Asia Pacific Soft Drinks Market Report and Forecast 2024-2032

Asia Pacific Soft Drinks Market Size

The Asia Pacific soft drinks market is projected to grow at a CAGR of 5.98% between 2024 and 2032.

Asia Pacific Soft Drinks Market Outlook

• In 2023, the value added to the food, beverage & tobacco industry was SGD4.4 billion, reported the Department of Statistics  in Singapore.

• Monthly per capita consumption expenditure on beverages, refreshments, and processed foods in urban India was INR687 in 2022-23.

• The monthly consumption expenditure on food per household for March 2024 was JPY 90,461, as reported the Statistics Bureau of Japan.

Asia Pacific Soft Drinks Market Growth

Growth in the Asia Pacific soft drinks Market is led by carbonated drinks for their appeal to the masses and a brand image that had been forged over the years by FMCG companies

Carbonated beverages have been the go-to drinks in gatherings and other occasions, commonly referred to as soda or fizzy drinks. These include famous choices like Coca-Cola, Pepsi, Sprite, and sparkling water among many others. They usually offer a variety of flavors that are enjoyed for their refreshing effect or as accompaniments during meals.

The soft drinks industry in the domestic market is picking up as companies come up with novel methods of appealing to a wide range of audiences using social media advertisement to maximize customer reach. In March 2023, Indian company Reliance Consumer Products Ltd relaunched   the 50-year-old beverage brand Campa Cola in a new avatar. The company acquired a 50 percent stake in Gujarat-based carbonated soft drinks and juice maker

However, non-carbonated beverages including fruit juices, bottled water, sports drinks, and teas have always been popular, particularly among health-conscious consumers. Fruit juices and bottled water are gaining popularity since they are prepared from natural ingredients without additives or preservatives.

Asia Pacific Soft Drinks Market Segmentation

Asia Pacific Soft Drinks Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Carbonated

• Non-Carbonated

• Energy and Sports Drinks

Market Breakup by Type

• Low/No Calorie

• Regular

Market Breakup by Packaging

• Plastic Bottles

• Metal Cans

• Glass Bottles

• Board Cartons and Boxes

• Others

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Convenience Stores

• HoReCa

• Online Channels

• Others

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

Asia Pacific Soft Drinks Market Share

The soft drinks market is led by the use of glass as a means of storing and transporting soft drinks. Given the recyclable nature of glass, it comes across as a more sustainable option coupled with low reactivity to chemical compounds, it makes the ideal packaging for soft drinks.

Leading Companies in the Asia Pacific Soft Drinks Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.

• PepsiCo, Inc.

• The Coca-Cola Company

• Red Bull GmbH

• Monster Beverage Corporation

• Nestlé S.A.

• HAMMER NUTRITION ASIA PACIFIC B.V.

• PRIME Hydration,

• Reliance Industries Limited

• Parle Agro Pvt. Ltd.

• Asahi Group Holdings Ltd.

• Others

Major market players are expanding their outreach by establishing their retail stores in strategic areas like airports. This enhances their visibility to international tourists, thereby contributing to market growth.

Key Highlights of the Report