Carbonated Beverage Market Report 2026

The carbonated beverage market size has grown strongly in recent years. It will grow from $493.75 billion in 2025 to $523.46 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to expansion of mass-market soft drink consumption, strong brand-led beverage marketing, growth of retail beverage distribution networks, widespread adoption of PET bottling, increasing urban consumer demand.

The carbonated beverage market size is expected to see strong growth in the next few years. It will grow to $653.19 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising health-conscious beverage preferences, expansion of functional and fortified carbonated drinks, growing investments in sustainable packaging, increasing penetration of online beverage sales, demand for premium and artisanal carbonated beverages. Major trends in the forecast period include growing demand for low-sugar carbonated drinks, expansion of flavored and functional carbonated beverages, rising popularity of premium sparkling water, increasing focus on sustainable packaging formats, growth of direct-to-consumer beverage channels.

The increasing demand for processed food and beverage products is expected to drive the growth of the carbonated beverage market in the coming years. Processed food and beverages are products that have been altered from their original form through physical or chemical processes to enhance shelf life, flavor, or convenience. Demand for processed food and beverages is rising as fast-paced urban lifestyles encourage consumers to opt for quick and convenient meal and drink options that require minimal preparation. Carbonated beverages complement processed food and beverage consumption by offering ready-to-drink, portable options that suit the on-the-go habits of modern consumers. For instance, in July 2025, according to the Agriculture and Agri-Food Department Canada, a Canada-based government department, in 2024, the food and beverage processing sector remained Canada’s largest manufacturing industry by production value, generating $173.4 billion in goods. This accounted for 20.3% of total manufacturing sales and contributed 1.6% to the national GDP. Exports of processed food and beverage products reached a record $59.8 billion, representing a 3.8% increase compared to 2023 and accounting for 34.5% of the industry’s total production value. Therefore, the growing demand for processed food and beverage products is fueling the expansion of the carbonated beverage market.

Leading companies operating in the carbonated beverage market are concentrating on launching new and innovative carbonated drinks, such as lightly carbonated beverages, to boost consumer interest and broaden their product portfolios. Lightly carbonated beverages contain a lower level of carbonation, delivering a softer and less intense fizz compared to traditional carbonated soft drinks. For example, in October 2024, Asahi Soft Drinks Co., Ltd., a Japan-based beverage company, introduced BE, a new lightly carbonated drink aimed at Generation Z consumers. The product features three mood-based variants - BE SUNNY (grape juice with rosemary oil), BE FOCUSED (grapefruit juice with lemongrass), and BE RELAXED (apple juice with mint) - designed to support different emotional states. Developed using direct input from Gen Z through workshops and surveys, BE comes in visually appealing, portable packaging and follows a tuning drink concept that allows consumers to adjust their mood and enhance everyday moments. This launch reflects Asahi’s focus on delivering innovative, lifestyle-oriented beverages for younger, health-conscious audiences.

In May 2025, PepsiCo Inc., a US-based food and beverage company, acquired Poppi Inc. for $1.95 billion. Through this acquisition, PepsiCo seeks to strengthen its position in the better-for-you beverage segment by capitalizing on the growing demand for functional drinks that support gut health and contain reduced sugar levels, aligning with evolving consumer preferences for healthier and wellness-driven products. Poppi is a US-based beverage company recognized for its prebiotic sodas formulated with apple cider vinegar and natural ingredients.

Major companies operating 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, GreenFizz Beverages Pvt Ltd.

North America was the largest region in the carbonated beverage market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbonated beverage 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 carbonated beverage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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/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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