India Soft Drinks Market Size & Outlook, 2021-2028

The soft drinks market in India is expected to reach a projected revenue of US$ 31,220.1 million by 2028. A compound annual growth rate of 7.3% is expected of India soft drinks market from 2022 to 2028.
Revenue, 2021 (US$M)
$19,021.8
Forecast, 2028 (US$M)
$31,220.1
CAGR, 2022 - 2028
7.3%
Report Coverage
India

India soft drinks market highlights

  • The India soft drinks market generated a revenue of USD 19,021.8 million in 2021 and is expected to reach USD 31,220.1 million by 2028.
  • The India market is expected to grow at a CAGR of 7.3% from 2022 to 2028.
  • In terms of segment, carbonated was the largest revenue generating product in 2021.
  • Non-carbonated is the most lucrative product segment registering the fastest growth during the forecast period.


Soft drinks market data book summary

Market revenue in 2021USD 19,021.8 million
Market revenue in 2028USD 31,220.1 million
Growth rate7.3% (CAGR from 2021 to 2028)
Largest segmentCarbonated
Fastest growing segmentNon-carbonated
Historical data2017 - 2020
Base year2021
Forecast period2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCarbonated, Non-carbonated
Key market players worldwidePepsiCo Inc, Nestle SA, The Coca-Cola Company, Keurig Dr Pepper Inc, Red Bull, Unilever PLC, Monster Beverage Corp, Appalachian Brewing Company, ITO EN Ltd Preferred Shs Class 1, Arizona Beverage Co LLC


Other key industry trends

  • In terms of revenue, India accounted for 4.6% of the global soft drinks market in 2021.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Asia Pacific, China soft drinks market is projected to lead the regional market in terms of revenue in 2028.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 31,220.1 million by 2028.

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Soft Drinks Market Companies

Name Profile # Employees HQ Website

India soft drinks 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 soft drinks market will help companies and investors design strategic landscapes.


Carbonated was the largest segment with a revenue share of 68.85% in 2021. Horizon Databook has segmented the India soft drinks market based on carbonated, non-carbonated covering the revenue growth of each sub-segment from 2017 to 2028.


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Target buyers of India soft drinks market databook

  • Our clientele includes a mix of soft drinks 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 country-level data and insights on the India soft drinks market , including forecasts for subscribers. This country databook contains high-level insights into India soft drinks market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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India soft drinks market size, by product, 2017-2028 (US$M)

India Soft Drinks Market Outlook Share, 2021 & 2028 (US$M)

India soft drinks market size, by product, 2017-2028 (US$M)

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