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Soft Drinks - Bolivia

Bolivia
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Soft Drinks market amounts to US$880.80m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$325.60m in 2024.
  • Revenue, combined amounts to US$1.21bn in 2024.
  • The revenue, at home is expected to grow annually by 5.01% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated United States (US$114bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$70.09 are generated in 2024.
  • In the Soft Drinks market, volume, at home is expected to amount to 669.60m L by 2024.
  • Volume, out-of-home is expected to amount to 70.06m L in 2024.
  • Volume, combined is expected to amount to 739.60m L in 2024.
  • The Soft Drinks market is expected to show a volume growth, at home of 1.9% in 2025.0.
  • The average volume per person, at home in the Soft Drinks market is expected to amount to 53.28L in 2024.

Definition:

The market Soft Drinks covers varieties of prepared water-based beverages to which flavoring additives (sugar or sweeteners, aromas etc.) have been added. These include cola drinks and lemonades, but also energy drinks, fruit nectars and soft drinks with fruit juice content, as well as value-added or flavored water. Coffee and tea-based drinks are not included.

Structure:

The Soft Drinks market is structured into 3 markets:

  • Carbonated Soft Drinks denote all artificially sweetened and carbonated Non-Alcoholic Drinks.
  • Non-Carbonated Soft Drinks contain non-alcoholic liquid refreshment beverages that are not artificially carbonated.
  • Energy & Sports Drinks include energy drinks and sports drinks, providing functional benefits such as mental and physical stimulation.

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, Suntory, Red Bull, and Keurig Dr Pepper.

In-Scope

  • Carbonated Soft Drinks (Cola, Lemonade etc.)
  • Non-Carbonated Soft Drinks (nectars, value-added or flavoured water etc.)
  • Energy & Sports Drinks

Out-Of-Scope

  • Hot Drinks
  • Powdered drink mixes and syrups (e.g. Post-Mix Drinks)
Soft Drinks: market data & analysis - Cover

Market Insights report

Soft Drinks: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Soft Drinks market in Bolivia has been experiencing significant growth in recent years.

    Customer preferences:
    Bolivian consumers have shown a growing preference for soft drinks, with a particular emphasis on healthier options. This shift in consumer preferences can be attributed to increasing health consciousness and a desire for more natural and nutritious beverages. As a result, there has been a surge in demand for low-sugar and zero-calorie soft drinks, as well as those made with natural ingredients.

    Trends in the market:
    One of the key trends in the Bolivian soft drinks market is the rise of functional beverages. These are drinks that offer additional health benefits beyond hydration, such as improved digestion or increased energy. Functional beverages have gained popularity among health-conscious consumers who are looking for more than just a refreshing drink. This trend is in line with the global shift towards healthier beverage options and is expected to continue driving growth in the market. Another trend in the market is the increasing popularity of premium and craft soft drinks. Bolivian consumers are becoming more willing to spend extra money on high-quality, artisanal soft drinks that offer unique flavors and experiences. This trend can be attributed to changing consumer tastes and a desire for more sophisticated and indulgent beverage options. As a result, we have seen a rise in the number of local soft drink brands that focus on producing premium and craft products.

    Local special circumstances:
    Bolivia's unique cultural and geographical characteristics have also contributed to the development of the soft drinks market. The country has a rich tradition of using natural ingredients in beverages, such as coca leaves and tropical fruits. This has led to the emergence of local soft drink brands that capitalize on these traditional flavors and ingredients, catering to the preferences of Bolivian consumers. Additionally, Bolivia's diverse climate and landscape provide ideal conditions for the cultivation of fruits and plants used in soft drink production, further supporting the growth of the market.

    Underlying macroeconomic factors:
    The growing soft drinks market in Bolivia can also be attributed to favorable macroeconomic factors. Bolivia has experienced steady economic growth in recent years, resulting in an expanding middle class with higher disposable incomes. As a result, consumers have more purchasing power and are able to afford a wider range of products, including soft drinks. Furthermore, the government's efforts to attract foreign investment and promote business development have created a more favorable business environment, encouraging the entry of both domestic and international soft drink brands into the market. In conclusion, the Soft Drinks market in Bolivia is experiencing significant growth due to changing customer preferences towards healthier and more premium options. The rise of functional beverages and the increasing popularity of premium and craft soft drinks are driving this growth. Bolivia's unique cultural and geographical characteristics, as well as favorable macroeconomic factors, have also contributed to the development of the market.

    Methodology

    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.

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    Soft Drinks: market data & analysis - BackgroundSoft Drinks: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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