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The latest report by IMARC Group, titled “Soft Drinks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global soft drinks market share. The global market size reached US$ 576.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 753.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Soft drinks, also known as carbonated beverages or sodas, are non-alcoholic beverages that encompass a wide range of flavored, sweetened, and carbonated liquids. These beverages are typically made from carbonated water, sweeteners such as sugar or high-fructose corn syrup, flavorings, and sometimes caffeine. They come in a wide variety of flavors, with popular options including cola, lemon-lime, orange, and root beer, among others. These drinks are typically served chilled and are enjoyed globally, making them a significant segment within the beverage industry. They offer a refreshing and effervescent option to quench thirst and are often consumed as standalone refreshments or paired with meals. Over the years, soft drinks have evolved significantly, adapting to changing consumer preferences and emerging health-conscious trends.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/soft-drinks-market/requestsample
Soft Drinks Market Trends and Drivers:
The global soft drinks market is primarily driven by the escalating consumer demand for convenience. Soft drinks are readily available in different sizes and packaging options, making them easily accessible for on-the-go consumption. Additionally, the rising number of health-conscious consumers has augmented the demand for low-calorie and sugar-free soft drinks, fostering innovation in product formulations. In line with this, the influx of natural and organic soft drinks, catering to the increasing consumer preference for healthier beverage choices, is supporting the market growth. Furthermore, the shifting trend toward sustainable packaging and eco-friendly practices, aligning with the heightened environmental consciousness worldwide, is fueling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Product Insights:
Carbonated
Non-Carbonated
Distribution Channel Insights:
Hypermarkets and Supermarkets
Convenience Store
Online
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Arizona Beverage Company
Asahi Group Holdings Ltd.
Keurig Dr Pepper Inc.
National Beverage Corp.
Nestlé S.A.
Pepsico Inc.
Purity Soft Drinks Ltd.
Red Bull GmbH
Refresco Group BV
The Coca-Cola Company
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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