Soft Drinks Market forecasted to expand with the highest CAGR of 5.2% from 2022 to 2028.

Soft Drinks Industry Overview

The global soft drinks market size was valued at USD 416.19 Billion in 2021 and is expected to expand at a CAGR of 5.2% from 2022 to 2028.

Rising disposal incomes, changing lifestyle, and a growing population is expected to promote market growth over the next few years. The growing demand for clean-label, gluten-free, low-calorie, and low-carb products drives the global soft drinks market. Additionally, rising popularity among the millennials and increasing investments in RD in the food and beverage sector are expected to drive the industry demand.

Gather more insights about the market drivers, restrains and growth of the Global Soft Drinks Market

Beverages are liquid food that can be consumed by citizens for hydration or as a source of energy. Different type of drinks is available in the market that satisfies the demand of the citizens. Soft drinks are made from flavors, sweetening agents, and edible acids. Soft drinks are broadly categorized as carbonated and non-carbonated which contain energy and sports drinks, soda, Ready-To-Drink (RTD), flavored water, and diet beverages. Considering the public health, Food and Drug Administration (FDA) ensure guidelines and ensures soft drinks are safe for the citizens.

Soft drinks can be served cold, above ice cubes, or at normal temperature. They are accessible in several container formats, such as cans, glass bottles, as well as plastic bottles. Containers are available in different sizes, varying from small bottles up to large containers. Lesser amounts of alcohol may exist in a soft drink, however, the alcohol content must be less than 0.5% of the overall volume of the drink in numerous countries. Moreover, soft drinks are extensively accessible at dedicated soda stores, restaurants, convenience stores, movie theaters, vending machines, casual-dining restaurants, and bars from soda fountain machines.

The top three global soft drinks market players are Coca-Cola, PepsiCo, and Cadbury Schweppes. In the U.S., The Coca-Cola Company is the global leading company in the carbonated soft drinks market, which accounts for nearly 48% share of the total market's volume. In India, the major soft drink companies are Coca-Cola and Pepsi. This industry is largely dependent on the manufacture of quality bottles as well as drinking packs which are utilized to maintain the products fresh for a long period of time.

The soft drink market is increasing rapidly owing to continued attention on health and comfort. Soft drinks are the element of a balanced diet as well as a healthy lifestyle as they comprise health elements such as vitamins and calcium. Pure juice, bottled water, smoothies, dairy drinks, and fruit drinks, continue to drive development. Large opportunities for soft drinks producers are offered by augmented demand for functionality, like blood-pressure-reducing and also cholesterol-lowering drinks. The customers select the soft drinks that suit their lifestyle, tastes, nutritional requirements, and physiological constraints.

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Key Companies Profile

Some of the prominent players in the global soft drinks market include: