By Christina Cheddar Berk, News Editor NEW YORK ( CNBC) --Soda sales have been declining for the past seven years, but the pace of the decline quickened in 2011 despite growth in the overall beverage market. Americans continue to guzzle more bottled water, ready-to-drink tea and coffee, sports drinks and energy drinks, rather than sip on soda and fruit juices, according to beverage statistics released Tuesday. The U.S. beverage market grew by 0.9% in 2011, according to preliminary data from Beverage Marketing, a research, consulting, and financial-services firm that tracks the beverage industry. Although this marked the second year of growth for the beverage industry, after two consecutive declines in 2008 and 2009, the pace of growth slowed from 2010.
| More from CNBC Donald Trump...The Fragrance |
Krispy Kreme Moves Into Coffee as Others Move on
'Now Is the Time' to Retire: McDonald's CEO