Soft drinks in 2024: The big picture
In 2024, soft drinks in Azerbaijan continued to show positive dynamics, supported by a slowdown in unit price growth. This development made soft drinks more appealing to consumers.
2024 key trends
The introduction of new flavours and product innovations, combined with sponsorships of various sports events, has significantly boosted demand for carbonates, bottled water, and energy drinks in Azerbaijan. Leading players are capitalising on the image of these soft drinks as essential components of a modern, healthy lifestyle.
Competitive landscape
Soft drinks in Azerbaijan continues to be dominated by the market leader, Baku Coca-Cola Bottlers Ltd, which maintains a strong presence in the carbonates category with its Coca-Cola, Sprite, and Fanta brands. The company successfully increased its volume share in 2024, supported by its strong brand recognition and an extensive distribution network, securing its leading position.
Retailing developments
Modern trade is steadily growing in Azerbaijan, with traditional trade gradually declining as consumer preferences shift toward the convenience and more organised shopping experiences offered by modern retail formats. Supermarkets and hypermarkets are becoming increasingly popular due to their wider assortments and better pricing, as well as loyalty programmes that enhance the shopping experience.
Foodservice vs retail split
The positive developments in Azerbaijan's tourism sector and the growing trend of out-of-home dining are benefiting the soft drinks category within foodservice. With tourism expected to rise by the end of 2024, both domestic and international visitors are contributing to the growth of the hospitality industry.
What next for soft drinks?
Soft drinks in Azerbaijan are expected to continue their positive development, with several key factors driving this growth. On-the-go formats are expected to play an essential role, as the faster pace of life increases demand for quick thirst-quenching options.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Azerbaijan 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 Azerbaijan, 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 Azerbaijan 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 Azerbaijan?
- To what extent are health considerations impacting consumption of Soft Drinks in Azerbaijan?
- 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 Azerbaijan?
- Which are the leading brands in Soft Drinks in Azerbaijan?
- What potential exists for multinational or domestic soft drinks companies to expand in Azerbaijan?
- How are products distributed in Soft Drinks in Azerbaijan?
- 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 Azerbaijan
Soft drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for soft drinks?
DISCLAIMER
Bottled Water in Azerbaijan
KEY DATA FINDINGS
Positive growth driven by health awareness and stable pricing
Challenges for flavoured water amid preference for carbonates
Local companies lead with diverse offerings and strategic branding
Projected growth driven by health consciousness and population expansion
Local brands maintain dominance, with expanding product portfolios
Government initiatives improve tap water access but sustain bottled water demand
Carbonates in Azerbaijan
KEY DATA FINDINGS
Growth driven by expansion efforts and moderate price increases
Limited demand for reduced-sugar options despite new launches
International players strengthen market share through brand loyalty
Cola carbonates expected to drive future growth
Changing consumer preferences drive non-traditional flavour demand
Private label to see gradual growth as consumer trust builds
Concentrates in Azerbaijan
KEY DATA FINDINGS
Decline in liquid concentrates
Powder concentrates struggling with growth
Dominance of Russian brands
Limited growth potential for concentrates
Continued decline of liquid concentrates
Potential revival of powder concentrates with health-focused offerings
Concentrates Conversions
Juice in Azerbaijan
KEY DATA FINDINGS
Limited growth and consumer shift to other soft drinks
Flavour expansion boosts appeal of juice drinks
Consolidated market dominated by leading local and international players
Slow growth expected due to weak juice-drinking habits
Limited demand for 100% not-from-concentrate juice
Decline in nectars as consumers shift to juice drinks and 100% juice
RTD Coffee in Azerbaijan
KEY DATA FINDINGS
Growing coffee culture drives demand for RTD coffee
Energy drinks continue to compete with RTD coffee
Dominance of affordable international brands
Strong growth potential for RTD coffee
Competitive landscape set to remain stable
Expanding retail and urbanisation drive demand
RTD Tea in Azerbaijan
KEY DATA FINDINGS
The cultural and health appeal of RTD tea
The expansion of flavour offerings
Dominance of international brands and emerging local competitors
Seasonal growth with strong consumer awareness
Market leadership by Fuse Tea and Baku Coca-Cola Bottlers Ltd
Limited appeal of reduced-sugar options
Energy Drinks in Azerbaijan
KEY DATA FINDINGS
Growing popularity among youth and sports association boost energy drink sales
Expansion of flavour portfolios to broaden appeal
Avrora Ltd’s leadership and growing competition from global brands
Widespread accessibility and affordability drive continued growth
Market maturity necessitates innovation and targeted marketing
Limited demand for reduced-sugar options as full-sugar remains preferred
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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