Product Code: SDIN
Soft drinks in India is set to maintain double-digit volume and current value growth both off-trade and on-trade in 2024, with increases anticipated by all measures across all categories. Several factors have been contributing to this robust growth, including per capita consumption rising from a low base, a youthful demographic, widespread electrification, and a warm climate. India's per capita consumption of soft drinks stands at 22 litres, which is significantly lower than the global average o...
Euromonitor International's Soft Drinks in India report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2020-2024), 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 2029 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
Trends
DISCLAIMER
SOURCES
- Summary 1 Research Sources
CARBONATES IN INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Electrification, value over volume approach, and explosion of quick commerce drive sales of carbonates in India
- Stakeholders in carbonates seek tax reduction
- Success of Reliance Consumer Products prompts Coca-Cola India and PepsiCo India Holdings to explore the launch of more affordable options
PROSPECTS AND OPPORTUNITIES
- Carbonates set to maintain solid growth potential
- Movements in bottling and distribution likely to contribute to growth
- Sugar is a significant point of contention for carbonates players, and the primary obstacle to greater uptake
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 INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Juice, particularly juice drinks, is dominated by smaller pack sizes
- The price war in carbonates makes these more attractive to consumers, impacting sales of nectars
- Regulations guide consumer choice in juice in India
PROSPECTS AND OPPORTUNITIES
- The untapped potential of a young demographic and low per capita consumption
- Companies expand and alter their production capacity to meet the rising demand
- Blurring of category lines is the next big opportunity for juice players in India
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 INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Bottled water sees growth amidst water scarcity and health concerns, but not without its own set of challenges
- Quick commerce model benefits bottled water across urban centres in India
- Companies come up with sustainable packaging solutions to tackle the plastic problem
PROSPECTS AND OPPORTUNITIES
- Health awareness will continue to drive growth of bottled water over the forecast period
- Players in still bottled water unable to make pricing adjustments due to regional and counterfeit products
- State governments actively work to reduce pollution caused by single-use plastics, particularly smaller pack sizes
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 INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Perception of sports drinks, combined with a lack of reduced sugar alternatives, limits the growth potential
- Gatorade holds a commanding share amongst a relatively small number of players
- Coca-Cola has explored divergent strategies for sports drinks over the years, and it has settled for a volume over value approach
PROSPECTS AND OPPORTUNITIES
- Coca-Cola's mass marketing will hinder the competition's ability to increase prices during the forecast period
- Growth potential due to rising health consciousness and Fit India
- Forecast period could be an opportune time for the launch of healthier variants
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 INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- PepsiCo India's Sting has successfully democratised energy drinks, previously perceived as a premium category
- Concern about and regulation of caffeine prevents stronger uptake of energy drinks
- High prices limit sales of energy drinks
PROSPECTS AND OPPORTUNITIES
- India's young and gaming demographics will continue to drive the growth of energy drinks during the forecast period
- Sting, as an economic alternative, will continue to drive sales
- Small pack sizes and PET packaging will continue to dominate during the forecast period
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 INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Growth is maintained for concentrates, although at a slow pace compared with overall soft drinks
- Pioma Industries leads concentrates, supported by fortification, product development, affordability, and accessibility
- Supply chain issues and inflation pose challenges, and concern over hyperlocal delivery players
PROSPECTS AND OPPORTUNITIES
- Solid growth expected, but challenge from inflation and other soft drinks
- Versatility in various applications and the focus on rural consumers set to underpin growth in concentrates
- Players will have to highlight functional ingredients and inclusion of natural ingredients
CATEGORY DATA
- 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 INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Growth continues for RTD tea, although sales are low within overall soft drinks
- Hindustan Unilever maintains its dominance despite rising competition
- Although a fledgling category, carbonated RTD tea and kombucha sees exceptional growth, fuelled by health benefits
PROSPECTS AND OPPORTUNITIES
- Kombucha set to see the strongest performance moving forward
- Carbonated tea and kombucha likely to see changes in the competitive landscape
- Increasing number of reduced sugar variants of still RTD tea expected
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