Soft Drinks - Chad | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Soft Drinks market amounts to US$395.10m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$27.37m in 2024.
Revenue, combined amounts to US$422.50m in 2024.
The revenue, at home is expected to grow annually by 4.33% (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$20.97 are generated in 2024.
In the Soft Drinks market, volume, at home is expected to amount to 292.10m L by 2024.
Volume, out-of-home is expected to amount to 4.63m L in 2024.
Volume, combined is expected to amount to 296.70m L in 2024.
The Soft Drinks market is expected to show a volume growth, at home of 2.2% in 2025.0.
The average volume per person, at home in the Soft Drinks market is expected to amount to 15.50L 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.

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

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

The Soft Drinks market in Chad has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Chad have shifted towards healthier beverage options, leading to an increased demand for low-sugar and natural soft drinks. Consumers are becoming more health-conscious and are actively seeking out products that are perceived as better for their overall well-being. This shift in preferences has prompted soft drink manufacturers to introduce new product lines that cater to these changing consumer demands. Trends in the market also play a crucial role in the development of the Soft Drinks market in Chad. One notable trend is the rising popularity of flavored and functional soft drinks. Consumers are increasingly looking for soft drinks that offer unique flavors and additional health benefits. Manufacturers have responded to this trend by introducing a wide variety of flavored soft drinks that cater to different taste preferences. Additionally, functional soft drinks that claim to provide specific health benefits, such as energy-boosting or immune-boosting properties, have gained popularity among consumers. Local special circumstances in Chad have also contributed to the growth of the Soft Drinks market. The country's hot climate and high temperatures create a favorable environment for the consumption of cold beverages, including soft drinks. The availability and accessibility of soft drinks in Chad have also improved in recent years, with a wider range of products being made available in both urban and rural areas. This has further fueled the demand for soft drinks among the population. Underlying macroeconomic factors have also played a role in the development of the Soft Drinks market in Chad. The country's increasing population, urbanization, and rising disposable incomes have contributed to the growth of the market. As more people move to urban areas and their purchasing power increases, the demand for soft drinks has also grown. Additionally, the expansion of modern retail channels, such as supermarkets and convenience stores, has made soft drinks more accessible to a larger consumer base. In conclusion, the Soft Drinks market in Chad is developing in response to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. As consumers in Chad increasingly prioritize healthier beverage options, manufacturers are introducing new product lines to cater to these preferences. Flavored and functional soft drinks have also gained popularity, and the country's hot climate and improved availability have further fueled the demand for soft drinks. The increasing population, urbanization, and rising incomes in Chad have also contributed to 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.