Select Country Report
Soft drinks in 2024: The big picture
The exceptionally hot weather of 2024, exacerbated by the global El Niño phenomenon, resulted in higher temperatures, similar to the atypical year of 2023, which was influenced by the Coastal El Niño. This climatic shift greatly boosted the demand for soft drinks, particularly bottled water, sports drinks, and carbonates, throughout much of the first half of the year, as the need for hydration became more pressing for Peruvian consumers.
2024 key trends
In 2024, companies within soft drinks have been particularly active in introducing new flavours and formats, seeking to capture a larger share of the market in response to a broadening demand for hydration options. Among these, juices have been especially dynamic, with several companies launching innovative products to maintain or grow their market presence, as consumers increasingly lean towards healthier and trendier beverage categories.
Competitive landscape
The continuous growth in consumption over several months has significantly benefited most categories, but it has also intensified competition, particularly as consumers increasingly seek to minimise spending. In this environment, companies have responded by innovating with new flavours and formats, while also focusing on expanding their presence in off-trade channels, as well as in restaurants, cafés, and bars across the country.
Retailing developments
The economic situation, with consumers being more attuned to offers and savings, has further enhanced the relevance of the traditional channel, where small local grocers have made significant gains in 2024, overtaking modern retail formats. These stores offer an expanded range of products, allowing consumers with more traditional shopping habits to access categories such as tonic water/mixers/other bitters, energy drinks, and sports drinks.
Foodservice vs retail split
The foodservice channel showed relative stability in 2024, driven by increased consumption, which was largely linked to the heightened need for hydration during periods of extreme heat. However, the ongoing economic challenges have led many consumers to prioritise savings, which has shifted the balance in favour of retail channels, with the foodservice channel growing at a slower pace.
What next for soft drinks?
Flat volume growth rates are expected for many soft drinks in 2025, as the market adjusts to more typical consumption patterns following the end of the El Niño phenomenon. This shift is already evident, with growth rates beginning to normalise since the second quarter of 2024.
USD 2,450
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Peru 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 Peru, 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 Peru 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 Peru?
- To what extent are health considerations impacting consumption of Soft Drinks in Peru?
- 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 Peru?
- Which are the leading brands in Soft Drinks in Peru?
- What potential exists for multinational or domestic soft drinks companies to expand in Peru?
- How are products distributed in Soft Drinks in Peru?
- 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 Peru
Soft drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for soft drinks?
Table 1 Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: Volume 2019-2024
Table 2 Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: % Volume Growth 2019-2024
Table 3 Off-trade vs On-trade Sales of Soft Drinks by Channel: Value 2019-2024
Table 4 Off-trade vs On-trade Sales of Soft Drinks by Channel: % Value Growth 2019-2024
Table 5 Off-trade vs On-trade Sales of Soft Drinks (as sold) by Category: Volume 2024
