Youthful Demographics Boost Middle East and Africa's CSD Market

Carbonated Soft Drinks Market Set to Surge, Driven by Regional Dynamics and Strategic Developments

The global carbonated soft drinks (CSD) market is poised for significant growth, with projections indicating an increase from USD 254.32 billion in 2023 to approximately USD 350.76 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 4.7%.

This expansion is fueled by evolving consumer preferences, innovative product offerings, and strategic mergers and acquisitions across various regions.

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North America: Growth Fueled by Innovation and Consolidation

North America continues to dominate the CSD market, holding a substantial share of over 40% of global revenue, with a market size of USD 90.25 billion in 2024 and an anticipated CAGR of 3.4% through 2031.

This growth is attributed to high consumer demand and continuous product innovation by major players such as The Coca-Cola Company and PepsiCo, Inc. The region has also witnessed significant consolidation, exemplified by Refresco Group N.V.'s acquisition of Cott Corporation's traditional CSD and juice business in the United States, Canada, Mexico, and the United Kingdom for $1.3 billion.

Asia Pacific: Opportunities Amidst Rapid Urbanization and Changing Lifestyles

The Asia Pacific region is emerging as a lucrative market for carbonated soft drinks, driven by rapid urbanization, rising disposable incomes, and a younger consumer base. The market is expected to grow from USD 82.89 billion in 2024 to USD 95.91 billion by 2029, with a CAGR of 2.96%.

Countries like India, China, South Korea, and Japan are leading this growth trajectory. The region has also seen strategic mergers and acquisitions, with companies like Asahi Group Holdings, Ltd. expanding their beverage portfolios to cater to diverse consumer preferences.

Europe: Trends Towards Health-Conscious Beverages and Market Expansion

Europe's carbonated soft drinks market is experiencing a shift towards healthier beverage options, with consumers increasingly opting for low-sugar and sugar-free variants. Major companies such as Suntory Holdings Limited are responding to this trend by innovating and expanding their product lines. The region's market size is projected to reach USD 126.15 billion by 2025, growing at a CAGR of 3.1%.

Recent developments include strategic partnerships and acquisitions aimed at enhancing market presence and meeting evolving consumer demands.

Middle East and Africa: Emerging Trends and Growth Opportunities

The Middle East and Africa region is witnessing promising growth in the carbonated soft drinks market, driven by increasing urbanization and a youthful demographic. Countries like Kenya and Nigeria are at the forefront of this growth, with key manufacturers eyeing the region for product penetration. The market is expected to grow at a CAGR of 6.6% through 2026, reaching $281 billion.

Recent developments include the entry of global beverage giants into the region, aiming to tap into the burgeoning demand for carbonated beverages.

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French Fries Market segmentation : 

by Flavour

Cola
Citrus
Others

The market is divided into three segments based on flavor: cola, citrus, and others. Over the course of the forecast period, the Cola flavor segment is anticipated to hold the biggest market share for carbonated soft drinks. The dominance of cola-flavored carbonated soft drinks can be attributed to the advantages of being the first to market. Cola-flavored beverages aid in weight growth. The other names for the cola-flavored beverages are soft drinks, cokes, pops, and soda pops. In cola-flavoured, caffeine, and high fructose corn syrup are present. In the United States, the need for cola-flavoured has been constantly growing. These are the benefits of cola-flavoured that are expected to boost the growth of this segment in the global carbonated soft drinks market during the forecast period 2024-2030.

by Distribution Channel

Hypermarkets, Supermarkets and Mass Merchandisers
Convenience Stores and Gas stations
Food Service Outlets
Online Stores & D2C
Others

Hypermarkets, Supermarkets and Mass Merchandisers, Convenience Stores and Gas Stations, Food Service Outlets, Online Stores & D2C, and Others are the market segments based on the distribution channel.Throughout the projected period, the distribution channel segment for hypermarkets, supermarkets, and mass merchandisers is anticipated to expand quickly and at a high CAGR. Supermarkets and general merchandisers offer a fantastic shopping experience, which is why many people opt to purchase soft drinks from them worldwide. Modern supermarket chains have sprung up everywhere as a result of urbanization and increased income levels. The mechanism for delivering food and beverages has altered as a result of the expansion of supermarkets and hypermarkets.

by Packaging

Bottles
Cans

The market is divided into two segments based on packaging: bottles and cans. With the biggest market share for carbonated soft drinks, the bottles category is predicted to increase at a high compound annual growth rate (CAGR) throughout the course of the projection period. Bottle packaging is used for carbonated soft drinks because it has many advantages, including being adaptable, having a large number of fillers, protecting the products, and durability. The bottles category came in first because consumers' desire for this type of packaging is growing quickly.

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 Learn about the top players driving innovation in the French Fries Market :

1.PepsiCo, Inc.
2. The Coca-Cola Company
3. National Beverage Corp.
4. Reeds Inc.
5. Jones Soda Co.
6. Appalachian Brewing Company
7. The Asahi Group
8. Bickford’s Australia Pvt. Ltd
9. F&N Foods Pvt. Ltd
10. Cott Corporation
11. Tru Blu Beverages
12. Suntory Holdings Ltd.
13. Keurig Dr Pepper Inc.
14. Britvic Soft Drinks Limited
15. Postobón S.A.

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