The sales of soft drinks in non-store retailing in Canada reached 102.74 million Canadian dollars in 2023. From 2014 to 2015, sales experienced significant volatility with a notable drop of 25.71%. Recent years have shown a general downward trend with minor fluctuations. Over the last two years (2022 to 2023), the year-on-year variation was -1.83% each year. Over the past five years, the compound annual growth rate (CAGR) was -1.84%.
Looking forward, the forecast indicates a continued decline in sales, with a forecasted CAGR of -1.62% from 2024 to 2028, resulting in total forecasted growth of -7.86% over the next five years. Expected values drop from 100.63 million CAD in 2024 to 92.72 million CAD in 2028.
Future trends to watch for:
- Growing health consciousness among consumers, likely leading to a shift away from sugary soft drinks.
- Increasing competition from healthier beverage alternatives such as flavored water and plant-based drinks.
- The impact of digital marketing and e-commerce strategies on non-store retailing sales dynamics.
- Possible regulatory changes, such as sugar taxes, influencing consumer behavior and sales.
