The Global Market Share of Beverage Industry report is segmented by product type (alcoholic and non-alcoholic beverages market), distribution channel (on-trade and off-trade), and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market size and forecasts in value (USD) for the above segments.

This timeline shows the market share of leading carbonated soft drink (CSD) companies in the United States from 2013 to 2024. Throughout this entire period, the Coca-Cola Company was the ******* CSD company. In 2024, Coca-Cola's carbonated soft drink market share amounted to roughly ** percent.  Carbonated soft drinks Carbonated soft drinks belong to the non-alcoholic beverage industry. Depending on the region, they are also well-known as soda, pop, or carbonated beverages, and cover drinks containing water, sugar or a type of artificial sweetener, and a flavoring agent. Those fizzy drinks are mostly available in regular and diet varieties. A broader definition of soft drinks may additionally include non-alcoholic ready-to-drink beverages such as juice, bottled water, functional drinks (sports and energy drinks), and coffee and tea (hot and iced).Multinational companies facing the high competition in the soft drink market comprise The Coca-Cola Corporation, Pepsi-Co. Inc. and Dr Pepper Snapple. In this segment, The Coca-Cola Corporation and PepsiCo have been long-term competitors for ages. PepsiCo always has to face the so-called ’Pepsi challenge’ as rivaling with Coca-Cola. The ‘Pepsi challenge’ originally was set up as a taste experiment. Consumers were invited to degust beverages out of two blank cups – one filled with Pepsi Cola and one containing Coca-Cola. Consumers were then asked to evaluate the taste of these two drinks and to make a choice which one of them they would prefer. The blind test let most Americans surprisingly learn that they would prefer Pepsi Cola over Coca-Cola, only guided by taste.

The Soft Drinks Market report segments the industry into Soft Drink Category (Carbonated Soft Drinks, Energy Drinks, Juices, RTD Coffee, RTD Tea, Sport Drinks), Packaging Type (Aseptic packages, Disposable Cups, Glass Bottles, Metal Can, PET Bottles), Distribution Channel (Off-trade, On-trade) and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America).

The Non-Alcoholic Beverages Market Report is Segmented Into Product Type (Energy Drinks, Sports Drinks, Juices, and More), Packaging Type (PET/Glass Bottles, Cans, Tetra Pack, Others), Category (Conventional, Free-From), Distribution Channel (On-Trade, Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Liters).

According to cognitive market research, the global beverages and soft drinks market size will be USD 418254.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 167301.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 125476.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 96198.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 20912.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 8365.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The bottled water category is the fastest growing segment of the beverages and soft drinks industry

Market Dynamics of Beverages and Soft Drinks Market

Key Drivers for Beverages and Soft Drinks Market

Increasing Consumer Preference For Convenience and Ready-To-Drink Options to Boost Market Growth

The worldwide beverages and soft drinks market is expanding rapidly, owing largely to increased consumer demand for convenience and ready-to-drink solutions. Busy lifestyles and time restrictions have made on-the-go consumption more tempting to consumers, increasing in demand for beverages that provide rapid refreshment without requiring preparation. This trend is especially noticeable in metropolitan areas where disposable expenditures are higher, and convenience is a concern. Ready-to-drink (RTD) items like bottled teas, energy drinks, flavored waters, and functional beverages are becoming increasingly popular. In addition to convenience, health-conscious consumers are increasingly choosing nutritionally beneficial beverages, which is driving industry innovation. Manufacturers are responding with products containing functional components such as vitamins, minerals, and plant extracts. For instance, in 2023, PepsiCo's net sales were more than $91 billion, powered by a complementary beverage and convenience foods portfolio that included Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio offers a diverse selection of tasty meals and beverages, including some classic brands.

Innovation in Flavors and Packaging to Drive Market Growth

The worldwide beverage and soft drink market is constantly evolving, driven by flavor and packaging innovation. Companies are developing novel flavor combinations like exotic fruits, herbal infusions, and functional components such as probiotics, vitamins, and antioxidants to cater to consumers' desire for various taste experiences. The demand for low-sugar and natural alternatives has resulted in the creation of beverages with fewer artificial sweeteners and greater health benefits. Packaging innovation is essential for enticing customers and improving environmental efforts. Companies are using eco-friendly products such as biodegradable plastics, aluminum cans, and paper-based alternatives to lessen their environmental impact. Packaging design is also focusing on convenience and portability, with resealable cans and tiny containers for on-the-go consumption.

