Global Soft Drink & Bottled Water Manufacturing - Market Research Report (2014-2029)

The Global Soft Drink and Bottled Water Manufacturing industry has experienced obstacles stemming from mature markets, leading to an overall contraction. Due to growing health concerns, North American and European consumers have curbed their sugary beverages, like carbonated soft drinks, fruit juices and traditional sports drinks. Bottled water consumption has also wavered because of concerns over the environmental footprint of plastic bottles. Nonetheless, the strengthening economies of the BRIC nations, including Brazil, Russia, India and China and countries in Asia, Latin America and the Middle East have supported consumer adoption of industry products. The COVID-19 pandemic has proven yet another obstacle to overall expansion, with revenue forecast to shrink at a CAGR of 2.1% to $211.7 billion over the five years to 2024, when revenue will dip by 0.8% during the current year.