Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 35.1 Billion | USD 53.4 Billion | 6.39% | 2021 |
FrequentlyAsked Questions
The global soft drink concentrates market is projected to grow owing to the exponentially growing population and the sub-segment of end-consumers who consume soft drinks regularly. In November 2022, the world population will cross the 8 billion mark and the number is projected to reach closer to 8 billion by the end of 2030.
According to study, the global soft drink concentrates market size was worth around USD 35.1 billion in 2021 and is predicted to grow to around USD 53.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.39 % between 2022 and 2030.
The global soft drink concentrates market is anticipated to witness the highest CAGR in North America owing to high consumption rates in countries like Mexico, Canada, and the US. Constant product innovation is a major reason why regional companies are dominating the international market.
The Coca-Cola Company, Royal Crown Cola Company Inc., Pepsico Inc., Dr. Pepper Snapple Group Inc., Cott Corporation, Monster Beverage Corporation, Royal Cosun, Dohler Group, Big Red Inc., and David Berryman Limited are the leading players in the global soft drink concentrates market.
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