Product Code: SDTH
Soft drinks is expected to see continued off-trade volume growth in Thailand in 2024. The year has seen players anticipating the implementation of the fourth phase of the sugar tax in 2025, which will involve the imposition of an additional THB2 tax on beverages with a sugar content between 8% and 14%. Some players have been driven to re-evaluate their pricing strategies and raise prices to absorb the increased tax, while others are introducing reduced sugar or no sugar versions of their product...
Euromonitor International's Soft Drinks in Thailand report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they legislative, distribution, packaging or pricing issues. Forecasts to 2028 illustrate how the market is set to change.
Product coverage: Asian Speciality Drinks, Bottled Water, Carbonates, Concentrates, Energy Drinks, Juice, RTD Coffee, RTD Tea, Sports Drinks.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
-  Get a detailed picture of the Soft Drinks market;
-  Pinpoint growth sectors and identify factors driving change;
-  Understand the competitive environment, the market's major players and leading brands;
-  Use five-year forecasts to assess how the market is predicted to develop.
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
- Soft drinks in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- Foodservice vs retail split
- What next for soft drinks?
MARKET DATA
- Table 1 Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: Volume 2019-2024
- Table 2 Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: % Volume Growth 2019-2024
- Table 3 Off-trade vs On-trade Sales of Soft Drinks by Channel: Value 2019-2024
- Table 4 Off-trade vs On-trade Sales of Soft Drinks by Channel: % Value Growth 2019-2024
- Table 5 Off-trade vs On-trade Sales of Soft Drinks (as sold) by Category: Volume 2024
- Table 6 Off-trade vs On-trade Sales of Soft Drinks (as sold) by Category: % Volume 2024
- Table 7 Off-trade vs On-trade Sales of Soft Drinks by Category: Value 2024
- Table 8 Off-trade vs On-trade Sales of Soft Drinks by Category: % Value 2024
- Table 9 Off-trade Sales of Soft Drinks (RTD) by Category: Volume 2019-2024
- Table 10  Off-trade Sales of Soft Drinks (RTD) by Category: % Volume Growth 2019-2024
- Table 11  Off-trade Sales of Soft Drinks by Category: Value 2019-2024
- Table 12  Off-trade Sales of Soft Drinks by Category: % Value Growth 2019-2024
- Table 13  Sales of Soft Drinks by Total Fountain On-trade: Volume 2019-2024
- Table 14  Sales of Soft Drinks by Total Fountain On-trade: % Volume Growth 2019-2024
- Table 15  NBO Company Shares of Total Soft Drinks (RTD): % Volume 2020-2024
- Table 16  LBN Brand Shares of Total Soft Drinks (RTD): % Volume 2021-2024
- Table 17  NBO Company Shares of On-trade Soft Drinks (RTD): % Volume 2020-2024
- Table 18  LBN Brand Shares of On-trade Soft Drinks (RTD): % Volume 2021-2024
- Table 19  NBO Company Shares of Off-trade Soft Drinks (RTD): % Volume 2020-2024
- Table 20  LBN Brand Shares of Off-trade Soft Drinks (RTD): % Volume 2021-2024
- Table 21  NBO Company Shares of Off-trade Soft Drinks: % Value 2020-2024
- Table 22  LBN Brand Shares of Off-trade Soft Drinks: % Value 2021-2024
- Table 23  Penetration of Private Label in Off-trade Soft Drinks (RTD) by Category: % Volume 2019-2024
- Table 24  Penetration of Private Label in Off-trade Soft Drinks by Category: % Value 2019-2024
- Table 25  Distribution of Off-trade Soft Drinks (as sold) by Format: % Volume 2019-2024
