Carbonated Soft Drink Market

Introduction of the Carbonated Soft Drink Market Report

Carbonated soft drink is referred to as sweet, non-alcoholic effervescent beverages. These drinks have very popular among children and individuals with a sweet tooth since they often contain a high level of sugar and taste almost candy-sweet. The global carbonated soft drink market covers various flavors, including Cola, citrus, and others.

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Market Dynamic

Key Drivers and Emerging Trends

One of the key drivers that is surging the growth of the global carbonated soft drinks market includes the significant shift in the consumer’s preference towards convenience food products. Modern consumers are emphasizing on convenience; therefore, a large part of the everyday purchase include single grab-and-go products instead of the conventional bulk buying products. Moreover, the increasing health awareness has further surged the demand for natural, low-calorie, and low-sugar ingredients in the beverages such as stevia sweeteners rather than conventional or synthetic sweeteners. The carbonated soft drinks are specially designed to suit consumer’s tastes and flavor preferences. Individuals are opting for carbonated soft drinks to serve it in the form of functional beverages. In addition to this, the increasing health concerns along with the growing health & fitness campaigns are further contributing to the market growth.

Restraint in the Carbonated Soft Drink Market

However, the various detrimental effects of carbonated soft drinks on consumer’s health is a major factor that is hampering the market growth. Carbonated soft drinks contain a high amount of sugar and specific acids that can result in several health impacts.

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Flavour – Segment Analysis

Based on the flavour, the cola segment is expected to grow at a higher CAGR during the forecast period. The cola flavored carbonated soft drinks have various dominance in the market. In 2020, HI-CHEW introduced Soda Pop Mix in cola flavor. The soda has a refreshing flavor that has surged the demand for unique, innovative, and non-traditional soft drinks among consumers. The candy lovers are celebrating this effervescent experience that can be matched by a thirst-quenching sip of soda. It honors the traditional soda presenting the refreshing and fizzy taste of the classic. On the other hand, the citrus segment is projected to dominate the market over the forecast period. In 2020, Rapscallion Soda launched the S-01 Rhubarb. The carbonated soft drink is fortified with citrus flavors. The low-calorie drink is sustainable, has a slightly sour taste, and is composed of grapefruit zest, cane sugar, Scottish Rhubarb, and Sichuan pepper.

Distribution Channel – Segment Analysis

Based on the distribution channel, the supermarkets & hypermarkets segment is anticipated to grow at a higher CAGR during the forecast period. Various individuals prefer to opt for soft drinks from the supermarkets and general merchandisers owing to the shopping experience provided by these stores. The growing income level, along with the rapid urbanization, has further encouraged the development of supermarkets and hypermarkets at the global level. On the other hand, the online store segment is projected to dominate the market over the forecast period. The rising number of online retailers who provide competitive pricing is a key driver that is contributing to the segment growth. Additionally, the rising dependency of generation X, millennials, and generation Z on the internet and e-commerce is further helping the market to grow.

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Regional – Segment Analysis:

Based on the region, North America region is expected to lead the market during the forecast period. The US is one of the leading countries which has a large number of market players such as The Coca Cola Co., PepsiCo., among others. The increasing demand for processed beverages and foods, followed by the surging demand for carbonated soft beverages among the young generation, are the two major factors that are driving the market growth over the coming years. Moreover, the increasing availability of low-calorie carbonated soft drinks owing to the rising health concerns, including obesity and diabetes, is further surging the market growth.

Top Market Players

Various notable players operating in the market include Anadolu Grubu, COCA-COLA FEMSA, Danone, JONA SODA CO., Keurig Dr Pepper Inc., Monster Energy Company, National Beverage Corp., PEPSICO, Refresco, and SodaStream International Ltd., among others. 

Key Developments:

• • In 2021, PepsiCo introduced two new products included in its carbonated soft drinks category, known as Major Melon Zero Sugar and Mtn Dew Major Mlon. The company is also offering a nostalgic taste to its customers through its new carbonated soft drink product.

Segments covered in the Report:

The global Carbonated Soft Drink market has been segmented on the basis of Flavor, Distribution Channel, and regions. Based on Flavor, the market is segmented into Cola, Citrus, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience stores & Gas Stations, Food Services Outlets, Online Stores, and Others. 

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Key questions answered in this research report:

• • At what pace is global Carbonated Soft Drink market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Carbonated Soft Drink market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Carbonated Soft Drink market?
  • Which Flavor generated maximum revenues in 2019 and identify the most promising Flavor during the forecast period?
  • What are the various Distribution Channel areas of global Carbonated Soft Drink market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Flavor, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Anadolu Grubu, COCA-COLA FEMSA, Danone, JONA SODA CO., Keurig Dr Pepper Inc., Monster Energy Company, National Beverage Corp., PEPSICO, Refresco, and SodaStream International Ltd., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Carbonated Soft Drink Market by Flavor

• • Cola
  • Citrus
  • Others

Global Carbonated Soft Drink Market by Distribution Channel

• • Hypermarkets & Supermarkets
  • Convenience stores & Gas Stations
  • Food Services Outlets
  • Online Stores
  • Others

Global Carbonated Soft Drink Market by Region

• • North America Carbonated Soft Drink Market (Option 1: As a part of the free 25% customization)
    • North America Carbonated Soft Drink Market by Flavor
    • North America Carbonated Soft Drink Market by Distribution Channel
    • US Carbonated Soft Drink Market All-Up
    • Canada Carbonated Soft Drink Market All-Up
  • Europe Carbonated Soft Drink Market (Option 2: As a part of the free 25% customization)
    • Europe Carbonated Soft Drink Market by Flavor
    • Europe Carbonated Soft Drink Market by Distribution Channel
    • UK Carbonated Soft Drink Market All-Up
    • Germany Carbonated Soft Drink Market All-Up
    • France Carbonated Soft Drink Market All-Up
    • Spain Carbonated Soft Drink Market All-Up
    • Rest of Europe Carbonated Soft Drink Market All-Up
  • Asia-Pacific Carbonated Soft Drink Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Carbonated Soft Drink Market by Flavor
    • Asia-Pacific Carbonated Soft Drink Market by Distribution Channel
    • China Carbonated Soft Drink Market All-Up
    • India Carbonated Soft Drink Market All-Up
    • Japan Carbonated Soft Drink Market All-Up
    • Rest of APAC Carbonated Soft Drink Market All-Up
  • RoW Carbonated Soft Drink Market (Option 4: As a part of the free 25% customization)
    • RoW Carbonated Soft Drink Market by Flavor
    • RoW Carbonated Soft Drink Market by Distribution Channel
    • Brazil Carbonated Soft Drink Market All-Up
    • South Africa Carbonated Soft Drink Market All-Up
    • Saudi Arabia Carbonated Soft Drink Market All-Up
    • UAE Carbonated Soft Drink Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Carbonated Soft Drink Market All-Up

Major Players Operating in the Carbonated Soft Drink (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Anadolu Grubu
  • COCA-COLA FEMSA
  • Danone
  • JONA SODA CO.
  • Keurig Dr Pepper Inc.
  • Monster Energy Company
  • National Beverage Corp.
  • PEPSICO
  • Refresco
  • SodaStream International Ltd.