Soft drinks in 2024: The big picture
Soft drinks volume sales remained flat overall in 2024, with a slowdown in on trade volumes and a more upbeat performance in retail volume sales. The milder weather proved favourable to soft drinks consumption with higher temperatures in spring boosting volume sales earlier than normal.
2024 key trends
New government legislation had a notable impact on pricing strategies in 2024. A new law came into effect across FMCG products that bans brands from utilising promotional activities in supermarkets for three months following the implementation of any price increase.
Competitive landscape
There were no significant changes in the competitive landscape over 2024. Bottled water and RTD coffee have witnessed heavier investment in line with the growing number of companies and brands that are present in the category.
Retailing developments
Supermarkets and hypermarkets remained the key channel for home consumption of soft drinks, yet discounters have posted a strong increase due to the strong sales growth in Lidl stores. Footfall in discounters rose due to the decline in disposable income and rising cost of living in Greece.
Foodservice vs retail split
The foodservice channel accounts for a significant part of soft drinks consumption in Greece and it strongly benefits from inbound tourist flows. However, in 2023-2024 it has been under pressure due to the decline in disposable income and lower domestic spending on foodservice.
What next for soft drinks?
Health and wellness is set to remain a key trend shaping developments in soft drinks over the forecast period. The shift to sugar free drinks will become further ingrained, whilst consumers are expected to continue switching to drinks that are perceived to be ‘better for you’.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Greece 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 Greece, 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 Greece 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 Greece?
- To what extent are health considerations impacting consumption of Soft Drinks in Greece?
- 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 Greece?
- Which are the leading brands in Soft Drinks in Greece?
- What potential exists for multinational or domestic soft drinks companies to expand in Greece?
- How are products distributed in Soft Drinks in Greece?
- 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 Greece
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 Greece
DISCLAIMER
Bottled Water in Greece
KEY DATA FINDINGS
On the go consumption is boosted by longer period of hot weather
Domestic companies retain leadership position
Bottled water is attractive to new investors
The competitive landscape is expected to become more fragmented
Sustainability to drive developments
One litre bottles are set to gain share
Carbonates in Greece
KEY DATA FINDINGS
Pink grapefruit leads the flavour trend in mixers
Cola carbonates post further decline in volume sales
Domestic brand Vikos gains share as Pepsi Max rebrands as Pepsi Zero Sugar
Cola carbonates to remain under pressure in upcoming period
Reduced sugar carbonates to increase penetration in carbonates
Flavours to remain under the spotlight in mixers
Concentrates in Greece
KEY DATA FINDINGS
Low growth potential limits financial investment
Iced tea dominates sales of powder concentrates
Private label products gain share
Healthy living trend affects performance of liquid concentrates
Powder concentrates will suffer from competition with RTD Formats
Lack of consumer interest will hinder investment
Concentrates Conversions
Juice in Greece
KEY DATA FINDINGS
Price increases stimulate demand for smaller packs and more affordable offerings
Orange juice posts higher price increases compared to other flavours
Shift towards ambient juice drives change in competitive landscape
Prices will reside at a new normal level over forecast period
Ambient juice to retain its strong position
On-trade sales of juice to come under pressure
RTD Coffee in Greece
KEY DATA FINDINGS
Strong coffee culture in Greece dampens category performance
Hell retains its solid lead in RTD coffee
Tourist flows play a key role in RTD coffee
Scarce availability limits growth opportunities
Wider product variety could raise consumer awareness
Strong inbound tourism market offers growth opportunities
RTD Tea in Greece
KEY DATA FINDINGS
Hotter weather provides boost to category
Carbonated RTD tea performs well although penetration remains low
Impulse purchases account for the bulk of volume
Healthy living trend to shape consumption patterns
Companies to invest on overcoming seasonality
At home RTD tea consumption to remain low
Energy Drinks in Greece
KEY DATA FINDINGS
Retailers allocate greater shelf space to energy drinks
Impulse channel drives growth of energy drinks
Red Bull is under pressure from key competitors
Shifting focus to adult population represents growth opportunities
Sugar-free SKUs to drive growth in energy drinks
Demand for energy boosting products to remain high
Sports Drinks in Greece
KEY DATA FINDINGS
Prime boosts sports drinks category
Private imports account for a high volume of sales
Coca-Cola Hellenic Bottling Co dominates in sports drinks
Low penetration allows room for growth
Prime set to attract new consumers to the category
Changes in distribution key to category growth
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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