Austin, TX, USA, May 17, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Carbonated Beverages Market Size, Trends and Insights By Product Type (Cola Drinks, Flavoured Carbonated Drinks, Diet and Zero Calorie Beverages), By Packaging Type (Cans, Bottles, PET Bottles), By Distribution Channel (Retail Stores, Supermarkets, convenience stores, hypermarkets., Online Retail, On Premise Outlets (E.g Restaurants, cafes, and vending machines), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Carbonated Beverages Market size & share was valued at approximately USD 472.37 Billion in 2023 and is expected to reach USD 496.46 Billion in 2024 and is expected to reach a value of around USD 771.3 Billion by 2033, at a compound annual growth rate (CAGR) of about 5.60% during the forecast period 2024 to 2033.”
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Carbonated Beverages Market: Overview
Carbonated beverages, infused with carbon dioxide, exhibit a characteristic fizz and tangy taste. This process involves pressurized injection of carbon dioxide into the liquid, resulting in the dissolution of gas into the water, and upon pressure release, the formation of bubbles.
One significant driver for the global carbonated beverages market is the shift in consumer preferences towards healthier options. The awareness of health risks associated with high sugar and calorie intake has led consumers to seek alternatives. Many manufacturers are responding to this trend by introducing low-calorie, sugar-free, and naturally flavored products.
Governments and health organizations globally are promoting healthier lifestyle choices, impacting consumer demand for beverages with reduced sugar content. This has spurred the development and marketing of carbonated beverages with natural sweeteners like stevia or fruit extracts.
Continuous innovation in flavors and packaging plays a crucial role in driving the carbonated beverages market. Manufacturers invest in research and development to introduce unique and exotic flavors that cater to diverse consumer tastes.
Advancements in packaging technology, particularly eco-friendly options like recyclable cans and bottles, have gained popularity due to increased environmental awareness. Government initiatives promoting sustainable practices further accelerate the adoption of eco-friendly packaging in the market.
However, health concerns and regulatory restrictions pose significant restraints for the carbonated beverages market. The growing awareness of health risks associated with excessive sugar consumption has led governments worldwide to implement strict regulations and taxes on high-sugar beverages.
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For instance, Mexico’s sugar tax resulted in a significant reduction in sales volume. Health organizations recommend limiting sugar intake to address issues such as obesity and diabetes, prompting governments to consider stringent measures. Reformulating products to meet health standards while maintaining taste presents a challenge for manufacturers.
Intense competition and market saturation are additional challenges for the carbonated beverages market. The market’s high competitiveness, with numerous global and regional players, leads to price wars and reduced profit margins. Established brands with strong distribution networks and marketing capabilities pose challenges for smaller players. The emergence of alternative beverage categories diverts consumer preferences away from traditional carbonated beverages, necessitating innovation and differentiation for sustained growth.
On the flip side, there are opportunities for the carbonated beverages market, such as the rising demand for non-alcoholic refreshments. The global trend towards non-alcoholic beverages aligns well with carbonated beverages, offering a versatile choice for consumers seeking refreshing and non-alcoholic options. As health and wellness awareness grows, consumers look for alternatives to sugary and alcoholic drinks, presenting a significant opportunity for carbonated beverages.
The expanding middle-class population in emerging markets is another lucrative opportunity. With rising disposable incomes in countries like India, China, and Brazil, consumers in these markets are inclined to spend on lifestyle products, including beverages. The expanding middle-class demographic seeks diverse and indulgent options, providing a substantial market for carbonated beverages. Manufacturers can strategically target these emerging markets with tailored marketing and distribution strategies.
The global carbonated beverages market is segmented by product type, packaging type, and distribution channels. Flavored Carbonated Drinks held the largest market share in 2022, appealing to a wide range of consumers with various flavor preferences. The Diet and Zero Calorie Beverages segment is the fastest-growing, driven by increasing health consciousness among consumers.
In terms of packaging type, PET Bottles held the largest market share in 2022. It is known for its convenience, lightweight, and recyclability. The Cans segment is the fastest-growing, driven by factors like portability, convenience, and the trend towards sustainability.
Distribution channels in the carbonated beverages market include Retail Stores, Supermarkets, Convenience Stores, Hypermarkets, Online Retail, and On-Premise Outlets (e.g., Restaurants, Cafes, Vending Machines). Supermarkets held the highest market share in 2022, offering a wide variety of carbonated beverages for convenient shopping experiences. The Online Retail segment is expected to be the fastest-growing, reflecting the ongoing trend of online shopping.
Regionally, North America led the carbonated beverages market in 2022, attributed to the established presence of major beverage giants, strong brand loyalty, and continuous product innovations. Asia Pacific emerges as the fastest-growing market, driven by a large and increasingly affluent population, rapid urbanization, and changing lifestyles. Beverage companies in the region capitalize on the trend by introducing innovative flavors and packaging options.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 496.46 Billion |
Projected Market Size in 2033 | USD 771.3 Billion |
Market Size in 2023 | USD 472.37 Billion |
CAGR Growth Rate | 5.60% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Product Type, Packaging Type, Distribution Channel and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Carbonated Beverages report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Carbonated Beverages report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed Carbonated Beverages Market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Acai Berry industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players ate studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players’ profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.