- Table 26  Distribution of Off-trade Soft Drinks (as sold) by Format and Category: % Volume 2024
- Table 27  Forecast Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: Volume 2024-2029
- Table 28  Forecast Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: % Volume Growth 2024-2029
- Table 29  Forecast Off-trade vs On-trade Sales of Soft Drinks by Channel: Value 2024-2029
- Table 30  Forecast Off-trade vs On-trade Sales of Soft Drinks by Channel: % Value Growth 2024-2029
- Table 31  Forecast Off-trade Sales of Soft Drinks (RTD) by Category: Volume 2024-2029
- Table 32  Forecast Off-trade Sales of Soft Drinks (RTD) by Category: % Volume Growth 2024-2029
- Table 33  Forecast Off-trade Sales of Soft Drinks by Category: Value 2024-2029
- Table 34  Forecast Off-trade Sales of Soft Drinks by Category: % Value Growth 2024-2029
- Table 35  Forecast Sales of Soft Drinks by Total Fountain On-trade: Volume 2024-2029
- Table 36  Forecast Sales of Soft Drinks by Total Fountain On-trade: % Volume Growth 2024-2029
APPENDIX
- Fountain sales in Thailand
Trends
DISCLAIMER
SOURCES
- Summary 1 Research Sources
CARBONATES IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Implications of fourth phase of sugar tax for market competition in carbonates
- WHO warning on non-sugar sweeteners poses new challenges for carbonates
- Carbonates category continually boosted by rebranding and celebrity endorsements
PROSPECTS AND OPPORTUNITIES
- Cola brands innovate with new flavours and no sugar options to revitalise market
- Lemonade/lime to expand as brands shift focus from vitamin C to no sugar options
- Smaller cans for higher margins while promoting standard sizes to maintain sales
CATEGORY DATA
- Table 37 Off-trade vs On-trade Sales of Carbonates: Volume 2019-2024
- Table 38 Off-trade vs On-trade Sales of Carbonates: Value 2019-2024
- Table 39 Off-trade vs On-trade Sales of Carbonates: % Volume Growth 2019-2024
- Table 40 Off-trade vs On-trade Sales of Carbonates: % Value Growth 2019-2024
- Table 41 Off-trade Sales of Carbonates by Category: Volume 2019-2024
- Table 42 Off-trade Sales of Carbonates by Category: Value 2019-2024
- Table 43 Off-trade Sales of Carbonates by Category: % Volume Growth 2019-2024
- Table 44 Off-trade Sales of Carbonates by Category: % Value Growth 2019-2024
- Table 45 Total Sales of Carbonates by Fountain On-trade: Volume 2019-2024
- Table 46  Total Sales of Carbonates by Fountain On-trade: % Volume Growth 2019-2024
- Table 47  NBO Company Shares of Off-trade Carbonates: % Volume 2020-2024
- Table 48  LBN Brand Shares of Off-trade Carbonates: % Volume 2021-2024
- Table 49  NBO Company Shares of Off-trade Carbonates: % Value 2020-2024
- Table 50  LBN Brand Shares of Off-trade Carbonates: % Value 2021-2024
- Table 51  Forecast Off-trade Sales of Carbonates by Category: Volume 2024-2029
- Table 52  Forecast Off-trade Sales of Carbonates by Category: Value 2024-2029
- Table 53  Forecast Off-trade Sales of Carbonates by Category: % Volume Growth 2024-2029
- Table 54  Forecast Off-trade Sales of Carbonates by Category: % Value Growth 2024-2029
- Table 55  Forecast Total Sales of Carbonates by Fountain On-trade: Volume 2024-2029
- Table 56  Forecast Total Sales of Carbonates by Fountain On-trade: % Volume Growth 2024-2029
JUICE IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Sugar tax raises prices, shifting demand to lower-sugar juice
- Functional juices need innovation and credibility to stimulate demand