Table 6 Off-trade vs On-trade Sales of Soft Drinks (as sold) by Category: % Volume 2024
Table 7 Off-trade vs On-trade Sales of Soft Drinks by Category: Value 2024
Table 8 Off-trade vs On-trade Sales of Soft Drinks by Category: % Value 2024
Table 9 Off-trade Sales of Soft Drinks (RTD) by Category: Volume 2019-2024
Table 10 Off-trade Sales of Soft Drinks (RTD) by Category: % Volume Growth 2019-2024
Table 11 Off-trade Sales of Soft Drinks by Category: Value 2019-2024
Table 12 Off-trade Sales of Soft Drinks by Category: % Value Growth 2019-2024
Table 13 Sales of Soft Drinks by Total Fountain On-trade: Volume 2019-2024
Table 14 Sales of Soft Drinks by Total Fountain On-trade: % Volume Growth 2019-2024
Table 15 NBO Company Shares of Total Soft Drinks (RTD): % Volume 2020-2024
Table 16 LBN Brand Shares of Total Soft Drinks (RTD): % Volume 2021-2024
Table 17 NBO Company Shares of On-trade Soft Drinks (RTD): % Volume 2020-2024
Table 18 LBN Brand Shares of On-trade Soft Drinks (RTD): % Volume 2021-2024
Table 19 NBO Company Shares of Off-trade Soft Drinks (RTD): % Volume 2020-2024
Table 20 LBN Brand Shares of Off-trade Soft Drinks (RTD): % Volume 2021-2024
Table 21 NBO Company Shares of Off-trade Soft Drinks: % Value 2020-2024
Table 22 LBN Brand Shares of Off-trade Soft Drinks: % Value 2021-2024
Table 23 Penetration of Private Label in Off-trade Soft Drinks (RTD) by Category: % Volume 2019-2024
Table 24 Penetration of Private Label in Off-trade Soft Drinks by Category: % Value 2019-2024
Table 25 Distribution of Off-trade Soft Drinks (as sold) by Format: % Volume 2019-2024
Table 26 Distribution of Off-trade Soft Drinks (as sold) by Format and Category: % Volume 2024
Table 27 Forecast Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: Volume 2024-2029
Table 28 Forecast Off-trade vs On-trade Sales of Soft Drinks (RTD) by Channel: % Volume Growth 2024-2029
Table 29 Forecast Off-trade vs On-trade Sales of Soft Drinks by Channel: Value 2024-2029
Table 30 Forecast Off-trade vs On-trade Sales of Soft Drinks by Channel: % Value Growth 2024-2029
Table 31 Forecast Off-trade Sales of Soft Drinks (RTD) by Category: Volume 2024-2029
Table 32 Forecast Off-trade Sales of Soft Drinks (RTD) by Category: % Volume Growth 2024-2029
Table 33 Forecast Off-trade Sales of Soft Drinks by Category: Value 2024-2029
Table 34 Forecast Off-trade Sales of Soft Drinks by Category: % Value Growth 2024-2029
Table 35 Forecast Sales of Soft Drinks by Total Fountain On-trade: Volume 2024-2029
Table 36 Forecast Sales of Soft Drinks by Total Fountain On-trade: % Volume Growth 2024-2029
Fountain sales in Peru
DISCLAIMER
Summary 1 Research Sources
Bottled Water in Peru
KEY DATA FINDINGS
Positive growth thanks to high temperatures
AJE Group continues to be the leader in a more competitive category
Economic context also drives demand for large formats and filters in homes and offices
Flavoured bottled water will grow in relevance
Functional bottled water gains awareness with Peruvian brand Life SOS
Opportunity for further premiumisation within the category
Table 37 Off-trade Sales of Bottled Water by Category: Volume 2019-2024
Table 38 Off-trade Sales of Bottled Water by Category: Value 2019-2024
Table 39 Off-trade Sales of Bottled Water by Category: % Volume Growth 2019-2024
Table 40 Off-trade Sales of Bottled Water by Category: % Value Growth 2019-2024
Table 41 NBO Company Shares of Off-trade Bottled Water: % Volume 2020-2024
Table 42 LBN Brand Shares of Off-trade Bottled Water: % Volume 2021-2024
Table 43 NBO Company Shares of Off-trade Bottled Water: % Value 2020-2024
Table 44 LBN Brand Shares of Off-trade Bottled Water: % Value 2021-2024
Table 45 Forecast Off-trade Sales of Bottled Water by Category: Volume 2024-2029
Table 46 Forecast Off-trade Sales of Bottled Water by Category: Value 2024-2029
