Non-Alcoholic Drinks - Sri Lanka | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Non-Alcoholic Drinks market amounts to US$2.35bn in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$388.50m in 2024.
Revenue, combined amounts to US$2.74bn in 2024.
The revenue, at home is expected to grow annually by 12.83% (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$107.10 are generated in 2024.
In the Non-Alcoholic Drinks market, volume, at home is expected to amount to 2.74bn L by 2024.
Volume, out-of-home is expected to amount to 159.60m L in 2024.
Volume, combined is expected to amount to 2.90bn L in 2024.
The Non-Alcoholic Drinks market is expected to show a volume growth, at home of 0.6% in 2025.0.
The average volume per person, at home in the Non-Alcoholic Drinks market is expected to amount to 124.90L 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 Sri Lanka is experiencing significant growth due to changing customer preferences and local special circumstances.

Customer preferences: In Sri Lanka, there is a growing demand for healthier beverage options. Consumers are increasingly conscious about their health and are looking for non-alcoholic drinks that are low in sugar, natural, and free from artificial additives. This has led to a surge in the consumption of herbal teas, fruit juices, and flavored water. Additionally, there is a rising trend of functional beverages that offer specific health benefits, such as energy drinks and probiotic drinks.

Trends in the market: One of the key trends in the Non-Alcoholic Drinks market in Sri Lanka is the increasing popularity of local and traditional beverages. Sri Lanka is known for its rich tea culture, and traditional teas like Ceylon tea and herbal teas are highly sought after by both locals and tourists. Similarly, traditional fruit juices made from local fruits like king coconut and wood apple are gaining popularity for their unique flavors and health benefits. Another trend is the growing demand for ready-to-drink beverages, as consumers seek convenience in their busy lifestyles. This has led to the introduction of innovative packaging formats and flavors in the market.

Local special circumstances: Sri Lanka's tropical climate and abundance of natural resources make it an ideal location for the production of non-alcoholic beverages. The country is known for its high-quality tea plantations, which contribute to the production of premium teas that are in high demand globally. Additionally, Sri Lanka is rich in fruits and herbs, which are used to create unique and flavorful beverages. The local culture and traditions also play a significant role in shaping the non-alcoholic drinks market, as Sri Lankans have a strong affinity for their traditional beverages and flavors.

Underlying macroeconomic factors: The growing Non-Alcoholic Drinks market in Sri Lanka can also be attributed to several underlying macroeconomic factors. The country's improving economy and rising disposable income levels have increased consumer spending power, allowing individuals to afford premium and healthier beverage options. Furthermore, the tourism industry in Sri Lanka has been experiencing steady growth, attracting a large number of international visitors who are interested in exploring the local culture and trying traditional beverages. This has created a demand for non-alcoholic drinks that cater to the preferences of both locals and tourists. In conclusion, the Non-Alcoholic Drinks market in Sri Lanka is witnessing growth due to changing customer preferences towards healthier options, the popularity of local and traditional beverages, local special circumstances such as the country's tropical climate and rich resources, and underlying macroeconomic factors such as improving economy and growing tourism industry.

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.