Soda Production in Canada - Market Research Report (2014-2029)

Flat Soda: Operators Will Likely Have to Contend with Intensifying External Competition

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Soda producers are highly susceptible to shifts in consumer preferences, health consciousness and levels of international trade. For years, soda consumption has been declining due to rising health awareness among consumers, resulting in steady declines in soda sales. The largest brands have faired better than most due to strong brand loyalty and lower production costs. Smaller producers experience harsher conditions, but rising popularity in energy drinks, in particular, has provided a niche for many new and smaller players. Still, revenue has been declining at a CAGR of 1.3% over the past five years and is expected to reach $3.6 billion in 2023, when revenue will decline an estimated 0.5%.

This industry primarily produces carbonated soft drinks, energy and sports drinks. Products are created by blending various ingredients with artificially carbonated water. Producers of bottled water, ready-to-drink teas and coffees and juice manufacturers are excluded from this industry.