Latin America Carbonated Soft Drinks Market 2025

The Latin America carbonated soft drinks market is on track for incremental growth of USD 30.7 billion, corresponding to a CAGR of nearly 4.8% throughout the forecast period of 2025 to 2030. In Latin America, the carbonated soft drinks market benefits from the strong popularity of local and international soda brands, with a high level of consumer loyalty and preference for well-established names. Economic growth, particularly in countries like Brazil and Mexico, is helping drive disposable incomes, leading to increased spending on packaged beverages. Younger consumers in the region, drawn to global trends and new product offerings, are opting for flavor innovations, while the rise in modern retail formats makes it easier for consumers to access a wide variety of carbonated soft drinks. Additionally, cultural ties to soda consumption and the continued expansion of premium products are supporting market growth.

This report delivers a deep dive into the Latin America carbonated soft drinks market, combining historical performance data from 2020 to 2024 with forward-looking projections through 2030. It uncovers critical insights into market size, growth rates, and key trends, providing a clear view of the industry’s evolution. By breaking down the market across type, product type, packaging, distribution channel and country, the report identifies actionable opportunities for stakeholders to drive growth and outperform competitors.

Market Segmentation

The segmentation of the Latin America carbonated soft drinks market is outlined below:
Type: regular, low sugar/sugar free
Product type: cola carbonates, carbonated orange drinks, lemonade and lime, tonic water and mixers, others
Packaging: glass bottles, metal cans, plastic bottles
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and beverages stores, grocery stores, e-commerce, foodservice channels, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others

The Latin America market for carbonated soft drinks is divided based on type, product type, packaging, distribution channel and country. In terms of type, the market is segmented into regular, and low sugar/sugar free. Product type categories include cola carbonates, carbonated orange drinks, lemonade and lime, tonic water and mixers, and others. Packaging segments cover glass bottles, metal cans, and plastic bottles. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and beverages stores, grocery stores, e-commerce, foodservice channels, and others. Geographically, the market is segmented into Argentina, Brazil, Chile, Colombia, Mexico and others.

Competitive Landscape

Prominent companies operating within the market comprise The Coca-Cola Company, Somos Industrias San Miguel (ISM), REFRES NOW S.A., Pritty S.A., POSTOBON S.A., PepsiCo Inc., Heineken N.V., Fabrica De Bebidas Gaseosas Salvavidas S.A., Dr Pepper Snapple Group, Consorcio Aga S.A. de C.V., Compania Cervecerias Unidas S.A., AJE Group and AB InBev.

This report presents an extensive analysis of major entities in the carbonated soft drinks market, focusing on their performance from 2020 to 2024. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latin America carbonated soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the Latin America carbonated soft drinks market: type, product type, packaging, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latin America carbonated soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America carbonated soft drinks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latin America Carbonated Soft Drinks Market – Type Analysis
Latin America Carbonated Soft Drinks Market – Product Type Analysis
Latin America Carbonated Soft Drinks Market – Packaging Analysis
Latin America Carbonated Soft Drinks Market – Distribution Channel Analysis
Latin America Carbonated Soft Drinks Market – Country Analysis
Company Shares Analysis
The Coca-Cola Company
Somos Industrias San Miguel (ISM)
REFRES NOW S.A.
Pritty S.A.
POSTOBON S.A.
PepsiCo, Inc.
Heineken N.V.
Fabrica De Bebidas Gaseosas Salvavidas S.A.
Dr Pepper Snapple Group
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latin America Carbonated Soft Drinks Market 2020-2030
Chart Latin America Carbonated Soft Drinks Market, Net Growth, 2020-2030
Chart Latin America Carbonated Soft Drinks Market, Growth Rates, 2020-2030
Table Latin America Carbonated Soft Drinks Market by Type, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Type, CAGR Historic and Forecast, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Type, 2020-2030
Table Latin America Carbonated Soft Drinks Market by Product Type, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Product Type, 2020-2030
Table Latin America Carbonated Soft Drinks Market by Packaging, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Packaging, CAGR Historic and Forecast, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Packaging, 2020-2030
Table Latin America Carbonated Soft Drinks Market by Distribution Channel, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Distribution Channel, 2020-2030
Table Latin America Carbonated Soft Drinks Market by Country, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Latin America Carbonated Soft Drinks Market by Country, 2020-2030
Table Latin America Carbonated Soft Drinks Market Share (%), by Companies, 2020-2024
Chart Latin America Carbonated Soft Drinks Market, by Companies, 2024
Table Latin America Carbonated Soft Drinks Market Share (%), by Brands, 2020-2024
Chart Latin America Carbonated Soft Drinks Market, by Brands, 2024
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Carbonated Soft Drinks Market: Spend as a Proportion of GDP (%)
Table Latin America Carbonated Soft Drinks Market: Consumption per Capita (Population)

Companies Mentioned

The Coca-Cola Company
Somos Industrias San Miguel (ISM)
REFRES NOW S.A.
Pritty S.A.
POSTOBON S.A.
PepsiCo, Inc.
Heineken N.V.
Fabrica De Bebidas Gaseosas Salvavidas S.A.
Dr Pepper Snapple Group
Consorcio Aga, S.A. de C.V.
Compania Cervecerias Unidas S.A.
AJE Group
AB InBev