Table 47 Forecast Off-trade Sales of Bottled Water by Category: % Volume Growth 2024-2029
Table 48 Forecast Off-trade Sales of Bottled Water by Category: % Value Growth 2024-2029
Carbonates in Peru
KEY DATA FINDINGS
Positive performance, favoured by the weather
PepsiCo Inc. gains new momentum thanks to global rebranding
Aggressive promotions remain a constant in the category
Greater brand concentration is expected in the coming years
Tonic water/mixers/other bitters will continue to lead in growth
Can format projects greater growth in the short term
Table 49 Off-trade vs On-trade Sales of Carbonates: Volume 2019-2024
Table 50 Off-trade vs On-trade Sales of Carbonates: Value 2019-2024
Table 51 Off-trade vs On-trade Sales of Carbonates: % Volume Growth 2019-2024
Table 52 Off-trade vs On-trade Sales of Carbonates: % Value Growth 2019-2024
Table 53 Off-trade Sales of Carbonates by Category: Volume 2019-2024
Table 54 Off-trade Sales of Carbonates by Category: Value 2019-2024
Table 55 Off-trade Sales of Carbonates by Category: % Volume Growth 2019-2024
Table 56 Off-trade Sales of Carbonates by Category: % Value Growth 2019-2024
Table 57 Total Sales of Carbonates by Fountain On-trade: Volume 2019-2024
Table 58 Total Sales of Carbonates by Fountain On-trade: % Volume Growth 2019-2024
Table 59 NBO Company Shares of Off-trade Carbonates: % Volume 2020-2024
Table 60 LBN Brand Shares of Off-trade Carbonates: % Volume 2021-2024
Table 61 NBO Company Shares of Off-trade Carbonates: % Value 2020-2024
Table 62 LBN Brand Shares of Off-trade Carbonates: % Value 2021-2024
Table 63 Forecast Off-trade Sales of Carbonates by Category: Volume 2024-2029
Table 64 Forecast Off-trade Sales of Carbonates by Category: Value 2024-2029
Table 65 Forecast Off-trade Sales of Carbonates by Category: % Volume Growth 2024-2029
Table 66 Forecast Off-trade Sales of Carbonates by Category: % Value Growth 2024-2029
Table 67 Forecast Total Sales of Carbonates by Fountain On-trade: Volume 2024-2029
Table 68 Forecast Total Sales of Carbonates by Fountain On-trade: % Volume Growth 2024-2029
Concentrates in Peru
KEY DATA FINDINGS
Category continues to grow amidst hot summer and economic recession
Traditional channel remains dominant
Economic context requires brands to adjust prices and sizes
Sugar-free options remain underutilised
Traditional packaged beverages pose a growing threat to concentrates
Niche alternatives to powder concentrates to gain ground
Concentrates Conversions
Summary 2 Concentrates Conversion Factors for Ready-to-Drink (RTD) Format
Table 69 Off-trade Sales of Concentrates (RTD) by Category: Volume 2019-2024
Table 70 Off-trade Sales of Concentrates (RTD) by Category: % Volume Growth 2019-2024
Table 71 Off-trade Sales of Concentrates by Category: Value 2019-2024
Table 72 Off-trade Sales of Concentrates by Category: % Value Growth 2019-2024
Table 73 LBN Brand Shares of Off-trade Concentrates (RTD): % Volume 2021-2024
Table 74 NBO Company Shares of Off-trade Concentrates: % Value 2020-2024
Table 75 LBN Brand Shares of Off-trade Concentrates: % Value 2021-2024
Table 76 NBO Company Shares of Off-trade Liquid Concentrates (RTD): % Volume 2020-2024
Table 77 LBN Brand Shares of Off-trade Liquid Concentrates (RTD): % Volume 2021-2024
Table 78 NBO Company Shares of Off-trade Powder Concentrates (RTD): % Volume 2020-2024
Table 79 LBN Brand Shares of Off-trade Powder Concentrates (RTD): % Volume 2021-2024
Table 80 Forecast Off-trade Sales of Concentrates (RTD) by Category: Volume 2024-2029
Table 81 Forecast Off-trade Sales of Concentrates (RTD) by Category: % Volume Growth 2024-2029
Table 82 Forecast Off-trade Sales of Concentrates by Category: Value 2024-2029
Table 83 Forecast Off-trade Sales of Concentrates by Category: % Value Growth 2024-2029
Juice in Peru
KEY DATA FINDINGS
Positive growth, although consumption slows down
