Soft Drink and Ice Market Report 2026

The soft drink and ice market size has grown steadily in recent years. It will grow from $488.25 billion in 2025 to $510.89 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to expansion of mass-market soft drink consumption, growth of quick service restaurants, widespread availability of cold storage facilities, strong on-trade beverage demand, increasing urban lifestyle adoption.

The soft drink and ice market size is expected to see strong growth in the next few years. It will grow to $621.2 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increasing preference for healthier beverage alternatives, rising demand for premium ice products, expansion of smart vending and dispensing systems, growing investment in sustainable packaging, increasing consumption in emerging markets. Major trends in the forecast period include increasing demand for low-sugar beverage options, rising consumption of packaged ice products, growing focus on premium and craft soft drinks, expansion of automated beverage production lines, enhanced emphasis on cold beverage distribution.

The growing popularity of energy drinks and sports drinks is expected to propel the growth of the soft drink and ice market going forward. Energy and sports drinks are beverages formulated to provide energy, hydration, and performance support, particularly for physically active consumers. Their rising consumption has positively influenced demand for soft drinks and ice, as these beverages are often consumed alongside soft drinks or used as mixers, increasing overall beverage consumption occasions. For instance, in April 2025, according to the Institute of Food Technologists (IFT), a U.S.-based food science and technology organization, global sales of energy drinks are projected to grow by 36.7% between 2024 and 2029. Therefore, the increasing popularity of energy and sports drinks is driving the growth of the soft drink and ice market.

Major companies operating in the soft drink and ice market are focusing on product innovations and brand revivals, such as Campa Cola, to capitalize on nostalgia and broaden their beverage portfolios. Campa Cola is an iconic Indian soft drink brand known for its distinctive taste and memorable advertising. For instance, in March 2023, Reliance Industries Limited, an India-based multinational conglomerate, relaunched the Campa Cola brand nearly 23 years after it exited the Indian market. The relaunch included three flavors - Campa Cola, Campa Lemon, and Campa Orange - within the sparkling beverage category. The products were introduced in multiple pack sizes, ranging from 200 ml immediate-consumption packs to 2,000 ml family packs, targeting diverse consumption occasions and expanding market reach.

In January 2025, Carlsberg Group, a Denmark-based brewing company specializing in alcoholic beverages, acquired Britvic Plc for an undisclosed amount. Through this acquisition, Carlsberg aims to significantly expand its non-alcoholic beverage portfolio by integrating Britvic’s soft drinks, iced coffee, and plant-based beverage brands. This strategic move positions Carlsberg as the UK’s largest multi-beverage supplier and strengthens its presence beyond alcoholic drinks. Britvic Plc is a UK-based beverage company specializing in soft drinks and iced coffee.

Major companies operating in the soft drink and ice market are PepsiCo Inc., The Coca-Cola Company, Coca-Cola Europacific Partners plc, Fomento Económico Mexicano S.A.B. de C.V., Red Bull GmbH, Nestlé S.A., Keurig Dr Pepper Inc., Asahi Group Holdings Ltd., Danone S.A., Suntory Holdings Ltd., Hamoud Boualem, National Beverage Corp., Seaman's Beverages, Jones Soda Co., Niagara Bottling LLC, Novamex, Pascual Boing, Primo Water Corporation, Reed's Inc., A.G. Barr plc, Drinko, Murree Brewery, Bickford's Australia Pty Ltd., Royal Crown Cola International, Ricqlès.

Asia-Pacific was the largest region in the soft drink and ice market in 2025. Western Europe was the second-largest region in the soft drink and ice market. The regions covered in the soft drink and ice market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the soft drink and ice market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The soft drinks and ice market consists of sales of carbonated soft drinks, ice flakes, ice cubes, ice nuggets, bottled water, Ready to Drink (RTD) tea and coffee, juices and juice concentrates, functional drinks, and other soft drinks and ice. The companies in the soft drink and ice industry process raw materials into soft drinks, ice, and purified and bottled water, package and distribute them through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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