Cibi e Bevande
Sugar Free Carbonated Drinks Market to Reach $243.5 Bn, Globally, by 2030 at 7.3% CAGR: Allied Market Research
Growing popularity of low calorie intake, developments in the food service industry, and increasing expenditure on health & wellness products drive the growth of the global sugar free carbonated drinks market. On the other hand, high prices of raw materials and declining demand for carbonated drinks impede the growth to some extent. However, new product launches are anticipated to pave the way for lucrative opportunities in the industry.
Based on type, the soft drinks segment held the major share in 2020, accounting for nearly two-fifths of the global market. Its immense popularity among the consumers due to its fizzy and bubbly taste drives the growth of the segment. At the same time, the sports drink segment would register the fastest CAGR of 7.9% from 2021 to 2030. Growing participation of people in fitness, sports, and athletic activities is responsible for the increasing demand for the sports drinks across the globe, making it the fastest-growing segment.
Based on flavor, the cola segment contributed to more than half of the global sugar free carbonated drinks market revenue in 2020, and is projected to lead the trail throughout the forecast period. This is because the taste of cola has always been popular even since it was invented and has remained dominant in the market till now. However, the lime segment is projected to grow at the fastest CAGR of 8.7% from 2021 to 2030, due to the fact that lime is well known for its acidic taste and digestion improving properties.
Based on region, North America contributed to the highest share in 2020, accounting for more than one-third of the total market share, and is estimated to continue its dominant share in terms of revenue by 2030. Urbanization, higher purchasing capacity, increased health awareness, and desire for active lifestyle has fostered the growth of the market in the region. Simultaneously, Asia-Pacific is expected to showcase the fastest CAGR of 8.3% during the forecast period, owing to growing penetration of restaurant chains such as McDonald's, KFC, and Burger King.
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