Soft drinks in 2024: The big picture
Price spikes in 2023 had a negative effect on off-trade volume sales of soft drinks, but the category saw a slight recovery in 2024 as prices stabilised which boosted demand. Nonetheless, growth was modest with several factors contributing to the relatively stagnant performance of soft drinks both in the off- and on-trade channels.
2024 key trends
There has been a growing focus on health and wellness in Italy with having a strong influence on demand for soft drinks in 2024. This has resulted in consumers making increasingly sophisticated choices when it comes to buying soft drinks.
Competitive landscape
Despite the challenging economic environment and rising production costs, coupled with the stagnant demand, there were still several notable new product launches in soft drinks in Italy in 2024. In response to the negative attention being given to juice, some manufacturers focused on innovation.
Retailing developments
Consumers remained price sensitive in 2024 due to pressure on purchasing power and prevailing economic uncertainty. This situation benefited the discounters channel which continued to win share in 2024.
Foodservice vs retail split
High prices and pressure on purchasing power put the brakes on the recovery of soft drinks in the on-trade channel in 2024 with sales yet to see a full recovery to pre-pandemic levels in volume terms. Indeed, consumers were quite price sensitive in 2024 and often preferred to buy soft drinks through off-trade outlets rather than spending more to buy them in cafés/bars and restaurants.
What next for soft drinks?
The prices of soft drinks are expected to fall over the forecast period in constant terms. Similarly, pressure on purchasing power is likely to soften, especially over the second half of the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Italy 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 Italy, 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 Italy 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 Italy?
- To what extent are health considerations impacting consumption of Soft Drinks in Italy?
- 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 Italy?
- Which are the leading brands in Soft Drinks in Italy?
- What potential exists for multinational or domestic soft drinks companies to expand in Italy?
- How are products distributed in Soft Drinks in Italy?
- 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 Italy
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 Italy
Trends
DISCLAIMER
Bottled Water in Italy
KEY DATA FINDINGS
Bottled water sees an improved performance as prices stabilise
Functional bottled water proving popular in 2024
Innovation seen in bottled water as players look for new ways to stand out from the competition
Flat performance projected for bottled water over the forecast period
Strongly carbonated bottled water seen to have further potential
Functional and flavoured bottled water set to be the key growth drivers
Carbonates in Italy
KEY DATA FINDINGS
Despite price stabilisation volume sales keep declining
Reduced sugar largely outperforms regular
Price strategies determine changes in competitive landscape
Sugar tax to impact carbonates performance
Despite a bright outlook for reduced sugar carbonates, overall sales are set to decline
Premiumisation set to return to carbonates as the economy recovers
Concentrates in Italy
KEY DATA FINDINGS
Value for money trend helps revive demand for concentrates
Competition from other soft drinks categories increases
Innovation seen in concentrates
A bleak outlook for concentrates with sales set to decline as the economic situation improves
Premium concentrates expected to attract demand from mixology enthusiasts
Sustainability and health and fitness trends could open up new opportunities for concentrates
Concentrates Conversions
Juice in Italy
KEY DATA FINDINGS
Juice keeps declining in volume in 2024
Health and wellness positioning plays a key role in demand for juice
Innovation continues to be seen in juice with a focus on health and the environment
Sugar tax and growing health concerns likely to influence the future development of juice
Mixed performances expected within juice
Premiumisation expected in juice as the economy recovers
RTD Coffee in Italy
KEY DATA FINDINGS
RTD coffee remains dynamic in 2024
Starbucks consolidates its leadership as it continues to expand across Italy
Innovation could help driver stronger growth in RTD coffee
RTD coffee set for further strong growth backed by Starbucks’ ambitious expansion plans
RTD coffee yet to become a major draw for investors
Producers of RTD coffee will need to explore new opportunities to reach a wider audience
RTD Tea in Italy
KEY DATA FINDINGS
Static performance for RTD tea
Reduced sugar RTD tea outperforms regular RTD tea but loses share to categories with a stronger health and wellness positioning
Pricing strategies impact the competitive landscape
RTD tea unlikely to see significant growth as negatives expected to balance out the positives
Sugar tax expected to impact the growth and development of RTD tea
Health and wellness positioning to drive growth over the forecast period
Energy Drinks in Italy
KEY DATA FINDINGS
Energy drinks continues to see dynamic growth in 2024 despite price increases and poor weather
Pricing policies shape the strategies of the category leaders as Red Bull and Monster Energy retain their dominance
New distribution opportunities could be key to the category’s future success
Energy drinks set to see further growth over the forecast period but health concerns, the sugar tax and category maturity likely to dampen sales
Reduced sugar claims set to come to the fore as Italy rolls out its sugar tax
Growing competition expected from sport drinks and functional bottled water
Sports Drinks in Italy
KEY DATA FINDINGS
Slight volume growth for sports drinks
Prime Hydration explodes onto the Italian market
Gatorade loses shares
Positive outlook for sports drinks but challenges remain as Italy prepares for its new sugar tax
Inspired by Prime Hydration sports drinks players likely to focus on energy boosting claims
Vending, discounters and e-commerce could hold the key to the growth of 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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