Carbonated Beverages Market Size, Trends and Insights By Product Type (Cola Drinks, Flavoured Carbonated Drinks, Diet and Zero Calorie Beverages), By Packaging Type (Cans, Bottles, PET Bottles), By Distribution Channel (Retail Stores, Supermarkets, convenience stores, hypermarkets., Online Retail, On Premise Outlets (E.g Restaurants, cafes, and vending machines), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- The Coca-Cola Company
- PepsiCo Inc.
- Refresco Group
- Suntory Holdings Limited
- National Beverage Corp.
- Asahi Group Holdings
- Others
Reports Description
Global Carbonated Beverages Market was valued at USD 496.46 Billion in 2024 and is expected to reach USD 771.3 Billion by 2033, at a CAGR of 5.60% during the forecast period 2024 – 2033.
Carbonated beverages are drinks that have carbon dioxide gas dissolved in them, which gives them their characteristic fizz and tangy taste. The carbonation process involves injecting carbon dioxide gas under pressure into the liquid, which then dissolves into the water. When the pressure is released, the carbon dioxide comes out of the solution as small bubbles, creating the familiar fizz.
Carbonated Beverages Market: Growth Factors
Changing Consumer Preferences towards Healthier Alternatives
One of the significant drivers for the global carbonated beverages market is the shift in consumer preferences towards healthier beverage options. With an increasing awareness of the adverse health effects associated with high sugar and calorie intake, consumers are seeking alternatives that offer lower sugar content and natural ingredients.
As a response to this trend, many carbonated beverage manufacturers are introducing low-calorie, sugar-free, and naturally flavoured products to cater to health-conscious consumers. According to data from the World Health Organization (WHO), there has been a growing concern about the rising rates of obesity and related health issues globally.
Governments and health organizations are actively promoting healthier lifestyle choices, influencing consumers to opt for beverages with reduced sugar content. This trend has led to the development and marketing of carbonated beverages with natural sweeteners, such as stevia or fruit extracts, to align with the changing consumer demand.
Innovations in Flavor and Packaging
Continuous innovation in flavors and packaging has been a driving force in the carbonated beverages market. Manufacturers are investing in research and development to introduce unique and exotic flavors that appeal to diverse consumer tastes.
This innovation not only attracts new consumers but also retains existing ones, leading to increased market share for companies. Additionally, advancements in packaging technology have played a crucial role in the market’s growth. Eco-friendly packaging options, such as recyclable cans and bottles, have gained popularity due to increased environmental awareness.
Government initiatives promoting sustainable practices have further accelerated the adoption of eco-friendly packaging in the carbonated beverages market. For instance, the European Union’s directives on reducing single-use plastic have influenced beverage manufacturers to explore alternative packaging solutions, contributing to the market’s positive trajectory.
Carbonated Beverages Market: Restraints
Health Concerns and Regulatory Restrictions
A major restraint in the carbonated beverages market is the growing awareness of the health risks associated with excessive consumption of sugary drinks. Governments and health organizations worldwide are implementing strict regulations and taxes to curb the consumption of high-sugar beverages.
For instance, Mexico implemented a tax on sugar-sweetened beverages, leading to a significant reduction in sales volume. For instance, the World Health Organization recommends limiting sugar intake to address health issues such as obesity and diabetes.
These health concerns have prompted governments to consider stringent measures, impacting the carbonated beverage market. Manufacturers are facing challenges in reformulating products to meet health standards while maintaining taste, presenting a hurdle for sustained growth in the industry.
Intense Competition and Market Saturation
The carbonated beverages market is highly competitive, with numerous global and regional players vying for market share. The saturation of the market with various brands and products intensifies competition, leading to price wars and reduced profit margins. Small and medium-sized players find it challenging to compete with well-established brands that have strong distribution networks and marketing capabilities.
Moreover, the emergence of alternative beverage categories, such as functional drinks and natural juices, has diverted consumer preferences away from traditional carbonated beverages. This shift in demand poses a challenge for carbonated beverage manufacturers to innovate and differentiate their products effectively. Market saturation and the need for continuous innovation to stay relevant present significant restraints for players in the carbonated beverages market.
Carbonated Beverages Market: Opportunities
Rising Demand for Non-Alcoholic Refreshments
The increasing global trend towards non-alcoholic beverages presents a significant opportunity for the carbonated beverages market. As more consumers seek refreshing and non-alcoholic options, carbonated beverages provide a versatile choice.
This trend is driven by a growing awareness of health and wellness, as consumers are looking for alternatives to traditional sugary and alcoholic drinks. According to data from the International Alliance for Responsible Drinking (IARD), the demand for non-alcoholic beverages is on the rise, influenced by changing consumer lifestyles and preferences.
