The soft drink industry is a $200 billion business, which makes it one of the most profitable industries in the world. According to Statista, there are more than 50 billion servings of soda consumed per day around the world.
Soft drinks are cheap to produce and easy to sell because they can be purchased at any time and anywhere. Many people buy them on impulse while they’re shopping or watching TV at home. It has been observed that the consumption of soft drinks has increased significantly over the years especially among teenagers and young adults who spend most of their time watching television or playing video games.
The soft drink industry has been growing steadily over the past few years and shows no signs of slowing down. Soda sales have dropped slightly since their peak in late 1990s and early 2000s but still remain quite high compared to other types of beverages such as water, coffee or tea.
The main reason why people prefer drinking soft drinks over water is because they contain high levels of sugar which makes them more appealing than water and also because they tend to taste better than plain water.