According to the report Carbonated Beverages Market, published by Market Data Forecast, the Global market is projected to reach USD 429 billion by 2022, at a CAGR of 2.9% from 2017 to 2022.
Carbonated beverages sector, in the recent years has undergone major variations about products. To resolve the rising challenges, companies are introducing new flavours considering the health and wellness concerns of the consumers. The industry works with low profits when compared to other processed foods, the market leader Coca-Cola follows the product sustainability method for sustaining brand recognition.
Carbonated Beverages Market: Drivers & Restraints Rising young population in emerging countries combined with growing disposable income within the consumers is predicted to propel the overall market growth. Rising processed food popularity and ever increasing beverages demand along with the growing population in BRICS countries is predicted to lead to the growth of carbonated beverages market.
Carbonated Beverages Market: Overview As of 2017, the global Carbonated Beverages market was valued at 372 million and is expected to show a huge growth in the forecasting period. The diet drinks, especially, are increasing in popularity because of the increasing health awareness of public.
On the basis of geography, Europe held the leading position in the global Carbonated Beverages market in terms of revenue. The market share of North America has risen due to the growing prevalence of obesity in this region combined with rising public health awareness. The Asia-Pacific is projected to grow at a quick pace in the Carbonated Beverages market during the forecast period.
Carbonated Beverages Market: Key Players The Carbonated Beverages market is highly competitive with a large number of players. Some of the major Companies are Britvic PLC, Cott Corporation, PepsiCo, Parle Agro and the Coca-Cola Company.
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