Carbonated Soft Drink Market:
Growth opportunities in the Carbonated Soft Drink Market look promising over the next six years. This is mainly due to the remarkable switch in consumer’s choice in the favour of functional food products and expanding health awareness in individuals.
Carbonated Soft Drink Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing inclination of individuals towards convenience food items is one of the major drivers proliferating the growth of the global carbonated soft drinks market. Also, modern consumers largely focus on comfort, thereby a huge part of their everyday purchases include single grab and go products instead of traditional tendency of buying items in bulk. In addition, the augmenting health awareness in individuals has raised the demand for natural, low calorie and sugar free ingredients in beverages which include stevia rather than synthetic or conventional sweeteners. These drinks are primarily designed to match the taste and flavour preferences of consumers. Moreover, individuals these days choose for carbonated drinks to serve them as functional beverages. The expanding apprehension about health and nutrition coupled with the mounting campaigns for fitness and wellness have further bolstered the market growth. However, enormous harmful impacts of these drinks on consumer’s health will hinder the market growth. These drinks have immense quantity of sugar and specific acids which can cause several health impacts.
Distribution Channel Segment Drivers
Based on the distribution channel, supermarkets & hypermarkets are projects to witness a higher CAGR during the forecast period. This is because of the shopping experience provided by these stores. The accelerating income level with the rising urban population urbanization is bolstering the market growth. On the other hand, online stores are expected to lead the market over the forecast period. This is mainly attributed to the surging number of online retailers who offer competitive pricing. Additionally, the growing reliability of generation X, millennials, and generation Z on the internet and e-commerce contributes to the market growth.
Regional Drivers
Based on the region, North America is predicted to dominate the market during the forecast period. The United States is one of the topmost countries with a prevalence of massive market players such as The Coca Cola Co., PepsiCo. Furthermore, the aggravating demand for processed drinks and foods, accompanied by the soaring demand of carbonated drinks in young generation, willdrive the market growth. Moreover, the easy accessibility of low-calorie drinks led by the increasing incidences of obesity and diabetes, is further supplementing the market share..
Carbonated Soft Drink Market’s leading Manufacturers:
- SodaStream International Ltd.
- PEPSICO
- Monster Energy Company
- JONA SODA CO.
- COCA-COLA FEMSA
- Refresco
- National Beverage Corp.
- Keurig Dr Pepper Inc
- Danone
- Anadolu Grubu
Carbonated Soft Drink Market Segmentation:
Segmentation by Flavor
- Cola
- Citrus
- Others
Segmentation by Distribution Channel
- Hypermarkets & Supermarkets
- Convenience stores & Gas Stations
- Food Services Outlets
- Online Stores
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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