Carbonated Soft Drinks Market Is Estimated To Record a CAGR of Around 4.97% During The Forecast Period
Evolve Business Intelligence has published a research report on the Global Carbonated Soft Drinks Market, 2023–2033. The Global Carbonated Soft Drinks market is projected to exhibit a CAGR of around 4.97% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Carbonated Soft Drinks Market: ANADOLU GRUBU A.Åž., Danone, JONES SODA CO, Keurig Dr. Pepper Inc, Monster Energy Company, National Beverage Corp, PepsiCo, Refresco Group, SUNTORY BEVERAGE & FOOD LIMITED, The Coca-Cola Company.
Market Highlights
Global Carbonated Soft Drinks market is projected to be valued at USD 412.33 Billion by 2033, recording a CAGR of around 4.97% during the forecast period.
Carbonated soft drinks, often abbreviated as CSDs, are beverages that contain carbon dioxide dissolved in water, creating effervescence or bubbles. They are commonly referred to as sodas, pop, or fizzy drinks. Carbonated soft drinks typically include various flavorings, and sweeteners (such as sugar or high-fructose corn syrup), and may contain caffeine and other additives. The carbonation process gives these drinks their characteristic bubbly and refreshing quality. They come in a wide range of flavors, including cola, lemon-lime, orange, root beer, and many more. Carbonated soft drinks are widely popular and are commonly sold in cans, bottles, or fountain dispensers in restaurants, convenience stores, and supermarkets worldwide. However, due to their high sugar content, some carbonated soft drinks have been associated with health concerns, leading to the emergence of diet and zero-calorie options with artificial sweeteners to cater to health-conscious consumers.
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The COVID-19 pandemic had a profound and transformative impact on the Carbonated Soft Drinks market. As governments implemented strict lockdown measures and consumers became more health-conscious during the pandemic, the demand for carbonated soft drinks experienced a notable decline. With many people staying at home and restaurants operating at limited capacity, the out-of-home consumption of these beverages dropped significantly. Additionally, the closure of entertainment venues, sports events, and movie theaters further contributed to the reduced consumption of carbonated soft drinks, which are commonly sold at such venues. In response to shifting consumer preferences towards healthier options, there was an increased demand for low-sugar or zero-calorie variants and drinks with natural ingredients. This trend compelled major beverage companies to reevaluate their product portfolios and invest in healthier alternatives. The pandemic also accelerated the rise of e-commerce and online grocery shopping, prompting companies to focus on digital sales channels.
Segmental Analysis
The Global Carbonated Soft Drinks market has been segmented based on Type, and Distribution Channel.
Based on the Type, the Carbonated Soft Drinks market is segmented into Standard, Diet, Fruit Flavored Carbonates, and Others. The Standard segment is expected to have a larger market share throughout the forecast period.
Based on Distribution Channel, the global Carbonated Soft Drinks market has been divided into Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Stores, Other. The Hypermarkets/Supermarkets segment is anticipated to dominate the market.
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Regional Analysis
The Carbonated Soft Drinks market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America region includes the U.S. and Canada, where carbonated soft drinks have been popular for decades and are deeply ingrained in the culture. However, health concerns and shifting consumer preferences have led to a decline in soda consumption in recent years. Countries in Europe have historically been significant consumers of carbonated soft drinks, with various popular brands and flavors available in the market. Similar to North America, health-conscious trends have impacted soda sales in some parts of the region. Asia-Pacific region has witnessed rapid growth in the consumption of carbonated soft drinks, driven by the increasing population, rising disposable incomes, and urbanization. Countries such as China and India are major markets for these beverages. South America Carbonated soft drinks have also been popular in countries across South America, with unique local flavors and preferences. However, the market has faced challenges due to economic fluctuations and health concerns. The Middle East & Africa region has shown a growing interest in carbonated soft drinks, influenced by expanding urbanization, increasing middle-class population, and changing lifestyles. However, health concerns have also affected consumption patterns in some areas.
