The Soft Drinks Segment in China registered a Market volume of 188,094.32 million litres in 2025
The indicator recorded a historical growth (CAGR) of 4.03% between 2022 to 2025, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
The market volume of the soft drinks market in China recorded a double-digit YoY growth in 2021
The Chinese soft drinks market registered strong growth during 2015-2019, followed by a sharp YoY decline in 2020, and a significant YoY growth in 2021.
Chinese consumers are increasingly choosing healthy drinks, which is driving the demand for low sugar drinks. This trend is encouraging soft drinks manufacturers to focus on product innovations such as adding functional benefits like vitamins and nutrients in drinks or trying to reduce sugar. Moreover, large population and rising disposable income of consumers also contributed to the growth of this market.
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks.
Five forces analysis
The soft drinks market will be analyzed taking manufacturers of soft drinks as players. The key buyers will be taken as distributors and retailers of soft drinks, and producers of packaging, soft drinks ingredients and other raw materials as the key suppliers.
On-trade outlets are the main distribution channel in the Chinese soft drink market. Hypermarkets & Supermarkets are also significant. Retailers are unlikely to be swayed by brand loyalty, but they will have to stock brands preferred by consumers. Buyer power in this market is driven up by low switching costs.
The threat of new entrants is moderate due to fair capital investments and the presence of well-established brands. It can be possible for a new entrant to achieve small-scale success stressing a unique production method or nutritional benefits.
Competitive landscape
The Chinese soft drinks market has experienced strong value growth and moderate volume growth in recent years. Coca-Cola is the leading player in the sector in value terms, while Zhejiang Nongfushanquan Water Co Ltd and Tingyi Holding Corp accounted for second and third largest value shares, respectively, in 2019. Moreover, Tingyi Holding's Kangshifu was the most valuable brand in 2019.
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