In 2023, Germany led the European soft drinks market with a turnover of 18.5 million Euros, followed by France and the United Kingdom with turnovers of 14.97 and 12.38 million Euros, respectively. Notable growth was seen in Belgium and Serbia, with year-on-year variations of 7.85% and 15.17%, while France and Iceland experienced declines of 4.14% and 2.94%, respectively. The compound annual growth rate reveals consistent performance over the past five years, despite some fluctuations, with Belgium and Serbia showing robust growth rates.
Future trends to monitor include the influence of health-conscious consumer behavior driving demand for low-sugar alternatives and the impact of sustainability efforts on packaging, which may alter market dynamics. Additionally, economic conditions and changes in consumer spending patterns across Europe will likely affect overall turnover in the soft drinks sector moving forward.
Top countries in Soft Drinks Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.5 | 2023 | +4.49% | +3.4% | View data |
| 2 | 2 France | 14.97 | 2023 | -4.16% | -4.14% | View data |
| 3 | 3 United Kingdom | 12.38 | 2023 | +1.32% | +1.25% | View data |
| 4 | 4 Austria | 10.28 | 2023 | +3.46% | +4.27% | View data |
| 5 | 5 Spain | 9.81 | 2023 | +3.17% | -1.81% | View data |
| 6 | 6 Italy | 9.75 | 2023 | +3.1% | +1.28% | View data |
| 7 | 7 Belgium | 4.81 | 2023 | +2.31% | +7.85% | View data |
| 8 | 8 Poland | 3.32 | 2023 | +0.47% | -0.47% | View data |
| 9 | 9 Romania | 2.62 | 2023 | +1.35% | +0.65% | View data |
| 10 | 10 Netherlands | 2.54 | 2023 | +0.028% | -0.18% | View data |
