South & Central America Carbonated Soft Drinks Market Forecast to 2031 - Regional Analysis - by Flavor Type, Category, Packaging Type, and End User

Description

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The South & Central America carbonated soft drinks market was valued at US$ 27,759.33 million in 2023 and is expected to reach US$ 33,977.13 million by 2031; it is estimated to register a CAGR of 2.6% from 2023 to 2031.

Increasing Preference for Sugar-Free and Zero-Calorie Carbonated Soft Drinks Fuels South & Central America Carbonated Soft Drinks Market

Health has become a top priority for consumers across the globe, leading to a boom in demand for functional products. With increasing awareness of the health risks associated with high sugar intake, consumers are actively seeking out alternatives that allow them to indulge in carbonated beverages without compromising their health goals. Sugar-free and zero-calorie carbonated soft drinks offer a guilt-free option for those looking to reduce their sugar intake or manage their calorie consumption. These beverages are sweetened with artificial sweeteners such as aspartame, sucralose, or stevia, providing the familiar sweetness of traditional sodas without the added sugars. Moreover, the rise of health-conscious consumers and those following specific dietary trends, such as keto or low-carb diets, has fueled the demand for sugar-free and zero-calorie options. These consumers actively seek beverages that align with their dietary preferences while satisfying their cravings for carbonation and flavors. In response to this growing demand, many companies in the carbonated soft drinks market are expanding their portfolios to include a wider range of sugar-free and zero-calorie options. These products often come in a variety of flavors, catering to diverse consumer preferences and offering a wider selection than ever before. For instance, in October 2023, The Coca-Cola Company launched Coca-Cola Y3000 under its Coca-Cola Creations platform, the limited-edition zero sugar and a full-sugar version. In addition, in April 2021, Dr Pepper launched Dr Pepper Zero Sugar, with the blend of its signature 23 flavors in a zero-sugar soda. Additionally, advancements in beverage technology have enabled manufacturers to improve the taste and texture of sugar-free, and zero-calorie carbonated soft drinks, making them more appealing to consumers who previous iterations may have deterred.

Thus, stringent government norms and growing health awareness among consumers toward zero-sugar and zero-calorie carbonated soft drinks is encouraging manufacturers to develop new products and boost innovation in the market. This trend is expected to provide growth opportunities to the carbonated soft drinks market.

South & Central America Carbonated Soft Drinks Market Overview

The region has a long-standing tradition of consuming carbonated beverages, making it one of the significant markets globally for these products. The warm climate prevalent across South & Central America is one of the major driving forces behind the popularity of the carbonated soft drinks market. Particularly in tropical and subtropical areas, these beverages offer a refreshing and thirst-quenching option, making them highly sought after, especially during hot and humid weather. Additionally, carbonated soft drinks' affordability and widespread availability contribute to their widespread consumption in South & Central America. These beverages are readily accessible across various retail channels, including supermarkets, convenience stores, and street vendors, making them a convenient choice for consumers of all socioeconomic backgrounds.

The sales of carbonated soft drinks through online platforms are increasing due to the emerging e-commerce sector in South & Central America. The key market players are also strengthening their presence on online platforms to boost their revenues. Thus, factors such as a combination of cultural preferences, consumer behavior, and strategic initiatives taken by key players fuel the carbonated soft drinks market in South & Central America.

South & Central America Carbonated Soft Drinks Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Carbonated Soft Drinks Market Segmentation

The South & Central America carbonated soft drinks market is categorized into flavor type, category, packaging type, end user, and country.

Based on flavor type, the South & Central America carbonated soft drinks market is segmented into cola, orange, lemonade, ginger, and others. The cola segment held the largest South & Central America carbonated soft drinks market share in 2023.

In terms of category, the South & Central America carbonated soft drinks market is bifurcated into sugar-free and conventional. The conventional segment held a larger South & Central America carbonated soft drinks market share in 2023.

By packaging type, the South & Central America carbonated soft drinks market is bifurcated into bottles and cans. The bottles segment held a larger South & Central America carbonated soft drinks market share in 2023.

