Soft Drinks - Dominican Republic | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Soft Drinks market amounts to US$596.20m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$408.30m in 2024.
Revenue, combined amounts to US$1.00bn in 2024.
The revenue, at home is expected to grow annually by 4.44% (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$52.14 are generated in 2024.
In the Soft Drinks market, volume, at home is expected to amount to 566.10m L by 2024.
Volume, out-of-home is expected to amount to 114.40m L in 2024.
Volume, combined is expected to amount to 680.50m L in 2024.
The Soft Drinks market is expected to show a volume growth, at home of 1.3% in 2025.0.
The average volume per person, at home in the Soft Drinks market is expected to amount to 49.51L 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 Dominican Republic has been experiencing significant growth in recent years.

Customer preferences: Dominican consumers have shown a growing preference for soft drinks as a refreshing beverage option. The hot and tropical climate of the country makes soft drinks a popular choice for quenching thirst and providing relief from the heat. Additionally, the younger population in Dominican Republic has a strong affinity for soft drinks, with carbonated beverages being particularly popular among this demographic.

Trends in the market: One of the key trends in the Soft Drinks market in Dominican Republic is the increasing demand for healthier and natural options. As consumers become more health-conscious, there has been a shift towards low-sugar and natural ingredient-based soft drinks. This trend is driven by the growing awareness of the negative health effects of excessive sugar consumption and the desire for healthier lifestyle choices. Another trend in the market is the rising popularity of flavored and functional soft drinks. Consumers are seeking new and unique flavors, as well as beverages with added health benefits such as vitamins, minerals, and antioxidants. This trend is driven by the desire for variety and the perception that functional beverages can contribute to overall well-being.

Local special circumstances: The tourism industry plays a significant role in the Soft Drinks market in Dominican Republic. As one of the most popular tourist destinations in the Caribbean, the country attracts a large number of international visitors who contribute to the demand for soft drinks. The presence of all-inclusive resorts and beachside bars also drives the consumption of soft drinks among tourists.

Underlying macroeconomic factors: The overall economic growth and stability of Dominican Republic have also contributed to the development of the Soft Drinks market. As the country's economy continues to grow, disposable incomes are increasing, allowing consumers to spend more on non-essential items such as soft drinks. Additionally, the urbanization and modernization of the country have led to changes in lifestyle and consumption patterns, with soft drinks becoming a staple in many households. In conclusion, the Soft Drinks market in Dominican Republic is experiencing growth due to customer preferences for refreshing beverages, the demand for healthier and natural options, and the popularity of flavored and functional soft drinks. The tourism industry and the country's economic growth also play a significant role in driving 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.