Carbonated beverages, with their wide range of flavors and formulations, are well-positioned to capitalize on this opportunity. Manufacturers can explore and promote the refreshing and non-alcoholic attributes of carbonated beverages to tap into this expanding market segment.
Expanding Middle-Class Population in Emerging Markets
The growth of the middle-class population in emerging markets presents a lucrative opportunity for the carbonated beverages industry. As disposable incomes rise in countries such as India, China, and Brazil, consumers have more purchasing power and are inclined to spend on lifestyle products, including beverages. The expanding middle-class demographic is characterized by an increased inclination towards premium and branded products.
According to the International Labour Organization (ILO), the middle-class population in emerging markets is expected to grow significantly in the coming years. This demographic shift creates a substantial market for carbonated beverages, with consumers seeking diverse and indulgent options. Manufacturers can strategically target these emerging markets with tailored marketing and distribution strategies to capitalize on the growing demand for carbonated beverages among the expanding middle-class population.
Carbonated Beverages Market: Segmentation Analysis
Based on Product type, the carbonated beverages market is segmented into Cola Drinks, Flavoured Carbonated Drinks, Diet and Zero Calorie Beverages Among all these segments, Flavoured Carbonated Drinks held the largest market share in 2022 and is expected to keep its dominance during the forecast period.
These beverages appeal to a wide range of consumers with various flavour preferences, providing versatility and a broader market reach. Diet and Zero Calorie Beverages is the fastest growing segment during the forecast period. As more consumers become health conscious and seek alternatives with lower calorie content, the demand for diet and zero calorie options is likely to increase.
Based on Packaging Type, carbonated beverages market Cans, Bottles, and PET Bottles. Among all these segments PET Bottles has held the largest market in 2022 and is expected to keep its dominance during the forecast period. PET bottles are convenient, lightweight, and easily recyclable, making them popular among consumers and contributing to their widespread use.
The cans segment is the fastest growing during the forecast period, driven by factors such as portability, convenience, and the trend towards sustainability. Manufacturers are increasingly using eco-friendly materials for cans, making them attractive to environmentally conscious consumers.
Based on the Distribution Channel, the Carbonated beverages market is segmented into Retail Stores, Supermarkets, Convenience Stores, Hypermarkets, Online Retail, On Premise Outlets (e.g., Restaurants, Cafes, Vending Machines). Supermarkets segment held the highest market share in 2022.
Supermarkets offer a wide variety of carbonated beverages, providing consumers with multiple choices and convenient shopping experiences. The online Retail segment is expected to be the fastest growing, reflecting the ongoing trend of online shopping. Consumer preferences for the convenience of ordering beverages online, especially in bulk, contribute to the growth of this subsegment.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 496.46 Billion |
| Projected Market Size in 2033 | USD 771.3 Billion |
| Market Size in 2023 | USD 472.37 Billion |
| CAGR Growth Rate | 5.60% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Packaging Type, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Carbonated Beverages Market: Regional Analysis
North America held the leading market share for carbonated beverages in 2022. The established presence of major beverage giants, strong brand loyalty, and continuous product innovations contribute to North America’s leadership in the industry.
In North America, consumer preferences for carbonated drinks are deeply ingrained, and the market has shown adaptability to changing trends by introducing low calorie and natural alternatives. Additionally, the region’s well developed distribution channels and robust marketing strategies contribute to the sustained dominance of North America in the global carbonated beverages market.
Asia Pacific is emerging as the fastest growing market for carbonated beverages. Several factors contribute to this growth. The region’s large and increasingly affluent population, coupled with rapid urbanization, has led to a significant rise in disposable income and changing lifestyles. As a result, there is an increased demand for convenience products, including carbonated beverages.
Moreover, the youth population in countries like India and China has a strong affinity for carbonated drinks, contributing to sustained growth. Beverage companies in the Asia Pacific region have capitalized on this trend by introducing a wide range of innovative flavors and packaging options, targeting the preferences of the younger demographic.
Additionally, the market in Asia Pacific benefits from a less saturated and more open landscape, allowing for new entrants and increased competition. Local and international players alike are investing in marketing strategies, product development, and distribution networks to capture the growing consumer base.
Carbonated Beverages Market: Recent Developments
- In October 2022, PepsiCo Launched a New Limited Edition Zero Sugar Cream Soda Cola. This relaunch caters to the growing demand for lower sugar alternatives. It taps into the nostalgia trend, targeting consumers who remember classic cream soda flavors.
- In September 2022, PepsiCo launched the Zero Sugar Pepsi 18-Week Pack. This strategic move capitalizes on the peak season for football viewership and gatherings, offering a larger, cost-effective option for fans enjoying the beverage at home.