- Coconut water boosts market, while local freshness challenges larger brands
PROSPECTS AND OPPORTUNITIES
- New 100% juice flavours tackle challenges of premium pricing and innovation
- Malee leads premium juice segment with innovation and consumer focus
- Tipco Chewy stimulates juice category, sparking new competition and opportunities
CATEGORY DATA
- Table 57 Off-trade Sales of Juice by Category: Volume 2019-2024
- Table 58 Off-trade Sales of Juice by Category: Value 2019-2024
- Table 59 Off-trade Sales of Juice by Category: % Volume Growth 2019-2024
- Table 60 Off-trade Sales of Juice by Category: % Value Growth 2019-2024
- Table 61 NBO Company Shares of Off-trade Juice: % Volume 2020-2024
- Table 62 LBN Brand Shares of Off-trade Juice: % Volume 2021-2024
- Table 63 NBO Company Shares of Off-trade Juice: % Value 2020-2024
- Table 64 LBN Brand Shares of Off-trade Juice: % Value 2021-2024
- Table 65 Forecast Off-trade Sales of Juice by Category: Volume 2024-2029
- Table 66  Forecast Off-trade Sales of Juice by Category: Value 2024-2029
- Table 67  Forecast Off-trade Sales of Juice by Category: % Volume Growth 2024-2029
- Table 68  Forecast Off-trade Sales of Juice by Category: % Value Growth 2024-2029
BOTTLED WATER IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Bottled water category grows post-COVID-19 but faces saturation and concerns about plastic waste
- Vitamin water slows as new beverage trends emerge and challenge growth
- Health consciousness shifts demand from bottled water to water purifiers
PROSPECTS AND OPPORTUNITIES
- Bottled water brands apply innovative labels and pricing to attract consumers
- New local herb-infused drink offers opportunity in functional segment
- Natural mineral water to grow with unique branding and new entrants
CATEGORY DATA
- Table 69 Off-trade Sales of Bottled Water by Category: Volume 2019-2024
- Table 70 Off-trade Sales of Bottled Water by Category: Value 2019-2024
- Table 71 Off-trade Sales of Bottled Water by Category: % Volume Growth 2019-2024
- Table 72 Off-trade Sales of Bottled Water by Category: % Value Growth 2019-2024
- Table 73 NBO Company Shares of Off-trade Bottled Water: % Volume 2020-2024
- Table 74 LBN Brand Shares of Off-trade Bottled Water: % Volume 2021-2024
- Table 75 NBO Company Shares of Off-trade Bottled Water: % Value 2020-2024
- Table 76 LBN Brand Shares of Off-trade Bottled Water: % Value 2021-2024
- Table 77 Forecast Off-trade Sales of Bottled Water by Category: Volume 2024-2029
- Table 78  Forecast Off-trade Sales of Bottled Water by Category: Value 2024-2029
- Table 79  Forecast Off-trade Sales of Bottled Water by Category: % Volume Growth 2024-2029
- Table 80  Forecast Off-trade Sales of Bottled Water by Category: % Value Growth 2024-2029
SPORTS DRINKS IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Sugar tax drives shift to reduced sugar sports drinks as prices rise
- Sports drinks category stagnates in terms of innovation creating room for innovation
- Rising prices in sports drinks create opportunity for affordable, high-quality alternatives
PROSPECTS AND OPPORTUNITIES
- Yanhee launches no sugar sports drink to challenge Sponsor's market dominance
- Sponsor shifts focus to global markets, opening opportunities for Thai competitors
- Gatorade's entry into reduced sugar products marks key opening move for global brand
CATEGORY DATA
- Table 81 Off-trade Sales of Sports Drinks: Volume 2019-2024
- Table 82 Off-trade Sales of Sports Drinks: Value 2019-2024
