Coke Sales

Carbonated Soft Drinks Market Outlook

The global carbonated soft drinks market is anticipated to reach approximately USD 500 billion by the year 2035, growing at a robust CAGR of around 4% during the forecast period from 2025 to 2035. This growth is propelled by an increasing demand for convenient and refreshing beverages among consumers globally, alongside rising disposable incomes and urbanization trends. The Millennials and Generation Z demographics are particularly influential, showing a preference for flavored and innovative beverage options that enhance their social experiences. Additionally, the expanding market for health-conscious alternatives is giving rise to low-sugar and sugar-free options, further stimulating market growth. Manufacturers are also continuously innovating, introducing new flavors and varieties to attract a broader customer base.

Growth Factor of the Market

The growth of the carbonated soft drinks market is significantly driven by diverse consumer preferences and lifestyle changes. An increasing number of consumers are seeking convenience and quick refreshment options, leading to a rise in the consumption of carbonated beverages, particularly in urban areas. Moreover, the trend of social gatherings and events has created a steady demand for carbonated drinks as they play a pivotal role in socializing and entertainment. Health consciousness is also emerging as a crucial factor, prompting companies to develop healthier beverage options, including low-calorie drinks and those made with natural ingredients. Additionally, the rise of e-commerce and online retailing has made it easier for consumers to access a wider range of products, thus positively impacting market growth. The proliferation of advertising and innovative marketing strategies by key players has further enhanced brand visibility and consumer engagement.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 4% from 2025 to 2035.
• North America dominates the market, accounting for over 35% of the global share.
• The trend of health-conscious consumption is leading to a surge in demand for low-sugar and zero-sugar options.
• Innovative flavors and packaging designs are key differentiators in attracting younger consumers.
• The online distribution channel is rapidly expanding, facilitating wider accessibility of products.

By Product Type

Cola:

Cola is the most dominant segment within the carbonated soft drinks market, representing a substantial share of the overall consumption. Its popularity stems from its classic flavor profile and strong brand loyalty cultivated over decades. Major brands have established themselves as market leaders, offering a wide range of cola products that cater to diverse consumer preferences, including regular, diet, and caffeine-free variations. The segment's growth is supported by heavy marketing campaigns, promotions during sports events, and partnerships with restaurants and fast-food chains, which further enhance its visibility. As consumers increasingly seek variety, manufacturers are focusing on creating new flavor combinations, including vanilla and cherry cola, to attract new customers and encourage repeat purchases.

Lemon-Lime:

The lemon-lime segment of carbonated soft drinks has gained traction due to its refreshing taste and versatility. Often perceived as a healthier alternative to traditional cola drinks, lemon-lime beverages appeal to consumers seeking a light and crisp flavor. This segment has successfully penetrated both the retail and foodservice sectors, often recommended as a mixer for cocktails and other beverages. Furthermore, the introduction of sugar-free and naturally flavored options has aided in expanding this segment’s market share. Companies are investing in innovative marketing strategies to enhance product visibility and leverage seasonal promotions, particularly during summer months, to drive sales.

Orange:

Orange-flavored carbonated drinks have shown consistent growth, driven by their natural sweetness and tangy flavor profile. This segment attracts a diverse consumer base, including families and children, making it a staple in both retail and foodservice environments. The market is characterized by strong competition, with numerous brands offering a variety of orange soda products that cater to different tastes, including traditional sugary options and healthier alternatives with less sugar or natural ingredients. With the growing trend towards health and wellness, many brands have started to innovate, focusing on fortifying orange sodas with vitamins and minerals to appeal to health-conscious consumers.

Root Beer:

Root beer, while a niche segment in the carbonated soft drinks market, has a dedicated consumer base that seeks out this unique flavor. Its distinct taste, often associated with nostalgia, resonates with consumers looking for a beverage with a rich cultural heritage. Recent years have seen a resurgence in root beer's popularity, driven by artisanal and craft brands that emphasize natural ingredients and traditional brewing methods. This segment benefits from seasonal sales spikes, particularly around holidays and summer barbecues, where it is often enjoyed as a classic float or standalone refreshment. Its growth prospects are further enhanced by the trend of experimenting with flavors and varieties, including root beer with added spices or herbal components.

