Soda Production Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast 2014 - 2022
Soda, in form of sodium carbonate, sodium hydroxide, sodium bicarbonate, and sodium oxide, is extensively used across industries. In the food and beverages industry, soda is an important constituent of products such as soft drink, soda water, soda bread, soda cracker, and ice cream soda. Increasing consumption of soft drinks across the globe will therefore, boost the
global soda production market in the next couple of years.
Increasing Per Capita Consumption of Soft Drinks to Propel Growth of Global Soda Production Market
Sodium salts in soft drinks or water reduces the acidity of the liquid. The high per capita consumption of soft drinks along with the increasing demand for the same from supermarkets and grocery stores augments the growth of the global soda production market. Increasing demand for zero-calorie soda products among health conscious consumers also aids the growth of the overall market. Substitutes such as sports drinks, bottled water, and energy drinks have further fuelled the market. However, increasing debate over the negative impacts of soda drinks on health is expected to restrain the growth of the market.
Demand for Regular Carbonated and Diet Carbonated Soft Drinks Decreasing in Global Soda Production Market
On the basis of products, the global soda production market can be categorized into regular carbonated soft drinks, diet carbonated soft drinks, and sparkling water. Regular carbonated drinks account for more than 60% of the global soda production market. With rising consumer awareness regarding healthier drinks, the demand for regular carbonated soft drinks is consistently decreasing. Diet carbonated soft drinks with artificial sweeteners such as aspartame as the key constituent, have received a mixed response from the consumers. Presently, diet carbonated drinks hold more than 25% market share. The key soda producers are increasingly focusing on sparkling water to appeal to the consumers and increase their share in the market.
The various distribution channels of the global soda production market are gas stations and convenience stores, vending machine operators, supermarkets and grocery stores, supercenters, and warehouse clubs. Grocery stores dominate more than one-third of the overall soda production market.
Asia Pacific to Emerge as Largest Soda Production Market
The global soda production market has been segmented into four key regions: Europe, Asia Pacific, North America, and Rest of the World. Increasing demand for soda from the food and beverages industry in Asia Pacific is expected to boost the soda production market in the region. It is expected that Asia Pacific will emerge as the largest market for soda production in the next couple of years. Europe and North America are also expected to contribute significantly to the growth of the soda production market with growing demand for soda across convenience stores and gas stations in these regions.
Key Players in Global Soda Production Market
Some of the key players in the global soda production market are Jones Soda Co., Cott Corporation, The Coca-Cola Company, Trend Drinks, Faygo Beverages Inc., Asahi Soft Drinks Co. Ltd., Dr Pepper Snapple Group Inc., and PepsiCo Inc. The Coca-Cola Company holds the largest share in the market, followed by Pepsico Inc. and Dr Pepper Snapple Group Inc.
Apart from manufacturing carbonated beverages, the key players are increasingly focusing on research and development. Further, the companies are stressing on brand promotion to gain advantage in the highly competitive global soda production market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
