Soda Production in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 31211aRevenue
$42.0bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
67,051
Businesses
402
Wages
$X.Xbn
Soda Production in the US industry analysis
In the current period, dropping per capita soft drink consumption expansively impacted soda producer performance. Demand for both regular and diet carbonated soft drinks has fallen as more consumers have prioritized choosing healthier beverages, mainly resulting from media coverage of the adverse effects of sugary beverages. While robust growth of energy drinks has benefited soda producers, it has not been enough to keep revenue in expansion territory. Soda producer revenue will drop at a CAGR of 1.5% to an estimated $42.0 billion through the end of 2024, including an estimated 0.7% contraction in 2024 alone.
Trends and Insights
- Major soda producers have introduced new products, including various sweeteners, to mitigate losses resulting from lower consumption. Strong brand loyalty and new artisanal products have allowed producers to keep prices high while input costs have fluctuated.
- Expanding consumer health consciousness has reoriented demand for soft drinks. Soda producers are increasingly focusing on more low-calorie, energy-oriented alternatives.
- Population concentration drives location choices for soda companies. Regions with major metropolitan areas, like the New York and Atlanta areas, are home to soda producers because of their access to end markets.
- Soda producers compete based on price levels, product range, product innovation and marketing. The proliferation of private-label brands has also intensified price-based competition among manufacturers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $42.0bn in 2024.
Trends and Insights
Dropping demand for carbonated soft drink has led to fizzling sales
- Members of the government, the media and the research community have vocalized the consequences of consuming artificially sweetened diet soda and that drinking large volumes of regular soda can lead to obesity.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Health concerns spark further product innovation
- Carbonated soft drinks have been a staple in the beverage industry for decades. However, over the last few years, there’s been a noticeable drop in demand for regular and diet carbonated soft drinks (CSDs). This has stemmed from rising health concerns among consumers, for example, regarding the excess sugar in traditional CSDs and artificial sweeteners used in diet drinks.
Biggest companies in the Soda Production in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Pepsico, Inc. | 18,038.7 | 2,506.6 | 13.9 | |
Keurig Dr Pepper Inc. | 8,797.4 | 2,073.3 | 23.6 | |
Monster Beverage Corporation | 2,912.6 | 796.5 | 27.3 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Regular carbonated soft drinks, Diet carbonated soft drinks and sparkling water and Energy and sports drinks. Regular carbonated soft drinks is the largest segment of the Soda Production in the US.
Trends and Insights
Regular carbonated soft drinks are dropping in popularity
- Sodas sweetened with sugar, corn syrup and other natural sweeteners are included in this product category. Some of the more popular flavors include mixtures of cola and other flavorings, like root beer or Dr. Pepper, in addition to citrus-flavored sodas.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Bottled Water Production in the US
- Juice Production in the US
Complementors
- Sugar Processing in the US
- Syrup & Flavoring Production in the US
- Baking Mix & Prepared Food Production in the US
International industries
- Global Soft Drink & Bottled Water Manufacturing
- Soda Production in Canada
- Soft Drink Manufacturing in Australia
- Soft Drink, Juice and Bottled Water Manufacturing in New Zealand
- Soft Drink Production in the UK
Table of Contents
About this industry
Industry definition
Soda producers manufacture soft drinks by blending various ingredients with artificially carbonated water. This industry also includes energy beverages, which are specifically formulated with stimulants like caffeine and guarana for boosted mental and physical stimulation.
What's included in this industry?
Producing regular carbonated soft drinksProducing diet carbonated soft drinks and sparkling waterProducing energy and sports drinksProducing mixers and other beveragesCompanies
Pepsico, Inc.Keurig Dr Pepper Inc.Monster Beverage CorporationPurchase this report to view all 4 major companies in this industry.
Related Terms
CARBONATED SOFT DRINKS (Csds)PRIVATE LABELSPARKLING BEVERAGESTILL BEVERAGEREADY-TO-DRINKENERGY DRINKSSTEVIAIndustry Code
NAICS 312111 - Soda Production in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Major soda producers have introduced new products, including various sweeteners, to mitigate losses resulting from lower consumption. Strong brand loyalty and new artisanal p...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Expanding consumer health consciousness has reoriented demand for soft drinks. Soda producers are increasingly focusing on more low-calorie, energy-oriented alternatives.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Population concentration drives location choices for soda companies. Regions with major metropolitan areas, like the New York and Atlanta areas, are home to soda producers be...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Soda producers compete based on price levels, product range, product innovation and marketing. The proliferation of private-label brands has also intensified price-based comp...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
PepsiCo Inc. is the largest soda producer in this comparison. The company leverages its portfolio and brand recognition to maintain its position in the market.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Pepsico, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Keurig Dr Pepper Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Monster Beverage Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Pepsico, Inc., and factors influencing its performance in the industry
- Description and key data for Keurig Dr Pepper Inc., and factors influencing its performance in the industry
- Description and key data for Monster Beverage Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Rising concerns about the safety of caffeinated beverages have led government officials to propose legislation to curb their consumption. These regulations, which get passed ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The leading soda manufacturers see higher earnings than the industry average. As competition has intensified, some smaller producers have been pressured to lower their prices...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Soda Production in the US industry in United States in 2024?
The market size of the Soda Production in the US industry in United States is $42.0bn in 2024.
How many businesses are there in the Soda Production in the US industry in 2024?
There are 402 businesses in the Soda Production in the US industry in United States, which has grown at a CAGR of 2.1 % between 2019 and 2024.
Has the Soda Production in the US industry in United States grown or declined over the past 5 years?
The market size of the Soda Production in the US industry in United States has been declining at a CAGR of 1.5 % between 2019 and 2024.
What is the forecast growth of the Soda Production in the US industry in United States over the next 5 years?
Over the next five years, the Soda Production in the US industry in United States is expected to decline.
What are the biggest companies in the Soda Production in the US market in United States?
The biggest companies operating in the Soda Production market in United States are Pepsico, Inc., Keurig Dr Pepper Inc. and Monster Beverage Corporation
What does the Soda Production in the US in United States include?
Producing regular carbonated soft drinks and Producing diet carbonated soft drinks and sparkling water are part of the Soda Production in the US industry.
Which companies have the highest market share in the Soda Production in the US in United States?
The company holding the most market share in United States is Pepsico, Inc..
How competitive is the Soda Production in the US industry in United States?
The level of competition is high and steady in the Soda Production in the US industry in United States.