Other Flavors:

The 'Other Flavors' category encompasses a broad range of carbonated soft drinks, including flavors such as grape, cherry, and tropical blends. This segment caters to consumers seeking unique taste experiences beyond the traditional cola and lemon-lime options. The increasing demand for product differentiation has prompted manufacturers to innovate and expand their flavor portfolios, introducing limited-edition flavors and seasonal offerings to attract adventurous consumers. This segment is characterized by rapid fluctuations in popularity as consumer preferences evolve, making it essential for brands to stay ahead of trends and continuously engage their audience through creative marketing campaigns and social media initiatives.

By Application

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets remain a dominant distribution channel for carbonated soft drinks, accounting for a significant portion of sales. The large retail space allows for an extensive selection of products, catering to diverse consumer preferences and demographic segments. These retail formats frequently run promotions and discounts, encouraging bulk purchases and brand switching among consumers. Additionally, supermarkets often feature dedicated beverage aisles, making it easy for customers to locate their preferred products. The convenience of one-stop shopping further enhances the appeal of these outlets, as consumers can purchase carbonated drinks alongside other groceries. With advancements in technology and data analytics, retailers are increasingly tailoring their offerings based on consumer behavior, further optimizing the shopping experience.

Convenience Stores:

Convenience stores play a crucial role in the carbonated soft drinks market, serving as a go-to source for consumers seeking quick refreshment options. The accessibility and extended operating hours of these stores make them particularly attractive to busy consumers who prioritize convenience. Many convenience stores strategically place carbonated beverages near checkout counters, prompting impulse purchases and increasing overall sales volume. Furthermore, the trend of on-the-go consumption has led to the rising popularity of smaller packaging sizes, catering to consumers looking for a quick drink. Retailers are capitalizing on this trend by offering a variety of beverage options, including both well-known brands and local specialties, ensuring they meet diverse consumer needs.

Online Retail:

The online retail segment has emerged as a significant and rapidly growing channel for carbonated soft drinks, driven by the increasing shift towards e-commerce. The convenience of online shopping allows consumers to browse an extensive range of products from the comfort of their homes, often discovering new brands and flavors that may not be available in physical stores. Additionally, online retailers frequently offer promotional discounts and bundles, making it enticing for consumers to purchase in larger quantities. The COVID-19 pandemic accelerated this trend, as more consumers adapted to online shopping for their grocery needs. As logistics and delivery systems continue to improve, the online retail segment is expected to experience sustained growth, presenting opportunities for brands to reach a broader audience.

Others:

The 'Others' category in the application segment includes various outlets such as vending machines, foodservice establishments, and events. Vending machines have long been a popular choice for consumers seeking quick and convenient beverage options in public spaces such as schools, offices, and shopping centers. The proliferation of foodservice establishments, including restaurants, cafes, and fast-food chains, has further solidified the market for carbonated soft drinks, as these locations often feature them prominently on their menus. Additionally, events and gatherings provide an opportunity for brands to showcase their products, often through targeted marketing and sponsorships. As consumer lifestyles continue to evolve, this segment represents both challenges and opportunities for brands to adapt and innovate their product offerings.

By Distribution Channel

Cans:

Canned carbonated drinks are a popular choice among consumers due to their portability, convenience, and easy storage. Cans are lightweight and recyclable, making them an environmentally friendly option that resonates with eco-conscious consumers. The compact design of cans allows for efficient packing and transportation, thus reducing logistics costs for manufacturers. Additionally, the canned format often features vibrant packaging designs that attract consumer attention on retail shelves. The increasing trend of outdoor activities and events has further boosted the demand for canned beverages, as they are easy to transport and consume. Competitive pricing strategies employed by brands have also contributed to the popularity of cans, making them an attractive option for both retailers and consumers.

