Global Carbonated Soft Drink Market Size & Outlook

The carbonated soft drink industry worldwide is expected to reach a projected revenue of US$ 320.1 million by 2028. A compound annual growth rate of 4.7% is expected of the worldwide carbonated soft drink industry from 2021 to 2028.
Revenue, 2020 (US$M)
$221.6
Forecast, 2028 (US$M)
$320.1
CAGR, 2021 - 2028
4.7%
Report Coverage
Worldwide

Global carbonated soft drink market highlights

  • The global carbonated soft drink market generated a revenue of USD 221.6 million in 2020 and is expected to reach USD 320.1 million by 2028.
  • The market is expected to grow at a CAGR (2021 - 2028) of 4.7% by 2028.
  • In terms of segment, cola accounted for a revenue of USD 116.8 million in 2020.
  • Citrus is the most lucrative flavor segment registering the fastest growth during the forecast period.
  • In terms of region, Latin America was the largest revenue generating market in 2020.
  • Country-wise, Germany is expected to register the highest CAGR from 2021 to 2028.

Global data book summary

Market revenue in 2020USD 221.6 million
Market revenue in 2028USD 320.1 million
Growth rate4.7% (CAGR from 2020 to 2028)
Largest segmentCola
Fastest growing segmentCitrus
Historical data covered2016 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCola, Citrus

Other key industry trends

  • In terms of revenue, the North America accounted for 18.1% of the global carbonated soft drink market in 2020.
  • By country, the Brazil is projected to lead the global market in terms of revenue in 2028.
  • By country, Germany is the fastest growing regional market and is projected to reach USD 13.1 million by 2028.

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Carbonated Soft Drink Market Scope

Carbonated soft drink market segmentation & scope
Cola
Citrus
Others
Hypermarkets, Supermarkets & General Merchandisers
Convenience Stores & Gas Stations
Food Service Outlets
Online & D2C
Others

Carbonated Soft Drink Market Companies

Name Profile # Employees HQ Website

Global carbonated soft drink market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbonated soft drink market will help companies and investors design strategic landscapes.


Cola was the largest segment with a revenue share of 52.71% in 2020. Horizon Databook has segmented the Global carbonated soft drink market based on cola, citrus covering the revenue growth of each sub-segment from 2016 to 2028.


  • Global Carbonated Soft Drink Flavor Outlook (Revenue, USD Million, 2016-2028)
    • Cola
    • Citrus
    • Others
  • Global Carbonated Soft Drink Distribution Channel Outlook (Revenue, USD Million, 2016-2028)
    • Hypermarkets, Supermarkets & General Merchandisers
    • Convenience Stores & Gas Stations
    • Food Service Outlets
    • Online & D2C
    • Others

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Target buyers of Global carbonated soft drink market databook

  • Our clientele includes a mix of carbonated soft drink market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbonated soft drink market , including forecasts for subscribers. This global databook contains high-level insights into Global carbonated soft drink market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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Global carbonated soft drink size, by regions, 2016-2028 (US$M)

Top 10 countries: Carbonated soft drink size, 2020 (US$M)

Global carbonated soft drink share, by flavor, 2020 & 2028 (%, US$M)

Carbonated soft drink market: Opportunity assessment by country

Global carbonated soft drink market, by region, 2020 (US$M)

Global carbonated soft drink size, by regions, 2016-2028 (US$M)

Flavor 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR
North America 33.9 35.3 36.6 38.8 40.0 42.7 45.0 47.1 49.1 51.1 53.1 55.1 57.0 4.5%
Europe 39.3 40.6 41.8 44.1 45.0 47.8 50.0 51.9 53.7 55.5 57.2 58.9 60.5 3.8%
Asia Pacific 45.0 47.2 49.4 52.9 54.9 59.2 62.9 66.3 69.7 73.2 76.7 80.2 83.7 5.4%
Latin America 51.7 53.7 55.6 58.8 60.4 64.3 67.5 70.4 73.2 76.0 78.7 81.4 84.0 4.2%
MEA 16.7 17.7 18.7 20.3 21.3 23.1 24.8 26.4 28.0 29.7 31.4 33.1 34.9 6.4%
Overall 186.5 194.4 202.2 214.8 221.6 237.0 250.1 262.0 273.7 285.4 297.0 308.7 320.1 4.7%

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