Soft Drinks - Nicaragua | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Soft Drinks market amounts to US$246.30m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$98.87m in 2024.
Revenue, combined amounts to US$345.20m in 2024.
The revenue, at home is expected to grow annually by 3.49% (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$34.48 are generated in 2024.
In the Soft Drinks market, volume, at home is expected to amount to 243.10m L by 2024.
Volume, out-of-home is expected to amount to 24.59m L in 2024.
Volume, combined is expected to amount to 267.70m L in 2024.
The Soft Drinks market is expected to show a volume growth, at home of -0.1% in 2025.0.
The average volume per person, at home in the Soft Drinks market is expected to amount to 34.03L 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 Nicaragua has been experiencing steady growth in recent years.

Customer preferences: Nicaraguan consumers have shown a growing preference for soft drinks, with an increasing demand for a variety of flavors and types. Carbonated soft drinks remain popular, but there is also a rising interest in healthier options such as fruit juices and herbal drinks. This shift in consumer preferences can be attributed to a greater awareness of health and wellness, as well as a desire for more natural and organic products.

Trends in the market: One of the key trends in the Soft Drinks market in Nicaragua is the increasing popularity of locally sourced and produced beverages. Nicaraguan consumers are becoming more conscious of supporting local businesses and products, and this trend is reflected in the soft drinks market. Local brands are gaining traction and are able to offer unique flavors and ingredients that cater to the preferences of the Nicaraguan consumers. This trend is also driven by the desire for authenticity and a connection to the local culture. Another trend in the market is the growing demand for ready-to-drink beverages. Convenience is an important factor for consumers, and ready-to-drink soft drinks provide a quick and easy option for on-the-go consumption. This trend is particularly prominent among younger consumers who lead busy lifestyles and value convenience.

Local special circumstances: Nicaragua's warm climate and tropical environment make it an ideal market for soft drinks. The hot weather encourages the consumption of refreshing beverages, and soft drinks serve as a popular choice for quenching thirst and providing a cooling effect. The availability of a wide range of fruits and flavors also contributes to the popularity of soft drinks in Nicaragua.

Underlying macroeconomic factors: Nicaragua has experienced steady economic growth in recent years, which has contributed to the expansion of the Soft Drinks market. As disposable incomes increase, consumers have more purchasing power and are able to spend on non-essential items such as soft drinks. Additionally, the growing tourism industry in Nicaragua has also played a role in the development of the soft drinks market. Tourists, both domestic and international, contribute to the demand for soft drinks, especially during peak travel seasons. In conclusion, the Soft Drinks market in Nicaragua is experiencing growth due to changing customer preferences, including a shift towards healthier options and a preference for locally sourced products. The market is also influenced by trends such as the demand for ready-to-drink beverages and the country's warm climate. The underlying macroeconomic factors, including economic growth and the growing tourism industry, further contribute to the development of the soft drinks market in Nicaragua.

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.