Restraint Factor for the Beverages and Soft Drinks Market

Health Concerns Related to Sugar Consumption Will Limit Market Growth

Health concerns over sugar intake are projected to limit the global beverages and soft drinks market's growth. Consumers are becoming increasingly concerned about their dietary choices as they become more aware of the negative impacts of excessive sugar consumption, such as obesity, diabetes, and heart disease. This shift is causing a decrease in the consumption of sugary beverages such as carbonated soft drinks, energy drinks, and other sugar-laden goods. Governments and health groups around the world are also putting in place measures to reduce sugar intake. Sugar taxes, tougher labeling standards, and campaigns to promote healthier alternatives are some of them. As a result...

Global Food And Beverages market size is expected to reach $8783.18 billion by 2029 at 5.7%, segmented as by type, alcoholic – beverages, non-alcoholic – beverages, grain products, bakery and confectionery, frozen, other foods products

In 2024, carbonated soft drinks held the largest share of the United Kingdom’s non-alcoholic beverages market, with **** percent. Dilutables held the second largest share of the market, closely followed by bottled water with **** and **** percent, respectively. Beverage sales in the UK during Covid Beverage sales in grocery stores have been up in March and April of 2020 due to the coronavirus. However, on-trade sales have suffered greatly, and the final picture for 2020 is, as of the writing of this text, still taking form. Soft drink brands Licensed premises, foodservice, convenience stores, and grocery stores in the UK all have the same leading soft drink brand: Coca-Cola. The company only must bow down to the legion of soft drinks sold under private label brands in grocery stores.

According to Cognitive Market Research, the global Food and Beverage market size is USD 6684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2673.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2005.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1537.37million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 334.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 133.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The Breakfast Cereals held the highest Food and Beverage market revenue share in 2024.

Market Dynamics of Food and Beverage Market

Key Drivers of Food and Beverage Market

Rising Global Population to Increase the Demand Globally

The increasing number of people on the planet is driving up demand for food and drink, particularly in developing countries where disposable incomes are rising. There is a proportional increase in the demand for food and drink as more people enter the consumer market. The need for agricultural and food production systems to develop and adapt to satisfy growing demands is highlighted by this trend. Furthermore, it emphasizes how important sustainable practices are to ensuring food security over the long term and reducing environmental impacts. To address these issues and create resilient and equitable food systems that can meet the demands of an expanding population while preserving the planet's resources for future generations, governments, businesses, and communities must work together.

Urbanization and Busy Lifestyles to Propel Market Growth

Convenient, ready-to-eat food and beverages are in high demand due to urbanization and the spread of hectic lives. The need for easy and convenient food options has increased as more people live in cities and manage busy schedules. As a result of this trend, the availability of packaged foods, frozen dinners, and grab-and-go options has increased, appealing to consumers who want convenience without sacrificing flavor or nutrition. With urbanization driven by social and economic considerations, the portable food and beverage product market is expected to grow even further. In response to changing customer tastes, food producers and distributors are coming up with new and inventive ways to provide a wide range of easily accessible products that meet the needs of both busy lifestyles and urban residents.

Restraint Factors of Food and Beverage Market

Rising Food Prices to Limit the Sales

Increased food costs are frequently caused by changes in the price of agricultural commodities, which are made worse by supply chain interruptions and extreme weather. These dynamics, especially for vulnerable people, can substantially impact affordability and consumer purchasing. When staple foods rise in price, households might have to spend more of their income to cover their fundamental nutritional needs, leaving them with less money to spend on other necessities. Furthermore, rising food prices have the potential to worsen food insecurity, increasing the likelihood of poverty and malnourishment in impacted areas. Businesses, civil society, and governments must tackle these issues by strengthening the food systems' resilience, reducing price volatility, and guaranteeing that all societal segments have fair access to reasonably priced and nutrient-dense food.

Stringent Regulatory and Compliance Requirements 

The food and beverage sector faces a complicated array of safety, labeling, packaging, and environmental regulations that differ by area and nation. From the sourcing of ingredients to nutritional information and sustainability requirements, businesses must consistently adjust to changing legal norms. Managing these regulations can heighten operational complexity and compliance expenses, part...

