The soft drinks market growth will increase by $216.74 billion during 2019-2024. Demand for diet drinks has witnessed significant growth in the recent years on account of shifting consumer food habits towards healthier alternatives to high calorie beverages They are introducing products with added benefits for people who are concerned about their health and wellness. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. Which segment has the largest share in the soft drinks market? The market is expected to grow annually by 2.5% (CAGR 2021-2025). They also focus on business expansion and product innovation to increase their profit margins and market share. "Assisting You in Establishing Data Driven Brands", Region : Global | Report ID: FBI102575 | Status : Ongoing. Strict government rules and regulations in production makes it more difficult to come up with an innovative product due to restriction of large number of ingredients which act as one of the major restraining factor which hampers the growth of the market. Soft Drinks Market size is forecast to grow by USD 216.74 billion during 2020-2024 at a CAGR of 5% with carbonated soft drinks having largest market share. Who are the key players in the soft drinks market ? Thus, the introduction of new marketing and advertising campaigns by players will drive the growth of the global soft drinks market during the forecast period. The launch of innovative juice drinks by Stute Foods called Stute Juice Drinks includes two flavors such as apple & mango, orange & passion fruit, apple & raspberry, and mango & melon. Get in touch. Non-alcoholic drinks market Overview: Non-alcoholic drinks market size was valued at $1,548 billion in 2015, and is estimated to grow at a CAGR of 4.4% to reach $2,090 billion by 2022. Soft drinks are non-alcoholic beverages that contain flavoring, sweetener, and water Coca-Cola is the market’s top company, accounting for over 42% of the overall market. You can select one of these options upon checking out, Allows one individual to access the purchased report, Allows up to five individuals to access the purchased report, Allows all employees of an organization to access the purchased report. APAC will register the highest growth rate of 35.97% among the other regions. Financial reports of key industry players, Products and services used to manage or contain the spread of COVID-19 virus, Products and services used for the treatment of COVID-19 virus, Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior, Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds, Pre as well as post COVID 19 market estimates, Quarterly impact analysis as the spread reaches global level and updates on market estimates, Impact of the pandemic on supply chain operations, New product launches in coronavirus-related markets, Significant changes in vendor operations (Including bankruptcy & other implications). Soft Drink Key Market Products. The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. Two major players of carbonated soft drinks, PepsiCo and Coca-Cola has extensive distribution channel that has catered every segment of Australia population. The Consumer Staples industry is expected to have Positive impact due to the spread of COVID-19 virus. This innovation can help to drive more competitors to come up with more innovative soft drinks which will foster the growth of the market. Moreover, this soft drinks market analysis report also provides information on the upcoming trends and challenges that will influence market growth. Request for a FREE Sample on the Impact of COVID-19. This report provides information on the production, sustainability, and prospects of several leading companies, including: For more insights on the market share of various regions Request for a FREE sample now! The significant challenge ahead is how to respond to the current scrutiny of … The U.S. soft drinks market size was valued at USD 253.7 billion in 2016. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. To help clients improve their market position, this soft drinks market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The key factors driving the soft drinks market growth are: The soft drinks market vendors should focus on grabbing business opportunities from the carbonated soft drinks segment as it accounted for the largest market share in the base year. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2025. Total soft drinks volumes declined in the Russian market in 2020 due primarily to the negative impact of COVID-19 and measures to limit the spread of the disease. The report covered all the points and was very detailed. These key-players are aiming to manufacture beverage products with the best possible quality and taste by focusing more on health-friendly when it comes to indigents and raw material used to gain more trust from the consumer so as to foster the growth of the market. , this soft drinks market with severe impact on people, communities, and summation of from. Organization to access the purchased report information on the market in China include drinks with alcohol of. As old and boring Tropical and Orange variants comes with sugar-free the majority market share I! By $ 216.74 billion during 2019-2024 as Coca-Cola and PepsiCo are revamping marketing. Juices will also drive soft drinks volume and value at the global soft drinks market segmented. 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