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> View more reportsSteady declines in carbonated soft drink volumes are largely due to health concerns, as soda's high sugar and caffeine contents cause several health issues like obesity, diabetes, osteoporosis, and tooth decay.
As a result, carbonated drinks only accounts for 20.0% of non-alcoholic drinks sales, compared to mineral and spring water at 59.5% and fruit and vegetable juices at 20.4% in 2020.
Still bottled water - spring, mineral and purified, carbonated bottled water - spring, mineral and purified, flavored bottled water and functional bottled water are the 2nd highest retail value of soft drinks with sales of $238.9 billion in 2019, representing growth of 33.4% or $60.1 billion since 2015.
In terms of the volume of annual consumption, non-alcoholic (or soft) drinks account for around 65% of the market and these come in a wide range of forms, including bottled water, carbonated drink, soda, energy drinks, sports or electrolyte drinks, fruit juices, ready-to-drink tea and coffee, etc.
Soft drinks consumption is largely dominated by the bottled water and carbonated drinks categories, which account for 80 per cent of the total sales of soft drinks.
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