
The Global Market for Beverages
The global beverage market now accounts for 30% of all consumer expenditure on food and drink (F-1). Alcoholic drinks is the largest category, with sales of all alcoholic drinks, including beers, wines and spirits, worth $1,587 billion globally and growing rapidly at a rate of 8.5% per year (F-2).
Soft drinks are the next largest beverage market. Global sales of all soft drinks, including juices, carbonates, bottled water and energy drinks, now total $500 billion, with consumer demand growing at a rate of 5.5% per year.



!['[R]etaining this next generation will depend on continuing to position flavor science as a field where individuals can combine scientific excellence with creativity and real-world impact, shaping how consumers experience food in ways that improve both health and sustainability,' says John Savage, IOFI president and president and CEO of Taste at Kerry.](https://img.perfumerflavorist.com/mindful/allured/workspaces/default/uploads/2026/07/john-savage.Cws5vQDBLp.jpg?auto=format%2Ccompress&fit=crop&h=191&q=70&w=340)






