North America Soft Drinks Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Product (Carbonated and Non-Carbonated), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Soft Drinks Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
Soft drinks are beneficial to a balanced and pleasurable diet. Soft drinks, in addition to water, can help the consumer to achieve the fluid needs. Other nutrients are required for growth, vitality, and good health in addition to water. Carbohydrates, protein, fat, vitamins, minerals, and water can all be found in a variety of beverages. The soft drinks companies are increasingly investing in research and development for enhancing the overall quality of soft drinks in order to meet the health standards.
Ingredients and processes for non-carbonated beverages are comparable to it for carbonated beverages. However, because it lack the protection against rotting provided by carbonation, this is frequently pasteurized, either in bulk or in the bottle, by continual flash pasteurization prior to filling. The flavoring material is mixed with dry acids, artificial color, gums, and other ingredients. The consumer merely needs to add the appropriate quantity of carbonated or plain water if the sweetener has been provided.
A cup of ice was coated with a flavored syrup in the first iced soft drink. To prepare the completed beverage, sophisticated dispensing devices now blend calibrated amounts of syrup with plain or carbonated water. To make slush or soft ice, the machine cools the beverage to between 5 and 2 degrees Celsius (22 and 28 degrees Fahrenheit). Plastic bottles or glass, tin-free steel, aluminum, or plastic cans, treated cardboard cartons, foil pouches, or big stainless steel containers are used to package soft drinks.
The regional market is likely to benefit from the increased demand for soft drinks and non-alcoholic beverages in the industry, as people in the region are gradually getting health conscious and adopting intake of soft drink i.e., non-alcoholic beverages only and slowly quitting the prolonged habit of consuming alcoholic drinks. Factors driving the regional market comprise a shift in eating patterns, as well as the region's increasing youth population and increased demand for carbonated beverages. In addition, in order to meet new difficulties, businesses are evolving and developing products while bearing in mind the region's health and well-being concerns. For instance, Coca-Cola, the market leader, adheres to a product sustainability strategy to ensure brand consistency. Such factors are propelling the soft drinks market in regional market to new heights.
The US market dominated the North America Soft Drinks Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $142,775.5 Million by 2028. The Canada market is estimated to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 6% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Store, Online, and Others. Based on Product, the market is segmented into Carbonated and Non-Carbonated. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Soft Drinks Market is Estimated to reach $589.9 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., Nestle S.A., The Coca Cola Company, Keurig Dr Pepper, Inc., Monster Beverage Corporation, Ito En, Ltd., Unilever PLC, Red Bull GmbH, AriZona Beverage Company LLC, and Appalachian Brewing Company.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Hypermarkets & Supermarkets
- Convenience Store
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- PepsiCo, Inc.
- Nestle S.A.
- The Coca Cola Company
- Keurig Dr Pepper, Inc.
- Monster Beverage Corporation
- Ito En, Ltd.
- Unilever PLC
- Red Bull GmbH
- AriZona Beverage Company LLC
- Appalachian Brewing Company
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