Soft Drinks Market Shows Growth in Carbonated Beverage Segment
The global soft drinks market size was valued at USD 416.19 billion in 2021 and is projected to reach USD 592.86 billion by 2028, growing at a CAGR of 5.2% from 2022 to 2028. This growth is driven by increasing disposable incomes, evolving lifestyles, and a growing global population, all of which are expected to fuel market expansion in the coming years. Soft drinks are liquid refreshments consumed for hydration and energy. They are typically formulated using flavors, sweeteners, and edible acids. These beverages fall into two main categories: carbonated and non-carbonated, which encompass energy drinks, sports drinks, soda, ready-to-drink (RTD) beverages, flavored water, and diet drinks. To ensure consumer safety, regulatory bodies like the Food and Drug Administration (FDA) provide guidelines and enforce standards for soft drink production. Soft drinks can be consumed chilled, over ice, or at room temperature, and they are available in a wide variety of containers...