booming financial sectors, and the key manufacturers are observing the region for their product penetration, which can lead to the rapid growth of the carbonated soft drink market.
Free Valuable Insights: Global Carbonated Soft Drink Market to reach a market size of $281 billion by 2026
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Danone S.A., PepsiCo, Inc., and The Coca Cola Company are the forerunners in the Carbonated Soft Drink Market. Companies such as Keurig Dr Pepper, Inc., Monster Beverage Corporation, and Refresco Group B.V., Jones Soda Co. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone S.A., Keurig Dr Pepper, Inc., The Coca Cola Company, Monster Beverage Corporation, PepsiCo, Inc., National Beverage Corporation, Refresco Group B.V. (Histogram, Ltd.), Jones Soda Co., Suntory Beverage & Food Limited, and Britannia Industries Limited.
By Flavour
By Distribution Channel
By Geography
The global carbonated soft drink market size is expected to reach $281 billion by 2026.
The major factors that are anticipated to drive the carbonated soft drink industry include increasing demand for Zero Calorie Carbonated Drinks.
Danone S.A., Keurig Dr Pepper, Inc., The Coca Cola Company, Monster Beverage Corporation, PepsiCo, Inc., National Beverage Corporation, Refresco Group B.V. (Histogram, Ltd.), Jones Soda Co., Suntory Beverage & Food Limited, and Britannia Industries Limited.
The Food Service Outlets market dominated the Global Carbonated Soft Drink Market by Distribution Channel 2019.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 