The Current State of the Top 10 Soft Drink Companies in 2022
The top 10 soft drink companies in the world will continue to be key drivers of growth in the global industry through 2022. The global soft drink industry is growing at a rapid rate, with the global soft drinks market size projected to reach USD 589.9 billion by 2028, expanding at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2028. The most popular soft drinks brands in the world are leading this growth, attributed to rising disposable incomes, changing lifestyles, and a growing population.
The current state of the top 10 soft drink companies in 2022 is that they are all experiencing a decline in sales due to health concerns surrounding sugar consumption and the rising popularity of other beverages such as tea and coffee. In response to this decline in sales, most of the top 10 soft drink companies have been diversifying their product offerings by adding healthier options like bottled water and juices. Some have also focused on improving their marketing efforts to try and increase brand awareness among consumers who may not be aware of their products or believe they are unhealthy.
The largest soft drink manufacturers are Coca-Cola, Pepsi, and Unilever. This article will provide a thorough breakdown of the top 10 soft drink companies in the world as of 2022, including information about their revenues and annual production. This data can help you answer the following questions about the global soft drink industry:
- What are the top soft drink companies in the world?
- What are the top soft drink brands by revenue?
- What is the global soft drink industry worth?
- What are the leading companies across various other beverage industries?
- What is the most popular soft drink?
- Global soft drink industry stats and trends you should know.
- What are the big 5 beverage industries and categories?
- How to market your business to soft drink manufacturers.
BizVibe helps businesses discover, track, evaluate, and connect with hundreds of thousands of soft drink companies, including the top companies such as PepsiCo, Coca-Cola, and more. For each company profile, users can access best-in-class supplier intelligence highlighting key products and services, risk of doing business, industry opportunities, key executive information, competitor insights, and much more.
Global Soft Drink Industry Stats and Trends
The global soft drink industry is growing at a rapid rate; it’s one of the fastest-growing industries in the world. According to Statista, global soft drink sales are expected to reach $1 trillion by 2022, which would be up from $913 billion in 2017. The report also states that between 2017 and 2022, the soft drink market will grow at an annualized rate of 3 percent.
This growth is driven by several factors, including increasing demand for healthier products, rising disposable income, and increasing population. In addition to these factors, we’ll go over the top global soft drink industry stats and trends you need to know about.
- The global soft drinks market size is projected to reach USD 589.9 billion by 2028, expanding at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2028.
- PepsiCo is the largest soft drink company in the world, with annual revenues of USD 79.47 Billion.
- What are the big 5 beverage industries and categories? The big 5 beverage industries are soft drinks, protein drinks, fruit drinks, herbal drinks, and alcoholic beverages.
- Coca-Cola Classic is the world’s most popular caffeinated soft drink and it is produced by The Coca-Cola Company, a multinational corporation.
- Tea is the most consumed manufactured drink in the world, leading to the popularity of manufactured herbal drinks.
- There is a growing demand for low-calorie drinks due to increasing awareness about obesity and diabetes will increase the consumption of low-calorie beverages.
- The Asia Pacific soft drink market is projected to reach USD 478 billion by 2023. This can be attributed to the high consumption rate in countries such as China and India coupled with rapid urbanization that has led to increased disposable income levels among consumers in these countries.
- An increase in disposable income of consumers especially in emerging markets will drive demand for premium and luxury brands.
Top 10 Soft Drink Companies in the World 2022
The following is a list of the top 10 soft drink companies in the world ranked by sales, revenue, influence, and more. We also explore how these companies are performing, their product and service offerings, main achievements, and where in the world the largest soft drink brands are located.
Rank |
Soft Drink Company |
Headquarters |
Revenue (USD Billions) |
| 1 | PepsiCo | New York, USA | 79.47 |
| 2 | Unilever | London, United Kingdom | 52.92 |
| 3 | The Coca-Cola Company | Georgia, USA | 37.27 |
| 4 | Asahi Group Holdings | Tokyo, Japan | 19.73 |
| 5 | Dr. Pepper Snapple Group | Texas, USA | 11.12 |
| 6 | Kofola | Ostrava, Czech Republic | 6.99 |
| 7 | Monster Beverage | California, USA | 5.54 |
| 8 | Arizona Beverage Company | New York, USA | 3 |
| 9 | Primo Water | Florida, USA | 2.1 |
| 10 | Britvic | Herefordshire, United Kingdom | 1.9 |
Here is a ranking of the top 10 soft drink companies in the world based on various factors, including sales, revenue, and market leadership.
