Soft Drinks Market To Grow By US$449.6 Billion By 2025
Monday, November 4th, 2019 | 169 Views
The Soft Drinks market worldwide is projected to grow by US$449.6 Billion, driven by a compounded growth of 5.8 percent, according to a study by Research and Markets. Carbonated Soft Drinks, one of the segments analysed and sized in this study, displays the potential to grow at over 6.3 percent.
The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$695.6 Billion by the year 2025, Carbonated Soft Drinks will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 4.9 percent growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$15.9 Billion to the region’s size and clout in the next 5 to 6 years. Over US$13.7 Billion worth of projected demand in the region will come from the rest of the European markets.
In Japan, Carbonated Soft Drinks will reach a market size of US$37.6 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.5 percent over the next couple of years and add approximately US$121.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
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