Carbonated Soft Drinks Market | Key Trends and Forecast to 2024

Carbonated Soft Drinks Market size, Share and growth

Carbonated Soft Drinks Market was worth USD 390.2 billion in 2019 and estimated to be growing at a CAGR of 2.83%, to reach USD 448.6 billion by 2024.

Carbonated Soft Drinks Market Overview:

Carbonated Soft Drinks Market was worth USD 390.2 billion in 2019 and estimated to be growing at a CAGR of 2.83%, to reach USD 448.6 billion by 2024. Soft drink is a beverage which consists of carbonated water or still water, a sweetening agents and flavouring substances. The sweeteners could be either natural or artificial. Depending on the type of drink it may contain caffeine, coloring agents, stabilizers, preservatives and other ingredients. Soft drink has a very high percentage of which leads to extra transportation charges and occupy excess places in warehouses.

Carbonated Soft Drinks Market Drivers and Restraints:

With rising urbanisation, there has been a change in the food habits of the younger generation which is a major factor for the growth of the market. The demand for carbonated soft drink has accelerated with the rising demand for processed food. Increased government scrutiny acts as a market obstacle in the forecast period. Due to the high sugar content, consumers are becoming conscious of consuming the carbonated soft drinks.

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