Market overview of global soft drinks and juices segment
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks. The juice market consists of retail sale juices.
Market analysis of global soft drinks and juices segment
The global juices market recorded negative rate of growth in recent years. However, performance of the market is expected to accelerate over the forecast period. The US remains the world’s largest juice market in both value and volume terms. Markets such as Indonesia, China, India, Brazil and South Africa recorded high growth during 2010-2015. The demand for natural fruit and vegetable juices remained high globally. The Global soft drinks market registered moderate growth during the review period (2015-2019). The growth of the market is expected to decelerate over the forecast period (2019-2024). The rise in urbanization and high population growth in Asia-Pacific is contributing to the growth of the soft drinks market in the region. Asia-Pacific accounted for healthy growth with 35.8% share in the global value in 2019. Moreover, rising trends such as sugar free drinks, increased demand for healthy drinks, and strict government regulation to curb use of sugar in all soft drinks, encouraged manufacturers to launch healthy beverages.
Who are the leading players in the global soft drinks market?
Coca-Cola is the leading player in the global soft drinks market, accounting for a significant percentage of the market value in 2019. PepsiCo is the second-largest player in the global soft drinks market, by market value in 2019. Switzerland-based multinational Nestle is the third leading player in the global soft drinks market, accounting for a fair percentage of the market value in 2019.
Switzerland
United States of America
France
United States of America
Netherlands
China
China
South Korea
China
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