Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR44622

  • Global Soft Drinks Market size in India to grow by USD 982.4 billion during 2024-2029 - Technavio

    The soft drinks market is charging toward a dazzling future, with Technavio projecting a soft drinks market size of USD 982.4 billion by 2029. This is driven by a 12.6% compound annual growth rate (CAGR) from 2025 to 2029, reflects a global craving for non-alcoholic beverages. The report, "Soft Drinks Market Growth Analysis - Size and Forecast 2025-2029," uncovers regional trends powering this rise from North America’s embrace of healthy soft drinks to Asia-Pacific’s passion for soft drink flavors. Curious about the more details? Dive Into Sample Now and see what’s bubbling up.

    Global Soft Drinks Market 2025-2029

    Regional Spotlight: Growth Hotspots Unveiled

    North America dominates soft drinks sales, with the U.S. leading a pivot to sugar-free soft drinks and low-calorie drinks. By 2025, this region will claim a major chunk of the beverage industry, as drinkers opt for functional beverages like nutrient-rich waters and energy drinks. “The fizz is fading,” a Technavio analyst noted. “Health-focused Gen Z is rewriting soft drinks trends here.”

    Asia-Pacific (APAC) takes the growth lead, poised to fuel 43% of the soft drinks market boom by 2029. Urbanization, rising paychecks, and a young crowd are spiking soft drinks consumption in China, India, and Japan. From exotic soft drink flavors to the enduring cola market, APAC’s thirst outpaces all, making it a magnet for soft drink manufacturers.

    Europe’s soft drinks market hums with premium soft drinks and eco-friendly packaging, led by Germany, the UK, and France. Strict sugar caps are pushing low-calorie drinks and organic options over sugary carbonated drinks. South America, with Brazil’s juice flair, and the Middle East and Africa (MEA), with affordable hydration, round out the global sip.

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    Market Dynamics

    • Drivers: A worldwide wellness push is shaking up the beverage industry, lifting healthy soft drinks and functional beverages. Growing incomes in APAC and a fast-paced lifestyle are turbocharging soft drinks sales.
    • Trends: Soft drinks innovations like hibiscus sodas or stevia-sweetened blends are jazzing up soft drink flavors. Eco-friendly packaging and a tilt toward premium soft drinks are captivating Europe and North America.
    • Challenges: Skyrocketing costs for sugar and bottles are pinching soft drink manufacturers. Europe’s sugar taxes, APAC’s local rivals, and homemade brews in MEA threaten soft drinks sales, though convenience keeps the edge.

    Segmentation and Sub-Segments

    Technavio slices the soft drinks market this way:

    Product:

    • Carbonated Drinks
    • Juices and Juice Concentrates
    • Bottled Water
    • RTD Tea and Coffee
    • Others

    Distribution Channel:

    • Offline
    • Online

    Geography:

    • North America
    • Europe
    • Asia-Pacific (APAC)
    • South America
    • Middle East and Africa (MEA)

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    Key Players: Titans and Trailblazers

    The soft drinks market is a showdown of big names and bold upstarts. Here’s who’s pouring it on:

    • PepsiCo Inc.: A cola market king, pushing sugar-free soft drinks and APAC-tailored flavors.
    • The Coca-Cola Co.: Rules with iconic carbonated drinks, now betting big on functional beverages.
    • Nestlé SA: Leads in bottled water and premium soft drinks, eyeing health trends.
    • Asahi Group Holdings Ltd.: Crafts niche soft drink flavors for premium seekers.
    • Purity Soft Drinks Ltd.: Thrives with organic, artisanal non-alcoholic beverages.

    Market Momentum: Health Meets Creativity

    The USD 982.4 billion goal rides a wave away from sugary carbonated drinks toward healthy soft drinks. Bottled water shines, with sparkling and fortified spins topping North America and Europe. APAC’s hooked on soft drinks innovations, from kiwi-infused fizz to energy drinks for busy bees. “Creativity’s the kicker,” the analyst said. “Soft drink manufacturers are mixing bold tastes with eco-friendly packaging to stay fresh.”

    Roadblocks Ahead

    The beverage industry faces choppy waters. Rising costs and Europe’s sugar crackdowns test soft drink manufacturers, while APAC’s local brands and shaky wallets could slow the roll. DIY juices in MEA and South America nibble at soft drinks sales, but branded ease holds strong.

    Competitive Edge: Brands in the Ring

    The soft drinks market pits giants against scrappers. PepsiCo and Coca-Cola lean into functional beverages, while Europe’s smaller soft drink brands bank on premium soft drinks and green vibes. Technavio maps the moves shaping the cola market through 2029.

    Why It’s a Big Deal

    The USD 982.4 billion mark is a wake-up call for the beverage industry. North America’s low-calorie drinks obsession offers a playbook, while APAC’s soft drinks consumption boom screams potential. “This is your shot,” the analyst urged. “Soft drink manufacturers and retailers can’t sleep on this.”

    Future Sip: A World of Thirst

    By 2029, the soft drinks market will mirror a globe rethinking its pour. North America’s sugar-free soft drinks and APAC’s soft drink flavors paint a picture of growth and grit.

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