Based on end user, the South & Central America carbonated soft drinks market is categorized into on-trade and off-trade. The off-trade segment held a larger South & Central America carbonated soft drinks market share in 2023.

Based on country, the South & Central America carbonated soft drinks market is categorized into Brazil, Argentina, Chile, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America carbonated soft drinks market share in 2023.

The Coca-Cola Co, PepsiCo Inc, Red Bull, Fevertree Drinks Plc, Monster Beverage Corp, and Britvic Plc are some of the leading companies operating in the South & Central America carbonated soft drinks market.

Product Code: BMIRE00031182

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Carbonated Soft Drinks Market Landscape

4.1 Overview
4.2 Porters Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users

5. South & Central America Carbonated Soft Drinks Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Consumption of Carbonated Soft Drinks Among the Millennial and Gen Z Population
- 5.1.2 Growing Strategic Initiatives by Key Players
5.2 Market Restraints
- 5.2.1 Negative Effects of Carbonated Soft Drinks on Health
5.3 Market Opportunities
- 5.3.1 Increasing Preference for Sugar-Free and Zero-Calorie Carbonated Soft Drinks
5.4 Future Trends
- 5.4.1 Rising Demand for Premium Carbonated Soft Drinks
5.5 Impact Analysis

6. Carbonated Soft Drinks Market - South & Central America Analysis

6.1 South & Central America Carbonated Soft Drinks Market Revenue (US$ Billion), 2021-2031
6.2 South & Central America Carbonated Soft Drinks Market Forecast Analysis

7. South & Central America Carbonated Soft Drinks Market Analysis - by Flavor Type

7.1 Cola
- 7.1.1 Overview
- 7.1.2 Cola: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
7.2 Orange
- 7.2.1 Overview
- 7.2.2 Orange: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
7.3 Lemonade
- 7.3.1 Overview
- 7.3.2 Lemonade: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
7.4 Ginger
- 7.4.1 Overview
- 7.4.2 Ginger: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)

8. South & Central America Carbonated Soft Drinks Market Analysis - by Category

8.1 Sugar-free
- 8.1.1 Overview
- 8.1.2 Sugar-free: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
8.2 Conventional
- 8.2.1 Overview
- 8.2.2 Conventional: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)

9. South & Central America Carbonated Soft Drinks Market Analysis - by Packaging Type

9.1 Bottles
- 9.1.1 Overview
- 9.1.2 Bottles: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
9.2 Cans
- 9.2.1 Overview
- 9.2.2 Cans: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)

10. South & Central America Carbonated Soft Drinks Market Analysis - by End User

10.1 On-Trade
- 10.1.1 Overview
- 10.1.2 On-Trade: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
10.2 Off-Trade
- 10.2.1 Overview
- 10.2.2 Off-Trade: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)

11. South & Central America Carbonated Soft Drinks Market - Country Analysis

11.1 South & Central America
- 11.1.1 South & Central America: Carbonated Soft Drinks Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 11.1.1.1 South & Central America: Carbonated Soft Drinks Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 Brazil: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.2.1 Brazil: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.2.2 Brazil: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.2.3 Brazil: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.2.4 Brazil: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.3 Argentina: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.3.1 Argentina: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.3.2 Argentina: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.3.3 Argentina: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.3.4 Argentina: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.4 Chile: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.4.1 Chile: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.4.2 Chile: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.4.3 Chile: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.4.4 Chile: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.5 Rest of South & Central America: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.5.1 Rest of South & Central America: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.5.2 Rest of South & Central America: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.5.3 Rest of South & Central America: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.5.4 Rest of South & Central America: Carbonated Soft Drinks Market Breakdown, by End User

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition

14. Company Profiles

14.1 The Coca-Cola Co
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 PepsiCo Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Red Bull
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Fevertree Drinks Plc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Monster Beverage Corp
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Britvic Plc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments

15. Appendix

15.1 About The Insight Partners