Soda Production in the US
Strong media coverage on the adverse effects of sugary beverages ultimately burst producers' bubble, causing revenue to decline an estimated 0.5% in 2018 alone. However, robust growth of energy drink brands kept the industry from completely going flat. Overall, IBISWorld estimates that industry revenue will decline at an annualized rate of 0.1% to $45.4 billion over the five years to 2018. Over the five years to 2023, the industry's soda segment will experience a difficult operating environment, as government campaigns promoting healthier habits cause consumers to purchase less soda, despite improving consumer spending. As a result, over the five years to 2023, the industry is expected to decline at an annualized rate of 0.5% to $44.2 billion.
Companies in the Soda Production industry manufacture soft drinks by blending various ingredients with artificially carbonated water. This industry also includes energy beverages. Producers of bottled water, ready-to-drink teas and coffees, as well as juice manufacturers are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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