Market Size of Soft Drink Concentrates Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Soft Drink Concentrates Market Analysis
The Global Soft Drink Concentrate Market is projected to register a CAGR of 5.34% during the forecast period.
The surge in urbanization in developing countries has led to a growing demand for ready-to-eat food and drinks. This has led to the easy availability of soft drink concentrates in the emerging market to meet the demand without the occurrence of a gap in supply. Though, consumers in developing countries are inclining their interest toward natural drinks without the trace of artificial sweeteners. Owing to this, the soft drink concentrates market in the established markets is moving towards maturity. Also, increasing consumer preference for such beverages has fueled the market. Also, the growth potential of the market depends on the research & development and opportunities to introduce new flavors of concentrates.
Additionally, the global soft drinks concentrate market is projected to develop significantly over the projection period, owing to an increase in consumer demand for healthier products. Moreover, growing people's expenditure on soft drinks in both developing and developed nations is also expected to boost beverage demand. According to Office for National Statistics in 2021, annual expenditure on fruit juices, vegetable juices, and other soft drinks in the United Kingdom was GBP 8.98 billion (USD 11.3 billion). This is likely to hasten the expansion of the global soft drinks concentrate market in the coming years. Furthermore, increased consumer knowledge of the advantages linked with soft drinks concentrates is projected to bolster the global soft drinks concentrate market growth. Key industry participants are working on novel items that entice people to consume their products, which is likely to raise soft drink sales internationally. Moreover, changing consumer lifestyles, combined with rising food and beverage demand, is likely to accelerate the growth of the global soft drinks concentrate market. Furthermore, the spike in the number of customers worldwide is expected to spur the expansion of the global soft drinks concentrate market.
Soft Drink Concentrates Industry Segmentation
Soft drinks concentrate are beverages that contain carbonated or purified water, sweeteners, and flavoring substances. The sweeteners can be sugar, corn syrup with fructose, fruit juice, or sugar substitutes, that is, artificial or natural. The global soft drink concentrate market has been segmented into type, distribution channel, and geography. By type, includes carbonated drinks and non-carbonated drinks. By distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail stores, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
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| Carbonated | |
| Non-Carbonated |
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| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
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Soft Drink Concentrates Market Size Summary
The global soft drink concentrate market is experiencing a notable expansion, driven by increasing urbanization and the rising demand for ready-to-eat food and beverages, particularly in developing countries. This demand has facilitated the widespread availability of soft drink concentrates, ensuring a steady supply to meet consumer needs. However, there is a growing trend towards natural drinks with no artificial sweeteners, which is influencing market dynamics, especially in established markets where the sector is nearing maturity. The market's growth is further supported by consumer preferences for healthier options and the ongoing research and development efforts aimed at introducing new flavors. The shift towards organic and natural ingredients is also gaining traction, as consumers become more aware of the benefits of organic beverages, which are perceived as healthier alternatives to traditional soft drinks.
The Asia Pacific region is expected to witness significant growth in the soft drink concentrate market, with countries like China, India, and Japan leading the charge due to increased disposable incomes and heightened health awareness. The market is highly competitive, with major players such as The Coca-Cola Company, PepsiCo, and Keurig Dr Pepper focusing on strategic mergers, acquisitions, and product innovations to expand their market presence. The introduction of soda syrups and other innovative products aimed at reducing packaging waste reflects the industry's response to evolving consumer preferences and environmental concerns. As consumer lifestyles change and demand for convenient beverage options rises, the soft drink concentrate market is poised for continued growth, with both domestic and global players vying for a larger share of the market.
Soft Drink Concentrates Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Carbonated
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2.1.2 Non-Carbonated
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Retail Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle East and Africa
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Soft Drink Concentrates Market Size FAQs
What is the current Soft Drink Concentrates Market size?
The Soft Drink Concentrates Market is projected to register a CAGR of 5.34% during the forecast period (2024-2029)
Who are the key players in Soft Drink Concentrates Market?
The Coca-Cola Company, RC Cola International, Dohler GmbH, Pepsico Inc. and Keurig Dr Pepper, Inc. are the major companies operating in the Soft Drink Concentrates Market.
