Non-Alcoholic Drinks - Central America

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Non-Alcoholic Drinks market amounts to US$10.67bn in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$2.33bn in 2024.
Revenue, combined amounts to US$13.00bn in 2024.
The revenue, at home is expected to grow annually by 4.21% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated United States (US$216bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$202.00 are generated in 2024.
In the Non-Alcoholic Drinks market, volume, at home is expected to amount to 6.73bn L by 2024.
Volume, out-of-home is expected to amount to 516.40m L in 2024.
Volume, combined is expected to amount to 7.25bn L in 2024.
The Non-Alcoholic Drinks market is expected to show a volume growth, at home of 0.9% in 2025.0.
The average volume per person, at home in the Non-Alcoholic Drinks market is expected to amount to 127.30L in 2024.

Definition:

The Non-Alcoholic Drinks market includes all beverages without alcohol. The beverages combined in this market are also often called liquid refreshment beverages (LRB). Not included are Hot Drinks, powdered drink mixes, and syrups.

Structure:

The Non-Alcoholic Drinks market consists of 4 markets:

Bottled Water includes carbonated and non-carbonated water which is sold in bottles or via water dispensers.
Soft Drinks covers water-based Non-Alcoholic Drinks, this market consists of Carbonated Soft Drinks, Non-Carbonated Soft Drinks, and Energy & Sports Drinks.
The Juices market consists of all types of bottled fruit and vegetable juices which contain 100% fruit and/or vegetable juice. The juices market is divided into Orange Juice, Apple Juice, Grapefruit Juice, Pineapple Juice, Grape Juice, and Other Juice, Juice Mixtures & Smoothies.
The Ready-to-Drink (RTD) Coffee & Tea market includes packaged coffee and tea beverages in liquid form, ready for consumption. This market is further split into Ready-to-Drink (RTD) Coffee and Ready-to-Drink (RTD) Tea.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Key players include The Coca-Cola Company, PepsiCo, Red Bull, Danone, and Keurig Dr Pepper.

Mineral Water
Soft Drinks
Fruit and vegetable juice

Hot Drinks
Powdered drink mixes and syrups (e.g. Post-Mix Drinks)

The Non-Alcoholic Drinks market in Central America has been experiencing significant growth in recent years. Customer preferences in Central America have been shifting towards healthier beverage options, which has contributed to the growth of the Non-Alcoholic Drinks market. Consumers are becoming more health-conscious and are seeking alternatives to sugary carbonated drinks. This has led to an increased demand for natural and organic beverages, such as fruit juices, herbal teas, and coconut water. Additionally, the rising popularity of functional beverages, such as energy drinks and sports drinks, has also contributed to the growth of the market. One of the key trends in the Non-Alcoholic Drinks market in Central America is the increasing consumption of bottled water. With concerns about water quality and safety, consumers are opting for bottled water as a safer and more convenient alternative. This trend is particularly prominent in urban areas, where access to clean drinking water may be limited. As a result, the bottled water segment has witnessed significant growth in the region. Another trend in the market is the growing popularity of ready-to-drink (RTD) beverages. RTD beverages offer convenience and are often consumed on-the-go. This trend is driven by the busy lifestyles of consumers in Central America, who are looking for convenient and portable beverage options. The RTD segment includes products such as iced tea, coffee, and flavored water, which have gained popularity among consumers. Local special circumstances in Central America also play a role in the development of the Non-Alcoholic Drinks market. The region is known for its rich agricultural resources, including tropical fruits and coffee. This has led to the production of a wide variety of fruit juices and coffee-based beverages, which are popular among consumers in Central America. Additionally, the region's proximity to North America has made it a key market for international beverage companies looking to expand their presence in the region. Underlying macroeconomic factors, such as population growth and increasing disposable incomes, have also contributed to the growth of the Non-Alcoholic Drinks market in Central America. The region has a young and growing population, which has resulted in a larger consumer base for beverage companies. Additionally, rising incomes have led to an increase in purchasing power, allowing consumers to spend more on beverages. In conclusion, the Non-Alcoholic Drinks market in Central America is experiencing growth due to changing customer preferences, including a shift towards healthier options and convenience. Local special circumstances, such as the availability of agricultural resources and proximity to North America, also contribute to the development of the market. Underlying macroeconomic factors, such as population growth and increasing disposable incomes, further support the growth of the market.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The non-alcoholic beverages industry encompasses liquid refreshment beverages (LRB) such as bottled water, carbonated soft drinks, energy drinks, fruit beverages, ready-to-drink coffee and tea, sports beverages and value-added water. Globally, bottled water is the leading liquid refreshment beverage category, registering more than 76 billion cases in volume sales. Carbonated soft drinks followed in second with a sales volume exceeding 36 billion cases.