1. PepsiCo
Who is the largest soft drink company in the world? PepsiCo ranks number 1 on our list of the top 10 soft drink companies in the world in 2022. PepsiCo is the largest soft drink company in the world. It is a multinational food and beverage corporation headquartered in Purchase, New York. The company was founded by Caleb Bradham in 1898 as “Brad’s Drink.” Bradham renamed his business Pepsi-Cola on August 28, 1902, after the digestive enzyme pepsin and kola nuts were used in the recipe of the product. The product’s name was shortened to Pepsi in 1903.
In 2016, PepsiCo had 31% of total global sales among soft drinks companies. It has 11 brands that each generates over $1 billion in annual revenue: Gatorade, Aquafina, Lipton (tea), Tropicana (juice), Quaker Oats, Frito-Lay (snacks), Doritos, Cheetos (snacks), Mountain Dew, Diet Mountain Dew, Sierra Mist.
PepsiCo’s products include potato chips under the Frito-Lay brand name; baked goods under the Tostitos brand; Quaker oatmeal products; Tropicana juices and beverages made with 100% pure squeezed orange juice; Gatorade sports drinks; SoBe beverages and Zone Perfect nutrition bars.
- Headquarters: New York, USA
- Revenue: USD 79.47 billion
2. Unilever
Unilever ranks 2nd on this list top 10 largest soft drink brands in the world in 2022. Unilever is a Dutch-British transnational consumer goods company co-headquartered in Rotterdam and London, with its primary listing on the Euronext Amsterdam stock exchange and secondary listings on the London Stock Exchange and the New York Stock Exchange. Its products include food, beverages, cleaning agents, and personal care products. It is the world’s third-largest consumer goods company measured by revenue. Unilever has operations in around 190 countries worldwide with certain brands such as Dove or Vaseline being very well known around the world.
Unilever soft drink brands include 7Up, Lipton Ice Tea, Mott’s Apple Juice, Schweppes Ginger Ale, Sun Drop Citrus Soda, and many more.
- Headquarters: London, United Kingdom
- Revenue: USD 52.92 billion
3. The Coca-Cola Company
Coca-Cola ranks 3rd on this list of the top 10 soft drink companies in the world in 2022. Based in Atlanta, Georgia, it manufactures and distributes more than 500 brands of soft drinks, fruit juices, sports drinks, water products, and teas.
The Coca-Cola Company was founded by Asa Candler in 1892 as The Coca-Cola Company. It was incorporated as a Delaware corporation in 1919. The company has operated a franchised distribution system since 1889 where The Coca-Cola Company only produces syrup concentrate which is then sold to various bottlers throughout the world who hold exclusive territories. The Coca-Cola Company owns its anchor bottler in North America, Coca-Cola Refreshments (formerly Coca-Cola Enterprises), and a 16% stake in Keurig Green Mountain. The company’s stock is listed on the New York Stock Exchange and is part of indexes including the Dow Jones Industrial Average and S&P 500.
The Coca-Cola Company markets and sells its products in more than 200 countries. The company has been in business for over 130 years and is one of the most valuable brands in the world. It has a market cap of $250 billion, with annual sales of $35 billion. The company employs over 200,000 people worldwide and operates more than 500 factories worldwide. Coca-Cola drink brands include Coca-Cola Classic (the original formula), Diet Coke (introduced 1982), Caffeine Free Diet Coke (introduced 1985), Sprite (introduced 1960 as a lemon-flavored soda with no caffeine), and Fanta Orange/Lemon Fanta.
- Headquarters: Georgia, USA
- Revenue: USD 37.27 billion
4. Asahi Group Holdings
Ranking 4th on this list of soft drinks manufacturers is Asahi Group Holdings. Asahi Group Holdings, Inc. is a Japanese brewing and soft drinks company headquartered in Tokyo. It is the world’s fifth largest beer producer and second-largest brewery by revenue, after Anheuser-Busch InBev. Asahi’s most popular products are “Super Dry” beer and “Zero” non-alcoholic beer. The company also produces soft drinks and bottled water, as well as other beverages such as coffee, tea, and juice.