The global market size of Non-alcoholic Beverages is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Non-alcoholic Beverages Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Non-alcoholic Beverages industry. The key insights of the report:
1.The report provides key statistics on the market status of the Non-alcoholic Beverages manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Non-alcoholic Beverages industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Non-alcoholic Beverages Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Non-alcoholic Beverages as well as some small players. At least 12 companies are included:
* PepsiCo
* The Coca-Cola
* Suntory Beverage & Food
* Dr Pepper Snapple Group
* Arca Continental
* Ito En
For complete companies list, please ask for sample pages.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Non-alcoholic Beverages market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Convenience Stores
* E-commerce
* Hypermarket and Supermarket
* Others

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The global non-alcoholic beverage market size was valued at USD 971.65 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,448.89 Billion by 2033, exhibiting a CAGR of 4.31% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 34.7% in 2024. The non-alcoholic beverage market share is primarily driven by the increasing demand for healthier beverage options, the elevating requirement for single-serve, ready-to-drink non-alcoholic variants, and the inflating income levels of consumers.

IMARC Group provides an analysis of the key trends in each segment of the global non-alcoholic beverage market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on product type, packaging type, and distribution channel.

Beer was, by far, the largest segment of the off-premise non-alcoholic drinks market in the United States in 2023. In that year, the beverage accounted for **** percent of the market. Spirits comprised just *** percent of sales.

The Alcoholic Beverages Market Report is Segmented by Product Type (Beer, Wine, Spirits, Others), End User (Male, Female), Packaging Type (Bottles, Cans, Others), Distribution Channel (On-Trade, Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Japan non-alcoholic beverage market size reached USD 37.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 75.8 Billion by 2033, exhibiting a growth rate (CAGR) of 7.70% during 2025-2033. The increasing demand for healthier beverage options that are low in sugar, free from artificial additives, and offer functional benefits like hydration, vitamins, or antioxidants, is primarily driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, packaging type, and distribution channel.

According to the Cognitive Market Research Report, the Carbonated Beverages Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2031. The drivers of this segment are the growing popularity of carbonated drinks amidst the sedentary and hectic lifestyle and carbonated beverages being included in the meal packages by fast food chains. The COVID-19 outbreak has had a divisive impact on the carbonated beverage industry. Carbonated beverage sales plummeted as a result of lockdowns, which forced the closure of bars, restaurants, and amusement parks. Supply chain disruptions and logistics challenges also had an impact on production and distribution. The carbonated beverages market includes flavour like cola and citrus. In 2023, cola flavour had the most share, accounting for more than XX%. Because of the benefit of being the first to market, cola-flavoured carbonated soft drinks dominate. North America led the worldwide carbonated beverage market. Increased demand for carbonated beverages, shifting eating habits, and a growing young population all contribute to the North American market's expansion. The global carbonated beverage market is fragmented and highly competitive. To stay afloat in the industry, the leading firms are continually implementing new development tactics. Product launches, innovations, mergers and acquisitions, collaborations and partnerships, and extensive R&D are some of the growth methods used by these significant companies to succeed in a competitive market.

Market Dynamics of Carbonated Beverages Market

Key Drivers for Carbonated Beverages Market

Rising Demand for Flavored and Functional Beverages: Consumers are looking for options that extend beyond conventional sodas, such as flavored, vitamin-fortified, and energy-infused carbonated beverages. This variety stimulates product innovation and enhances market attractiveness.

Increasing Urbanization and Evolving Lifestyles: The growth in disposable incomes and the rapid pace of urban life contribute to the increased consumption of convenient, ready-to-drink beverages. Carbonated drinks are favored for their refreshing qualities and suitability for social events, thereby promoting global market expansion.

Key Restraints for Carbonated Beverages Market

Health Issues Associated with Sugar and Artificial Additives:

The growing awareness of obesity, diabetes, and dental problems is leading to a decline in the demand for sugary sodas. Consumers are increasingly favoring low-calorie, natural, or sugar-free options, which is impacting the market for traditional carbonated beverages.

Strict Government Regulations and Taxes:

Governments across the globe are implementing sugar taxes and labeling requirements to reduce unhealthy consumption. The costs of compliance and increased retail prices may discourage consumers and limit market growth.

Key Trends for Carbonated Beverages Market

Expansion of Low-Calorie, Sugar-Free, and Natural Beverages: Manufacturers are introducing carbonated drinks that are free of sugar and naturally flavored to appeal to health-conscious consumers. These products are swiftly capturing market share and fostering brand loyalty.

