Expert Market Research’s new report titled ‘Global Soft Drinks Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global soft drinks market, assessing the market based on its segments such as type , distribution channel and major regions like Asia Pacific, Europe, North America, Middle East & Africa and Latin America. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2021): 451 billion USD
• Forecast CAGR (2022-2027): 5.28%
• Forecasted market size (2027): 614.6 billion USD
The growth of the global soft drink market is driven by the rising demand and popularity of fast food among the younger generation. Additionally, the increasing association of various soft drinks with fast food by major fast food companies such as Mc Donald’s, KFC, and Burger King among others is likely to further propel the growth of the market. Meanwhile, other factors such as growth in disposable income, launch of new flavors and penetration of e-commerce in the food and beverage sector are expected to help the market during the forecast period.
Market segmentation
Soft drinks refer to sugary, non-alcoholic beverages containing excess dissolved carbon dioxide. The drink becomes fizzy or fizzy due to the escape of small bubbles of carbon dioxide after the pressure is released.
Read the full report with table of contents: https://tinyurl.com/y4h78pp8
The main types of soft drinks are:
• Standard
• Diet
• Fruit flavored carbonates
• Others
The market can be broadly classified on the basis of distribution channel into:
• Hypermarkets/Supermarkets
• Specialty stores
• Convenience stores
• Online stores
• Others
Regional soft drink markets include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market trends
North America is expected to account for a considerable share of the global soft drink industry. This is due to the growing demand for processed foods and beverages, as well as the existence of multiple players in the region. However, growing concerns over excessive sugar content in soft drinks, which has led to high prevalence of obesity, may hamper the expansion of the regional market in the coming years. Meanwhile, Asia-Pacific is expected to grow at the fastest rate over the projection period, driven by factors such as rising disposable incomes, looser regulations and increased investment by key players. in countries such as China and India to expand their consumer base.
Main market players
The major players in the market are The Coca-Cola Company, PepsiCo Inc., Parle Agro Private Limited, National Beverage Corp., Tru Blu Beverages Pty Ltd and a few others.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.
