What is Carbonated Beverage Market?
Carbonated beverages are a type of soft drink that contains carbon dioxide (CO2) dissolved in water, which creates a bubbly, effervescent texture. Common examples of carbonated beverages include soda, cola, tonic water, and sparkling water. These drinks often contain sweeteners, flavors, and other additives, and can be consumed on their own or mixed with alcohol. The carbonated beverage market refers to the global industry that produces and sells carbonated beverages. This market is highly competitive and includes a wide range of brands, from large multinational corporations to small, independent producers. The market is driven by consumer demand for refreshing, flavorful drinks that are convenient and affordable. The carbonated beverage market is characterized by a high degree of product innovation and marketing. Companies invest heavily in advertising, packaging, and product development to differentiate themselves from their competitors and appeal to consumers. Some of the key factors driving growth in the market include changing consumer preferences, the introduction of new flavors and packaging formats, and increased availability and distribution of these products in emerging markets. However, the market also faces challenges related to health concerns associated with sugary drinks, changing regulations and taxes, and environmental concerns related to the production and disposal of plastic bottles.
Highlights from Carbonated Beverage Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The Coca-Cola Company (United States), Cott Corporation (Canada), Nestea (Nestlé) (Switzerland), National Beverage Corp. (United States), PepsiCo (United States), Jones Soda (United States), AJE (Peru), Britvic (United Kingdom), Hamoud Boualem (Algeria), Drinko (Bangladesh) and Tru Blu Beverages (Australia) |
Market players are focusing on providing carbonated beverages with higher quality and complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced and attractive features to further offer qualified carbonated beverages. The market is fragmented owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings Besides, the numerous industry profits have led to the entry of new players, increasing the level of rivalry in the already competitive market
The Coca-Cola Company (United States), Cott Corporation (Canada), Nestea (Nestlé) (Switzerland), National Beverage Corp. (United States), PepsiCo (United States), Jones Soda (United States), AJE (Peru), Britvic (United Kingdom), Hamoud Boualem (Algeria), Drinko (Bangladesh) and Tru Blu Beverages (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Trend Drinks (Australia), Asahi Breweries (Japan), Nexba Beverages (Australia) and Parkers Organic (Australia). Carbonated Beverage Market Segmentation:
Scope | Sub-Segments |
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Type | Carbonated Beverage Regular, Carbonated Beverages Diet, Lemon/Lime Regular and Lemon/Lime Diet |
Sales Channel | Retail Store,Specialty Store,Online Store,Others |
Flavour Types | Cola,Lemon,Orange,Other |
End User | Restaurants,Hotels,Others |
On the basis of geography, the market of Carbonated Beverage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Key Manufacturers are Focusing on Innovative in Packaging of Products and Increasing Consumer Shift in their Preferences Toward Novel and Innovative Flavors
Market Growth Drivers:
Increasing Millennial Population in Developing Economies Coupled with the Growth in Disposable Income among Consumers and The Growth in Demand for Processed Food and Beverages with Rising Population in Developed Economies
Challenges:
Stringent Regulations on Plastics Usage in Packaging
Restraints:
Surging Number of Obesity Case Across the World
Opportunities:
The Growing Concerns over Consumer Health Worldwide and Manufacturers are Continuously Focusing on Producing Low-Calorie, Low-Sugar, or Diet Varieties of Beverages
Key Target Audience
Carbonated Beverage Producers, Raw Material Suppliers/Distributors, Carbonated Beverage Suppliers/Distributors, Packaging Component Providers, Government Regulatory Bodies, End User and Other
Market Leaders & Development Strategies
In February 2020, Keurig Dr. Pepper announced the acquisition of Core Nutrition, a premium bottled water and flavored water company, for USD 525 million.
In September 2022, Pepsico launched a new zero-sugar Pepsi 18-week pack. The product was launched during the season of football.