- Table 83 Off-trade Sales of Sports Drinks: % Volume Growth 2019-2024
- Table 84 Off-trade Sales of Sports Drinks: % Value Growth 2019-2024
- Table 85 NBO Company Shares of Off-trade Sports Drinks: % Volume 2020-2024
- Table 86 LBN Brand Shares of Off-trade Sports Drinks: % Volume 2021-2024
- Table 87 NBO Company Shares of Off-trade Sports Drinks: % Value 2020-2024
- Table 88 LBN Brand Shares of Off-trade Sports Drinks: % Value 2021-2024
- Table 89 Forecast Off-trade Sales of Sports Drinks: Volume 2024-2029
- Table 90  Forecast Off-trade Sales of Sports Drinks: Value 2024-2029
- Table 91  Forecast Off-trade Sales of Sports Drinks: % Volume Growth 2024-2029
- Table 92  Forecast Off-trade Sales of Sports Drinks: % Value Growth 2024-2029
ENERGY DRINKS IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Energy drinks rebranded to overcome image challenges and expand market
- Phase four of sugar tax drives innovation and pricing strategies in energy drinks
- Metal cans and new PET formats drive packaging innovation
PROSPECTS AND OPPORTUNITIES
- Osotspa's new M-150 Sparkling intensifies competition in energy drinks
- Suntory PepsiCo's Sting hits energy drinks with lifestyle focused strategy
- Ready boosts premium segment with new flavours and health benefits
CATEGORY DATA
- Table 93 Off-trade Sales of Energy Drinks: Volume 2019-2024
- Table 94 Off-trade Sales of Energy Drinks: Value 2019-2024
- Table 95 Off-trade Sales of Energy Drinks: % Volume Growth 2019-2024
- Table 96 Off-trade Sales of Energy Drinks: % Value Growth 2019-2024
- Table 97 NBO Company Shares of Off-trade Energy Drinks: % Volume 2020-2024
- Table 98 LBN Brand Shares of Off-trade Energy Drinks: % Volume 2021-2024
- Table 99 NBO Company Shares of Off-trade Energy Drinks: % Value 2020-2024
- Table 100 LBN Brand Shares of Off-trade Energy Drinks: % Value 2021-2024
- Table 101 Forecast Off-trade Sales of Energy Drinks: Volume 2024-2029
- Table 102  Forecast Off-trade Sales of Energy Drinks: Value 2024-2029
- Table 103  Forecast Off-trade Sales of Energy Drinks: % Volume Growth 2024-2029
- Table 104  Forecast Off-trade Sales of Energy Drinks: % Value Growth 2024-2029
CONCENTRATES IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Sugar tax and rising costs drive up concentrates prices
- Hale's Blue Boy raises prices but maintains market lead
- Concentrates sales peak in summer with increased demand for refreshing beverages
PROSPECTS AND OPPORTUNITIES
- Hello Boy disrupts market with trendy ambassadors and new packaging
- Coffee concentrates emerging in liquid subcategory
- Packaging innovation drives competition in concentrates
CATEGORY DATA
- Concentrates Conversions
- Summary 2       Concentrates Conversion Factors for Ready-to-Drink (RTD) Format
- Table 105 Off-trade Sales of Concentrates (RTD) by Category: Volume 2019-2024
- Table 106 Off-trade Sales of Concentrates (RTD) by Category: % Volume Growth 2019-2024
- Table 107 Off-trade Sales of Concentrates by Category: Value 2019-2024
- Table 108 Off-trade Sales of Concentrates by Category: % Value Growth 2019-2024
- Table 109 LBN Brand Shares of Off-trade Concentrates (RTD): % Volume 2021-2024
- Table 110 NBO Company Shares of Off-trade Concentrates: % Value 2020-2024
- Table 111 LBN Brand Shares of Off-trade Concentrates: % Value 2021-2024
- Table 112 NBO Company Shares of Off-trade Liquid Concentrates (RTD): % Volume 2020-2024
- Table 113 LBN Brand Shares of Off-trade Liquid Concentrates (RTD): % Volume 2021-2024
