Top 10 Soft Drink Companies In 2025: Who Rules The Market?

In 2025, the landscape of soft drink companies will be more vibrant than ever. As we sip our way through the year, it’s clear that these beverage titans are not just surviving; they’re thriving. The Coca-Cola Company leads the charge, with a market cap of almost $305 Billion. Not far behind, PepsiCo holds a significant market slice. Together, they dominate the fizzy world of sodas.

Let’s face it, we all have our favorite soft drink brands, right? And the numbers? They don’t lie. Just think, here in the U.S., supermarkets and those corner convenience stores have a mind-blowing $115 billion worth of soft drinks sales. That’s a ton of fizz! With the soft drink world so massive, it’s time to take a peek at the Top 10 Soft Drink Companies in 2025.

Now, before we jump into the rankings, let’s first quickly define soft drinks.

• What are ‘Soft drinks’?

Simply put, a soft drink is any non-alcoholic beverage, typically carbonated and sweetened.

This broad category includes familiar favorites like:

1. Carbonated Soft Drinks (CSDs): Your classic sodas, like colas, lemon-lime drinks, and fruit-flavored sodas.
2. Fruit-Flavored Drinks: Non-carbonated or lightly carbonated drinks with fruit juice or flavors.
3. Energy Drinks: Beverages designed to boost energy with caffeine and other stimulants.
4. Sports Drinks: Formulated to replenish electrolytes and fluids.
5. Bottled Water: Including plain, mineral, and flavored water.
6. Ready-to-Drink (RTD) Teas and Coffees: Convenient pre-packaged versions.

Now that you have an understanding of what soft drinks categories are, let’s look at the ultimate soft drinks list. Note that this listing is based on popularity and current revenue.

List Of Top 10 Soft Drink Companies In 2025

1. Coca-Cola

• Headquarters: Atlanta, Georgia, US
• Founding year: 1886

Coca-Cola’s a global phenomenon, isn’t it? Just imagine, over 2.2 billion of their beverages are consumed every day, across more than 200 nations. They’re not just making drinks, they’re creating jobs, too, with over 700,000 people employed through their bottling partnerships. And you’ve got to admit, their variety is impressive – hundreds of brands and thousands of drinks, covering everything from classic sodas to diverse water, coffee, and tea options.

For the full year, net revenues grew 3% to $47.1 billion. In terms of cash flow, operations brought in $6.8 billion, and free cash flow was $4.7 billion. Therefore they are always a company on the top soda brands 2025 lists.

• Beverage Categories:

Sparkling Soft Drinks, Waters & Hydration, Juices & Dairy, Coffee & Tea.

• Key Brands & Products:

Coca-Cola, Costa Coffee, Diet Coke, Fanta, Minute Maid, Simply Juices and Drinks, Smartwater, Sprite.

2. Pepsico

• Headquarters: Purchase, New York, US
• Founding year: 1965

PepsiCo is a multinational food and beverage corporation with a diverse range of popular brands. Even though founded in 1965, Pepsi-Cola was invented in 1898 by Caleb Bradham.

In 2024, they brought in nearly $92 billion in revenue. One of the biggest soda brands for a reason! That’s not just big, it’s huge. It just goes to show how much we all love their products. And when you realize that multiple PepsiCo brands each generate over $1 billion dollars in annual retail sales, it really makes you think about how much of a part of our daily lives they are.

• Beverage Categories:

Carbonated soft drinks, bottled water, juices, ready-to-drink teas and coffees, sports drinks.

• Key Brands & Products:

Pepsi, Mountain Dew, Aquafina (water), Gatorade (sports drink), Mirinda.

3. Nongfu Spring

• Headquarters: Hangzhou, Zhejiang, China
• Founding year: 1996

Nongfu Spring is all about “Natural & Healthy,” and they take that seriously. They’re known for their commitment to using quality natural water sources, never tap water, and they don’t add any artificial minerals to their bottled water. Basically, they’re bringing you water as nature intended.

They’re also big on technology, with 137 automated production lines, including 106 for drinking water and 31 for other beverages. Some of their drinking water lines can pump out a staggering 81,000 bottles per hour, and their beverage lines meet super-strict aseptic standards.

The total revenue for 2024 was approximately $3.05 billion, showing an 8.4% increase from the previous year.

• Product Categories:

Water products, tea products, coffee products, functional drink products, fruit juice products, plant protein products, agricultural products, sparkling flavored drinks.

4. Monster Beverage

• Headquarters: Corona, California
• Founding year: 1985

Monster Beverage? They’re the energy drink kings, plain and simple. They’re behind loads of those famous energy drink brands you see everywhere. Their whole deal is making drinks that give you a boost when you need it. Think of them as your go-to for a quick jolt of energy.

They specialize in a diverse portfolio of energy drinks, including their flagship Monster Energy® line, as well as brands like NOS®, Full Throttle®, and Reign®. Their product range extends from traditional energy drinks to coffee-infused and juice-blended options, catering to a wide variety of tastes and needs. They have also recently acquired the Bang Energy brand.

• Key Brands & Products:

Monster Energy, Burn, NOS, Full Throttle, Relentless, Mother, Reign, Predator, Bang, Canarchy, Tour Water.

5. Keurig Dr Pepper

• Headquarters: Frisco, Texas
• Founding year: 1902

Keurig Dr Pepper is a famous beverage company in North America. They’ve got a massive lineup – over 125 brands they either own, license, or partner with. Plus, they’ve got some serious distribution power, meaning you’ll find their top selling sodas and drinks just about anywhere. They’re all about “Drink Well. Do Good,” which is a pretty cool mission, right?

