North America Carbonated Soft Drink Market By Flavor (Cola, Citrus and other flavors), By Distribution Channel (Hypermarkets, Supermarkets & Mass Merchandisers, Convenience Stores, Food Service Outlets, Online and others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Carbonated Soft Drink Market would witness market growth of 5.8% CAGR during the forecast period (2020-2026). Carbonated soft drinks are referred to the non-alcoholic and artificial sweetened carbonated drinks. It includes tonic waters, cola drinks, sports drinks, and lemonade drinks.
Carbon dioxide gas is used to bring the sparkling taste in these carbonated drinks and it also helps in preventing drinks from deterioration. The carbonated soft drink market is still in growing phase in the Asia Pacific market but it has already surpassed its potential in the Western countries. The key challenge for the carbonated soft drink market is how the industry will respond to the increasing sophistication of consumers and stringent regulation because many states and municipal governments are implementing soda or sugar taxes to cut down the consumption of carbonated soft drinks.
The growing initiative to develop some new artificial sweeteners like stevia is the proof of this development. This alternative will change the beverage industry with less dependency on sugar for flavorings such as ready-to-drink (RTD) tea and coffee beverages. On the other hand, the category of sport and energy drinks has recorded significant growth in the last few years due to the success of Red Bull and Monster. The effectiveness of these functional drinks indicates that carbonated drinks can also witness a higher growth if brands shift their focus from mere refreshment to some additional offering.
Due to the shifting lifestyle of the consumers, ready-to-drink (RTD) soft drinks have gained popularity amongst consumers. The increasing demand for gluten-free, clean-label, low-calorie, and low-carb products, leads to the up-gradation of the low-calorie RTD carbonated soft drink market in the food and beverage industry. The increasing market growth of functional beverages and rising health concerns among the consumers has boosted the growth of the low-calorie RTD carbonated soft drink market.
Based on Flavor, the market is segmented into Cola, Citrus and other flavors. Based on Distribution Channel, the market is segmented into Hypermarkets, Supermarkets & Mass Merchandisers, Convenience Stores, Food Service Outlets, Online and others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone S.A., Keurig Dr Pepper, Inc., The Coca Cola Company, Monster Beverage Corporation, PepsiCo, Inc., National Beverage Corporation, Refresco Group B.V. (Histogram, Ltd.), Jones Soda Co., Suntory Beverage & Food Limited, and Britannia Industries Limited.
Scope of the Study
Market Segments Covered in the Report:
- Other flavors
By Distribution Channel
- Hypermarkets, Supermarkets & Mass Merchandisers
- Convenience Stores
- Food Service Outlets
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Danone S.A.
- Keurig Dr Pepper, Inc.
- The Coca Cola Company
- Monster Beverage Corporation
- PepsiCo, Inc.
- National Beverage Corporation
- Refresco Group B.V. (Histogram, Ltd.)
- Jones Soda Co.
- Suntory Beverage & Food Limited
- Britannia Industries Limited
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