Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Soft Drinks Market size is expected to reach $589.9 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Hypermarkets & Supermarkets segment acquired maximum revenue share in the Global Soft Drinks Market by Distribution Channel in 2021, thereby, achieving a market value of $233.3 billion by 2028. Supermarkets and hypermarkets are organized channels that provide more customer-oriented services by providing a variety of FMGC items to consumers directly. Such shops offer buyers the option of physical product verification and add to market earnings. Since past few years, the hypermarkets and super market have come into a greater significance in terms of providing its consumers a wide range of products which are healthy to consume as well as cost efficient. Such hypermarkets and super market target on bringing as many new products, in current scenario new soft drinks which are sugar free and free from other unhealthy elements which can harm human being health.
The Non-Carbonated segment is showcasing CAGR of 4.7% during (2022 - 2028). Non-carbonated drinks are better than carbonated drinks since it do not go through the carbonation process. Pasteurization protects such drinks from spoiling throughout the manufacturing process. The segment is predicted to develop during the forecast period because of the health advantages.
The North America market dominated the Global Soft Drinks Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $197.9 billion by 2028. The Europe market is estimated to witness a CAGR of 4.6% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 6.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/soft-drinks-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 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.
By Distribution Channel
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