- In April 2022, Coca Cola Created its First Metaverse Beverage “Coca Cola Zero Sugar Byte”. This innovative marketing campaign aimed at gamers leverages the metaverse trend, offering a unique pixel inspired flavor experience. It highlights Coca Cola’s willingness to explore emerging markets and engage younger demographics.
- In May 2021, PepsiCo Introduced Soulboost Sparkling Water. This launch blends sparkling water with natural juice and functional ingredients, responding to the consumer preference for healthier alternatives while still offering flavor and refreshment. It demonstrates PepsiCo’s diversification into the growing functional beverage market.
- In August 2023, Coca Cola Announced Partnership with Starbucks for Ready to Drink Coffee Beverages. This collaboration brings together two beverage giants, expanding Coca Cola’s portfolio into the lucrative RTD coffee market and leveraging Starbucks’ brand recognition. This strategic move has the potential to significantly impact the competitive landscape.
List of the prominent players in the Carbonated Beverages Market:
- The Coca-Cola Company
- PepsiCo Inc.
- Refresco Group
- Suntory Holdings Limited
- National Beverage Corp.
- Asahi Group Holdings
- Tru Blu Beverages
- F&N Foods Pte Ltd
- Bickford’s Australia
- Parle Agro
- ANADOLU GRUBU A.Åž.
- Danone
- JONES SODA CO.
- Keurig Dr Pepper Inc.
- Monster Energy Company
- SODASTREAM INTERNATIONAL LTD.
- Others
These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Carbonated Beverages Market is segmented as follows:
By Product Type
- Cola Drinks
- Flavoured Carbonated Drinks
- Diet and Zero Calorie Beverages
By Packaging Type
- Cans
- Bottles
- PET Bottles
By Distribution Channel
- Retail Stores
- Supermarkets
- convenience stores
- Online Retail
- On Premise Outlets (E.g Restaurants, cafes, and vending machines)
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Carbonated Beverages Market, (2024 – 2033) (USD Billion)
- 2.2 Global Carbonated Beverages Market: snapshot
- Chapter 3. Global Carbonated Beverages Market – Industry Analysis
- 3.1 Carbonated Beverages Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Changing Consumer Preferences Towards Healthier Alternatives
- 3.2.2 Innovations in Flavor and Packaging
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Packaging Type
- 3.7.3 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Carbonated Beverages Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Carbonated Beverages Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Carbonated Beverages Market – Product Type Analysis
- 5.1 Global Carbonated Beverages Market Overview: By Product Type
- 5.1.1 Global Carbonated Beverages Market Share, By Product Type, 2023 and 2033
- 5.2 Cola Drinks
- 5.2.1 Global Carbonated Beverages Market by Cola Drinks, 2024 – 2033 (USD Billion)
- 5.3 Flavoured Carbonated Drinks
- 5.3.1 Global Carbonated Beverages Market by Flavoured Carbonated Drinks, 2024 – 2033 (USD Billion)
- 5.4 Diet and Zero Calorie Beverages
- 5.4.1 Global Carbonated Beverages Market by Diet and Zero Calorie Beverages, 2024 – 2033 (USD Billion)
- 5.1 Global Carbonated Beverages Market Overview: By Product Type
- Chapter 6. Global Carbonated Beverages Market – Packaging Type Analysis
- 6.1 Global Carbonated Beverages Market Overview: By Packaging Type
- 6.1.1 Global Carbonated Beverages Market Share, By Packaging Type, 2023 and 2033
- 6.2 Cans
- 6.2.1 Global Carbonated Beverages Market by Cans, 2024 – 2033 (USD Billion)
- 6.3 Bottles
- 6.3.1 Global Carbonated Beverages Market by Bottles, 2024 – 2033 (USD Billion)
- 6.4 PET Bottles
- 6.4.1 Global Carbonated Beverages Market by PET Bottles, 2024 – 2033 (USD Billion)
- 6.1 Global Carbonated Beverages Market Overview: By Packaging Type
- Chapter 7. Global Carbonated Beverages Market – Distribution Channel Analysis
- 7.1 Global Carbonated Beverages Market Overview: By Distribution Channel
- 7.1.1 Global Carbonated Beverages Market Share, By Distribution Channel, 2023 and 2033
- 7.2 Retail Stores
- 7.2.1 Global Carbonated Beverages Market by Retail Stores, 2024 – 2033 (USD Billion)
- 7.3 Supermarkets
- 7.3.1 Global Carbonated Beverages Market by Supermarkets, 2024 – 2033 (USD Billion)
- 7.4 Convenience Stores
- 7.4.1 Global Carbonated Beverages Market by Convenience Stores, 2024 – 2033 (USD Billion)
- 7.5 Hypermarkets
- 7.5.1 Global Carbonated Beverages Market by Hypermarkets, 2024 – 2033 (USD Billion)
- 7.6 Online Retail
- 7.6.1 Global Carbonated Beverages Market by Online Retail, 2024 – 2033 (USD Billion)
- 7.7 On Premise Outlets (E.g Restaurants, cafes, and vending machines)
- 7.7.1 Global Carbonated Beverages Market by On Premise Outlets (E.g Restaurants, cafes, and vending machines), 2024 – 2033 (USD Billion)
- 7.1 Global Carbonated Beverages Market Overview: By Distribution Channel
- Chapter 8. Carbonated Beverages Market – Regional Analysis
- 8.1 Global Carbonated Beverages Market Regional Overview
- 8.2 Global Carbonated Beverages Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Carbonated Beverages Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.4 North America Carbonated Beverages Market, by Product Type, 2024 – 2033
