Soft drinks in 2024: The big picture
The Costa Rican economy continues to expand in 2024, and so does the soft drinks market. According to estimates from the Costa Rican Research Institute in Economic Sciences, Costa Rica is expected to grow by 4.
2024 key trends
Although still niche, the demand for better-for-you products and clean label trends continues to grow. Increasingly, consumers are not just reading product labels for health claims but are carefully examining ingredient lists, looking for the absence of complex or unfamiliar ingredients and favouring products with only a few natural ingredients.
Competitive landscape
In response to the rising concern over clean water and the increasing number of tourists seeking bottled water, Nissi, a partner brand of Nacascolo Holdings dedicated to bottled spring water, launched a new packaging option: a 10-litre recyclable cardboard box made from 100% recyclable materials. The investment in this new product amounted to around USD$150,000.
Retailing developments
Retailers like Pequeño Mundo, a mixed retailer specialising in both imported and local low-cost products, continue to grow as consumers search for savings when purchasing soft drinks. The product variety at this retailer changes frequently, prompting consumers to make purchases when they find products they like, knowing they may not remain in stock.
Foodservice vs retail split
The foodservice sector has fully recovered to pre-pandemic levels, with both local consumers and tourists seeking dining-out experiences and sensory indulgences. Drinks like RTD tea, including diet options, continue to be commonly offered alongside carbonated drinks at most foodservice establishments.
What next for soft drinks?
After the challenges of the COVID-19 crisis, the container crisis, global conflicts, high prices of international raw materials, the hacking of the country’s customs systems in 2022, the collapse of national ports, and economic instability due to high interest rates and exchange rate volatility, players in the industry remain apprehensive about the future and what it may hold.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Costa Rica 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 Costa Rica, 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 Costa Rica 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 Costa Rica?
- To what extent are health considerations impacting consumption of Soft Drinks in Costa Rica?
- 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 Costa Rica?
- Which are the leading brands in Soft Drinks in Costa Rica?
- What potential exists for multinational or domestic soft drinks companies to expand in Costa Rica?
- How are products distributed in Soft Drinks in Costa Rica?
- 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 Costa Rica
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 Costa Rica
KEY DATA FINDINGS
Health awareness drives increased water consumption
Private label bottled water gains popularity among cost-conscious consumers
Expanding variety of sparkling flavoured bottled water, including CBD innovations
Opportunities for premium and functional bottled water
Tourism growth to sustain bottled water sales
Potential for monthly subscription services
Carbonates in Costa Rica
KEY DATA FINDINGS
The rising popularity of exotic flavours in modern retailers
The growing demand for no-sugar options, even amongst children
Bundling as a strategy to boost volume sales
Increased preference for larger bottles as a cost-saving measure
The potential for healthier options targeting parents and children
Expanding the private label offering to meet price sensitivity
Concentrates in Costa Rica
KEY DATA FINDINGS
Powder concentrates sustain popularity through cost-effectiveness
Liquid concentrates appeal to lower-income groups and tourists
Sugar-free options drive consumer interest
Growth potential for better-for-you and functional concentrates
Private brands poised for expansion
Enhanced packaging opportunities for liquid concentrates
Concentrates Conversions
Juice in Costa Rica
KEY DATA FINDINGS
Juice as the preferred better-for-you choice for children
The growing appeal of bundling for cost savings
Private label gains ground in the juice category
Cleaner ingredient options for children’s lunchboxes
Juice positioned as a competitor to ready-to-drink (RTD) tea
Expansion of functional and cold-pressed juices at accessible prices
RTD Coffee in Costa Rica
KEY DATA FINDINGS
Energy drinks and carbonated beverages compete for caffeine-seeking consumers
Emerging market visibility with Dos Pinos’ entry into RTD coffee
Widespread availability of fresh hot coffee challenges RTD coffee growth
Improved placement and visibility could drive sales growth
Indulgent flavour profiles and packaging innovation to attract consumers
Health-conscious and functional options to tap into new consumer groups
RTD Tea in Costa Rica
KEY DATA FINDINGS
RTD tea's popularity driven by sweet taste, affordability, and perceived health benefits
Family packs drive value purchases with cost-effective offerings
Increased health awareness challenges RTD tea’s better-for-you image
Natural and better-for-you RTD tea variants hold growth potential
Seasonal and unique flavours can drive consumer interest
Affordability and broad appeal will sustain RTD tea’s growth
Energy Drinks in Costa Rica
KEY DATA FINDINGS
Faster growth in the on-trade channel
Smaller brands increase competition
Energy drinks gain new consumption occasions
Expansion of functional ingredients in energy drinks
Health concerns likely to restrain growth
Expanding moments of consumption through innovation
Sports Drinks in Costa Rica
KEY DATA FINDINGS
Growing demand for sugar-free and light variants
Traditional sports drinks face intensifying competition
Pharmacies emerging as key distribution channels
Growing trend for hydration tablets
Flavour innovations to sustain consumer interest
Introduction of larger bottle sizes
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.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Soft Drinks research and analysis database.
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