Bottles:

Bottled carbonated beverages have long been a staple in the market, offering consumers a familiar and trusted format. Bottles provide a premium feel, especially glass bottles, which are often associated with higher-quality beverages. This segment benefits from a broad range of sizes, catering to different consumption occasions, from single-serve options to family-size bottles. Brands often leverage the bottled format to showcase their branding and product attributes, enhancing consumer appeal. Bottles are particularly popular in foodservice settings, where they are often paired with meals or served as part of a dining experience. As consumer preferences shift towards sustainability, manufacturers are increasingly exploring eco-friendly materials and packaging solutions within the bottled segment.

Fountain:

The fountain distribution channel for carbonated soft drinks is widely utilized in foodservice and entertainment venues, including restaurants, cinemas, and amusement parks. This format allows for customizable beverage options, enabling consumers to mix flavors and adjust sweetness levels to their liking. The fountain service model also reduces packaging waste, as it minimizes the use of individual cans or bottles. Many consumers enjoy the experience of pouring their drink, which adds an element of interaction to their purchase. This segment experiences steady demand, particularly during peak dining hours and events, as it provides an efficient and cost-effective solution for beverage service. Brands are increasingly collaborating with foodservice operators to enhance their fountain offerings and ensure product quality across different venues.

By Ingredient Type

Caffeine:

The inclusion of caffeine in carbonated soft drinks is a significant driver of consumer interest, particularly among younger demographics seeking an energy boost. Caffeinated beverages are often marketed as refreshing pick-me-ups, appealing to consumers needing a quick energy source during busy days. The caffeine segment is characterized by both traditional cola flavors and innovative variants offering unique taste experiences. Brands are increasingly capitalizing on the trend by introducing higher caffeine content options and blends that incorporate natural sources of caffeine, such as guarana and green tea. As health consciousness rises, some consumers are opting for low-caffeine or caffeine-free alternatives, which further emphasizes the need for variety within this segment.

Sugar:

The sugar category has been the traditional backbone of carbonated soft drinks, providing the classic sweetness that consumers expect. However, increasing awareness of health issues related to high sugar consumption has shifted consumer preferences towards lower-sugar options. Despite these concerns, sugary beverages still hold a significant market share, particularly among brand loyalists and younger consumers. Many companies are responding by reformulating their products to reduce sugar content while maintaining the signature taste. The introduction of seasonal flavors and limited-time offerings that are sugar-based can also drive short-term spikes in sales. Balancing taste with health considerations remains a critical focus for brands operating in this segment.

Artificial Sweeteners:

The artificial sweeteners segment has gained considerable traction as consumers increasingly seek low-calorie and sugar-free alternatives. These sweeteners provide a way for brands to cater to health-conscious consumers without sacrificing flavor. The market has seen a proliferation of products utilizing sweeteners like aspartame, sucralose, and stevia, tapping into the growing demand for healthier beverage options. Additionally, innovative blending of artificial sweeteners with natural flavors has led to unique product offerings that appeal to a broader audience, including those managing weight or diabetes. As more consumers adopt healthier lifestyles, the artificial sweeteners segment is expected to continue growing, providing opportunities for brands to expand their offerings.

Natural Flavors:

The natural flavors segment is increasingly important within the carbonated soft drinks market as consumers demonstrate a growing preference for products that use natural ingredients. Brands are responding to this demand by reformulating their beverages to eliminate artificial flavors and emphasize the use of real fruit and herb extracts. This trend aligns with overall consumer interest in transparency and clean-label products, as more individuals seek to understand what they are consuming. The natural flavors segment has seen the introduction of innovative beverage options that highlight unique flavor profiles, enhancing the overall consumer experience. As the trend towards health and wellness continues to rise, products that leverage natural flavors are likely to gain further traction.

Others:

The 'Others' category encompasses a variety of ingredient types used in carbonated soft drinks, including those that offer added health benefits, such as vitamins, minerals, and herbal extracts. This segment provides brands with opportunities to differentiate their products by appealing to consumers seeking functional beverages that contribute to their overall well-being. The incorporation of ingredients such as electrolytes and antioxidants is gaining popularity among health-conscious individuals looking for more than just hydration. Brands that successfully market these functional benefits are positioned to capture a growing share of consumers prioritizing wellness in their beverage choices. As innovation continues to drive the beverage industry, the 'Others' segment will likely see increased attention from both manufacturers and consumers.

