Global Carbonated Soft Drinks Market was worth USD 359.32 billion in 2016 and estimated to be growing at a CAGR of 2.8%, to reach USD 412.52 billion by 2021.

Hyderabad, India -- (SBWire) -- 03/21/2018 --Carbonated soft drinks sector is one amongst the matured sectors in beverages business. Carbonated beverages are normally referred to as soft drinks that have carbon dioxide dissolved in it. They don't have any alcoholic content and therefore, termed as soft drinks and sparkling drinks, smoothies, juices, ready-to-drink tea and coffee, concentrates, and functional drinks. In recent past, the trade encountered numerous changes and this development is estimated to continue over the next seven years.

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Global Carbonated Soft Drinks Market was valued at USD 359.32 billion in 2016 and is projected to be growing at a CAGR of 2.8%, to achieve USD 412.52 billion by 2021. The ever-changing food habits overlapped with the increasing population of youth in developing countries drive the market demand for carbonated drinks.

Increasing young population in developing countries in addition to increasing income among customers is predicted to drive the market growth. Increasing processed food and beverages demand plus the rising population in developed countries is foreseen to profit the market. Carbonated beverages demand with reduced sugar content is calculated to draw in customers because of recent health awareness across the world.

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The consumption of carbonated beverages is additionally accelerated with the growing demand for processed food merchandise. The consumption of carbonated drinks remains static in several parts of developed regions because of health considerations. Increased government scrutiny would additionally act as a market obstacle in the forecast time period. Due to customer health awareness, firms are presently more targeted on product innovations utilizing natural ingredients like stevia sweeteners.

Europe dominated the global market share. Because, in line with growing health awareness among customers, naturally flavored beverages like tropical fruits and super fruits, were introduced in the region. Asia-Pacific region is predicted to have the best CAGR.

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The leading companies in the current industry include Syngenta AG, AkzoNobel N.V., and Nufarm Ltd., Deretil Agronutritional, Shandong IRO Chelating Chemicals Co. Ltd., Protex International, lagro SPA and Van Iperen International.

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