The Carbonated Soft Drinks Market is segmented by Soft Drink Type (Diet Cola, Fruit Flavored Carbonates, Standard Cola), by Packaging Type (Disposable Cups, Glass Bottles, Metal Can, PET Bottles), by Distribution Channel (Off-trade, On-trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume in Liters are both presented. Key data points observed include market segmental split by soft drink category, packaging type, distribution channel, and region

The global soft drinks market size reached USD 629.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 886.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.84% during 2025-2033. The market demand is experiencing moderate growth driven by the expanding middle-class population in emerging markets, rapid urbanization, on-the-go lifestyles, and expanding e-commerce and direct-to-consumer channels. Significant innovation and product diversification are also projected to fuel the market growth.

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

Explore the Soft Drinks Global Market Report 2025 Market trends! Covers key players, growth rate 5% CAGR, market size $598.26 Billion, and forecasts to 2033. Get insights now!

The Soft Drinks Market is segmented by Soft Drink Category (Carbonated Soft Drinks, Energy Drinks, Juices, RTD Coffee, RTD Tea, Sport Drinks), by Packaging Type (Aseptic packages, Disposable Cups, Glass Bottles, Metal Can, PET Bottles), by Distribution Channel (Off-trade, On-trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume in Liters are both presented. Key data points observed include market segmental split by soft drink category, packaging type, distribution channel, and region

This timeline shows the market share of leading carbonated soft drink (CSD) companies in the United States from 2008 to 2022. Throughout this entire period, the Coca-Cola Company was the leading CSD company. In 2022, Coca-Cola's carbonated soft drink market share amounted to roughly 46 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.

From the selected regions, the ranking by combined revenue in the 'Soft Drinks' segment of the non-alcoholic drinks market is led by the United States with 322.84 billion U.S. dollars and is followed by China (39.93 billion U.S. dollars). In contrast, the ranking is trailed by Iceland with 0.19 billion U.S. dollars, recording a difference of 322.65 billion U.S. dollars to the United States. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Europe regarding revenue in the Non-Alcoholic Drinks market as a whole and a ranking of subsegments in Australia regarding revenue in the Non-Alcoholic Drinks market as a whole. The Statista Market Insights cover a broad range of additional markets.

The Global Carbonated Soft Drinks Market Size Was Worth USD 445.80 Billion in 2022 and Is Expected To Reach USD 630.89 Billion by 2030, CAGR of 4.44%.

The global carbonated beverages market size was $395 billion in 2022 and was anticipated to reach $495 billion by 2030 with a CAGR of just over 4%.

India soft drinks market size reached USD 19.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 30.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.80% during 2024-2032. The widespread adoption of ready-to-drink (RTD) beverages, along with the inflating popularity of low-sugar product variants, is primarily driving the market growth across the country.

The two leading carbonated beverage companies are the Coca-Cola Company and PepsiCo Incorporated. In 2015, Coca-Cola Co. controlled just under 50 percent of the global carbonated beverage market, while PepsiCo controlled just over 20 percent of the market.

Coca-Cola - the market leader

Coca-Cola's market share demonstrates their dominance in the soft drink industry. The company also produces a wide range of other beverages to meet consumer’s needs. Other product ranges include juices, tea, coffee, water, and sports drinks. In Latin America, tea and coffee was Coca-Cola's fastest growing product category, whilst soft drinks were growing fastest in Asia Pacific.

Soft drinks market in the U.S.

Between 2018 and 2019, the volume of carbonated soft drinks sold in the United States decreased, while sales of value-added water increased by over eight percent; demonstrating a shift in beverage preferences among Americans. That being stated, carbonated soft drinks still have the highest sales volume of any liquid refreshment beverage in the United States, at over eight billion 192-oz cases.

The Uzbek soft drink market expanded slightly to $1.7B in 2024, surging by 4.3% against the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level at $1.7B in 2022; afterwards, it flattened through to 2024.

European Soft Drinks Market Size Value by Country, 2023 Discover more data with ReportLinker!

The Non-Carbonated Soft Drinks Market size was valued at USD 138.91 billion in 2023 and is projected to reach USD 221.60 billion by 2032, exhibiting a CAGR of 6.9 % during the forecasts period. Non Carbonated soft drinks are drinks that contain flavorings, sweeteners and sometimes coloring agents, but lack the bubbles or bubbles of carbonated drinks. Still soft drinks can be a refreshing and tasty alternative to sugary soft drinks. However, it is important to be aware of the sugar content of some non-carbonated soft drinks, such as fruit juices and sports drinks. Availability of various types of non-carbonated beverages, per capita income and growing consumer base is expected to drive the growth of the non-carbonated soft drinks market. In addition, the changing lifestyle encourages citizens to consume Ready to Drink (RTD) preparation, which replaces solid food and satisfies the nutritional needs of the body. In addition, several key suppliers are investing in R&D to improve production in the food and beverage industry. Moreover, in recent years, the increasing desire of consumers to drink healthy beverages and changing diets is accelerating the growth of the market.

The Irish sugary soft drink market reduced rapidly to $616M in 2024, which is down by -22.7% against the previous year. Overall, consumption, however, showed a resilient increase. As a result, consumption attained the peak level of $797M, and then dropped dramatically in the following year.

Soft Drinks Market Size Value in Italy, 2021 Discover more data with ReportLinker!

The size and share of the market is categorized based on Application (Beverage industry, Retail, Foodservice, Vending machines) and Product (Carbonated Soft Drinks, Non-Carbonated Soft Drinks, Fruit Flavored Drinks, Diet Soft Drinks) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Soft Drinks Market Size Volume in Latvia, 2021 Discover more data with ReportLinker!

Carbonated Soft Drinks Market Size Volume in France, 2021 Discover more data with ReportLinker!

Carbonated Soft Drinks Market Size Volume Per Capita in Sweden, 2021 Discover more data with ReportLinker!

Learn about the increasing demand for sugary soft drinks in the European Union and the projected market growth over the next decade.