Prior to the COVID-19 pandemic, rising incomes, rapid urbanisation and a growing population that includes a high proportion of young people boded well for soft drinks in Bangladesh. Other factors conducive to soft drinks consumption included rising domestic production, the hot climate and inadequate access to safe drinking water. Soft...
Consumption of soft drinks continues to steadily grow in Ethiopia even though the country has faced major setbacks in terms of political stability and COVID-19. Urbanisation and population growth are the leading contributors to the increase in the consumption of soft drinks. Bottled water and carbonates are the leading categories in retail...
The soft drinks market rebounded in 2021 after contracting in the previous year as COVID-19 restrictions began to ease. Consumption at home remained strong while the market benefited from the reopening of foodservice outlets despite a dip in disposable incomes stimulated by the pandemic. Carbonates and bottled water remain the most popular...
China’s demand for Soft Drinks has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
Soft drinks will continue to be impacted by both the sugar tax and the COVID-19 pandemic in 2021. Likewise, consumers are expected to switch to healthier and more natural options, such as juice and bottled water, as consumers become more conscious of health and wellbeing especially since the outbreak of COVID-19. Soft Drinks in Sri...
Although Laos remains a poor country overall, prior to the COVID-19 pandemic, urbanisation, strong economic growth and rising incomes were supporting sales of soft drinks, including more expensive options such as sports drinks. In response to the pandemic, most categories have seen slowed or volume decline. However, the health and wellness...
Oman’s soft drinks industry struggled in 2020 and 2021 as COVID-19 and steep taxes on sugary beverages undermined demand. The departure of many expatriates as employment opportunities for foreigners narrowed due to the Omanisation programme and the COVID-19 pandemic significantly reduced the consumer base, while huge price rises due to tax...
Kuwait’s hot climate, fast pace of life and unpotable drinking water present strong opportunities for soft drink sales. However, rising concern over the country’s obesity and diabetes epidemic and the imminent imposition of a 50% excise tax on sugary drinks have strained demand in various categories, notably carbonates and juice drinks. Demand...
Off-trade volume sales of soft drinks in Côte d’Ivoire are dominated by bottled water and carbonates, with the rate of growth slowing significantly in 2020 due to the economic shock of the pandemic and recovering only partially in 2021. During 2020, bottled water overtook carbonates, as the former was regarded as more of an essential purchase...
All product areas responded negatively to the COVID-19 pandemic in 2020, with some witnessing volume decline while others witnessed a slowdown. The main reason for this was due to the financial repercussions of the pandemic, which meant disposable incomes declined and consumers were forced to economise. As a result, consumers prioritised more...