Fruit prices rise, but juice drinks and nectars prices fall
Gloria seeks to boost new consumption occasions with innovative, yet traditional, flavours
Consumption will grow thanks to innovations in formats and flavours
Legislation could be a key issue in 2025
Smoothies, detox juices, and shots become more popular
Table 84 Off-trade Sales of Juice by Category: Volume 2019-2024
Table 85 Off-trade Sales of Juice by Category: Value 2019-2024
Table 86 Off-trade Sales of Juice by Category: % Volume Growth 2019-2024
Table 87 Off-trade Sales of Juice by Category: % Value Growth 2019-2024
Table 88 NBO Company Shares of Off-trade Juice: % Volume 2020-2024
Table 89 LBN Brand Shares of Off-trade Juice: % Volume 2021-2024
Table 90 NBO Company Shares of Off-trade Juice: % Value 2020-2024
Table 91 LBN Brand Shares of Off-trade Juice: % Value 2021-2024
Table 92 Forecast Off-trade Sales of Juice by Category: Volume 2024-2029
Table 93 Forecast Off-trade Sales of Juice by Category: Value 2024-2029
Table 94 Forecast Off-trade Sales of Juice by Category: % Volume Growth 2024-2029
Table 95 Forecast Off-trade Sales of Juice by Category: % Value Growth 2024-2029
RTD Coffee in Peru
KEY DATA FINDINGS
Category continues to decline compared to increased consumption of soft drinks
Lack of awareness hinders investment in developing the category
Asian speciality stores remain the dominant sales channel for RTD coffee
Cold brew growing in the on-trade
Cold instant coffee consumption grows thanks to companies' promotion
Caffeine consumption grows faster in other soft drinks categories
Table 96 Off-trade Sales of RTD Coffee: Volume 2019-2024
Table 97 Off-trade Sales of RTD Coffee: Value 2019-2024
Table 98 Off-trade Sales of RTD Coffee: % Volume Growth 2019-2024
Table 99 Off-trade Sales of RTD Coffee: % Value Growth 2019-2024
Table 100 NBO Company Shares of Off-trade RTD Coffee: % Volume 2020-2024
Table 101 LBN Brand Shares of Off-trade RTD Coffee: % Volume 2021-2024
Table 102 NBO Company Shares of Off-trade RTD Coffee: % Value 2020-2024
Table 103 LBN Brand Shares of Off-trade RTD Coffee: % Value 2021-2024
Table 104 Forecast Off-trade Sales of RTD Coffee: Volume 2024-2029
Table 105 Forecast Off-trade Sales of RTD Coffee: Value 2024-2029
Table 106 Forecast Off-trade Sales of RTD Coffee: % Volume Growth 2024-2029
Table 107 Forecast Off-trade Sales of RTD Coffee: % Value Growth 2024-2029
RTD Tea in Peru
KEY DATA FINDINGS
Still RTD tea remains stable, benefiting from a hot summer
GW Yichang & Co launches Colombian brand Hatsu
Carbonated RTD tea and kombucha resumes growth amid a more positive economic outlook
Falling consumption of green tea signals need for SKU innovation
Reduced sugar RTD tea to gain significance
Kombucha’s growing presence in the country
Table 108 Off-trade Sales of RTD Tea by Category: Volume 2019-2024
Table 109 Off-trade Sales of RTD Tea by Category: Value 2019-2024
Table 110 Off-trade Sales of RTD Tea by Category: % Volume Growth 2019-2024
Table 111 Off-trade Sales of RTD Tea by Category: % Value Growth 2019-2024
Table 112 Leading Flavours for Off-trade RTD Tea: % Volume 2019-2024
Table 113 NBO Company Shares of Off-trade RTD Tea: % Volume 2020-2024
Table 114 LBN Brand Shares of Off-trade RTD Tea: % Volume 2021-2024
Table 115 NBO Company Shares of Off-trade RTD Tea: % Value 2020-2024
Table 116 LBN Brand Shares of Off-trade RTD Tea: % Value 2021-2024
Table 117 Forecast Off-trade Sales of RTD Tea by Category: Volume 2024-2029
Table 118 Forecast Off-trade Sales of RTD Tea by Category: Value 2024-2029
Table 119 Forecast Off-trade Sales of RTD Tea by Category: % Volume Growth 2024-2029
Table 120 Forecast Off-trade Sales of RTD Tea by Category: % Value Growth 2024-2029
Energy Drinks in Peru
KEY DATA FINDINGS
Category maintains growth by attracting new consumers
