PUBLISHER: Grand View Research | PRODUCT CODE: 2040324
PUBLISHER: Grand View Research | PRODUCT CODE: 2040324
The global carbonated beverages market size was estimated at USD 654.96 million in 2025 and is expected to reach USD 1,070.19 million by 2033, growing at a CAGR of 6.3% from 2026 to 2033. The demand for carbonated beverages is supported by rising consumer preference for convenient, ready-to-drink (RTD) options, particularly among urban populations with busy lifestyles who seek quick refreshment options that require no preparation.
At the same time, the expansion of foodservice outlets and quick-service restaurant chains has further strengthened consumption, as carbonated drinks are commonly bundled with meals and combo offers, making them a standard beverage choice for many consumers. The carbonated beverage industry is increasingly shifting toward low- and zero-sugar beverages as consumers become more health-conscious and aim to reduce sugar intake. Concerns about health conditions such as Obesity and Type 2 Diabetes are encouraging consumers to choose beverages with fewer calories and reduced sugar content. In response, beverage companies are expanding their portfolios with diet and zero-sugar variants, using alternative sweeteners and improved formulations to maintain taste while offering healthier options.
Recent news coverage of the soda industry indicates a strong shift in consumer preferences toward reduced-sugar beverages. In several major markets, low- and no-sugar drinks accounted for nearly 60% of total soda sales volumes, highlighting the growing demand for healthier alternatives to traditional sugary soft drinks. Products such as Coca Cola Zero Sugar from The Coca Cola Company also experienced around 14% global volume growth in 2025, reflecting increasing consumer interest in sugar-free carbonated beverages as health awareness and sugar-reduction efforts continue to influence purchasing decisions.
Additionally, in the first half of 2025, approximately 55% of Varun Beverages' portfolio sales volume came from low-sugar or no-added-sugar drinks in India. This trend highlights a significant shift in consumer consumption habits, as more consumers are choosing beverages with reduced sugar content amid rising health awareness and growing concerns about excessive sugar intake.
The rising popularity of sparkling water and flavored carbonated drinks is a growing trend in the beverage industry, as consumers increasingly seek refreshing options with lower sugar and calorie content. Many health-conscious consumers are choosing sparkling water and lightly flavored carbonated drinks as alternatives to traditional sugary sodas because they offer the same fizzy experience with fewer artificial ingredients and reduced sweetness. This shift in preferences has encouraged beverage companies to expand their portfolios with flavored sparkling waters and other better-for-you carbonated beverage options.
For instance, in March 2026, Rubicon RAW announced the launch of new cherry-flavored energy drinks to expand its portfolio and capitalize on growing consumer demand for innovative flavors in the energy drink category. The new variants: Cherry Burst and Zero Added Sugar Cherry Raspberry offer both regular and no-added-sugar options to appeal to a wider range of consumers.
Global Carbonated Beverages Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global carbonated beverages market report based on product, flavor, distribution channel, and region: