The global diet soft drinks market size is projected to touch USD 5.2 billion by 2025, according to a new report by Million Insights. It is projected to grow at a CAGR of 3.2% through the forecast period of 2019 to 2025. There has been an upsurge in demand of diet soft drinks in the past few years owing to changing preference of consumers from beverages with high sugar content to healthier ones with low or no sugar content. Consumers have been preferring zero or low calorie beverages because of increasing health concerns that is anticipated to boost the growth of the market in the upcoming years.
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Market Synopsis of Diet Soft Drinks Market:
Rising demand for diet soft
drinks in the industry of food services is anticipated to boost the product
demand. Further, the trend of eating clean and healthy amongst the consumers
has positively affected the growth of beverage and food industry, where the
manufacturers are concentrating on manufacturing products with minimum or no
artificial preservatives. For example, Coco Cola had introduced Diet Coke in
several flavors and sugar-free beverages in the untapped markets like New
Zealand. Likewise, Schweppes produces diet tonic water that is also consumed as
a soft drink.
Asia Pacific is anticipated to
grow at a CAGR of 3.8% over the forecast period. The Asia Pacific market region
is full of opportunities for new segments like non-alcoholic beverages and
convenience food, as growing economies like India and China are adapting the
western lifestyle and culture that help consumers in being conscious about
their health in their day-to-day life.
Furthermore, increasing
population of female workforce is transforming them to be economically
independent, thereby, creating significant demand for non-alcoholic beverages
and convenience food products. The above-mentioned factors are projected to increase
the demand for diet soft drinks products in the upcoming years.
Diet soft drinks are mostly
purchased from the general merchandisers and supermarkets. Supermarkets
accounted for USD 1.4 billion of revenue in 2018. A variety of products sold by
several brands are available in the supermarkets. These products can be
compared for their price and quality physically by the consumers for purchasing
the best variant, thereby, driving the demand of this segment.
The major players in the diet
soft drink market include PepsiCo; Nestlé; Cott Corporation; Coca Cola; Polar
Beverages; Unilever; and Keurig Dr Pepper, Inc.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Diet Soft Drinks: Market
Variables, Trends & Scope
Chapter 4 Diet Soft Drinks:
Product Estimates & Trend Analysis
Chapter 5 Diet Soft Drinks:
Application Estimates & Trend Analysis
Chapter 6 Diet Soft Drinks:
End-use Estimates & Trend Analysis
Chapter 7 Diet Soft Drinks:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Diet Soft Drinks:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Diet Soft Drinks:
Manufacturers Company Profiles
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