Carbonated Beverage Global Market Report 2025

The carbonated beverage market size has grown strongly in recent years. It will grow from $465.65 billion in 2024 to $493.75 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to increasing urbanization, rising disposable incomes, the westernization of dietary habits, the expansion of retail distribution networks, and a growing youth population.

The carbonated beverage market size is expected to see strong growth in the next few years. It will grow to $618.54 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising consumption in emerging economies, increased e-commerce penetration, growing health awareness leading to demand for functional beverages, rising preference for on-the-go beverage options, and the expansion of fast-food chains. Key trends expected during this period include the introduction of zero-sugar variants, the use of natural sweeteners, sustainable packaging initiatives, the growing popularity of flavored carbonated water, and the launch of limited-edition seasonal products.

The rising demand for processed food and beverage products is anticipated to drive the growth of the carbonated beverage market in the coming years. Processed food and beverages are items that have undergone physical or chemical alterations to enhance shelf life, taste, or ease of use. As urban lifestyles become busier, consumers increasingly turn to quick and convenient meal solutions, fueling the demand for processed options. Carbonated beverages align well with this trend by offering ready-to-drink convenience that complements fast-paced consumption habits. For example, in October 2023, Agriculture and Agri-Food Canada (AAFC), a Canadian government agency, reported that exports of processed food and beverage products reached a record 54.3 billion dollars in 2022, reflecting a 14.1 percent increase over 2021 and accounting for 34.7 percent of the total production value. Therefore, the growing demand for processed food and beverages is a key driver of growth in the carbonated beverage market.

Leading companies in the carbonated beverage sector are focusing on launching innovative drinks, such as lightly carbonated beverages, to capture consumer interest and broaden their offerings. Lightly carbonated drinks provide a subtle fizz that is gentler than traditional sodas, appealing to those seeking a milder sensory experience. For instance, in October 2024, Asahi Soft Drinks Co., Ltd., a beverage company based in Japan, introduced BE, a new line of lightly carbonated beverages aimed at Generation Z. The lineup includes three mood-inspired variants: BE SUNNY (grape juice with rosemary oil), BE FOCUSED (grapefruit juice with lemongrass), and BE RELAXED (apple juice with mint), each designed to help users align with specific emotional states. Developed with direct input from Gen Z through workshops and surveys, BE features stylish, portable packaging and embraces a "tuning drink" concept that encourages consumers to enjoy their moments fully. This launch highlights Asahi’s commitment to innovation and meeting the lifestyle needs of younger, health-conscious consumers.

In May 2025, PepsiCo Inc., a United States-based leader in the food and beverage industry, acquired Poppi Inc. for 1.95 billion dollars. This acquisition supports PepsiCo’s strategy to expand its portfolio of health-conscious beverages by entering the growing market for functional drinks that promote gut health and contain less sugar. This move reflects shifting consumer preferences toward wellness-focused products. Poppi, a United States-based beverage company, is widely recognized for its prebiotic sodas made with apple cider vinegar and natural ingredients.

Major players in the carbonated beverage market are Nestlé S.A, PepsiCo Inc., The Coca-Cola Company, Danone S.A., The Kraft Heinz Company, Suntory Holdings Limited, Asahi Group Holdings Ltd., Keurig Dr Pepper Inc., Red Bull GmbH, Refresco Group, Monster Energy Company, ANADOLU GRUBU A.Ş., Döhler GmbH, Britvic plc, National Beverage Corp., AriZona Beverages USA LLC, Parle Agro Private Limited, A.G. Barr plc, F&N Foods Pte Ltd, Reed’s Inc., Jones Soda Co., Cott Corporation, and GreenFizz Beverages Pvt Ltd.

North America was the largest region in the carbonated beverage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carbonated beverage report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the carbonated beverage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A carbonated beverage is a drink infused with dissolved carbon dioxide gas, which creates bubbles or fizz upon release. This carbonation process delivers a tingling sensation that enhances the sensory appeal and makes the drink more refreshing. The gas is typically added under pressure during production, helping to improve both shelf life and taste.

The primary product categories of carbonated beverages include carbonated soft drinks, carbonated water, carbonated sports and energy drinks, and others. Carbonated soft drinks are non-alcoholic beverages that combine carbon dioxide gas, sweeteners, and flavorings to produce a fizzy, refreshing experience. Flavor options include cola, fruit-based, and other varieties, with packaging available in cans, bottles, and polyethylene terephthalate (PET) bottles. These beverages are distributed through a wide range of channels, including hypermarkets and supermarkets, convenience stores, food service outlets, transport terminals, and online or direct-to-consumer (D2C) platforms.

The carbonated beverage market research report is one of a series of new reports that provides carbonated beverage market statistics, including the carbonated beverage industry global market size, regional shares, competitors with the carbonated beverage market share, detailed carbonated beverage market segments, market trends, opportunities, and any further data you may need to thrive in the carbonated beverage industry. This carbonated beverage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The carbonated beverage market consists of sales of products such as fruit-flavored sodas, sparkling mineral water, tonic water, seltzers, and carbonated energy drinks. 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 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.

This product will be delivered within 3-5 business days.