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Carbonated Soft Drink Market is expected to grow at a CAGR of 5% (2021-2027) |UnivDatos Market Insights

Submitted by ahasan990 on Tue, 07/11/2023 - 04:54

A comprehensive overview of the Carborated Soft Drink Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Carbonated Soft Drink Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Carbonated Soft Drink Market at the regional & country levels. Carbonated Soft Drink Market is expected to grow at a CAGR of 5% between 2021-2027

Market Overview

The global carbonated soft drink market is projected to gain significant traction over the forecast timeframe, owing to some favorable factors. The growing demand for low-calorie, low-carb, and gluten-free beverages has encouraged manufacturers to introduce low-calorie or zero-calorie carbonated beverages, such as diet colas. The zero-calorie carbonated soft beverages are in high demand among fitness enthusiasts and the increasingly health-conscious consumers. Carbonated Soft Drink market is primarily driven by factors such as rising global population, shelf-stable innovations, eco-friendly packaging, made with clean, renewable materials, and fewer preservatives and chemicals, etc.

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COVID-19 Impact

Like peers across global food and beverages, the Carbonated soft drink Market has been hard hit by the global COVID-19 pandemic. Bottling and distribution remain largely open, although temporary closures have occurred in some regions. Short-term priorities are essential issues of employee and customer safety. Packaged water, coffee, dairy and juice have seen sharp increases in grocery channels across the US and Western Europe from mid-March 2020 as consumers stockpile essential products for an extended period of self-isolation (or quarantine) at home. Retailers have struggled to cope with demand in many FMCG categories, both in-store and online, although the direct-store-delivery (DSD) distribution model provides soft drinks producers with a logistical advantage.

While stockpiling behaviours are temporary, the industry must prepare for long-term changes in routine. These changes will likely involve more at-home daily beverage occasions, more focus on immune support ingredients and a rapid acceleration in adoption of grocery e-commerce across both food and beverages. For instance: According to a Survey, COVID-19 pandemic does not caused major impact on the carbonated soft drink market in the state of São Paulo, Brazil. The manufacturers reported increased income by more than 4% and the other FMCG sector was more affected than the beverage sector.

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Carborated Soft Drink Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Flavour, the market is primarily bifurcated into:

· Cola

· Lemon & Lime

· Orange & Others

Based on Flavour, the market is segmented into Cola, Lemon & Lime, Orange & Others. Of the different flavor segments, the cola segment leads the global market, accounting for over 50% of the overall market share in 2020. The rising demand for cola-flavored carbonated soft drinks worldwide is projected to boost this segment’s growth in the upcoming years. Manufacturers have been engaged in new product innovations, trying out new versions of the classic taste of Cola.

By Packaging Type, the market is primarily studied into:

· Bottles

· Cans

· Others

Based on Packaging Type, the Carbonated Soft Drink market is segmented into Bottles and Cans. The Bottles segment contributed the maximum market to the Carbonated Soft Drink market. The bottles segment is projected to register the fastest growth rate over the estimated period. Innovations in packaging also play a crucial role as it leads to longer shelf life, and as a result, it is becoming more comfortable to sell carbonated soft drinks out of small shops and vending machines.

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By Distribution Channel, the market is primarily studied into:

· Supermarkets and Hypermarkets

· Convenience stores and gas stations

· Food service outlets

· Online stores & others

Based on Distribution Channel, the Carbonated Soft Drink market is segmented into supermarkets and hypermarkets, convenience stores and gas stations, food service outlets, online stores and others. Food service outlets holds the highest share in the Carbonated Soft Drink market. The global carbonated soft drink market is broadly categorized into soft drinks and sports & energy drinks. The rapidly surging demand for carbonated drinks in a variety of unique flavors is a key factor behind the growth of this segment.

Carborated Soft Drink Market Region Segmentation Includes:

· North America

· Europe

· Asia Pacific

· Rest of World

Based on the estimation, North America dominated the market in 2020. Asia-Pacific is expected to witness the highest CAGR growth during the forecast period.

The major players targeting the market includes:

· PepsiCo, Inc.

· The Coca-Cola Company

· Postobón S.A.

· National Beverage Corp.

· Cott Corporation

· F&N Foods Pte Ltd

· Bickford’s Australia Pty Ltd

· Suntory Holdings Ltd.

· Reeds Inc.

· Keurig Dr Pepper Inc.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Carborated Soft Drink Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

· What are the latest trends, new patterns, and advancements in the Carborated Soft Drink market?

· Which factors are influencing the Carborated Soft Drink market over the forecast period?

· What are the global challenges, threats, and risks in the Carborated Soft Drink market?

· Which factors are propelling and restraining the Carborated Soft Drink market?

· What are the demanding global regions of the Carborated Soft Drink market?

· What will be the market size in the upcoming years?

· What are the crucial market acquisition strategies and policies applied by the companies?

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