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The global soft drinks market size reached approximately USD 461.26 billion in 2024. The market is further projected to grow at a CAGR of 5.1% between 2025 and 2034, reaching a value of USD 721.73 billion by 2034.
Global Soft Drinks Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 461.26 |
Market Size 2034 | USD Billion | 721.73 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 5.1% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 5.9% |
CAGR 2025-2034 - Market by Country | India | 7.0% |
CAGR 2025-2034 - Market by Country | China | 5.6% |
CAGR 2025-2034 - Market by Product | Non-carbonated | 5.7% |
CAGR 2025-2034 - Market by Distribution Channel | Online | 8.7% |
Market Share by Country 2023 | India | 3.9% |
Soft drink is a class of non-alcoholic beverages that may be carbonated or non-carbonated and contain artificial or natural sweetening agents, flavouring agents, and edible acids, among others. These water-based flavoured beverages are produced by mixing dry ingredients and syrups with carbonated water or with the help of lacto-fermentation.
On the basis of product, the market is divided into carbonated, non-carbonated, and energy and sports drinks. Based on type, the market is classified into low/no calorie, regular, and mid calorie. On the basis of packaging, the market is segregated into plastic bottle, metal cans, glass bottle, and board cartons and boxes, among others.
Based on distribution channel, the soft drinks market segmentation includes supermarket and hypermarket, convenience store, HoReCa, and online, among others. On the basis of region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global soft drinks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The non-carbonated segment is anticipated to witness significant growth over the forecast period, due to the rising consumer demand for healthier beverage options at reasonable costs. These beverages undergo pasteurisation to provide them protection against spoilage as they lack carbon dioxide and include sweetened and unsweetened tea, fruit punch, flavoured water, and lemonade, among others. Additionally, the segment growth is also being aided by the rising investments by key market players towards development of novel flavours.
North America is expected to account for a significant share of the market in the coming years, owing to the rising demand for low calorie and natural soft drinks due to increasing health concerns. The consumption of energy and sports drinks is also rising as energy drinks elevate attention, alertness, and energy as well as heart rate, blood pressure, and breathing. Meanwhile, sports drinks aid in replenishing electrolytes, glucose, and fluids lost during strenuous exercises, bolstering the soft drinks market demand.
CAGR 2025-2034 - Market by | Country |
India | 7.0% |
China | 5.6% |
Germany | 4.2% |
Italy | 3.6% |
Japan | 3.5% |
USA | XX% |
Canada | 3.4% |
UK | XX% |
France | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
PepsiCo, Inc., a food and beverage services company is known for their diverse product portfolio that comprises of various food and beverage products, including soft drinks. The company is home to many global brands including Cheetos, Mountain Dew, SodaStream, and Pepsi Cola, among others.
The Coca-Cola Company, a beverage manufacturing company is headquartered in Georgia, United States and was founded in 1892. The company’s diverse portfolio includes brands such as Dasani Waters, Minute Maid, and Fanta.
Nestlé S.A., founded in 1866, is a food and beverage manufacturing company that is based in Vaud, Switzerland. The company specialises in soft drinks, ice creams, frozen food, infant nutrition, and confectionery, among others.
Other market players include Unilever Plc, Asahi Group Holdings Ltd., Dr. Pepper Snapple Group, Kofola Ceskoslovensko, A.S., Monster Beverage Corporation, Arizona Beverages USA, Britvic Plc, and Red Bull GmbH, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Type |
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Breakup by Packaging |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 461.26 billion in 2024.
The market is projected to grow at a CAGR of 5.1% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 721.73 billion by 2034.
The major market drivers include introduction of novel flavours by key market players and rising popularity among millennials.
The key trends fuelling the growth of the market include increased consumption of low/ no calorie soft drinks and adoption of aggressive marketing and brand promotion strategies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The distribution channels for soft drinks include supermarket and hypermarket, convenience store, HoReCa, and online, among others.
The key players in the market are PepsiCo, Inc., The Coca-Cola Company, Nestlé S.A., Unilever Plc, Asahi Group Holdings Ltd., Dr. Pepper Snapple Group, Kofola Ceskoslovensko, A.S., Monster Beverage Corporation, Arizona Beverages USA, Britvic Plc, and Red Bull GmbH, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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