South America Soft Drinks

Carbonates in Bolivia remains resilient, supported by the popularity of returnable bottles and small, on-the-go PET formats. Prolonged heat waves are driving strong demand for lemonade/lime, with brands like Sprite and 7UP becoming more visible in retailers’ chilled cabinets. However, affordability ...

The front of pack labelling law in Argentina has increased transparency around sugar, sodium, and fat content, driving strong consumer demand for low sugar and no sugar soft drinks. In 2024, leading beverage companies, including Coca-Cola, PepsiCo, and Mondelez, responded with reformulations, low an ...

The concentrates category in Peru entered 2025 with a structural decline, driven primarily by changing consumption habits and the growing appeal of competing soft drink categories that better align with current health, convenience, and lifestyle trends. Consumers are increasingly shifting toward bev ...

In 2025, the carbonates category in Peru operated within a landscape defined by affordability pressures, regulatory scrutiny, and an evolving consumer search for healthier alternatives. Although the year began on a weaker footing compared to the strong comparative base of 2024, consumer demand progr ...

The soft drinks market in Peru entered 2025 with renewed dynamism, supported by a more stable macroeconomic environment that helped restore consumer confidence. Moderating inflation, gradual recovery in formal employment, and improved expectations for household spending created a more favourable bac ...

In 2025, carbonates faced a challenging environment as demand normalised after the heat-driven spike of 2024 and legislative pressures intensified. Cooler and rainier conditions reduced the number of typical “refreshment” occasions compared to the prior year, when temperatures above 40°C in some reg ...

Soft drinks in Colombia faced a challenging operating environment in 2025 as macroeconomic volatility, climate variability, and legislative pressures shaped consumption patterns. While the economy is projected to grow by 2.6%, consumption behaviour remained cautious due to persistently high inflatio ...

In 2025, concentrates in Colombia continued to face a challenging environment marked by declining demand and limited innovation. Powder concentrates – by far the dominant format – were strongly affected by ongoing economic pressures on low-income households, who historically represent the core consu ...

Soft drinks in Brazil showed resilience amidst macroeconomic challenges and inflationary pressure, with further total volume sales growth projected over 2025. In periods of economic uncertainty or turmoil, soft drinks tend to perform well as products in some categories are deemed as accessible and a ...

The economic situation and developments continued to impact the performance of soft drinks in Chile at the end of the review period. The World Bank raised the growth projection for GDP in Chile for 2025, according to the monetary policy report of October 2025. Domestic demand is on the rise in 2025, ...

Concentrates in Chile is projected to continue to see only a marginal increase in off-trade RTD volume sales over 2025. Meanwhile, off-trade current value sales of concentrates in Chile are projected to decrease over 2025, albeit following fast increases in the previous two years. The stagnation in ...

Concentrates in Brazil continued to struggle to grow demand at the end of the review period. Off-trade RTD volume sales of liquid concentrates and powder concentrates are projected to see strong, and faster, decreases over 2025. Meanwhile, underpinned by inflationary pressure on prices, off-trade va ...

Carbonates in Brazil remained one of the most resilient categories in soft drinks, with slower, but further strong off-trade volume growth and fast on-trade current value growth projected over 2025. In periods of economic crisis and uncertainty, carbonates tends to perform positively in Brazil, as t ...

Carbonates in Chile has struggled amidst tough economic conditions and a growing health trend. This has seen consumers move to lower-priced and/or perceived healthier products. Within carbonates, this is seeing reduced sugar variants outpace regular ones in off-trade volume growth terms. Nonetheless ...

Following a severe volume decline in 2024 due to an economic downturn and high inflation, soft drinks in Argentina experienced a moderate rebound in 2025, driven by GDP growth, moderating inflation, and aggressive discounting. However, consumers remained highly price-sensitive, boosting demand for p ...

Carbonates in Argentina achieved double-digit current value growth in 2025, largely propelled by inflation-driven price increases, with off-trade demand showing only a marginal recovery after a 2024 decline. Consumers increasingly sought ""smart affordability"", favouring returnable multi-serve bott ...

Following 2024’s decline due to economic instability and high inflation, concentrates, driven by the powder format, continued to struggle in 2025 as price increases eroded their traditional value. Conversely, liquid concentrates emerged as the strongest performer, benefiting from consumers trading d ...

After seeing declining sales due to the pandemic in 2020, Latin America enjoyed three years of solid growth until 2024, when the increase in sales dipped at a regional level, negatively impacted by the shrinking of the Argentinian market due to the tough economic climate in this country. However, po ...

Colombia Flavored Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Colombia Flavored Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Flavored Water market in Colombia. Flavored Water: Packaged water that has ...

Brazil Carbonates (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Brazil Carbonates (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Carbonates market in Brazil. Carbonates: Sweetened, non-alcoholic drinks containing ca ...

Peru Flavored Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Peru Flavored Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Flavored Water market in Peru. Flavored Water: Packaged water that has been flavor ...

Brazil Packaged Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Brazil Packaged Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Packaged Water market in Brazil. Packaged Water: All potable water, including ...

Argentina Flavored Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Argentina Flavored Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Flavored Water market in Argentina. Flavored Water: Packaged water that ...

Colombia Packaged Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Colombia Packaged Water (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Packaged Water market in Colombia. Packaged Water: All potable water, incl ...

Chile Carbonates (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 Summary Chile Carbonates (Soft drinks) Market Size, Growth and Forecast Analytics, 2023-2028 is a broad level market review of Carbonates market in Chile. Carbonates: Sweetened, non-alcoholic drinks containing carbo ...