They’re bringing in over $14 billion in revenue each year, and they’ve got 30 manufacturing sites churning out all those drinks. That’s a lot of beverages!

• Beverage Categories:

Soda, sparkling waters, teas, juices, and mixers.

• Key Brands & Products:

Dr Pepper, 7UP, Crush, Canada Dry, Sunkist, Schweppes, Hawaiian Punch, ReaLemon, A&W, Venom Energy

6. Asahi Group

• Headquarters: Sumida City, Japan
• Founding year: 1889

If you’re looking for a global name in beverages and food, Asahi Group Holdings, Ltd. is one to know. They’ve got a ton of brands, and their mission is all about delivering tasty stuff and making life more enjoyable. In the soft drink world, they’re a significant company, offering a diverse array of beverages.

Their revenue reached 2,939,422 million yen, which translates to roughly $19.70 billion.

• Their Non-Alcohol Beverage Segments Include:

Asahi Soft Drinks, Asahi Beverages America (USA), Asahi Soft Drinks Taiwa (Taiwan), Calpis.

• Key Brands & Products:

Mitsuya Cider (carbonated beverage), Calpis (lactic acid drink), Wonda (coffee drinks), Jurokucha (blended tea), Wilkinson (sparkling water), Oishiimizu (mineral water).

7. Varun Beverages

• Headquarters: Haryana, India
• Founding year: 1995

Varun Beverages Limited (VBL) is a major player in the beverage world, especially as one of PepsiCo’s largest franchisees outside the USA. Basically, they’re the ones bringing a whole lot of PepsiCo drinks and soda brands list to a huge part of the world. They handle everything from making the drinks to getting them into your hands.

They’re pretty massive, serving PepsiCo beverages to about one-sixth of the world’s population, which is just incredible. They’ve got over 3.8 million outlets and 47 manufacturing facilities spread across 14 countries.

• PepsiCo CSD brands:

Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda, Evervess.

• PepsiCo NCB brands:

Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade, Aquafina.

8. Primo Brands

Primo Brands are basically a huge deal in the North American drinks world, especially if you’re into staying hydrated and feeling good. They’ve got this massive range of water and beverages, all sourced responsibly and made right here at home, so you know you’re getting something decent. Seriously, they’re everywhere – every state, Canada, you name it. You’ve probably seen their big-name brands in tons of stores, we’re talking over 200,000 places.

And get this, Primo Brands are not just selling drinks; they’re thinking about the planet too. They’ve got these cool water exchange and refill stations, making it easy to ditch single-use bottles.

Plus, with over $6.8 billion in sales last year, it’s clear Primo Brands are doing something right. They’re not just a company; they’re a big part of how a lot of people stay refreshed.

• Key Brands & Products:

Poland Spring, Pure Life, Saratoga, Mountain Valley, Arrowhead, Deer Park, Ice Mountain, Ozarka, Zephyrhills, Primo Water, Sparkletts, Splash, AC+ION

9. Celsius Holdings

• Headquarters: Boca Raton, Florida, United States
• Founding year: 2004

Celsius Holdings, Inc. is all about bringing you “better-for-you” energy drinks. They’re the folks behind CELSIUS, a zero-sugar alternative to those traditional energy drinks. They’re really focused on promoting active lifestyles and connecting with fitness enthusiasts. Basically, they want to help you “LIVE FIT.”

They’re not just about fitness, though. They see “living fit” as a whole mindset, a lifestyle for anyone pushing their limits. Their drinks are designed to be refreshing, functional, and balanced, with a wide range of flavors and formats, from sparkling cans to on-the-go powders.

Their full-year 2024 revenue hit $1.36 billion, which shows just how much people are loving their healthier, functional drinks. Plus, their retail sales jumped by 22% year-over-year.

Product Categories:

• CELSIUS: Energy drinks designed to boost metabolism and burn fat during exercise.
• Performance Energy (CELSIUS ESSENTIALS): Enhanced performance energy drinks with added amino acids.
• Celsius On-The-Go: Powdered energy drink packets for convenient use.
• Celsius Hydration: Electrolyte-rich, caffeine-free hydration drinks.

10. National Beverage

• Headquarters: Fort Lauderdale, Florida, United States
• Founding year: 1985

National Beverage Corp. is all about refreshing America with a twist. They’ve got a unique lineup of sparkling waters, juices, energy drinks (which they call “Power+ Brands”), and even some classic carbonated soft drinks. They really pride themselves on their creative product designs, innovative packaging, and imaginative flavors. It’s safe to say they’re doing things a bit differently in the beverage world.

They’ve made a big shift towards healthier refreshments, focusing on “Better for You” options. They’re all about caring for consumer’s nutritional health, and it shows in their product development and marketing.

2024 was a banner year for them, with record sales, net income, and earnings per share. They brought in $1.2 billion in net sales, and their operating profit climbed to $218 million.

Key Brands & Products:

• Power+ Brands (active and health-conscious): LaCroix®, LaCroix Cúrate®, LaCroix NiCola® (sparkling waters), Clear Fruit® (juices), Rip It® (energy drinks), Everfresh®, Everfresh Premier Varietals™, Mr. Pure® (100% juices).

• Carbonated Soft Drinks: Shasta®, Faygo®. Recent focus: National Beverage is focused on healthier beverage options and innovative packaging.

Well, that’s it! We’ve reached the end of the list of the top 10 soft drink companies in the world 2025.  Now let’s look at some detailed insights on the list.

Last Sip of the Blog: Expert Insights

Maria Isabel Rodrigues