TCCC launches low-cost brand Fury to compete with Volt
Market maintains innovations focused on flavour and formats
Canned format presents positive growth prospects for the future
Emerging channels will take on greater relevance for the category
High caffeine levels might be an issue to address by regulation
Table 121 Off-trade Sales of Energy Drinks: Volume 2019-2024
Table 122 Off-trade Sales of Energy Drinks: Value 2019-2024
Table 123 Off-trade Sales of Energy Drinks: % Volume Growth 2019-2024
Table 124 Off-trade Sales of Energy Drinks: % Value Growth 2019-2024
Table 125 NBO Company Shares of Off-trade Energy Drinks: % Volume 2020-2024
Table 126 LBN Brand Shares of Off-trade Energy Drinks: % Volume 2021-2024
Table 127 NBO Company Shares of Off-trade Energy Drinks: % Value 2020-2024
Table 128 LBN Brand Shares of Off-trade Energy Drinks: % Value 2021-2024
Table 129 Forecast Off-trade Sales of Energy Drinks: Volume 2024-2029
Table 130 Forecast Off-trade Sales of Energy Drinks: Value 2024-2029
Table 131 Forecast Off-trade Sales of Energy Drinks: % Volume Growth 2024-2029
Table 132 Forecast Off-trade Sales of Energy Drinks: % Value Growth 2024-2029
Sports Drinks in Peru
KEY DATA FINDINGS
Growing demand, although prices are falling due to competition
Innovation in flavours and formats fuels growth in consumption
Promotions continue to be widely used by competitors
Competitors focus on developing reduced sugar options
Other soft drinks pose a growing threat to sports drinks
Sports enthusiasts remain a captive audience
Table 133 Off-trade Sales of Sports Drinks: Volume 2019-2024
Table 134 Off-trade Sales of Sports Drinks: Value 2019-2024
Table 135 Off-trade Sales of Sports Drinks: % Volume Growth 2019-2024
Table 136 Off-trade Sales of Sports Drinks: % Value Growth 2019-2024
Table 137 NBO Company Shares of Off-trade Sports Drinks: % Volume 2020-2024
Table 138 LBN Brand Shares of Off-trade Sports Drinks: % Volume 2021-2024
Table 139 NBO Company Shares of Off-trade Sports Drinks: % Value 2020-2024
Table 140 LBN Brand Shares of Off-trade Sports Drinks: % Value 2021-2024
Table 141 Forecast Off-trade Sales of Sports Drinks: Volume 2024-2029
Table 142 Forecast Off-trade Sales of Sports Drinks: Value 2024-2029
Table 143 Forecast Off-trade Sales of Sports Drinks: % Volume Growth 2024-2029
Table 144 Forecast Off-trade Sales of Sports Drinks: % Value Growth 2024-2029
The following categories and subcategories are included:
Soft Drinks
-
-
- Carbonated Natural Mineral Bottled Water
- Carbonated Spring Bottled Water
- Carbonated Purified Bottled Water
-
- Still Flavoured Bottled Water
- Sparkling Flavoured Bottled Water
- Functional Bottled Water
-
- Still Natural Mineral Bottled Water
- Still Spring Bottled Water
- Still Purified Bottled Water
-
-
- Regular Carbonates
- Reduced Sugar Carbonates
-
- Regular Cola Carbonates
- Reduced Sugar Cola Carbonates
-
- Regular Non-Cola Carbonates
- Reduced Sugar Non-Cola Carbonates
-
- Regular Lemonade/Lime
- Reduced Sugar Lemonade/Lime
-
- Regular Tonic Water/Mixers/Other Bitters
- Reduced Sugar Tonic Water/Mixers/Other Bitters
-
- Regular Orange Carbonates
- Reduced Sugar Orange Carbonates
-
- Regular Other Non-Cola Carbonates
- Reduced Sugar Other Non-Cola Carbonates
-
- Liquid Concentrates
- Powder Concentrates
-
-
- Not from Concentrate 100% Juice
- Reconstituted 100% Juice
- Coconut and Other Plant Waters
- Juice Drinks (up to 24% Juice)
- Nectars
-
- RTD Coffee
-
- Carbonated RTD Tea and Kombucha
-
- Regular Still RTD Tea
- Reduced Sugar Still RTD Tea
-
- Regular Energy Drinks
- Reduced Sugar Energy Drinks
-
- 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 definitions
Share:
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Soft Drinks research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!