Soft drinks in 2024: The big picture
In 2024, the soft drinks landscape in Belgium experienced a decline in retail volume as consumers increasingly prioritised health, with the aim of reducing their overall consumption. However, some of these beverages appealed as affordable indulgences.
2024 Key Trends
One of the key trends in 2024 was the growing demand for functional beverages. These options are becoming increasingly targeted to suit specific activities, including sports, studying, working or gaming.
Competitive Landscape
In 2024, major players regained the share that was lost to private labels in previous years, implementing targeted promotions. Major brands continue to innovate, aligning their offerings with health and functionality trends.
Retailing Developments
The retail landscape in 2024 saw several notable changes. Hard discounters continued to expand its presence, driven by inflation and the relatively lower purchasing power of Belgian households.
Foodservice vs Retail Split
2024 marked the continuity of the shift from on-trade to off-trade channels, which began to take place during COVID-19. Events such as festivals continued to play a crucial role for soft drink brands, providing opportunities for brand visibility and consumer engagement.
What Next for Soft Drinks?
Across the forecast period, the soft drink landscape in Belgium is expected to continue recording a decline in retail volume as consumers rationalise their consumption. However, indulgence will remain an important factor driving the landscape forward.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Belgium 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 Belgium, 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 Belgium 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 Belgium?
- To what extent are health considerations impacting consumption of Soft Drinks in Belgium?
- 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 Belgium?
- Which are the leading brands in Soft Drinks in Belgium?
- What potential exists for multinational or domestic soft drinks companies to expand in Belgium?
- How are products distributed in Soft Drinks in Belgium?
- 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 Belgium
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 Belgium
DISCLAIMER
Bottled Water in Belgium
KEY DATA FINDINGS
Bottled water benefits from its alignment with rising health trends
Affordable options and convenience drives bottled water sales
Flavoured water is a fading trend despite ongoing innovation on the landscape
The outlook for bottled water benefits from health trends and consumer preferences
Functional bottled water gains ground as players invest in new launches
Sustainable packaging becomes a key feature of bottled water
Carbonates in Belgium
KEY DATA FINDINGS
Health trends and cold weather negatively impact demand for carbonates
Soft drinks offer an affordable indulgence, boosting sales of smaller pack sizes
Leading players implement promotions and online strategies to gain ground
Innovation opportunities exist for the other carbonates landscape
Innovation set to focus on functional drinks, aligning with health trends
Hard discounters and the ongoing growth of small distribution channels
Concentrates in Belgium
KEY DATA FINDINGS
Concentrates struggle as health trends shift consumer preferences
SodaStream hits a plateau while private label options gain ground
Environmental concerns aid sales of concentrates in 2024
Health trends and sustainability slows down the decline for liquid concentrates'
Refillable bottles and school vending machines boost prospects for concentrates
The focus on functional options drives growth potential for concentrates
Concentrates Conversions
Juice in Belgium
KEY DATA FINDINGS
Price hikes, supply shortages and the sugar debate negatively impact sales of juice
Juice brands adapt to changing consumer preferences through innovation
Innovating to combat decline as juice options aligns with health trends
Responding to retail volume decline through variety and diversification
Opportunities are found in cocktails, mocktails, and sophisticated flavours
Smaller formats and indulgence in the fruit juice landscape
RTD Coffee in Belgium
KEY DATA FINDINGS
Packaging changes and health-conscious innovations drive volume sales
Health and functionality drive growth in the RTD coffee landscape
Private labels leads, despite innovations from Emmi and Starbucks
Rapid growth for RTD coffee due to convenience and health trends
Private labels in RTD coffee will need to innovate to retain ground
Costa Coffee is set to expand into retail channels across the next five years
RTD Tea in Belgium
KEY DATA FINDINGS
Price competition and flavour variety propel the performance of RTD tea
Healthier options help revitalise the RTD tea landscape
The taste of Kombucha acts as a challenge for higher levels of sales
Price wars and health trends propel the RTD tea landscape
Health trends and functionality drive innovations in RTD tea
Kombucha faces challenges despite its alignment with health trends
Energy Drinks in Belgium
KEY DATA FINDINGS
Sustained growth fuelled by busy lifestyles and the demand for functional drinks
Innovations and new entrants align with the rising health trend
Red Bull's dominance and growth on the energy drinks landscape
Functionality will help to diverse the consumer base for energy drinks
Diverse distribution channels drive growth on the energy drinks landscape
Health and wellness supports ongoing innovation across the forecast period
Sports Drinks in Belgium
KEY DATA FINDINGS
Health consciousness and demand for functional beverages drives sales
Sports drink players navigate sugar concerns through innovation
Rising competition from functional waters and energy drinks challenges sports drinks sales
Enhanced functionalities offer a consumer-centric product in sports drinks
Innovations align with the demand for functional beverages to aid growth
Targeted solutions is an opportunity for the future of innovation in sports drinks
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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