Soft drinks in 2024: The big picture
In 2024, the Argentine economy experienced a negative GDP growth of 3.8%, marking a challenging year for the country.
2024 key trends
The consumption of soft drinks in Argentina declined in the first half of 2024, heavily influenced by the government’s economic transformation under President Javier Milei. Drastic spending cuts sent consumption and economic activity into a sharp decline.
Competitive landscape
In 2024, Coca-Cola Argentina maintained its leadership in soft drinks, with nearly 40% of off-premise sales value. This dominance is fuelled by the company's substantial financial resources and strategic campaigns during the ongoing economic crisis.
Retailing developments
In 2024, the traditional retail channel in Argentina experienced a modest recovery after the government ended its price control measures. As a result, consumer behaviour shifted, with increased visits to small local retailers, despite a decrease in the value of purchases.
Foodservice vs retail split
Following the COVID-19 pandemic, on-trade experienced a significant rebound as restrictions were lifted, and consumer confidence returned. This growth continued into 2023, driven by both the recovery of domestic tourism and an uptick in inbound tourism.
What next for soft drinks?
Following the decline in retail volume sales for soft drinks in 2024, a recovery is projected throughout the forecast period. This rebound will be driven by improvements in real wages and salaries, a decrease in the unemployment rate, and a moderation in inflation, though inflation is set to remain elevated.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Bottled Water
- Carbonates
- Concentrates
- Juice
- RTD Coffee
- RTD Tea
- Energy Drinks
- Sports Drinks
- Asian Speciality Drinks
If you're in the Soft Drinks industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Soft Drinks in Argentina report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Soft Drinks in Argentina?
- To what extent are health considerations impacting consumption of Soft Drinks in Argentina?
- How are changing social attitudes and legislation (eg sugar tax) reshaping demand and consumption?
- How are changing demographics (for example, an ageing or predominantly young population) determining consumption of Soft Drinks in Argentina?
- Which are the leading brands in Soft Drinks in Argentina?
- What potential exists for multinational or domestic soft drinks companies to expand in Argentina?
- How are products distributed in Soft Drinks in Argentina?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How have home seclusion and social distancing measures following COVID-19 impacted sales of Soft Drinks?
- How are sustainability issues, such as environmentally-friendly packaging, legislation on recyclability, or the amount of plastic in bottles, impacting the soft drinks industry?
- Where is future growth expected to be most dynamic?
Soft Drinks in Argentina
Soft drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for soft drinks?
Fountain sales in Argentina
DISCLAIMER
Bottled Water in Argentina
KEY DATA FINDINGS
Bottled water consumption records a steep decline as consumers opt for tap water
Flavoured bottled water competes against powder concentrates
Coca-Cola intensifies diversification strategy with bottled water variants
A rebound in the Argentine economy positively impacts purified bottled water
Flavoured water challenges volume sales of carbonates and powder concentrates
Front labelling laws positively impact the demand for bottled water
Carbonates in Argentina
KEY DATA FINDINGS
The economic crisis led consumption of carbonates to decline in 2024
Coca-Cola invests heavily in advertising and promotions to continue driving sales
Players launch new product developments to drive growth in a challenging landscape
Innovations focus on healthier formulas to drive growth in carbonates
The gin and tonic boom leads tonic water to be a key performer
Lower cost and private label players increase share due to economic instability
Concentrates in Argentina
KEY DATA FINDINGS
Concentrates offer a cost-effective alternative during economic challenges
Powder concentrates lose ground against flavoured water variants
Innovation and affordable options aid sales of concentrates during 2024
Affordability aids powder concentrates, while liquid products showcase innovation
Private label strengthens its position as discounter stores gain ground
Innovations focus on natural ingredients to bolster growth in concentrates
Concentrates Conversions
Juice in Argentina
KEY DATA FINDINGS
Price sensitivity leads to downtrading on the juice landscape
New juice launches focus on healthier attributes and low calories
Increased investment in production capacity bolsters strength in the juice landscape
A weak economy benefits price-driven juice drinks and nectars
Health and wellness to play an ongoing role in product innovation
Juice players launch vegetable based recipes to widen the consumer base
RTD Tea in Argentina
KEY DATA FINDINGS
The economic recession leads to a double-digit volume decline for RTD tea sales
The strong demand for Yerba mate limits further expansion of RTD tea
RTD tea remains a niche landscape with limited brands competing
Premium offerings have potential to drive growth over the forecast period
Products with health attributes attract new consumers over the forecast period
New functional options, including Kombucha, increase consumer interest
Energy Drinks in Argentina
KEY DATA FINDINGS
Energy drinks showcase a rise in volume growth, driven by off-trade sales
Monster and Red Bull lead energy drinks, offering well-established brands
Sales are driven by the development of new consumer occasions
Energy drinks gain ground as player invest and new brands enter
Rising concerns surrounding sugar intake shapes product innovations
Flavour innovation and promotional activities will remain key growth drivers
Sports Drinks in Argentina
KEY DATA FINDINGS
The non-essential status of sports drinks leads volume to decline in 2024
SueroX shakes up the landscape with its oral replenishment solution
Gatorade holds its leading position, while Powerade is growing competition
Sports drinks sales rebound while private label options gain ground
New consumption occasions led by oral replenishments products
Health and wellness properties will positively impact sports drinks sales
The following categories and subcategories are included:
Soft Drinks
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- Carbonated Natural Mineral Bottled Water
- Carbonated Spring Bottled Water
- Carbonated Purified Bottled Water
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- Still Flavoured Bottled Water
- Sparkling Flavoured Bottled Water
- Functional Bottled Water
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- Still Natural Mineral Bottled Water
- Still Spring Bottled Water
- Still Purified Bottled Water
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- Regular Carbonates
- Reduced Sugar Carbonates
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- Regular Cola Carbonates
- Reduced Sugar Cola Carbonates
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- Regular Non-Cola Carbonates
- Reduced Sugar Non-Cola Carbonates
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- Regular Lemonade/Lime
- Reduced Sugar Lemonade/Lime
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- Regular Tonic Water/Mixers/Other Bitters
- Reduced Sugar Tonic Water/Mixers/Other Bitters
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- Regular Orange Carbonates
- Reduced Sugar Orange Carbonates
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- Regular Other Non-Cola Carbonates
- Reduced Sugar Other Non-Cola Carbonates
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- Liquid Concentrates
- Powder Concentrates
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- Not from Concentrate 100% Juice
- Reconstituted 100% Juice
- Coconut and Other Plant Waters
- Juice Drinks (up to 24% Juice)
- Nectars
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- RTD Coffee
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- Carbonated RTD Tea and Kombucha
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- Regular Still RTD Tea
- Reduced Sugar Still RTD Tea
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- Regular Energy Drinks
- Reduced Sugar Energy Drinks
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- Regular Sports Drinks
- Reduced Sugar Sports Drinks
- Asian Speciality Drinks
Soft Drinks
This is the aggregation of the following categories; Carbonates, Fruit/vegetable juice, Bottled water, Functional drinks, Concentrates, RTD tea, RTD coffee and Asian speciality drinks.
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This report originates from Passport, our Soft Drinks research and analysis database.
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