Carbonated Soft Drinks Market Report 2025 (Global Edition)

Global Carbonated Soft Drinks Market Report 2025 Market Size Split by Type Outlook: (Diet Cola, Fruit Flavored Carbonates, Standard Cola, Other), by Packaging Type Outlook: (Disposable Cups, Glass Bot...

Carbonated Soft Drinks Market Report Description

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Carbonated Soft Drinks Market Insights Video

Competitive Landscape of the Carbonated Soft Drinks Market

In the Carbonated Soft Drinks market's competitive landscape, numerous key competitors are driving innovation and growth. There is a growing demand for healthier carbonated drinks, such as low-sugar, sugar-free, and organic options. Consumers are becoming more health-conscious and are increasingly turning to beverages with functional benefits, including drinks with added vitamins, minerals, and electrolytes. Companies are innovating in this space by offering sparkling waters, kombucha, and other functional beverages. The market's future lies in the ability of companies to adapt to changing consumer preferences, embrace sustainability, and leverage innovation to remain relevant and competitive.

In August 2022, PepsiCo, Inc. revealed a strategic partnership with the premium Romanian spring water brand AQUA Carpatica. Through this agreement, PepsiCo acquired a 20% equity stake in AQUA Carpatica. The partnership grants PepsiCo distribution rights for the spring water in Romania and Poland, with potential expansion into additional markets, including the United States. (Source: https://www.pepsico.com/our-stories/press-release/pepsico-and-aqua-carpatica-announce-strategic-relationship08022022#:~:text=PURCHASE%2C%20N.Y.%2C%20Aug.,equity%20stake%20in%20AQUA%20Carpatica. )

Top Companies Market Share in Carbonated Soft Drinks Industry: (In no particular order of Rank)

• ANADOLU GRUBU A.Åž.
• COCA-COLA FEMSA
• Danone
• JONES SODA CO.
• Keurig Dr Pepper Inc.
• Monster Energy Company
• National Beverage Corp.
• PepsiCo
• Refresco Group
• SODASTREAM INTERNATIONAL LTD.
• SUNTORY BEVERAGE & FOOD LIMITED
• The Coca-Cola Company
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Carbonated Soft Drinks Market

Which Region Dominates the Carbonated Soft Drinks Market in 2024?

According to Cognitive Market Research, North America currently dominates the Carbonated Soft Drinks market, and the region is expected to have significant growth during the projected period. The fast-paced lifestyle of North American consumers has fueled the demand for ready-to-consume beverages, such as carbonated soft drinks. The prevalence of grab-and-go culture, especially in urban areas, makes CSDs a favored choice. Factors such as increased demand for carbonated beverages, shifting eating habits, and a growing youth population in the region significantly contribute to market growth. As of July 1, 2023, there were over 2.2 million individuals aged 15 to 19 years and more than 2.6 million aged 20 to 24 years, collectively accounting for 12.1% of the estimated 40.1 million population. This marks an increase from July 1, 2022, when these age groups represented 11.9% of the population, which then stood at over 38.9 million.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). There is a rising demand for premium carbonated beverages that are marketed as healthier, crafted, or containing natural ingredients. Unilever has been the leading player in the functional/fortified beverages market in India since 2019. In December 2018, the company acquired the Horlicks and Boost brands from GlaxoSmithKline. Horlicks holds a 40% share of the Indian functional/fortified beverages market, while Boost contributes an additional 10%. The functional/fortified beverage market in India is highly concentrated, with eight companies controlling 82% of the market, leaving no other company with a significant share. As a result of these acquisitions, Unilever experienced a 107% compound annual growth rate (CAGR) from 2016 to 2021. Beverages with added benefits, such as those infused with vitamins or offering low-sugar options, are becoming increasingly popular among health-conscious consumers.

The current report Scope analyzes Carbonated Soft Drinks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Carbonated Soft Drinks Market Analysis

According to Cognitive Market Research, the global Carbonated Soft Drinks market size was estimated at USD 225614.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 90245.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Carbonated Soft Drinks market with a market size of USD 71203.94 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. In the U.S., the demand for the Carbonated Soft Drinks market is driven by the fast-paced lifestyle favoring convenient, grab-and-go beverages, and the introduction of innovative low-calorie and functional drink options.
• The Canada Carbonated Soft Drinks market had a market share of USD 10829.50 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Canada, the demand for the Carbonated Soft Drinks market is driven by the growing preference for premium and health-conscious beverage options, and seasonal demand driven by outdoor activities and social gatherings.
• The Mexico Carbonated Soft Drinks market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 8212.37 million in 2024.

