Soft Drinks Market size to grow by USD 622.47 billion from 2022 to 2027, North America to account for 36% of the market growth - Technavio

NEW YORK, May 15, 2023 /PRNewswire/ -- The soft drinks market size is set to grow by USD 622.47 billion between 2022 and 2027, and register a CAGR of 9.98%, according to Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Asahi Group Holdings Ltd., Danone SA, Del Monte Pacific Ltd., Dongpeng Beverage Group Co. Ltd., Keurig Dr Pepper, Kirin Holdings Co. Ltd., Mondelez International Inc., Monster Energy Co., National Beverage Corp., Nestle SA, Otsuka Holdings Co. Ltd., Parle Agro Pvt Ltd., PepsiCo Inc., POSTOBON S.A, Purity Soft Drinks Ltd., Red Bull GmbH, Refresco Group BV, Starbucks Corp., Suntory Holdings Ltd., and Tata Consumer Products Ltd are some of the major market participants. The hectic lifestyle and need for instant energy, the strengthening distribution networks and collaborations, and the packaging innovations will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Soft Drinks Market 2023-2027: Segmentation

• Product 
• Carbonated Soft Drinks: The market share growth by the carbonated soft drinks segment will be significant during the forecast period. Product innovations such as cold-pressed juices will also help the market's growth during the forecast period.
• Juices And Juice Concentrates
• Bottled Water
• RTD Tea And Coffee
• Others
• Distribution Channel 
• Offline
• Online
• Geography 
• North America: North America is projected to contribute 36% by 2027. North America will be the largest market for soft drinks globally in 2022 in terms of revenue.
• Europe
• APAC
• South America
• Middle East And Africa

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Soft Drinks Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the soft drinks market in soft drinks industry include Asahi Group Holdings Ltd., Danone SA, Del Monte Pacific Ltd., Dongpeng Beverage Group Co. Ltd., Keurig Dr Pepper, Kirin Holdings Co. Ltd., Mondelez International Inc., Monster Energy Co., National Beverage Corp., Nestle SA, Otsuka Holdings Co. Ltd., Parle Agro Pvt Ltd., PepsiCo Inc., POSTOBON S.A, Purity Soft Drinks Ltd., Red Bull GmbH, Refresco Group BV, Starbucks Corp., Suntory Holdings Ltd., and Tata Consumer Products Ltd. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the soft drinks market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

asahigroup-holdings.com- The company offers a wide variety of fruit based soft drinks

danone.com- The company offers pure mineral water in natural form

delmontepacific.com- The company offers a variety of fresh and healthy soft drinks

The report also covers the following areas:

• Soft Drinks Market size
• Soft Drinks Market trends
• Soft Drinks Market industry analysis

Market trends such as increasing demand for craft soft drinks are likely to emerge as one of the primary drivers of the market. However, factors such as increasing obesity rates and related issues may threaten the growth of the market.

Market Drivers

• Hectic lifestyle and need for instant energy
• Strengthening distribution networks and collaborations
• Packaging innovations

Market Trends

• Increasing demand for craft soft drinks
• Use of soft drinks as a mixer for alcoholic beverages
• Prominence of probiotic drinks in weight management

Market Challenges

• Increasing obesity rates and related issues
• Easy availability of counterfeit products
• Implementation of sugar tax

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Soft Drinks Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist soft drinks market growth during the next five years
• Estimation of the soft drinks market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the soft drinks market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of soft drinks market vendors

Related Reports:

Premium Bottled Water Market- The premium bottled water market size is estimated to grow at a CAGR of 6.65% between 2022 and 2027. The market size is forecast to increase by USD 8,013.56 million.

Sparkling Juices Market- The Global Sparkling Juices Market size is estimated to grow at a CAGR of 10.43% between 2022 and 2027. The size of the market is forecast to increase by USD 920.29 million.

Download now to uncover successful business strategies deployed by Companies of soft drinks market - Download Latest Free Sample Report in Minutes 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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