Soft drinks in 2024: The big picture
The soft drinks landscape in Finland showcased a mixed performance in 2024. While traditional soft drinks, such as cola and basic carbonated soft drinks, continued to face maturity, other trend-driven categories experienced growth and increased demand.
2024 key trends
In 2024, soft drinks witnessed a significant shift towards products that cater to health-conscious consumers, with a focus on natural, premium ingredients and value-added benefits. As wellness trends dominated, soft drink brands incorporated functional, health-boosting elements such as lower sugar content and fortification with vitamins, minerals, or other nutrients.
Competitive landscape
The soft drink landscape remained fiercely competitive in 2024, with big, established brands maintaining the majority share, while smaller niche players made significant strides by offering innovative products.
Retailing developments
In 2024, Lidl, Finland’s only discounter chain, successfully increased its sales, capitalising on the growing demand for affordable options. Its success is partly due to the ongoing trend of price sensitivity among consumers, who are increasingly looking for value without compromising on quality.
Foodservice vs retail split
In 2024, the soft drinks landscape in Finland will continue to normalise as the balance between off-trade and on-trade sales re-establishes itself. The foodservice sector, which was severely impacted by pandemic restrictions in 2020, has been on a steady recovery trajectory.
What next for soft drinks?
Over the forecast period, companies operating in Finland’s soft drinks landscape will align with shifting consumer trends to maintain growth. The Finnish soft drink sector remains highly competitive, and brands that respond to consumer preferences will have a better chance of gaining share.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Finland 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 Finland, 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 Finland 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 Finland?
- To what extent are health considerations impacting consumption of Soft Drinks in Finland?
- 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 Finland?
- Which are the leading brands in Soft Drinks in Finland?
- What potential exists for multinational or domestic soft drinks companies to expand in Finland?
- How are products distributed in Soft Drinks in Finland?
- 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 Finland
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 Finland
DISCLAIMER
Bottled Water in Finland
KEY DATA FINDINGS
Higher prices challenge retail volume sales in bottled water
Innovations focus on low sugar and convenience to drive sales in bottled water
Bold flavours and natural ingredients aid sales in bottled water
Health attributes will shape product innovation across the next five years
Domestic origin remains a key selling point across the forecast period
Brands respond to climate change by highlighting sustainable actions
Carbonates in Finland
KEY DATA FINDINGS
Domestic products showcase their commitment to the Finnish community
Innovations focus on healthier attributes and reduced sugar
Premium ingredients and high-quality products appeal to Finnish consumers
Reducing food waste becomes a key sales point for new product innovations
Private label continues to gain ground, offering appealing and affordable options
Sustainability takes centre stage in innovation and manufacturing
Concentrates in Finland
KEY DATA FINDINGS
Zero-sugar products and sports drink concentrates drive growth
Hydration is key to the marketing of concentrates in Finland
Health and sustainability attributes are key to product innovations
Brands focus on local origin and consumer engagement to gain ground
Private label gains ground as affordable quality appeals to consumers
Plant-based options rise as consumers adopt vegan lifestyles
Concentrates Conversions
Juice in Finland
KEY DATA FINDINGS
Retail volume declines as juice suffers from an unhealthy image
Players focus on sugar free launches to attract health-conscious consumers
Demand for functional and fortified options that align with health demands
Local production and domestic ingredients remain key sales points over the forecast period
Private label lines focus on fortified innovations to gain ground
Players focus on sustainability and social responsibility to improve brand loyalty
RTD Coffee in Finland
KEY DATA FINDINGS
Functional ingredients and bold flavours drive growth in RTD coffee
RTD coffee players launch no sugar drinks that align with rising demands
Brands offer plant-based options as the vegan population rises in Finland
Launches focus on innovative flavour offerings to gain ground
Premiumisation rises as consumers demand quality ingredients and flavours
Sustainability will be key in new product launches within RTD coffee
RTD Tea in Finland
KEY DATA FINDINGS
Innovations focus on flavour and functional ingredients to drive volume sales
Private label gains share by offering affordable options with sophisticated flavours
Kombucha gains ground as consumers appreciate gut health support
Flavour exploration and on-the-go packaging will be key over the forecast period
Domestic players highlight their local origin to engage Finnish consumers
Sustainable attributes become commonplace in RTD tea products
Energy Drinks in Finland
KEY DATA FINDINGS
Product innovation drives off-trade volume sales in 2024
Interesting flavour combinations appeal to consumers and drive sales
Functionality and flavour are a key combination in energy drinks
Innovative marketing campaigns that place consumers at the centre
Innovations focus on unique flavour combinations to stand out
Local players continue to communicate domestic origin to drive sales
Sports Drinks in Finland
KEY DATA FINDINGS
Rising interest in health and exercise boosts volume growth for sports drinks
Fortified and functional benefits drive the ongoing appeal of sports drinks
Coconut water is embraced as a natural, functional ingredient
Brands focus on marketing and endorsements to stand out against private label
Private label gains ground, offering functional and affordable options
Domestic players stand out on the competitive landscape
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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