Sugar Free Carbonated Drinks Market to Reach $243.5 Billion by 2030

Health consciousness and demand for low-calorie alternatives drive market growth at a CAGR of 7.3%.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 20, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Sugar Free Carbonated Drinks Market By Type, Flavor, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sugar free carbonated drinks market size is expected to reach $243.5 billion by 2030 at a CAGR of 7.3% from 2021 to 2030.

▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

The global sugar-free carbonated drinks market is experiencing growth driven by factors such as increased health consciousness, a rise in awareness about the adverse effects of sugar, and the desire for low-calorie alternatives. The market benefits from the demand for healthier beverage options, particularly in response to concerns related to obesity and high blood sugar levels. Sugar substitutes like aspartame, saccharin, and acesulfame K are utilized to sweeten these drinks. Despite challenges such as raw material price fluctuations and health-related concerns associated with carbonated drinks, the market is sustained by the growth of restaurant chains, food delivery services, and the overall popularity of fast food.

Sugar free carbonated drinks are low calorie or no calorie carbon infused drinks with added natural/artificial flavors, coloring, preservatives, and other ingredients. Aspartame, Saccharin, Acesulfame K are some of the sugar substitutes used as sweetener in sugar free carbonated drinks. The rise in prevalence of obesity and high blood sugar levels among the population boost the demand for sugar free carbonated drinks. Regular carbonated drinks contain sugar that is harmful for health thus people shift toward sugar free substitute of carbonated drinks. According to a study by the Global Burden of Disease, around 4.72 million people died prematurely due to obesity and around 6.53 people died due to high blood sugar in 2017. Higher consumption of added sugar may lead to obesity that again results in various health risks such as heart disease, diabetes, high blood pressure, and certain cancers. These factors are responsible for rise in health consciousness among the population.

Moreover, surge in health awareness among the global population boosts the demand for sugar free substitutes of carbonated drinks. These factors propel the growth of the sugar free carbonated drinks market during the forecast period. The desire to look fit and active among the consumers is a key factor fueling the demand for sugar free carbonated drinks in the market.

📍𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
Health Awareness: Growing awareness of health issues related to sugar consumption, including obesity and high blood sugar, is driving the demand for sugar-free carbonated drinks.
Fast Food Consumption: The growth and development of fast food chains contribute significantly to the consumption of sugar-free carbonated drinks as part of meal plans offered by popular chains.
Desire for Fitness: The desire to maintain a fit and active lifestyle is a key factor boosting the demand for sugar-free carbonated drinks.

📍𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:
Material Prices: Fluctuations in raw material prices pose a challenge to the sugar-free carbonated drinks market.
Health Risks: Concerns about health risks associated with carbonated drinks, leading to a decline in overall consumption, particularly in mature markets.

▶️ 𝐁𝐔𝐘 𝐍𝐨𝐰

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
– Type: Soft drinks, energy drinks, sports drinks, carbonated water.
– Flavor: Cola, lime, orange, lemonade, others.
– Distribution Channel: Hypermarkets, supermarkets, convenience stores, independent retailers, others.

📍𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:
– North America: Dominated the market in 2020, with around 34.6% market share, followed by Europe.
– Asia-Pacific: Expected to show promising growth due to increased penetration of fast food chains, rising disposable income, and growing awareness.

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬:
Soft Drinks Segment: Accounted for the highest contribution in 2020, with $48 billion, expected to maintain significance during the forecast period.
Cola Flavor Dominance: The cola segment held around 54% market share in 2020, driven by aggressive marketing campaigns by major players.
Distribution Channels: The “other” segment, including the food service industry, fast food chains, and online sales channels, dominates and is the fastest-growing segment.

📍𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Major players include Arizona Beverage Company, Ltd., Asahi Group Holdings, Ltd., Bisleri International, Jones Soda Co., Keurig Dr Pepper, Inc., Kofola CeskoSlovensko A.S., PepsiCo, Inc., Refresco Group B.V., Suntory Group, and The Coca-Cola Company.

The sugar-free carbonated drinks market is propelled by the global shift towards healthier beverage options and increased awareness of the negative effects of sugar consumption. Despite challenges, the market remains resilient due to the popularity of fast food, aggressive marketing campaigns, and the continuous demand for low-calorie alternatives. North America and Europe lead the market, but Asia-Pacific is anticipated to exhibit significant growth. Players in the market are adopting strategies to enhance market share and profitability.

« » 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

📍Gluten-free flour Market :

📍Food away from home market :

📍Energy Bar Market :

💡Guacamole Market :

💡Green Tea Market :

▶️ 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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[email protected]
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