Philippines Soft Drinks Market 2024

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The Philippines soft drinks market is anticipated to witness significant growth, with an expected uptick of USD 7.4 billion, equating to a compound annual growth rate (CAGR) of about 9.9% in the coming years. The soft drinks market in the Philippines is driven by a growing population, urbanization, and rising disposable incomes. Consumers in urban areas are increasingly opting for carbonated beverages, bottled water, and fruit juices. Furthermore, as Filipino consumers become more health-conscious, there is growing demand for healthier alternatives, such as low-sugar drinks and functional beverages, including vitamin-enriched water and energy drinks. The country’s festive culture and strong preference for sweetened beverages also contribute to the continuing dominance of sugary sodas in the market.

This report presents a detailed overview of the Philippines soft drinks industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, type, packaging and distribution channel. This detailed analysis supports the identification of growth opportunities within the soft drinks industry.


Market Segmentation


The Philippines soft drinks market is structured as follows:
Product type: bottled water, carbonated soft drinks, concentrates, juices, RTD coffee, RTD tea, energy drinks, sports drinks
Type: regular, low- and no-sugar soft drinks
Packaging: flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, grocery stores, bars and HoReCa, others

The segmentation of the Philippines soft drinks market product type, type, packaging and distribution channel. By product type, the market is categorized into bottled water, carbonated soft drinks, concentrates, juices, RTD coffee, RTD tea, energy drinks, and sports drinks. Type segments encompass regular, and low- and no-sugar soft drinks. Packaging segments consist of flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, grocery stores, bars and HoReCa, and others.


Competitive Landscape


The soft drinks market remains highly competitive, with major players including Zest-O Corporation, Tropicana Brands Group Inc., TIRTA FRESINDO JAYA PT, The Coca-Cola Company, Primo Water Corporation, Philippine Spring Water Resources Inc. (PSWRI), PepsiCo Inc., JG Summit Holdings Inc., Del Monte Pacific Limited, Danone S.A. and Asia Brewery Incorporated.

The report provides a detailed assessment of prominent companies within the soft drinks market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.


Why Buy This Report?


Obtain precise statistical data and forecasts for the Philippines soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the Philippines soft drinks market: product type, type, packaging and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines soft drinks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.


Table of Contents


TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Philippines Soft Drinks Market – Product Type Analysis
Philippines Soft Drinks Market – Type Analysis
Philippines Soft Drinks Market – Packaging Analysis
Philippines Soft Drinks Market – Distribution Channel Analysis
Key Players and Market Share
– Zest-O Corporation
– Tropicana Brands Group, Inc.
– TIRTA FRESINDO JAYA, PT
– The Coca-Cola Company
– Primo Water Corporation
– Philippine Spring Water Resources, Inc. (PSWRI)
– PepsiCo, Inc.
– JG Summit Holdings, Inc.
– Del Monte Pacific Limited

Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Philippines Soft Drinks Market 2019-2029
Chart Philippines Soft Drinks Market, Net Growth, 2019-2029
Chart Philippines Soft Drinks Market, Growth Rates, 2019-2029
Table Philippines Soft Drinks Market by Product Type, 2019-2029
Chart Philippines Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Philippines Soft Drinks Market by Product Type, 2019-2029
Table Philippines Soft Drinks Market by Type, 2019-2029
Chart Philippines Soft Drinks Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Philippines Soft Drinks Market by Type, 2019-2029
Table Philippines Soft Drinks Market by Packaging, 2019-2029
Chart Philippines Soft Drinks Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Philippines Soft Drinks Market by Packaging, 2019-2029
Table Philippines Soft Drinks Market by Distribution Channel, 2019-2029
Chart Philippines Soft Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Philippines Soft Drinks Market by Distribution Channel, 2019-2029
Table Philippines Soft Drinks Market Share (%), by Companies, 2019-2023
Chart Philippines Soft Drinks Market, by Companies, 2023
Table Philippines Soft Drinks Market Share (%), by Brands, 2019-2023
Chart Philippines Soft Drinks Market, by Brands, 2023
Table Philippines – Population (Millions) and Forecast
Table Philippines – Consumer Price Index (CPI) and Forecast
Table Philippines – Gross Domestic Product and Forecast
Table Philippines Soft Drinks Market: Spend as a Proportion of GDP (%)
Table Philippines Soft Drinks Market: Consumption per Capita (Population)


Companies Mentioned


Zest-O Corporation
Tropicana Brands Group, Inc.
TIRTA FRESINDO JAYA, PT
The Coca-Cola Company
Primo Water Corporation
Philippine Spring Water Resources, Inc. (PSWRI)
PepsiCo, Inc.
JG Summit Holdings, Inc.
Del Monte Pacific Limited
Danone S.A.
Asia Brewery Incorporated


Product Type

Industry Statistics

Region

Asia Pacific

Published Date

2024

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