Recent developments in the carbonated beverages market include product launches like PepsiCo’s Zero Sugar Cream Soda Cola and Zero Sugar Pepsi 18 Week Pack, Coca-Cola’s creation of the first Metaverse beverage “Coca Cola Zero Sugar Byte,” and PepsiCo’s introduction of Soulboost Sparkling Water. Collaborations like Coca-Cola’s partnership with Starbucks for Ready-to-Drink Coffee Beverages showcase the industry’s dynamism and response to evolving consumer trends.
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Key questions answered in this report:
- What is the size of the Carbonated Beverages market and what is its expected growth rate?
- What are the primary driving factors that push the Carbonated Beverages market forward?
- What are the Carbonated Beverages Industry's top companies?
- What are the different categories that the Carbonated Beverages Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Carbonated Beverages market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Carbonated Beverages Market: Regional Analysis
North America held the leading market share for carbonated beverages in 2022. The established presence of major beverage giants, strong brand loyalty, and continuous product innovations contribute to North America’s leadership in the industry.
In North America, consumer preferences for carbonated drinks are deeply ingrained, and the market has shown adaptability to changing trends by introducing low calorie and natural alternatives. Additionally, the region’s well developed distribution channels and robust marketing strategies contribute to the sustained dominance of North America in the global carbonated beverages market.
Asia Pacific is emerging as the fastest growing market for carbonated beverages. Several factors contribute to this growth. The region’s large and increasingly affluent population, coupled with rapid urbanization, has led to a significant rise in disposable income and changing lifestyles. As a result, there is an increased demand for convenience products, including carbonated beverages.
Moreover, the youth population in countries like India and China has a strong affinity for carbonated drinks, contributing to sustained growth. Beverage companies in the Asia Pacific region have capitalized on this trend by introducing a wide range of innovative flavors and packaging options, targeting the preferences of the younger demographic.
Additionally, the market in Asia Pacific benefits from a less saturated and more open landscape, allowing for new entrants and increased competition. Local and international players alike are investing in marketing strategies, product development, and distribution networks to capture the growing consumer base.
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Browse the full “Carbonated Beverages Market Size, Trends and Insights By Product Type (Cola Drinks, Flavoured Carbonated Drinks, Diet and Zero Calorie Beverages), By Packaging Type (Cans, Bottles, PET Bottles), By Distribution Channel (Retail Stores, Supermarkets, convenience stores, hypermarkets., Online Retail, On Premise Outlets (E.g Restaurants, cafes, and vending machines), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/carbonated-beverages-market/
List of the prominent players in the Carbonated Beverages Market:
- The Coca-Cola Company
- PepsiCo Inc.
- Refresco Group
- Suntory Holdings Limited
- National Beverage Corp.
- Asahi Group Holdings
- Tru Blu Beverages
- F&N Foods Pte Ltd
- Bickford’s Australia
- Parle Agro
- ANADOLU GRUBU A.Åž.
- Danone
- JONES SODA CO.
- Keurig Dr Pepper Inc.
- Monster Energy Company
- SODASTREAM INTERNATIONAL LTD.
- Others
These key players are adopting various organic and inorganic growth strategies such as M&A, joint ventures, collaborations, strategic alliances, expansion, and new product launches among others to increase their revenues and business operations.
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The Carbonated Beverages Market is segmented as follows:
By Product Type
- Cola Drinks
- Flavoured Carbonated Drinks
- Diet and Zero Calorie Beverages
By Packaging Type
- Cans
- Bottles
- PET Bottles
By Distribution Channel
- Retail Stores
- Supermarkets
- convenience stores
- Online Retail
- On Premise Outlets (E.g Restaurants, cafes, and vending machines)
Click Here to Get a Free Sample Report of the Global Carbonated Beverages Market @ https://www.custommarketinsights.com/report/carbonated-beverages-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Carbonated Beverages Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Carbonated Beverages Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Carbonated Beverages Market? What Was the Capacity, Production Value, Cost and PROFIT of the Carbonated Beverages Market?
- What Is the Current Market Status of the Carbonated Beverages Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Carbonated Beverages Market by Considering Applications and Types?
- What Are Projections of the Global Carbonated Beverages Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Carbonated Beverages Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Carbonated Beverages Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Carbonated Beverages Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Carbonated Beverages Industry?
Click Here to Access a Free Sample Report of the Global Carbonated Beverages Market @ https://www.custommarketinsights.com/report/carbonated-beverages-market/
Reasons to Purchase Carbonated Beverages Market Report
- Carbonated Beverages Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Carbonated Beverages Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Carbonated Beverages Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Carbonated Beverages Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Carbonated Beverages market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Carbonated Beverages market analysis.
- The competitive environment of current and potential participants in the Carbonated Beverages market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Carbonated Beverages market should find this report useful. The research will be useful to all market participants in the Carbonated Beverages industry.
- Managers in the Carbonated Beverages sector are interested in publishing up-to-date and projected data about the worldwide Carbonated Beverages market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Carbonated Beverages products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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