Carbonated Beverages Market - Global Industry Analysis till 2024
Albany, NY -- (SBWIRE) -- 12/26/2018 -- In the recent times, the global carbonated beverages market has undergone a number of changes and the scenario is projected to remain same over the next few years. The increasing base of the young population, specifically in developing economies, together with the rise in the purchasing power of consumers is anticipated to boost this market significantly in the years to come. Apart from this, the growing demand for processed food and beverages in BRICS countries is also expected to benefit this market in the near future.
The growing concerns over consumer health are the main factor that influences the business strategies of the leading manufacturers of carbonated beverages across the world. Of late, these manufacturers are focusing towards offering low-calorie, low-sugar, or diet varieties of beverages. Along with this, they are also concentrating on the revamping of their product lines in order to include natural additive-based products in their portfolios.
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Currently, orange, lemon, and cola are the most preferred flavors among consumers. However, recent trends indicate a shift in their preferences toward novel and innovative flavors. This, as a result, has led to the advent of new product lines based on tropical fruits, superfruits, and fusion of flavors to increase the novelty value of the beverages.
Global Carbonated Beverages Market: Geographical Analysis
Geographically, the global carbonated beverages market is classified into Asia Pacific, North America, Europe, and the Rest of the World, including Latin America and the Middle East and Africa. Europe and North America have been holding the top positions among all, thanks to the rising demand for processed food and beverages in these markets. However, on account of maturation, the opportunity of these regional markets to grow further has been seized.
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On the other hand, Asia Pacific is likely to witness a dramatic rise in its market valuation over the period of the forecast. The presence of less stringent rules and regulations and the rise in the disposable income of consumers in emerging nations, such as India, China, South Korea, and Japan, is projected to benefit the Asia Pacific market for carbonated beverages in the long run.