Volume sales of carbonates will continue to expand during the five years to 2028, supported by improved economic conditions, which will allow consumers to spend more money on perceived non-essential products,. With a high proportion of sales stemming from small local grocers, retail will be the key driver of growth, with on-trade demand not expected to reach its pre-pandemic level by the end of the forecast period.
Health and wellness concerns will continue to shape the market for carbonates over the forecast period. With diabetes considered to be one of the top causes of death in the Philippines, the widening availability of reduced sugar cola carbonates and reduced sugar non-cola carbonates will expand consumption of sugar-free drinks.
Coca-Cola Philippines, Inc was the dominate player in carbonates in 2023, thanks its unmatched efforts in terms of marketing and distribution. The company not only benefits from widespread product availability in traditional retailers but has also built strong ties with on-trade establishments.
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Understand the latest market trends and future growth opportunities for the Carbonates industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Carbonates industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Carbonates
Sweetened, non-alcoholic drinks containing carbon dioxide are included here. All carbonated products containing fruit juice (“sparkling juices”) are included here, unless they are tea-based (these are included in carbonated RTD tea) or carbonated Energy drinks, which are included in Energy Drinks. Carbonated bottled water is also excluded. Carbonates are an aggregation of cola carbonates and non-cola carbonates, whether regular or low calorie. Euromonitor International includes both naturally and artificially-sweetened carbonates.
See All of Our DefinitionsThis report originates from Passport, our Carbonates research and analysis database.
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