The United States sells by far the most soft drinks of any country in the world. According to estimates by Statista Market Insights, revenue will hit $328 billion this year. In second place, and trailing a long way behind, comes China with $42 billion in expected sales this year, followed by the United Kingdom with $37 billion.
Nigeria ranks in fourth place with $33 billion worth of sales. The country represents a growth market for soft drinks: According to Statista forecasts, a market volume of $58.7 billion will be reached in 2027; this corresponds to annual sales growth of 15.78 percent (CAGR 2023-2027). Converted to the size of the population, this market will generate sales of around $147.05 per capita in 2023.
Further information and market analyses on non-alcoholic soft drinks can be found in the Statista Market Insights, which cover forecasts on topics ranging from consumer goods to technology.