Soft Drinks Market Growth and Forecast Report 2025–2030
knowledge sourcing
The global soft drinks market is projected to grow at a CAGR of 3.76%, reaching USD 329.080 billion by 2030, up from USD 273.589 billion in 2025, according to a recent report by Knowledge Sourcing Intelligence. This growth trajectory is driven by rapid innovation, shifting consumer preferences toward healthier options, and rising disposable incomes across emerging economies.
Soft Drinks Market Size & Key Highlights
CAGR (2025–2030): 3.76%
Market Value by 2030: USD 329.080 billion
Market Value in 2025: USD 273.589 billion
Companies are launching innovative flavors to appeal to younger, tech-savvy consumers.
Increasing demand for healthier alternatives, including low-sugar and diet beverages.
Fast-food chains are driving soft drink sales by bundling meals with carbonated options.
North America leads global market growth, backed by strong brand presence and high consumption rates.
Soft Drinks Market Trends
The soft drinks market is undergoing a significant transformation, led by changes in lifestyle, rising incomes, and demographic shifts. Millennials and Gen Z consumers are actively influencing purchasing decisions, prompting companies to invest in R&D and experiment with bold, new flavor profiles.
In India, Reliance Retail Ventures Ltd (RRVL) reported revenues of ₹199,704 crore (~USD 26.3 billion) and a net profit of ₹7,055 crore (~USD 931 million) for the fiscal year ending March 31, 2022. This included a strategic acquisition of the Campa brand, part of its broader plan to scale its FMCG footprint.
Meanwhile, Bisleri International introduced new fizzy offerings like Bisleri Pop, Rev, and Spyci Jeera, capturing Gen Z’s taste preferences.
Internationally, soft drink brands continue to innovate under global and regional pressures. For instance:
In Russia, after Coca-Cola exited the market post-Ukraine invasion, Ochakovo launched CoolCola, Fancy, and Street as alternatives.
PepsiCo revived its Soda Shop series with a Zero-Sugar Cream Soda Cola in late 2022.
In April 2022, Coca-Cola unveiled Zero Sugar Byte, inspired by Fortnite and the metaverse.
Nestlé is working on Coffeenade, a coffee-lemonade hybrid soft drink.
In 2023, PepsiCo introduced STARRY, a lemon-lime flavored drink, while ZAG ICE from the UK targeted adult consumers with non-alcoholic soft drink alternatives.
Market Growth Drivers
Product Innovations & Launches:
Players like Tata Consumer Products’ NourishCo are leveraging the unorganized beverage space by creating unique offerings suited to regional tastes.New Flavors & Differentiation:
Leading brands are consistently introducing differentiated, bold flavors to gain market share in an otherwise saturated industry.Diet & Zero-Calorie Trends:
With increasing health awareness, especially around obesity and sugar consumption, there’s growing demand for low-sugar and zero-calorie drinks.Tech-Savvy Marketing:
From metaverse-themed drinks to gaming collaborations, brands are turning to digitally immersive marketing strategies to capture younger audiences.
Segment Analysis: Carbonated Drinks Lead the Way
The carbonated drinks segment is expected to dominate the market, backed by:
Rising disposable incomes and fast-paced lifestyles.
Increased consumption in QSR chains like Domino’s, Pizza Hut, and Burger King.
Growing demand for diet soft drinks aligned with wellness trends.
Innovations in packaging and production, improving efficiency and reach.
According to Coca-Cola's 2022 Annual Report, revenue from non-alcoholic beverages surged, showcasing consumer appetite for both traditional and health-oriented variants. Additionally, Keurig Dr. Pepper, Inc. continues to drive growth through focused marketing and a diversified product portfolio.
Geographical Outlook: North America Remains at the Forefront
The North American region continues to dominate the global soft drinks market, largely due to:
High per capita consumption.
Strong brand loyalty for giants like Coca-Cola, PepsiCo, and Dr. Pepper Snapple Group.
Rapid product diversification with diet, flavored, and functional beverage options.
While classic cola beverages maintain a large share, the rising popularity of ready-to-drink teas, energy drinks, and flavored waters indicates a clear shift toward convenience and health-conscious consumption.
Additionally, technological advancements in production and packaging are enhancing operational efficiency, helping brands scale faster and respond to changing consumer demands.
Key Developments in the Soft Drinks Market
August 2024: Coca-Cola x OREO collaboration introduced Coca-Cola® OREO™ Zero Sugar and OREO® Coca-Cola™ Sandwich Cookie, blending two iconic brands in one cross-category product.
January 2023: PepsiCo launched STARRY, replacing Sierra Mist in its lemon-lime soda lineup.
March 2023: Nestlé filed a trademark for Coffeenade, a new hybrid soft drink.
Leading Companies in the Soft Drinks Market
The Coca-Cola Company
PepsiCo
Dr. Pepper/Seven Up Inc.
Asahi Group Holdings, Ltd.
Kirin Holdings Company Limited
Conclusion
The global soft drinks market is experiencing robust growth, fueled by innovation, health-conscious consumers, and evolving lifestyles. With new product launches, flavor experiments, and targeted marketing strategies, key players are positioning themselves to ride the next wave of consumer trends—whether through nostalgic brand collaborations or bold, futuristic beverages.
As the industry moves forward, it will be shaped by a delicate balance between tradition and transformation, with health, flavor, and tech-driven experiences at its core.
🔗 Get the free sample soft drinks market report for data-backed insights, forecasts, and strategic recommendations.
About Knowledge Sourcing Intelligence
Knowledge Sourcing Intelligence is a market research and consulting firm dedicated to providing actionable insights and data-driven solutions to businesses worldwide. With a focus on delivering comprehensive market analysis, we empower our clients to make informed strategic decisions. Our expertise spans multiple industries, including agriculture, technology, and healthcare, with a commitment to delivering accurate forecasts and identifying growth opportunities. Visit https://www.knowledge-sourcing.com/ to learn more about our services and how we can support your business goals.
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knowledge sourcing
knowledge sourcing
At KSI, we assist clients with a range of custom market research services across different industries, delivering client-centric intelligence derived through comprehensive planning and research, complemented by key stakeholders' inputs and a meticulous data mining process.