Soft Drink and Ice Market Report 2025

This Soft Drink and Ice market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The soft drink and ice market size has grown strongly in recent years. It will grow from $471.03 billion in 2024 to $497.48 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to consumer demand for refreshing beverages, carbonated soft drinks (csds), convenience stores and vending machines, mass marketing and advertising, consumer perception of sugar content.

The soft drink and ice market size is expected to see strong growth in the next few years. It will grow to $606.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to health-conscious consumer preferences, natural and organic ingredients, sustainability and eco-friendly packaging, flavored and functional beverages, e-commerce and home delivery. Major trends in the forecast period include craft and artisanal soft drinks, alcoholic soft drinks, non-alcoholic cocktails, iced coffee and tea innovations, soda fountain and beverage stations.

The world's population is on the rise and is projected to reach 10 billion by 2050. This population growth translates into an increased demand for food. The American Society of Nutrition reports that Mexico had the highest consumption of sugar-sweetened beverages. To meet the needs of this expanding population, there will be a requirement for greater crop production, farming activities, and trade volumes. As a result, companies operating in this market are expected to benefit from the growing demand for food and beverage products driven by the increasing population during the forecast period.

The increasing popularity of energy drinks and sports drinks is anticipated to drive the growth of the soft drink and ice market. Energy and sports drinks are formulated to provide energy and hydration for individuals engaged in physical activities. The rising preference for these beverages has led to an increased demand for soft drinks and ice, as consumers often use them as mixers or enjoy them alongside their favorite soft drinks, contributing positively to the market. For example, in September 2022, the Food Institute, a U.S.-based food industry institution, projected that the U.S. energy drinks market would grow to a value of $21 billion by 2026. Therefore, the surging popularity of energy drinks and sports drinks is a driving force behind the soft drink and ice market.

To establish a brand image and differentiate themselves, bottled water manufacturers are introducing innovative packaging solutions. Novel packaging may include resealable and recyclable materials, sophisticated transparent bottles, as well as specialized inks and coatings applied to cans to enhance their visual appeal. An example of this is Cano, a resealable and recyclable aluminum water bottle launched by British entrepreneurs, aimed at addressing pollution caused by plastic water bottles. The Paper Water Bottle Company introduced the Paper Water Bottle Eco-1, a compostable water bottle made from molded fiber.

Major companies operating in the soft drink and ice market are placing a strong emphasis on new product innovations, such as Campa Cola, to leverage the nostalgia factor and expand their beverage portfolio. Campa Cola, an iconic soft drink brand in India known for its unique taste and memorable advertising campaigns, has been relaunched by Reliance Industries Limited in March 2023. This revival, occurring almost 23 years after its discontinuation in India, includes the introduction of three flavors such as Campa Cola, Campa Lemon, and Campa Orange in the sparkling beverage category. The range of pack sizes will cater to various consumer needs, from 200ml immediate consumption packs to 500ml and 600ml on-the-go sharing packs, and larger 1,000ml and 2,000ml home packs.

In September 2022, Reliance Retail, an India-based retail company, acquired Campa Cola for an undisclosed amount. The acquisition is aimed at bolstering Reliance's presence in the fast-moving consumer goods (FMCG) sector. This deal revitalizes Campa Cola as a strong competitor against global giants like Coca-Cola and PepsiCo, particularly during the Diwali festive season, by leveraging Reliance's extensive distribution network through its retail stores and JioMart. Campa Cola is an India-based soft drink manufacturer.

Soft drinks are carbonated beverages typically containing sweeteners, flavorings, and sometimes caffeine. Ice, which is frozen water, is commonly added to cool these drinks, enhancing their refreshing qualities. Soft drinks are popular at social gatherings and events, contributing to an enjoyable drinking experience.

The primary categories within the soft drink and ice industry encompass soft drinks and ice. Soft drinks are a popular non-alcoholic beverage, typically carbonated, and they include various flavors and ingredients. These beverages can be categorized as mass-produced or premium, and they are distributed through different channels, including off-trade channels (such as retail sales) and on-trade channels (such as sales in bars and restaurants).

The soft drinks and ice research report is one of a series of new reports that provides soft drinks and ice statistics, including soft drinks and ice industry global market size, regional shares, competitors with soft drinks and ice shares, detailed soft drinks and ice segments, market trends and opportunities, and any further data you may need to thrive in the soft drinks and ice industry. This soft drinks and ice research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the soft drink and ice market include PepsiCo Inc., The Coca-Cola Company, Coca-Cola European Partners PLC, Fomento Económico Mexicano, S.A.B. de C.V., Red Bull GmbH, Nestle S.A., Keurig Dr Pepper Inc., Asahi Group Holdings Ltd., Danone S.A., Suntory Holdings Limited, Hamoud Boualem, National Beverage Corp., Seaman's Beverages, Hawaiian Punch, Hires Root Beer, IBC Root Beer, Orangina, RC Cola, Ricqlès, Jones Soda, Keurig Dr Pepper, Niagara Bottling LLC, Novamex, Pascual Boing, Primo Water Corporation, Reed's, A.G. Barr PLC, Drinko, Murree Brewery, Bickford's Australia Pty. Ltd.

Asia-Pacific was the largest region in the soft drink and ice market in 2024. Western Europe was the second-largest region in the soft drink and ice market. The regions covered in the soft drink and ice market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the soft drink and ice market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The soft drinks and ice market consists of sales of carbonated soft drinks, ice flakes, ice cubes, ice nuggets, bottled water, Ready to Drink (RTD) tea and coffee, juices and juice concentrates, functional drinks, and other soft drinks and ice. The companies in the soft drink and ice industry process raw materials into soft drinks, ice, and purified and bottled water, package and distribute them through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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