By Region

The carbonated soft drinks market exhibits varied dynamics across different regions, with North America holding a substantial market share, estimated at approximately 35% of the global market. The region's longstanding tradition of carbonated beverage consumption, coupled with major brand presence, continues to foster strong growth. Additionally, the increasing trend towards health-conscious consumption and the demand for innovative flavors are reshaping the product landscape in North America. This region is expected to maintain a steady growth rate of about 3.5% CAGR during the forecast period as brands adapt to evolving consumer preferences and invest in marketing strategies that resonate with their target audience.

Europe follows closely in terms of market size, representing around 25% of the global carbonated soft drinks market. The region has seen a shift towards healthier beverage options, with more consumers favoring low-sugar and naturally flavored products. The CAGR in Europe is anticipated to be around 4% as brands respond to these trends by reformulating established products and introducing new options that align with consumer demands. The Asia Pacific region, on the other hand, is experiencing rapid growth, projected to expand at a CAGR of 5% due to rising disposable incomes and changing lifestyles that encourage consumption of carbonated beverages. As emerging markets develop, the demand for diverse beverage offerings continues to rise, providing significant opportunities for market players.

Opportunities

The carbonated soft drinks market is poised for significant opportunities in the coming years, particularly as consumer preferences continue to evolve. The increasing health consciousness among consumers presents an opportunity for brands to innovate and expand their product lines. This shift towards healthier options opens doors for the development of low-calorie, sugar-free, and naturally flavored beverages that cater to health-focused individuals. Furthermore, the interest in functional beverages is on the rise, providing brands the chance to create products fortified with vitamins, minerals, and other beneficial ingredients. By leveraging these trends, beverage companies can tap into new consumer segments and drive sales growth.

Additionally, the expansion of e-commerce and online retail platforms represents a substantial opportunity for market participants. With more consumers opting for online shopping, brands can reach a wider audience and enhance accessibility to their products. Developing strong online marketing strategies and collaborating with e-commerce platforms to create exclusive offers can significantly boost brand visibility and sales. Furthermore, exploring untapped markets in emerging economies can lead to promising growth prospects, as rising disposable incomes and changing lifestyles drive increased demand for carbonated soft drinks. By strategically positioning themselves in these growing markets, companies can achieve sustainable growth and strengthen their market presence.

Threats

The carbonated soft drinks market faces several threats that could impact its growth trajectory. One of the most significant threats is the increasing regulatory scrutiny surrounding sugar consumption and health-related issues. Governments worldwide are implementing stricter regulations on sugary beverages, introducing sugar taxes and promoting public health campaigns to encourage healthier choices. These initiatives can hinder sales and profitability for brands heavily reliant on traditional sugary soft drinks. Additionally, the rise of consumer awareness regarding health and wellness poses a challenge for companies that fail to adapt to evolving preferences, as consumers increasingly seek healthier alternatives.

Moreover, competition within the beverage industry is intensifying, with an influx of new entrants and innovative brands offering diverse product ranges. Established companies must continually innovate and differentiate their offerings to maintain market share. Failure to adapt to shifting consumer demands can result in declining sales and brand loyalty, especially among younger consumers who prioritize unique flavors and health-focused options. Additionally, fluctuating raw material prices, particularly for key ingredients such as sugar and natural flavors, can pose financial challenges for manufacturers as they navigate cost pressures while trying to remain competitive.

