Global Soft Drink and Ice Manufacturing Market, By Product (Carbonated Soft Drinks, Bottled Water, Ready to Drink (RTD) Tea and Coffee, Juices and Juice Concentrates, Functional Drinks, Pellets, Blocks, Slabs, Slice, Column, Powder), Type (Soft Drinks, Ice), Form (Ice, Purified, Bottled), Applications (Household, Commercial Use), Distribution Channel (Off-Trade Channels, On-Trade Channels), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Soft Drink and Ice Manufacturing Market
The soft drink and ice manufacturing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.05% in the forecast period of 2021 to 2028 and is expected to reach USD 555.94 billion by 2028. The rise in demand for specialty drinks or premium soft drinks among consumers is escalating the growth of soft drink and ice manufacturing market.
Soft drink refers to non-alcoholic beverages consisting of carbonated water, sweetener and artificial or natural flavoring elements. These drinks possess sugar, fruit juice, sugar substitutes and high-fructose corn syrup. The manufacturing company process raw materials into soft drinks, ice and purified and bottled water, package and then these products are distributed to both individual customers and commercial establishments.
The growing trend of soft drinks among the generation X and generation Y age groups and the increase in demand for specialty drinks or premium soft drinks owning to their low sugar content and the natural sweeteners ingredient are the major factors driving the soft drink and ice manufacturing market. The high demand for bottled water, rise in health awareness among the consumers and the inclination of consumers towards drinks produced from natural ingredients with low calories accelerate the soft drink and ice manufacturing market growth. The increase in sales of these drinks and ice products due to the outbreak of COVID-19 as consumers are stock piling their essential products including food and beverages and the rising focus on staying at home and maintaining social distance encourages consumers to stock their favorite junk food and beverage products which also influence the soft drink and ice manufacturing market. Additionally, increase in GDP growth rates, growth in health consciousness among population, change in consumer preference, surge in spending on food and beverage expenditure and rise in disposable income of people positively affect the soft drink and ice manufacturing market. Furthermore, usage of high pressure pasteurization technique, technological advancement and product innovations extend profitable opportunities to the soft drink and ice manufacturing market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of stringent government regulations associated with the marketing activities towards labeling, listing the ingredients on the product and children is expected to obstruct the soft drink and ice manufacturing market growth. The economic slowdown across nations due to the COVID-19 outbreak is projected to challenge the soft drink and ice manufacturing market in the forecast period of 2021-2028.
This soft drink and ice manufacturing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soft drink and ice manufacturing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Soft Drink and Ice Manufacturing Market Scope and Market Size
The soft drink and ice manufacturing market is segmented on the basis of product, type, form, applications and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the soft drink and ice manufacturing market is segmented into carbonated soft drinks, bottled water, ready to drink (RTD) tea and coffee, juices and juice concentrates, functional drinks, pellets, blocks, slabs, slice, column and powder.
- On the basis of type, the soft drink and ice manufacturing market is segmented into soft drinks and ice.
- On the basis of form, the soft drink and ice manufacturing market is segmented into ice, purified and bottled.
- On the basis of applications, the soft drink and ice manufacturing market is segmented into household and commercial use.
- On the basis of distribution channel, the soft drink and ice manufacturing market is segmented into off-trade channels and on-trade channels.
Global Soft Drink and Ice Manufacturing Market Country Level Analysis
The soft drink and ice manufacturing market is analyzed and market size, volume information is provided by country, product, type, form, applications and distribution channel as referenced above.
The countries covered in the global soft drink and ice manufacturing market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Central and South America dominates the soft drink and ice manufacturing market because of the high consumption of carbonated beverages, availability of products from across the globe and the popularity in the young generation in the region. Asia-Pacific is expected to witness the high CAGR during the forecast period of 2021-2028 because of the introduction of new products and product innovations in the region.
The country section of the soft drink and ice manufacturing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soft Drink and Ice Manufacturing Market Share Analysis
The soft drink and ice manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to soft drink and ice manufacturing market.
The major players covered in the soft drink and ice manufacturing market report are Nestlé, PepsiCo, Inc., The Coca-Cola Company, Anheuser-Busch Companies LLC, Danone, SUNTORY HOLDINGS LIMITED, Keurig Dr Pepper Inc., RED BULL, Asahi Soft Drinks Co., LTD., Unilever, POM Wonderful LLC, Highland Springs, ITO EN (North America) INC., Britvic PLC, innocent, A.G. Barr, Rasna, Parle Agro, Bisleri, JONES SODA CO. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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