Published Date: 19-Feb-2021
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According to a new report Global Carbonated Soft Drink Market, published by KBV research, The Global Carbonated Soft Drink Market size is expected to reach $281 billion by 2026, rising at a market growth of 6.6% CAGR during the forecast period.
Many companies are implementing different strategies to increase the consumption of carbonated drinks among people around the world. The increasing penetration of these carbonated drinks helps the companies to attain a significant customer base. There are many key market players who are adopting Product innovation as their key strategy for increasing their revenue share in the carbonated soft drink market.
The Food Service Outlets market dominated the Global Carbonated Soft Drink Market by Distribution Channel 2019. Hypermarkets, supermarkets & mass merchandisers held a prominent share of the global market in 2019. A large number of consumers are willing to purchase soft drinks from supermarkets and general merchandisers as these channels provide a superior shopping experience. Modern supermarkets and hypermarkets have emerged due to the increasing disposable income and rapid urbanization. The food & beverage industry has seen transformation due to the advent of these supermarkets and hypermarkets.
The Cola market dominated the Global Carbonated Soft Drink Market by Flavor 2019. The citrus segment would showcase a promising growth rate during the forecast period. Citrus flavors are included in the carbonated soft drink. The low-calorie drink is eco-friendly and has a moderate sour taste that includes a fizzy floral finish and comprises of grapefruit zest, cane sugar, Scottish rhubarb, and Sichuan pepper.
North America garnered the significant revenue share of the global carbonated soft drink. Europe will witness a substantial market share of the global carbonated soft drink market over the forecast years. The increasing demand for processed food & beverages around the globe is estimated to affect the market in a positive way. Although, there are many reported cases of obesity in this region, which leads to the continuous decline in demand over the last few years. Asia Pacific region is anticipated to record the fastest growth over the forecast years. The less strict rules and regulations along with the increasing disposable income among the people in emerging countries like India, South East Asia, China, South Korea, and Japan are estimated to boost the growth of the market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Saputo, Inc., Glanbia PLC, Fonterra Co-operative Group Limited, Arla Foods Amba, Carbery Group Ltd., Lactalis Group, Olam International Limited, Maple Island, Inc., Leprino Foods Company and Agropur Dairy Cooperative (Davisco Foods International, Inc.)
By Distribution Channel
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