The Size of the Latin America Carbonated Soft Drinks Market is expected to be worth USD 41.38 billion in 2024 and is estimated to be growing at a CAGR of 2.91%, to reach USD 47.76 billion by 2029
A soft drink is a beverage that consists of carbonated water or still water, sweetening agents, and flavoring substances. The sweeteners could be either natural or artificial. Depending on the type of drink it may contain caffeine, coloring agents, stabilizers, preservatives, and other ingredients. Soft drink has a very high percentage which leads to extra transportation charges and occupies excess places in warehouses. With rising urbanization, there has been a change in the food habits of the younger generation which is a major factor for the growth of the market. The demand for carbonated soft drinks has accelerated with the rising demand for processed food. Increased government scrutiny acts as a market obstacle in the forecast period. Due to the high sugar content, consumers are becoming conscious of consuming carbonated soft drinks.
Key Players In Latin America Carbonated Soft Drinks Market Are Monster Beverage Corp, Britvic PLC, Parle Agro, PepsiCo Inc, Coca-Cola Company, Cott Corporation, Dohler Group,Kraft Foods, Dr Pepper Snapple Group, Inc.
Frequently Asked Questions
Carbonated soft drinks, often referred to as sodas or fizzy drinks, are beverages that contain carbonation, flavoring agents, sweeteners (such as sugar or artificial sweeteners), and sometimes caffeine. They are typically non-alcoholic and come in a variety of flavors.
Factors driving the market include the popularity of carbonated beverages as convenient and refreshing options, aggressive marketing by beverage companies, affordability compared to other beverages, and cultural preferences for sweetened drinks.
The future prospects for the carbonated soft drinks market in Latin America are influenced by factors such as changing consumer preferences, health trends, regulatory developments, and innovations in product formulations. Beverage companies are increasingly focusing on diversifying their product portfolios to include healthier and low-sugar options to adapt to evolving consumer demands.
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