- Table 114  NBO Company Shares of Off-trade Powder Concentrates (RTD): % Volume 2020-2024
- Table 115  LBN Brand Shares of Off-trade Powder Concentrates (RTD): % Volume 2021-2024
- Table 116  Forecast Off-trade Sales of Concentrates (RTD) by Category: Volume 2024-2029
- Table 117  Forecast Off-trade Sales of Concentrates (RTD) by Category: % Volume Growth 2024-2029
- Table 118  Forecast Off-trade Sales of Concentrates by Category: Value 2024-2029
- Table 119  Forecast Off-trade Sales of Concentrates by Category: % Value Growth 2024-2029
RTD TEA IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Phase four of the sugar tax to impact RTD teas from 2025
- Smaller brands drive innovation in RTD tea category
- Herbal RTD tea market expands with new entrants
PROSPECTS AND OPPORTUNITIES
- Oishi Group faces increasing competition in RTD tea category
- Ichitan diversifies beyond RTD tea, introducing new beverages to capture broader market
- Boon Rawd Brewery Co Ltd expands Haru Cold Brew with health focus, driving premium segment
CATEGORY DATA
- Table 120 Off-trade Sales of RTD Tea by Category: Volume 2019-2024
- Table 121 Off-trade Sales of RTD Tea by Category: Value 2019-2024
- Table 122 Off-trade Sales of RTD Tea by Category: % Volume Growth 2019-2024
- Table 123 Off-trade Sales of RTD Tea by Category: % Value Growth 2019-2024
- Table 124 Leading Flavours for Off-trade RTD Tea: % Volume 2019-2024
- Table 125 NBO Company Shares of Off-trade RTD Tea: % Volume 2020-2024
- Table 126 LBN Brand Shares of Off-trade RTD Tea: % Volume 2021-2024
- Table 127 NBO Company Shares of Off-trade RTD Tea: % Value 2020-2024
- Table 128 LBN Brand Shares of Off-trade RTD Tea: % Value 2021-2024
- Table 129  Forecast Off-trade Sales of RTD Tea by Category: Volume 2024-2029
- Table 130  Forecast Off-trade Sales of RTD Tea by Category: Value 2024-2029
- Table 131  Forecast Off-trade Sales of RTD Tea by Category: % Volume Growth 2024-2029
- Table 132  Forecast Off-trade Sales of RTD Tea by Category: % Value Growth 2024-2029
RTD COFFEE IN THAILAND
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Phase four of sugar tax adds to pressure on RTD coffee, driving innovation and higher prices
- Nescafe launches campaign with new products and sustainability focus
- Premium RTD coffee grows with innovations and increased consumer preference
PROSPECTS AND OPPORTUNITIES
- Amazon Cafe's RTD coffee launch may set new market benchmark
- Black coffee trend stabilises with honey lemon introduced as a new star
- Vending machines challenge RTD coffee, requiring strong value communication
CATEGORY DATA
- Table 133 Off-trade Sales of RTD Coffee: Volume 2019-2024
- Table 134 Off-trade Sales of RTD Coffee: Value 2019-2024
- Table 135 Off-trade Sales of RTD Coffee: % Volume Growth 2019-2024
- Table 136 Off-trade Sales of RTD Coffee: % Value Growth 2019-2024
- Table 137 NBO Company Shares of Off-trade RTD Coffee: % Volume 2020-2024
- Table 138 LBN Brand Shares of Off-trade RTD Coffee: % Volume 2021-2024
- Table 139 NBO Company Shares of Off-trade RTD Coffee: % Value 2020-2024
- Table 140 LBN Brand Shares of Off-trade RTD Coffee: % Value 2021-2024
- Table 141 Forecast Off-trade Sales of RTD Coffee: Volume 2024-2029
- Table 142  Forecast Off-trade Sales of RTD Coffee: Value 2024-2029
- Table 143  Forecast Off-trade Sales of RTD Coffee: % Volume Growth 2024-2029
- Table 144  Forecast Off-trade Sales of RTD Coffee: % Value Growth 2024-2029