The UK soft drinks market has seen notable fluctuations between 2012 and 2022. Initially, the market experienced consistent growth with a Compound Annual Growth Rate (CAGR) peaking at 6.43% in 2015. However, from 2016 to 2017, the market faced significant declines with noticeable rebounds in subsequent years. The CAGR over five years averaged 3.7% by 2022. Year-on-year growth rates varied, with a notable dip in 2016 (-13.67%) and 2020 (-5.62%). Despite this, the market managed to recover with moderate growth in 2021 (6.59%) and 2022 (1.22%), leading up to a market value of 9.9967 billion Euros in 2022.
Looking forward, future trends to watch for include innovations in health-conscious beverages, increased demand for sustainable packaging, and the integration of technology in supply chains. Growth in the next few years will likely be driven by consumer preferences for reduced-sugar options and environmentally friendly products.
How does the United Kingdom rank in Soft Drinks Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 10,830,000,000 | 2023 | +1.52% | +1.11% | View data |
| 2 | 2 United Kingdom | 10,115,000,000 | 2023 | +1.19% | +1.71% | |
| 3 | 3 Germany | 9,930,700,000 | 2023 | +0.92% | +0.63% | View data |
| 4 | 4 Spain | 8,337,900,000 | 2023 | -1.18% | -0.85% | View data |
| 5 | 5 Italy | 6,267,900,000 | 2023 | -0.13% | -1.01% | View data |