In addition to its flagship brand Super Dry beer, Asahi also brews premium brands including Asahi Gold Dry Pale Ale, Nama Genshu (unpasteurized) Sake, Kirin Ichiban Shibori (seasonal), Yebisu (seasonal), Sapporo Premium Malt’s Mild Ale, and Hitachino Nest Beer. The company also produces soft drinks under the labels Pop Water, Aloe Water, Calpis Water, Melon Soda, and Oronamin C Drink.
Asahi was founded in Tokyo on 16 February 1892 by Shinjiro Torii as the “Tsukuru Shuzo” distillery; later renamed the “Asahi Shuzo” distillery which distills shochu liquor from rice or barley; originally sold sake to restaurants
- Headquarters: Tokyo, Japan
- Revenue: USD 19.73 billion
5. Dr. Pepper Snapple Group
Dr. Pepper Snapple Group ranks 5th on this list of the top 10 largest soft drink companies in the world in 2022. The company is headquartered in Tokyo, Japan, with a revenue of USD 19.73 billion (estimated).
The Dr. Pepper Snapple Group was established in 1992 as a merger between the Dr. Pepper Company and Cadbury Schweppes Americas Beverages (formerly known as Plano-based Royal Crown Company). The company owns over 50 brands including 7UP, A&W Root Beer, Mott’s apple juice, and Sunkist orange soda. It also owns or licenses more than 500 non-carbonated beverage brands worldwide, including TABASCO hot sauce, Clamato juice drinks, and Green Mountain Coffee Roasters coffee products.
The company markets its products through a wide range of distribution channels including grocery stores, convenience stores, and mass merchandisers. It also sells directly to food service customers such as restaurants, hotels, and hospitals through its network of independent distributors and its direct sales force around the world.”
- Headquarters: Tokyo, Japan
- Revenue: USD 19.73 billion
Related: Get Free Insights for the Leading Beverage Manufacturers
6. Kofola
Kofola ranks 6th on this list of the top 10 largest soft drink companies in the world in 2022. Kofola is a brand of soft drink produced by the Kofola Company, a.s., an East-Central European soft drinks company based in the Czech Republic. It is available in several variations, with and without caffeine.
The Kofola Company was founded in 1992 by three entrepreneurs: Jan Kofol, Václav Kubů and Petr Hruška. It began as a producer of mineral water and carbonated drinks. In 1993, it opened its first bottling plant in Ostrava-Mariánské Hory, which is currently its corporate headquarters. In 1995, it began production at its second plant in Ostrava-Lhotka.
Kofola’s main product lines are: Kofola Original (caffeine free), Kofola Citrus (caffeine free), Kofola Orange (caffeine free), Kofola Red Bull (with caffeine)
- Headquarters: Ostrava, Czech Republic
- Revenue: USD 6.99 billion
7. Monster Beverage
Monster Beverage ranks 7th on this list of the top 10 soft drink companies in the world in 2022. Monster Beverage Corporation is a multinational beverage company based in Corona, California. The company manufactures and distributes energy drinks, sports drinks, and ready-to-drink teas. It is an independent licensee of the Monster Energy brand.
Monster Beverage’s headquarters are located in Corona, California. The company also has offices in Atlanta, Georgia; San Francisco, California; Dallas, Texas; Jacksonville, Florida; New York City; London; Sydney; Toronto; and Sao Paulo.
In addition to its corporate headquarters, Monster Beverage operates a manufacturing plant in nearby Riverside County that produces Monster Energy drinks as well as other beverages such as Hansen’s Natural Sodas and Peace Tea (a brand of Lipton). Monster Beverages produces more than 5 billion cans of energy drinks annually at this facility.
- Headquarters: California, USA
- Revenue: USD 5.54 billion
8. Arizona Beverage Company
Arizona Beverage Company ranks 8th on this list of the top 10 largest soft drink companies in the world in 2022. Arizona Beverage Company is a beverage producer based in New York City. The company was started by John Ferolito and Don Vultaggio in 1987. The company produces energy drinks, iced teas, juice drinks, and sports drinks. It also sells coffee, hot chocolate mix, and tea bags under the Arizona brand name.