Europe Carbonated Soft Drinks Market Analysis

According to Cognitive Market Research, the global Carbonated Soft Drinks market size was estimated at USD 225614.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 67684.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

• The United Kingdom Carbonated Soft Drinks market had a market share of USD 11370.9 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Carbonated Soft Drinks sales witness an upswing due to the increasing consumer preference for low-sugar and sugar-free beverages, coupled with innovative product launches catering to health-conscious lifestyles and sustainability initiatives.
• The French carbonated Soft Drinks market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 6226.96 million in 2024.
• According to Cognitive Market Research, the German Carbonated Soft Drinks market size was valued at USD 13401.50 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Carbonated Soft Drinks surged due to the robust market for premium and natural ingredient-based options, and a high per capita consumption of soft drinks.
• The Italy Carbonated Soft Drinks market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 5820.85 million in 2024.
• The Russia Carbonated Soft Drinks market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 10491.07 million in 2024.
• The Spain Carbonated Soft Drinks market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 5550.12 million in 2024
• The Luxembourg Carbonated Soft Drinks market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2098.21 million in 2024.
• The Portugal Carbonated Soft Drinks market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 1421.37 million in 2024.
• The Greece Carbonated Soft Drinks market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 812.21 million in 2024.
• The Rest of Europe's Carbonated Soft Drinks market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 10491.07 million in 2024.

Asia Pacific Carbonated Soft Drinks Market Analysis

According to Cognitive Market Research, the global Carbonated Soft Drinks market size was estimated at USD 225614.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 51891.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Carbonated Soft Drinks market size was valued at USD 23351.10 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Carbonated Soft Drinks surged in China due to the increasing popularity of Western brands, as well as the demand for convenient and refreshing beverage options.
• The Japan Carbonated Soft Drinks market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 7161.00 million in 2024.
• The India Carbonated Soft Drinks market had a market share of USD 6226.96 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's growing youthful population, urbanization, and the increasing adoption of Western lifestyles, which include a higher consumption of soft drinks, particularly among the middle class, drive the market.
• The South Korean Carbonated Soft Drinks market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 5189.13 million in 2024.
• The Australian Carbonated Soft Drinks market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 2698.35 million in 2024.
• The South East Asia Carbonated Soft Drinks market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 3580.50 million in 2024.
• The Rest of the Asia Pacific Carbonated Soft Drinks market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 3684.28 million in 2024.

South America Carbonated Soft Drinks Market Analysis

According to Cognitive Market Research, the global Carbonated Soft Drinks market size was estimated at USD 225614.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 11280.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Carbonated Soft Drinks market size was valued at USD 4828.15 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Carbonated Soft Drinks flourished in Brazil due to the increasing urbanization, and the rising preference for carbonated beverages in social and family gatherings.
• Argentina's Carbonated Soft Drinks market had a market share of USD 1895.16 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's cultural affinity for soft drinks, and the availability of a wide variety of flavors catering to diverse consumer preferences, driving the market.
• Colombia's Carbonated Soft Drinks market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 1003.98 million in 2024.
• Peru's Carbonated Soft Drinks market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 925.02 million in 2024.
• Chile's Carbonated Soft Drinks market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 812.21 million in 2024.
• The Rest of Latin America's Carbonated Soft Drinks market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1816.20 million in 2024.

Middle East Carbonated Soft Drinks Market Analysis

According to Cognitive Market Research, the global Carbonated Soft Drinks market size was estimated at USD 225614.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 4512.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• The GCC Countries Carbonated Soft Drinks market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1931.26 million in 2024. Carbonated Soft Drinks sales flourish due to the growing tourism and hospitality sectors, and a preference for ready-to-consume, refreshing beverages in a hot climate.
• The Egypt Carbonated Soft Drinks market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 473.79 million in 2024.
• The South Africa Carbonated Soft Drinks market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 712.94 million in 2024. Carbonated Soft Drinks sales flourished in South Africa due to urbanization, a large youth population, and changing lifestyles that favor convenience and quick refreshment.
• The Turkey Carbonated Soft Drinks market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 388.06 million in 2024.
• The Nigeria Carbonated Soft Drinks market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 473.79 million in 2024.
• The Rest of the MEA Carbonated Soft Drinks market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 532.45 million in 2024.

