Sales of soft drinks were negatively impacted by the COVID-19 pandemic in both off-trade and on-trade volume terms. On-trade volume saw a sharp double-digit decline in 2020, due to the closure of foodservice outlets, college and university canteens and recreational areas. Sales benefited to an extent from increased domestic consumption in...
The Azerbaijani government moved to shorten foodservice opening hours on 22 March, before closing all foodservice outlets altogether on 29 March. Some outlets were permitted to reopen on 4 May, but these did not include those in the country’s biggest cities, Baku, Ganja, Sumgayit and Lankaran, where the rates of COVID-19 infection were still...
Soft drinks sales in the Dominican Republic has been significantly affected by the COVID-19 in 2020, although there has been variation by product type. Broadly speaking, the greatest impact has been a result of the government’s closure of hotels and restaurants, coffee shops and specialist coffee stores at the beginning of the pandemic. Soft...
Overall, soft drinks is expected to largely benefit from the COVID-19 pandemic as most product areas will see both current value and volume sales drastically improved compared to 2019. Due to lockdown and then the ongoing restrictions, consumers have spent more time at home during 2020 then they usually would. This has therefore led to increased...
Major companies in the soft drinks and ice market include Nestle; Pepsi; Coca-Cola; Anheuser-Busch InBev and Danone. The global soft drink and ice market is expected to grow from $238.18 billion in 2020 to $266.92 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth is mainly due to the companies rearranging...
The retail of soft drinks in the UK has been positively impacted by the emergence of COVID-19 due to a significant channel shift from the on-trade to the off-trade space. This is explained by the prolonged lockdown starting in March 2020 which severely impacted the hospitality industry and resulted in many horeca outlets struggling to stay...
COVID-19 has had a largely positive impact on the off-trade channel for soft drinks in Israel in 2020, as lockdown has led to increased home consumption. Many categories benefitted from stockpiling and bulk buying at the start of the pandemic. A lot of the manufacturers in soft drinks are large global companies with good distribution, therefore...
The COVID-19 pandemic struck Tunisia at a rather inopportune moment. The country was already experiencing a mini-economic crisis, with the consistent depreciation of the Tunisian dinar over a period of months resulting in rampant price inflation and financial hardship for many households. Soft Drinks in Tunisia report offers a comprehensive...
This report analyses the market for soft drinks in Myanmar for the purposes of the study, the market has been defined as follows: Soft Drinks in Myanmar report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2016-2020), allowing you to identify the sectors...
As a result of the COVID-19 pandemic, in the early months of 2020 Bulgarians were ensconced in their homes and horeca outlets were closed, significantly influencing demand for soft drinks. Subsequently, as restrictions are being eased, consumers nevertheless are continuing to limit the time they spend outside their homes and in many instances...