The Latest Carbonated Soft Drink Industry Statistics Explained
Approximately 46.7% of consumers in the U.S. drink more than two glasses of soft drinks per day.
The statistic indicates that a significant portion of consumers in the United States, specifically around 46.7%, consume more than two glasses of soft drinks daily. This finding suggests that a sizeable portion of the population consumes soft drinks at a level that may have potential health implications, as excessive consumption of sugary beverages has been linked to various health issues such as obesity, diabetes, and tooth decay. The statistic highlights a prevalent behavior among U.S. consumers and underscores the importance of promoting healthier beverage choices and raising awareness about the potential risks associated with excessive soft drink consumption.
The global carbonated soft drink market size is projected to reach USD 605.6 Billion by 2025, growing at a CAGR of 5.5% from 2019 to 2025.
This statistic indicates that the global carbonated soft drink market is expected to expand significantly, reaching a total value of USD 605.6 billion by the year 2025. The Compound Annual Growth Rate (CAGR) of 5.5% over the period from 2019 to 2025 suggests a steady and consistent increase in market value each year. This projection reflects strong and sustained demand for carbonated soft drinks worldwide, driven by factors such as changing consumer preferences, marketing initiatives, and the introduction of new product offerings. Overall, the data suggests a positive outlook for the carbonated soft drink industry in the coming years, with opportunities for growth and expansion.
Diet Coke is the second most popular soda brand, with a market share of 7.6%.
The statistic that Diet Coke is the second most popular soda brand, with a market share of 7.6%, indicates the relative popularity and consumption levels of various soda brands within the market. This means that out of all the soda brands available, Diet Coke holds the second-largest portion of the market at 7.6%, suggesting a relatively high level of consumer preference and demand compared to other brands. This statistic can be used by industry players and marketing professionals to gauge the competitive landscape, understand consumer preferences, and make informed decisions regarding marketing strategies and product positioning in the soda market.
In 2020, the global carbonated soft drink market volume was around 233.7 billion liters.
The statistic ‘In 2020, the global carbonated soft drink market volume was around 233.7 billion liters’ signifies the total quantity of carbonated soft drinks consumed worldwide in that year. Carbonated soft drinks, which include popular beverages like soda and cola, are a prevalent choice among consumers across the globe. The volume of 233.7 billion liters highlights the significant scale of consumption and demand for these carbonated beverages in the global market. This statistic provides valuable insight into the size and influence of the carbonated soft drink industry, indicating its widespread popularity and consumption on a worldwide scale in the year 2020.
Coca-Cola is the leading carbonated soft drink brand in the U.S. with a sales volume share of 17.8% in 2020.
This statistic indicates that Coca-Cola held a significant market share in the U.S. carbonated soft drink industry in 2020, with a sales volume share of 17.8%. This means that nearly one-fifth of all carbonated soft drinks sold in the U.S. that year were Coca-Cola products, making it the most popular brand in the market. The high market share suggests that Coca-Cola has a strong presence and competitive advantage over other brands in the industry, potentially due to effective marketing strategies, brand loyalty, and a wide distribution network. This statistic highlights Coca-Cola’s position as a dominant player in the carbonated soft drink market in the U.S.
The carbonated soft drink industry generated $392.6 billion worldwide in 2019.
The statistic that the carbonated soft drink industry generated $392.6 billion worldwide in 2019 represents the total revenue generated by the industry from sales of carbonated beverages across all markets and regions globally for that particular year. This figure is significant as it highlights the economic size and impact of the carbonated soft drink industry on a global scale, indicating the popularity and widespread consumption of these beverages. The statistic not only reflects the financial success of the industry but also emphasizes its contribution to the overall economy, employment, and consumer preferences in various countries around the world.
PepsiCo’s total revenue worldwide was approximately $70.37 billion in 2020.
The statistic indicates that PepsiCo, a multinational food and beverage corporation, generated total revenue of approximately $70.37 billion globally in the year 2020. This figure represents the total amount of money earned by PepsiCo from its various business operations and sales of products across different regions around the world. The revenue figure serves as a key performance indicator for the company’s financial health and growth, reflecting its ability to attract consumers and generate sales in a competitive market landscape. Additionally, the revenue figure provides insights into PepsiCo’s market presence and financial position relative to its competitors within the food and beverage industry.
In 2020, North America accounted for 33.96% of the global soft drink market.
The statistic states that in 2020, North America, which includes countries such as the United States and Canada, represented approximately 33.96% of the total global soft drink market. This means that a significant portion of the overall soft drink sales worldwide were generated by North American consumers and companies. The high percentage indicates the strong presence and influence of the North American market in the global soft drink industry. Factors such as consumer preferences, marketing strategies, and economic conditions in North America likely contributed to this substantial market share in 2020.
Carbonated soft drink (CSD) sales have been on the decline since the 2000s in the U.S.
The statement that carbonated soft drink (CSD) sales have been on the decline since the 2000s in the U.S. indicates a persistent trend of decreasing consumption of sugary beverages within this category over the past two decades. This decline in sales may be attributed to evolving consumer preferences towards healthier beverage options, increasing awareness of the potential health risks associated with consuming high levels of sugar, changing demographics leading to a more health-conscious population, and a shift towards more diverse and innovative drink choices in the market. The data supporting this statistic likely reflects a sustained decrease in the volume of CSD sales over time, highlighting a notable shift in consumer behavior and preferences within the beverage industry.