Introduction of Unique Flavors and Functional Components: Exotic flavors, botanical infusions, and the inclusion of vitamins or probiotics are setting products apart. Functional carbonated beverages align with wellness trends, thereby increasing consumer engagement.

How did COVID-19 impact the Carbonated Beverages industry?

The COVID-19 outbreak has had a divisive impact on the carbonated beverage industry. Carbonated beverage sales plummeted as a result of lockdowns, which forced the closure of bars, restaurants, and amusement parks. Supply chain disruptions and logistics challenges also had an impact on production and distribution. Because of the epidemic, people spent more time indoors at home, which increased at-home consumption. This resulted in a significant increase in demand for carbonated beverages through retail channels such as supermarkets and online marketplaces. The pandemic's heightened emphasis on health and well-being led to an upsurge in demand for diet sodas and sparkling water. While COVID-19's first impacts on the carbonated beverage industry were severe, changes in consumption patterns and responses to changi...

The industry has registered a growth of 6.2% in 2024 from that of the last year and by 2025 it is all set to reach a total value of USD 182.2 billion. In the prediction period where 2025 is to 2035, the industry will increase by 5.4% CAGR and is expected to reach USD 308.3 billion.

Semi-Annual Market Update

Country-wise Insight

The global private label food and beverages market was worth around USD 431.98 billion in 2022 and is predicted to grow to around USD 709.25 billion by 2030, with a compound annual growth rate (CAGR) of roughly 7.34% between 2023 and 2030.

Explore the drinks market's projected growth, trends, and share by 2030. Discover insights and forecasts for a thriving beverage industry.

The global Soy Beverage industry is estimated to be worth USD 25,437.3 million by 2025. It is anticipated to reach USD 44,702.1 million by 2035, reflecting a CAGR of 5.8% over the assessment period 2025 to 2035.

Semi-Annual Market Update

Country-wise Insights

Category-Wise Insights

In 2023, carbonated beverages made up more than ** percent of India's non-alcoholic drink market. Packaged water was the second most popular choice, holding a ** percent market share during the same time. The non-alcoholic beverage sector in India had a total revenue of approximately ** billion U.S. dollars that year. Consumption of non-alcoholic beverages The non-alcoholic beverage market in India caters to a diverse consumer base, offering a wide array of options from chilled lassi (yogurt drink) to aromatic tea. As of 2023, the consumption volume of these beverages in the country stood at approximately ** billion liters. This sustained growth is reflected in the increasing revenue from these drinks. Carbonated drinks The Indian soft drinks market is diverse, featuring a variety of segments including carbonated drinks, packaged drinking water, juices, nectars, and still drinks. Among these, carbonated drinks play a major role, distinctly standing out with a market size of *** billion Indian rupees. Within this category, Coca-Cola holds a significant share of the carbonated soft drinks market in India with popular brands like Sprite, Thums Up, Limca, and Fanta.

Ready-to-drink (RTD) tea dominated the soft drinks market in Japan in 2024, with around ** percent of sales shared between black tea and other tea drinks. The Japanese non-alcoholic beverages market presents a broad portfolio of liquid refreshment beverages, which are purchasable not only via general store and non-store channels but also at over *** million vending machines installed in Japan. Tea to go in Japan Tea is a popular beverage drank in Japan, with the brewed beverage being considered a healthy alternative to mineral water and carbonates in the non-alcoholic beverage market. While the hot drink used to be prepared with dried tea leaves and freshly boiled water in the past, the market has shifted to a timesaving and convenience-centered strategy to make the beverage available at any time. Bottled RTD teas include a variety of standard teas like green or black tea as well as infusions of roasted barley, herbal teas, and grain mixes. With new, limited releases and renewals of existing products entering the Japanese market regularly, the segment is steadily impeding the growth of rivaling soft drink segments. Variety in manufacturing The Japanese non-alcoholic beverage industry is characterized by a variety of manufacturers with different strategies to approach the consumer market. While large holding companies originating from the alcoholic beverages segment are competing with a multifaceted product portfolio to cover numerous segments of the soft drinks market, other manufacturers are building their portfolios around one segment. Ito En, Ltd. has successfully established itself as a leader for RTD green tea products with a third of the market share, whereas Yakult Honsha is leading the probiotic milk drinks segment. As startups are entering the market with innovative refreshers addressing current trends and a social media-focused marketing strategy, established manufacturers are varying their assortment with seasonal flavors to win over new consumers.