- Headquarters: New York, USA
- Revenue: USD 3 billion
9. Primo Water
Primo Water ranks 9th on this list of the top 10 soft drink companies in the world. In addition to water, Primo also produces flavored sparkling waters and fruit juices. The company was founded by Frank Pannam in 1987 and is now owned by Nestlé Waters North America (NWNA). NWNA is a subsidiary of Nestlé SA, a Swiss multinational food and beverage company headquartered in Vevey, Switzerland.
- Headquarters: Florida, USA
- Revenue: USD 2.1 billion
10. Britvic
Britvic ranks 10th on this list of the top 10 soft drink companies in the world in 2022. Britvic is a soft drink company that is headquartered in Herefordshire, United Kingdom. The company was established in 1926 and operates as a subsidiary of Britvic Soft Drinks Limited.
The company is one of the largest producers of soft drinks in the world with a market share of around 5%. The company produces over 1,600 products including Ribena, Robinsons, and J2O.
The company’s revenues have been on an upward trend over the last few years. The total revenue for FY19 was USD 1.9 billion compared to USD 1.8 billion for FY18. The operating profit for FY19 was USD 543 million compared to USD 512 million for FY18.
- Headquarters: Herefordshire, United Kingdom
- Revenue: USD 1.9 billion
This is BizVibe’s list of the top 10 soft drink companies in the world. Various market trends affect the soft drink industry. The soft drink industry is a global industry with excellent growth potential. The rising purchasing power of Asia Pacific and Latin American consumers coupled with the focus on healthy lifestyles will aid further innovations by a large number of manufacturers in the market. It is expected that the flow of investment will be towards more premium drinks, including energy drinks and functional beverages.
It is the combination of experience, the creation of new products, and integrated marketing initiatives that determine global soft drink company rankings. So, if big brands like PepsiCo and The Coca-Cola Company know how to tap into this market with the right strategies, you should too. Research how these companies approach soft drinks.
The Future of the Global Soft Drink Industry
The popularity of soft drinks has grown steadily over the last 50 years and has become a staple in many households around the world. The market for soft drinks is expected to continue growing as consumers become more health conscious, especially in developed economies.
The global average annual per capita consumption of carbonates and non-carbonates is estimated at 240 liters per person. This figure represents an increase from 196 liters per capita in 2012 and 181 liters in 2005. The largest consumers of soft drinks are found in North America, Western Europe, and Eastern Europe where annual per capita consumption exceeds 300 liters each year.
Many factors contribute to this growth including:
Globalization – As more countries join the global economy, consumer tastes shift towards Western-style foods like hamburgers and pizzas which often contain high levels of salt and fat. These foods are usually accompanied by soft drinks which often contain high levels of sugar or artificial sweeteners such as aspartame or saccharin. This makes it easier for countries like China to import their products rather than produce them themselves. The top soft drink brands continue to lead the way with innovation in 2022.
World Rankings for the Largest Soft Drink Brands in the World 2022
The soft drink industry is one of the largest and fastest-growing industries in the world. At the moment, more than 2 billion people around the globe consume at least one soft drink every day. The average person in North America consumes more than 50 gallons of soda per year. This page provides a complete list of the most popular soft drink companies in the world by annual revenues.
Rank |
Soft Drink Company |
Headquarters |
Revenue (USD Billions) |
| 1 | PepsiCo | New York, USA | 79.47 |
| 2 | Unilever | London, United Kingdom | 52.92 |
| 3 | The Coca-Cola Company | Georgia, USA | 37.27 |
| 4 | Asahi Group Holdings | Tokyo, Japan | 19.73 |
| 5 | Dr. Pepper Snapple Group | Texas, USA | 11.12 |
| 6 | Kofola | Ostrava, Czech Republic | 6.99 |
| 7 | Monster Beverage | California, USA | 5.54 |
| 8 | Arizona Beverage Company | New York, USA | 3 |
| 9 | Primo Water | Florida, USA | 2.1 |
| 10 | Britvic | Herefordshire, United Kingdom | 1.9 |
| 11 | National Beverage | Florida, USA | 1.07 |
| 12 | Reed Barton | Connecticut, USA | 0.34 |
| 13 | Red Bull North America | Fuschl, Austria | 0.66 |
| 14 | Bisleri | Mumbai, India | 0.22 |
| 15 | Jones Soda Company | Washington, USA | 0.14 |
Additional Companies from the Beverage Industry
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