Competitor Outlook

• Coca-Cola Company
• PepsiCo, Inc.
• Dr Pepper Snapple Group, Inc.
• Nestlé S.A.
• Monster Beverage Corporation
• Red Bull GmbH
• National Beverage Corp.
• Reed's Inc.
• Britvic PLC
• Keurig Dr Pepper Inc.
• Suntory Beverage & Food Limited
• Fanta (Coca-Cola)
• 7UP (PepsiCo)
• Schweppes (Coca-Cola)
• Canada Dry (Dr Pepper Snapple Group)

The competitive landscape of the carbonated soft drinks market is characterized by a mix of established global players and emerging niche brands. The market is dominated by significant players like Coca-Cola and PepsiCo, which have built strong brand identities and extensive distribution networks over decades. These companies invest heavily in marketing and product innovation to retain their market leadership. They continually adapt their product offerings to meet changing consumer preferences, introducing healthier options and innovative flavors to attract new customers while maintaining the loyalty of their existing ones. This fierce competition drives brands to differentiate themselves and explore new growth avenues to sustain sales in a dynamic marketplace.

In addition to established giants, several emerging brands are beginning to carve out their niche in the market by focusing on health and wellness trends. Companies like Reed's Inc. and National Beverage Corp. are gaining traction by offering natural and organic carbonated beverages that resonate with health-conscious consumers. This trend creates a diverse landscape where traditional brands must compete not only on flavor and brand loyalty but also on attributes such as health benefits, sustainability, and transparency. As more consumers prioritize wellness in their beverage choices, these emerging players present a challenge to larger corporations that are traditionally focused on sugary soft drinks.

Major companies are continuously investing in research and development to innovate new flavors and product lines that cater to consumer trends. Coca-Cola, for instance, has expanded its portfolio to include a range of sugar-free options, while PepsiCo focuses on diversifying its beverage offerings to include healthy snacks and functional drinks. Additionally, collaborations and strategic partnerships with foodservice operators and online retailers are becoming increasingly important, as they enable brands to enhance their distribution capabilities and reach a wider audience. By navigating the competitive landscape with agility and foresight, these companies can successfully leverage opportunities for growth and ensure their relevance in a rapidly evolving market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Britvic PLC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Reed's Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 7UP (PepsiCo)
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 PepsiCo, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Red Bull GmbH
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Coca-Cola Company
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Fanta (Coca-Cola)
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Nestlé S.A.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Keurig Dr Pepper Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Schweppes (Coca-Cola)
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 National Beverage Corp.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Monster Beverage Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Dr Pepper Snapple Group, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Suntory Beverage & Food Limited
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Canada Dry (Dr Pepper Snapple Group)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Coke Sales Market, By Application
    • 6.1.1 Supermarkets/Hypermarkets
    • 6.1.2 Convenience Stores
    • 6.1.3 Online Retail
    • 6.1.4 Others
  • 6.2 Coke Sales Market, By Product Type
    • 6.2.1 Cola
    • 6.2.2 Lemon-Lime
    • 6.2.3 Orange
    • 6.2.4 Root Beer
    • 6.2.5 Other Flavors
  • 6.3 Coke Sales Market, By Ingredient Type
    • 6.3.1 Caffeine
    • 6.3.2 Sugar
    • 6.3.3 Artificial Sweeteners
    • 6.3.4 Natural Flavors
    • 6.3.5 Others
  • 6.4 Coke Sales Market, By Distribution Channel
    • 6.4.1 Cans
    • 6.4.2 Bottles
    • 6.4.3 Fountain

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Coke Sales Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Coke Sales market is categorized based on

By Product Type

• Cola
• Lemon-Lime
• Orange
• Root Beer
• Other Flavors

By Application

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Others

By Distribution Channel

• Cans
• Bottles
• Fountain

By Ingredient Type

• Caffeine
• Sugar
• Artificial Sweeteners
• Natural Flavors
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Coca-Cola Company
• PepsiCo, Inc.
• Dr Pepper Snapple Group, Inc.
• Nestlé S.A.
• Monster Beverage Corporation
• Red Bull GmbH
• National Beverage Corp.
• Reed's Inc.
• Britvic PLC
• Keurig Dr Pepper Inc.
• Suntory Beverage & Food Limited
• Fanta (Coca-Cola)
• 7UP (PepsiCo)
• Schweppes (Coca-Cola)
• Canada Dry (Dr Pepper Snapple Group)