- 8.4.1 North America Carbonated Beverages Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Carbonated Beverages Market, by Packaging Type, 2024 – 2033
- 8.5.1 North America Carbonated Beverages Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.6 North America Carbonated Beverages Market, by Distribution Channel, 2024 – 2033
- 8.6.1 North America Carbonated Beverages Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Carbonated Beverages Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Carbonated Beverages Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Carbonated Beverages Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Carbonated Beverages Market, by Packaging Type, 2024 – 2033
- 8.9.1 Europe Carbonated Beverages Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.10 Europe Carbonated Beverages Market, by Distribution Channel, 2024 – 2033
- 8.10.1 Europe Carbonated Beverages Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Carbonated Beverages Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Carbonated Beverages Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Carbonated Beverages Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Carbonated Beverages Market, by Packaging Type, 2024 – 2033
- 8.13.1 Asia Pacific Carbonated Beverages Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Carbonated Beverages Market, by Distribution Channel, 2024 – 2033
- 8.14.1 Asia Pacific Carbonated Beverages Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Carbonated Beverages Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Carbonated Beverages Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Carbonated Beverages Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Carbonated Beverages Market, by Packaging Type, 2024 – 2033
- 8.17.1 Latin America Carbonated Beverages Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.18 Latin America Carbonated Beverages Market, by Distribution Channel, 2024 – 2033
- 8.18.1 Latin America Carbonated Beverages Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Carbonated Beverages Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Carbonated Beverages Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Carbonated Beverages Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Carbonated Beverages Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Carbonated Beverages Market, by Packaging Type, 2024 – 2033
- 8.21.1 The Middle-East and Africa Carbonated Beverages Market, by Packaging Type, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Carbonated Beverages Market, by Distribution Channel, 2024 – 2033
- 8.22.1 The Middle-East and Africa Carbonated Beverages Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 The Coca-Cola Company
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 PepsiCo Inc.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Refresco Group
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Suntory Holdings Limited
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 National Beverage Corp.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Asahi Group Holdings
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Tru Blu Beverages
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 F&N Foods Pte Ltd
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Bickford’s Australia
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Parle Agro
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 ANADOLU GRUBU A.Åž.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Danone
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 JONES SODA CO.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Keurig Dr Pepper Inc.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Monster Energy Company
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 SODASTREAM INTERNATIONAL LTD.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Others.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.1 The Coca-Cola Company
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- The Coca-Cola Company
- PepsiCo Inc.
- Refresco Group
- Suntory Holdings Limited
- National Beverage Corp.
- Asahi Group Holdings
- Tru Blu Beverages
- F&N Foods Pte Ltd
- Bickford’s Australia
- Parle Agro
- ANADOLU GRUBU A.Åž.
- Danone
- JONES SODA CO.
- Keurig Dr Pepper Inc.
- Monster Energy Company
- SODASTREAM INTERNATIONAL LTD.
- Others
FAQs
The Rising Demand for Non-Alcoholic Refreshments is major restraint in global Carbonated Beverages market.
The Changing Consumer Preferences towards Healthier Alternatives is major driver in global Carbonated Beverages market.
The “Cola Drinks” category dominated the market in 2023.
The key players in the market are The Coca-Cola Company, PepsiCo Inc., Refresco Group, Suntory Holdings Limited, National Beverage Corp., Asahi Group Holdings, Tru Blu Beverages, F&N Foods Pte Ltd, Bickford’s Australia, Parle Agro, ANADOLU GRUBU A.Åž., Danone, JONES SODA CO., Keurig Dr Pepper Inc., Monster Energy Company, SODASTREAM INTERNATIONAL LTD., Others.
“North America” had the largest share in the Carbonated Beverages Market.
The global market is projected to grow at a CAGR of 5.60% during the forecast period, 2024-2033.
The Carbonated Beverages Market size was valued at USD 496.46 Billion in 2024.
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