Released May 07, 2024 | NEW DELHI
en
Researched by Industrial Info Resources (Sugar Land, Texas)--A growing focus on health and wellness has impacted the soft drinks market around the world. As consumers prioritize their well-being, the search for healthier alternatives with clean labels and high nutrition content is an ongoing trend, driving notable changes in product development and marketing strategies in the global beverage industry.
However, despite the shifting focus, the demand for traditional soft drinks remains sizable and continues to grow, albeit at a slower pace. The convenience of its ready-to-drink format along with its widespread availability and affordability have been the key factors contributing to its persistence and success in the global market.
As a result, soft drink manufacturers are increasingly investing in new capacity build-outs and expanding existing facilities to meet growing consumer demand. Moreover, to adapt to the evolving consumer preferences, manufacturers are further diversifying into healthy substitutes such as plant-based drinks, functional drinks and premium/craft drinks with quality ingredients.
Industrial Info is tracking more than 750 operational soft drinks manufacturing plants globally, the majority of which operate in China and the U.S. Industrial Info also is tracking 90 projects worth about US$4 billion that are geared towards soft drink manufacturing around the world. About 69% of the investment is aimed at grassroot facilities, while 21% are plant expansions. Subscribers to Industrial Info's Global Market Intelligence Food & Beverage Project and Plant databases can click here for a list of detailed project reports and click here for a list of operational soft drink manufacturing plant profiles.
Asia is the biggest driver of project investments, holding 63% of the market with an investment value of nearly US$3 billion across 44 projects. It is followed by North America, with an investment of US$833 million, and Europe, with about US$405 million. There is also an investment of more than US$260 million being tracked in the Oceania region.
By country, China leads the way with a total spend pipeline of about US$2 billion across 22 projects, followed by the U.S. (US$833 million), India (US$261 million) and Australia (US$260 million). Other countries with notable investments include France, Vietnam and Hungary.
With a cumulative project spending of around US$2 billion, John Swire & Sons Limited (London, England), Yuanqi Senlin Beijing Foods Technology Company Limited (Beijing, China), Guangzhou Dongpeng (Eastroc) Foods & Beverage Company (Guangzhou, China) and Guangxi Wufucheng Food Company Limited (Guanxi, China) are the top players in the market and own a combined market share of about 41%.
As the leading spender, John Swire & Sons, through its subsidiary Swire Coca-Cola USA, plans to construct a large grassroot bottling and warehousing facility in Denver, Colorado. Subscribers can click here for the project report.
With 44% of the investment in the planning stages, 43% already under construction and 13% in the engineering stages, most of these projects are likely to be completed between July 2024 and December 2025, while the rest are expected to reach fruition by December 2028.
With 38 new plants likely to come up in China and the U.S. by 2026, the market for soft drinks remains robust and is expected to witness new flavors and formulations in the future along with further value-added diversification into healthier alternatives.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
However, despite the shifting focus, the demand for traditional soft drinks remains sizable and continues to grow, albeit at a slower pace. The convenience of its ready-to-drink format along with its widespread availability and affordability have been the key factors contributing to its persistence and success in the global market.
As a result, soft drink manufacturers are increasingly investing in new capacity build-outs and expanding existing facilities to meet growing consumer demand. Moreover, to adapt to the evolving consumer preferences, manufacturers are further diversifying into healthy substitutes such as plant-based drinks, functional drinks and premium/craft drinks with quality ingredients.
Industrial Info is tracking more than 750 operational soft drinks manufacturing plants globally, the majority of which operate in China and the U.S. Industrial Info also is tracking 90 projects worth about US$4 billion that are geared towards soft drink manufacturing around the world. About 69% of the investment is aimed at grassroot facilities, while 21% are plant expansions. Subscribers to Industrial Info's Global Market Intelligence Food & Beverage Project and Plant databases can click here for a list of detailed project reports and click here for a list of operational soft drink manufacturing plant profiles.
Asia is the biggest driver of project investments, holding 63% of the market with an investment value of nearly US$3 billion across 44 projects. It is followed by North America, with an investment of US$833 million, and Europe, with about US$405 million. There is also an investment of more than US$260 million being tracked in the Oceania region.
By country, China leads the way with a total spend pipeline of about US$2 billion across 22 projects, followed by the U.S. (US$833 million), India (US$261 million) and Australia (US$260 million). Other countries with notable investments include France, Vietnam and Hungary.
With a cumulative project spending of around US$2 billion, John Swire & Sons Limited (London, England), Yuanqi Senlin Beijing Foods Technology Company Limited (Beijing, China), Guangzhou Dongpeng (Eastroc) Foods & Beverage Company (Guangzhou, China) and Guangxi Wufucheng Food Company Limited (Guanxi, China) are the top players in the market and own a combined market share of about 41%.
As the leading spender, John Swire & Sons, through its subsidiary Swire Coca-Cola USA, plans to construct a large grassroot bottling and warehousing facility in Denver, Colorado. Subscribers can click here for the project report.
With 44% of the investment in the planning stages, 43% already under construction and 13% in the engineering stages, most of these projects are likely to be completed between July 2024 and December 2025, while the rest are expected to reach fruition by December 2028.
With 38 new plants likely to come up in China and the U.S. by 2026, the market for soft drinks remains robust and is expected to witness new flavors and formulations in the future along with further value-added diversification into healthier alternatives.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
