Asia Pacific Carbonated Soft Drinks Market Forecast to 2031 - Regional Analysis - by Flavor Type, Category, Packaging Type, and End User

Description

List of Tables

The Asia Pacific carbonated soft drinks market was valued at US$ 76,372.09 million in 2023 and is expected to reach US$ 1,22,151.13 million by 2031; it is estimated to register a CAGR of 6.0% from 2023 to 2031.

Increasing Preference for Sugar-Free and Zero-Calorie Carbonated Soft Drinks Boosts Asia Pacific 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.

Asia Pacific Carbonated Soft Drinks Market Overview

The region's large and diverse population, including emerging economies such as China, India, and Southeast Asian (SEA) countries, presents a vast consumer base for carbonated beverages. Rising disposable incomes, urbanization, and changing lifestyles contribute to increased consumption of convenience foods and beverages, including carbonated soft drinks. Further, growing awareness regarding the need for an active lifestyle and the rising rates of lifestyle diseases inspire health-oriented consumers to opt for sugar-free carbonated soft drinks. The sugar-free beverages market is also projected to grow due to increased promotional and advertisement strategies by various manufacturers operating in the market. According to the International Diabetes Federation (IDF), the number of people with diabetes in SEA is anticipated to increase by 68%, reaching 152 million by 2045, and the prevalence of diabetes will increase by 30%, reaching 11.3% in 2045. Consumers are becoming increasingly aware of the importance of a healthy diet and an active lifestyle due to the extreme occurrence of diabetes in Asia. Natural sweeteners, including stevia, are preferred by consumers in their beverages. Companies such as PepsiCo, Inc. and the Coca-Cola Company have pledged to eliminate artificial additives and lower the amount of sugar in their products. Thus, such initiatives taken by manufacturers boost the demand for carbonated soft drinks among consumers in Asia Pacific. The accessibility and availability of carbonated soft drinks are also driving market growth in Asia Pacific. The expansion of modern retail channels, including supermarkets, convenience stores, and online platforms, makes these beverages easily available to consumers across urban and rural areas. Additionally, vending machines and beverage dispensers in public spaces enhance the visibility and distribution of carbonated soft drinks.

Asia Pacific Carbonated Soft Drinks Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Carbonated Soft Drinks Market Segmentation

The Asia Pacific carbonated soft drinks market is categorized into flavor type, category, packaging type, end user, and country.

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

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

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

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

Based on country, the Asia Pacific carbonated soft drinks market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific carbonated soft drinks market share in 2023.

The Coca-Cola Co, PepsiCo Inc, Red Bull, Fevertree Drinks Plc, Monster Beverage Corp, Britvic Plc, Keurig Dr Pepper Inc, Asahi Group Holdings Ltd, and Refresco Group are some of the leading companies operating in the Asia Pacific carbonated soft drinks market.

Product Code: BMIRE00031180

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. Asia Pacific 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
- 4.3.5 List of Vendors in the Value Chain

5. Asia Pacific 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 - Asia Pacific Market Analysis

6.1 Asia Pacific Carbonated Soft Drinks Market Revenue (US$ Billion), 2021-2031
6.2 Asia Pacific Carbonated Soft Drinks Market Forecast Analysis

7. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Carbonated Soft Drinks Market - Country Analysis

11.1 Asia Pacific
- 11.1.1 Asia Pacific: Carbonated Soft Drinks Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 Asia Pacific: Carbonated Soft Drinks Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 Australia: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.2.1 Australia: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.2.2 Australia: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.2.3 Australia: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.2.4 Australia: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.3 China: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.3.1 China: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.3.2 China: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.3.3 China: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.3.4 China: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.4 India: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.4.1 India: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.4.2 India: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.4.3 India: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.4.4 India: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.5 Japan: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.5.1 Japan: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.5.2 Japan: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.5.3 Japan: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.5.4 Japan: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.6 South Korea: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.6.1 South Korea: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.6.2 South Korea: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.6.3 South Korea: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.6.4 South Korea: Carbonated Soft Drinks Market Breakdown, by End User
  - 11.1.1.7 Rest of Asia Pacific: Carbonated Soft Drinks Market - Revenue and Forecast to 2031 (US$ Billion)
    - 11.1.1.7.1 Rest of Asia Pacific: Carbonated Soft Drinks Market Breakdown, by Flavor Type
    - 11.1.1.7.2 Rest of Asia Pacific: Carbonated Soft Drinks Market Breakdown, by Category
    - 11.1.1.7.3 Rest of Asia Pacific: Carbonated Soft Drinks Market Breakdown, by Packaging Type
    - 11.1.1.7.4 Rest of Asia Pacific: 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
14.7 Keurig Dr Pepper Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Asahi Group Holdings Ltd
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Refresco Group
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments

15. Appendix

15.1 About The Insight Partners