Carbonated Soft Drinks Market Analysis

How are Segments Performing in the Global Carbonated Soft Drinks Market?

Carbonated Soft Drinks Market Type Segment Analysis

According to Cognitive Market Research, Diet Cola is likely to dominate the Carbonated Soft Drinks Market over the forecast period. As consumers become more health-conscious, there is an increasing shift towards low-calorie alternatives to traditional sugary sodas. Diet Cola, which typically contains little or no calories, has become an attractive option for people looking to reduce their calorie intake without sacrificing taste. Rising awareness about the health risks associated with obesity and diabetes has made many consumers opt for diet or sugar-free beverages, contributing to the growth of the Diet Cola segment.

Fruit Flavored Carbonates is the fastest-growing segment in the Carbonated Soft Drinks Market. Fruit-flavored carbonates are perceived as more refreshing and flavorful compared to traditional sodas. These drinks typically incorporate natural fruit extracts or juices, offering a more vibrant and fruity taste that appeals to a wide range of consumers, especially younger generations. Consumers are increasingly attracted to exotic and tropical fruit flavors, such as passion fruit, mango, guava, and pomegranate, which provide a more unique and diverse drinking experience compared to traditional cola and lemon-lime variants. These flavors are seen as a refreshing alternative to the standard carbonated beverages.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carbonated Soft Drinks Industry. Request a Free Sample PDF!

Carbonated Soft Drinks Market Packaging Type Segment Analysis

According to Cognitive Market Research, the Metal Can segment holds the largest share of the market. Metal cans are lightweight, portable, and easy to carry, making them ideal for on-the-go consumption. With the increasing demand for convenience, especially among busy consumers, metal cans are a popular choice for carbonated beverages. Consumers appreciate the ease of carrying and consuming soft drinks in metal cans, whether on public transportation, at events or while traveling. Cans are often seen as a more practical option for single-use consumption, especially in settings like outdoor events, concerts, or parties where convenience is key. The compact nature of cans also allows for more efficient storage and distribution.

In the Carbonated Soft Drinks Market, Glass Bottles have been expanding at a rapid pace. Glass bottles are often associated with a premium, high-quality product image. Consumers perceive glass as a more sophisticated, authentic, and premium packaging material compared to plastic or aluminum. Many consumers are willing to pay a higher price for soft drinks packaged in glass bottles due to the perceived superior quality and the aesthetic appeal of glass containers. Glass bottles evoke a sense of nostalgia, particularly in carbonated soft drinks, which were historically sold in glass bottles. This connection to tradition, combined with a growing consumer interest in craft beverages, makes glass an attractive packaging choice for premium and artisanal products.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carbonated Soft Drinks Distribution Channel Outlook: Segment Analysis

Carbonated Soft Drinks Market Distribution Channel Segment Analysis

According to Cognitive Market Research, The Off-trade segment holds the largest market share. Off-trade channels, particularly supermarkets, hypermarkets, and convenience stores, provide easy access to carbonated soft drinks. These stores are often located in residential areas, making it convenient for consumers to purchase their favorite drinks during routine shopping trips. The increasing number of such retail outlets, both physical and online, makes it easier for consumers to find a wide range of carbonated beverages.

In the Carbonated Soft Drinks market, the rapidly growing sector is the On-trade category. CSDs are a popular accompaniment to fast food, casual dining, and snacks, with certain beverage types (like colas or lemon-lime sodas) complementing specific cuisines. This pairing is particularly prevalent in quick-service restaurants (QSRs) such as McDonald’s, KFC, and Subway, where the inclusion of a soft drink in combo meals is standard. Many on-trade establishments offer customizable options for carbonated beverages, such as fountain machines with flavor-mixing capabilities. These innovations enhance the appeal of CSDs in food service settings.

• Off-trade
• On-trade

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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