Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 486.21 Billion | USD 816.46 Billion | 5.32% | 2024 |
FrequentlyAsked Questions
Soft drinks are a broad range of non-alcoholic drinks, including carbonated drinks, bottled water, fruit juices, functional drinks, and ready-to-drink teas and coffees that quench thirst, refresh, and, in many cases, deliver specific functional benefits.
The soft drinks market is expected to be driven by shifting consumer preferences toward healthier options, increasing urbanization and on-the-go consumption, expanding middle class in developing markets, premiumization trends, functional ingredient innovations, and sustainable packaging initiatives.
According to our study, the global soft drinks market was worth around USD 486.21 billion in 2024 and is predicted to grow to around USD 816.46 billion by 2034.
The CAGR value of the soft drinks market is expected to be around 5.32% during 2025-2034.
The global soft drinks market will register the highest growth in Asia Pacific during the forecast period.
Key players in the soft drinks market include The Coca-Cola Company, PepsiCo Inc., Nestlé S.A., Keurig Dr Pepper Inc., Red Bull GmbH, Danone S.A., Monster Beverage Corporation, Suntory Holdings Limited, National Beverage Corp., The Kraft Heinz Company, Kirin Holdings Company, Limited, Asahi Group Holdings, Ltd., Britvic plc, ITO EN, Ltd., Arca Continental, S.A.B. de C.V., Sanpellegrino S.p.A., Ocean Spray Cranberries, Inc., Jiaduobao Group, Otsuka Holdings Co., Ltd., and Innocent Drinks.
The report comprehensively analyzes the soft drinks market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, product innovations, sustainability initiatives, and the evolving consumer preferences shaping the non-alcoholic beverage industry ecosystem.
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