The Drinks segment in Australia registered Market value of USD 24,760.71 Millions in 2023
The indicator recorded a historical growth (CAGR) of 1.57% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Drinks industry in Australia
Hot drinks in Australia
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee (including ground coffee pods) and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks.
The Australian hot drinks market registered strong growth during the review period (2016-2021). The growth of the market is expected to decelerate over the forecast period (2020-2026).
Rising employment levels have driven up caffeination which is primarily driving the growth of hot drinks. At the same time, increasing discretionary spending power has fueled the appetite for indulgence among consumers as well as a desire for novel experiences, which in turn has driven premiumization and sophistication.
Soft drinks in Australia
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. The total market volume for soft drinks market excludes powder concentrates, which are included in the market value.
The Australian soft drinks market registered a weak growth during the review period (2016-2021). The growth of the market is expected to accelerate over the forecast period (2019-2026).
Australian consumers were increasingly inclined to choose beverages such as energy drinks and fruit juices over soft drinks during the review period.
Category segmentation
Hot coffee is the largest segment of the hot drinks market in Australia, accounting for the largest share of the market's total value.
The Hot tea segment accounts for the second-largest share of the market.
Carbonates are the largest segment of the soft drinks market in Australia, accounting for the largest share of the market's total value.
The Packaged water segment accounts for a further second-largest share of the market.
Who are the leading players in the Australian hot drinks market?
Who are the leading players in the Australian soft drinks market?
United States of America
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United States of America
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Germany
China
United States of America
United States of America
United States of America
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