Carbonated Soft Drink Market is expected to foresee significant growth. North America leads the Market!
- Himanshu Patni
- February 26, 2022
- CONSUMER GOODS, NEWS
- Carbonated Soft Drink Market, Carbonated Soft Drink Market growth, Carbonated Soft Drink Market share, Carbonated Soft Drink Market size
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Carbonated Soft Drink Market is expected to grow at a CAGR of around 5% over the forecast period (2021-2027). The Carbonated Soft Drink market is primarily driven by factors such as rising global population, shelf-stable innovations, eco-friendly packaging, made with clean, renewable materials, and fewer preservatives and chemicals, etc. The global carbonated soft drink market is projected to gain significant traction over the forecast timeframe, owing to some favorable factors. The growing demand for low-calorie, low-carb, and gluten-free beverages has encouraged manufacturers to introduce low-calorie or zero-calorie carbonated beverages, such as diet colas. The zero-calorie carbonated soft beverages are in high demand among fitness enthusiasts and the increasingly health-conscious consumers.
For a detailed analysis of the market drivers browse through – https://univdatos.com/report/carbonated-soft-drink-market/
In the most hopeful scenario, the COVID-19 pandemic would have a long-term positive impact on the global Ca Like peers across global food and beverages, the Carbonated soft drink Market has been hard hit by the global COVID-19 pandemic. Bottling and distribution remain largely open, although temporary closures have occurred in some regions. Short-term priorities are essential issues of employee and customer safety. Packaged water, coffee, dairy and juice have seen sharp increases in grocery channels across the US and Western Europe from mid-March 2020 as consumers stockpile essential products for an extended period of self-isolation (or quarantine) at home. Retailers have struggled to cope with demand in many FMCG categories, both in-store and online, although the direct-store-delivery (DSD) distribution model provides soft drinks producers with a logistical advantage.
While stockpiling behaviours are temporary, the industry must prepare for long-term changes in routine. These changes will likely involve more at-home daily beverage occasions, more focus on immune support ingredients and a rapid acceleration in adoption of grocery e-commerce across both food and beverages. For instance: According to a Survey, COVID-19 pandemic does not caused major impact on the carbonated soft drink market in the state of São Paulo, Brazil. The manufacturers reported increased income by more than 4% and the other FMCG sector was more affected than the beverage sector.
For a detailed analysis of the Covid-19 Impact on the market browse through – https://univdatos.com/report/carbonated-soft-drink-market/
Based on Flavour, the market is segmented into Cola, Lemon & Lime, Orange & Others. Of the different flavor segments, the cola segment leads the global market, accounting for over 50% of the overall market share in 2020. The rising demand for cola-flavored carbonated soft drinks worldwide is projected to boost this segment’s growth in the upcoming years. Manufacturers have been engaged in new product innovations, trying out new versions of the classic taste of Cola.
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. These innovations also boosting the market growth of the Carbonated Soft Drink.
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For a better understanding of the market adoption of Carbonated Soft Drink, the market is analyzed for the countries such as North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia- Pacific), & Rest of World. North America dominated the market in 2020. The high and growing global population, shelf-stable innovations, eco-friendly packaging, made with clean, renewable materials, and fewer preservatives and chemicals all contribute to the North American region’s big proportion.
Some of the major players operating in the market include Pepsico, Inc., The Coca-Cola Company, Postobón S.A., National Beverage Corp., Cott Corporation, F&N foods pte Ltd, Bickford’s Australia Pty Ltd, Suntory Holdings Ltd., Reeds Inc., Keurig Dr Pepper Inc., etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions
Carbonated Soft Drink Market Segmentation
Market Insight, by Flavour
- Lemon & Lime
- Orange & Others
Market Insight, by Packaging Type
Market Insight, by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience stores and gas stations
- Food service outlets
- Online stores and others
Market Insight, by Region
- North America Carborated Soft Drink Market
- United States
- Rest of North America
- Europe Carborated Soft Drink Market
- United Kingdom
- Rest of Europe
- Asia Pacific Carborated Soft Drink Market
- Rest of Asia-Pacific
- Rest of World Carborated Soft Drink Market
- PepsiCo, Inc.
- The Coca-Cola Company
- Postobón S.A.
- National Beverage Corp.
- Cott Corporation
- F&N Foods Pte Ltd
- Bickford’s Australia Pty Ltd
- Suntory Holdings Ltd.
- Reeds Inc.
- Keurig Dr Pepper Inc.