Global Soft Drink And Ice Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
3 Mar, 2021
The soft drinks and ice market consists of sales of soft drinks, ice, and purified and bottled water by entities (organizations, sole traders and partnerships) that produce soft drinks, ice, and purified and bottled water. The companies in the soft drink and ice industry process raw materials into soft drinks, ice, and purified and bottled water, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Soft Drink And Ice Market Size And Drivers:
The global soft drink and ice market is expected to grow from $238.18 billion in 2020 to $266.92 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The market is expected to reach $338.52 billion in 2025 at a CAGR of 6%. World population is growing and is expected to reach 10 billion by 2050. Increase in population creates more demand for food.
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Trends In The Global Soft Drink And Ice Market
To establish brand image and differentiation, bottled water manufacturers are introducing novel packaging. Novelty packaging may include resealable and recyclable packaging material, transparent sophisticated bottles, inks and coatings applied on cans to enhance shelf appeal.
Global Soft Drink And Ice Market Segments:
The global soft drink and ice market is further segmented based on type, distribution channel, category and geography.
By Type:Soft Drinks, Ice.
By Distribution Channel:Off-Trade Channels, On-Trade Channels.
By Category:Mass, Premium.
Subsegments Covered:Carbonated Soft Drinks, Bottled Water, Ready to Drink (RTD) Tea And Coffee, Juices And Juice Concentrates, Functional Drinks.
By Geography:The global soft drink and ice market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global soft drink and ice market, accounting for 35% of the total market.
Read More On The Report For The Global Soft Drink And Ice Market At:https://www.thebusinessresearchcompany.com/report/soft-drink-and-ice-global-market-report-2020-30-covid-19-impact-and-recovery
Soft Drink And Ice Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides soft drink and ice market overviews, analyzes and forecasts market size and growth for the global soft drink and ice market, soft drink and ice market share, soft drink and ice market players, soft drink and ice market segments and geographies, soft drink and ice market’s leading competitors’ revenues, profiles and market shares. The soft drink and ice market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.