The U.S. soft drink manufacturing market size is $46.2 billion in 2020.
The statistic “The U.S. soft drink manufacturing market size is $46.2 billion in 2020” represents the total value of revenue generated by the soft drink manufacturing industry in the United States within the year 2020. This figure indicates the significant economic impact and scale of the soft drink market in the country, highlighting its importance within the broader food and beverage sector. The market size reflects the total sales of soft drinks produced by manufacturers in the U.S., encompassing various types of beverages such as carbonated sodas, fruit drinks, energy drinks, and more. This statistic is crucial for industry analysis, investment decisions, and understanding the overall health and performance of the soft drink manufacturing sector in the U.S.
The average American drinks approximately 38.87 gallons of carbonated soft drinks every year.
The statistic that the average American drinks approximately 38.87 gallons of carbonated soft drinks every year provides insight into the consumption habits of individuals in the United States. This data point quantifies the average annual intake of carbonated beverages, indicating a relatively high level of consumption at a little over 38 gallons per person. This information is useful for analyzing trends in beverage preferences, assessing potential health impacts associated with regular consumption of sugary drinks, and understanding the overall demand for carbonated soft drinks in the American market. It also highlights the significance of this category within the broader context of beverage consumption patterns in the country.
About 63% of the carbonated soft drinks market is held by regular soft drinks, while diet versions hold 26%.
The statistic suggests that within the carbonated soft drinks market, regular soft drinks dominate with a market share of approximately 63%, indicating that consumers predominantly opt for sugar-sweetened beverages. In contrast, diet versions of soft drinks account for a smaller but still significant portion of the market at 26%, reflecting a growing trend towards healthier alternatives with reduced sugar content. This distribution highlights the ongoing popularity of traditional soft drinks while also indicating a shift in consumer preferences towards lower-calorie options, potentially driven by increasing health consciousness and awareness of the negative effects of excessive sugar consumption on health. Understanding these market dynamics can be valuable for stakeholders in the beverage industry seeking to cater to evolving consumer preferences and market trends.
Over the five years to 2019, industry revenue of the carbonated soft drink production in the U.S. decreased by an annualized rate of 0.4% to $24.2 billion.
The statistic indicates that from 2014 to 2019, the revenue generated by the carbonated soft drink production industry in the United States experienced a diminishing trend, decreasing at an average rate of 0.4% per year. This decline suggests a weakening market demand for carbonated soft drinks over the specified period. By the end of 2019, industry revenue was reported to be $24.2 billion, reflecting the culmination of the downward trajectory observed annually. Factors contributing to this decline could include shifting consumer preferences towards healthier beverage options, concerns over the health impacts of sugary drinks, and increasing competition from other beverage categories like bottled water and flavored teas. Further analysis would be needed to understand the specific drivers behind this trend and its implications for the carbonated soft drink industry in the U.S.
In 2019, the soft drink industry’s direct economic impact was $185.4 billion, representing 1% of the U.S. GDP.
The statistic ‘In 2019, the soft drink industry’s direct economic impact was $185.4 billion, representing 1% of the U.S. GDP’ highlights the significant contribution of the soft drink industry to the overall economy. By generating $185.4 billion in economic activity, the industry plays a substantial role in driving growth and creating employment opportunities. Furthermore, the fact that this amount accounts for 1% of the U.S. GDP underscores the industry’s importance in the national economy. This statistic indicates that the soft drink industry is a key player in the economic landscape, influencing various sectors and contributing to the overall financial health of the country.
By 2025, the market volume of soft drinks is expected to reach 196,167 million liters in India.
The statistic indicates that the market volume of soft drinks in India is projected to grow substantially by the year 2025, reaching a total of 196,167 million liters. This suggests a significant increase in the consumption and demand for soft drinks in the Indian market over the next few years. Factors such as changing consumer preferences, increasing disposable income, and expanding distribution channels are likely contributing to this anticipated growth. The statistic highlights the continued relevance and popularity of soft drinks as a beverage choice in India, and businesses operating in this sector may anticipate opportunities for growth and expansion in the coming years.
Carbonated soft drinks are forecast to decline at a CAGR of 0.3% in Western Europe between 2019 and 2024.
This statistic indicates that the sales volume of carbonated soft drinks in Western Europe is expected to experience a compound annual growth rate (CAGR) of -0.3% between 2019 and 2024. A negative CAGR suggests a decline in demand for carbonated soft drinks over the specified time period. This forecast could be influenced by changing consumer preferences towards healthier beverage options, such as bottled water and non-carbonated drinks, as well as increasing concerns over the health impacts of consuming sugary beverages. The declining trend in carbonated soft drink consumption may also be driven by factors like shifting demographics, regulatory measures, and greater awareness of the environmental impact of single-use plastic bottles commonly used for such drinks.
Conclusion
The statistics presented in this blog post offer valuable insights into the carbonated soft drink industry, highlighting trends, market shares, and consumer preferences. It is evident that despite facing challenges such as changing consumer preferences and health concerns, the industry continues to evolve and innovate. By staying abreast of these statistics, stakeholders can make informed decisions to navigate the competitive landscape of the carbonated soft drink market.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.cnbc.com
2. – https://www.www.statista.com
3. – https://www.www.worldatlas.com
4. – https://www.www.ameribev.org
5. – https://www.www.beveragedaily.com
6. – https://www.www.grandviewresearch.com
