Carbonates in Guatemala
Carbonates in Guatemala
Carbonates in Guatemala
Euromonitor International
December 2020
CARBONATES IN GUATEMALA Passport i
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CARBONATES IN GUATEMALA Passport ii
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CARBONATES IN GUATEMALA Passport 1
CARBONATES IN GUATEMALA
KEY DATA FINDINGS
▪ Carbonates continues to see positive growth in 2020, thanks to ongoing popularity with
Guatemalan consumers
▪ Carbonates records 5% off-trade value growth and 2% off-trade volume growth in 2020, to
reach GTQ11.1 billion and 1.2 billion litres
▪ On-trade volume of carbonates declines 42% in 2020, due to foodservice closures as a result
of COVID-19, to reach 202 million litres
▪ Pepsicola Interamericana de Guatemala SA maintains small lead over Coca-Cola de
Guatemala SA in carbonates in 2020, with 32% company off-trade value share
▪ Carbonates is expected to record 6% off-trade value CAGR (2% constant 2020 off-trade value
CAGR) and 3% off-trade volume CAGR over the forecast period, to reach GTQ15.1 billion
and 1.4 billion litres in 2025
2020 IMPACT
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CARBONATES IN GUATEMALA Passport 2
Pepsi maintains its small lead on Coca-Cola, with both players active in
charitable efforts in the country
Pepsicola Interamericana de Guatemala SA maintains a small lead over Coca-Cola de
Guatemala SA in carbonates in 2020, with both players gaining shares in 2020 and with no
notable competition from the other (very few) players in the category. Both global giants have
leveraged their distribution strengths in 2020, in order to maintain positions at points of sale,
including increasing support to small retailers and communities. Both players are already active
in charitable work in the country. PepsiCo is active in campaigns and charity drives regarding
nutrition and food supplies and, in direct response to COVID-19, the company has invested
USD60 million globally, along with raising an addition USD59 million from other donors, to bring
food and other vital resources to the most affected communities. As part of this global effort, the
company is providing funding for protective gear for healthcare workers, testing and screening
services, and is in the process of distributing more than 100 million nutritious meals to at-risk
populations. Guatemala is on the list of beneficiaries for these efforts. Coca-Cola is already well-
known for its commitments to protect the land rights of farmers and communities in the world’s
top sugarcane producing regions, including in Guatemala, where the company also addresses
child labour and forced labour issues.
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CARBONATES IN GUATEMALA Passport 3
with alcoholic drinks in bars and nightclubs. Therefore, as consumers return to foodservice
channels, this will once again stimulate carbonates in on-trade, both in large quantities to be
used as mixers for alcohol, along with single serve packs for consumers on the go, or to
accompany lunch.
CATEGORY DATA
Table 1 Off-trade vs On-trade Sales of Carbonates: Volume 2015-2020
million litres
2015 2016 2017 2018 2019 2020
GTQ million
2015 2016 2017 2018 2019 2020
% volume growth
2019/20 2015-20 CAGR 2015/20 Total
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million litres
2015 2016 2017 2018 2019 2020
GTQ million
2015 2016 2017 2018 2019 2020
% volume growth
2019/20 2015-20 CAGR 2015/20 Total
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CARBONATES IN GUATEMALA Passport 5
million litres
2015 2016 2017 2018 2019 2020
% off-trade volume
Company 2016 2017 2018 2019 2020
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Embotelladora San - - - - -
Bernardino SA
Wal-Mart Centroamérica SA - - - - -
Others 23.4 23.6 23.1 22.7 19.4
Total 100.0 100.0 100.0 100.0 100.0
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
% off-trade volume
Brand (GBO) Company (NBO) 2017 2018 2019 2020
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Guatemala SA
Fanta (Coca-Cola Coca-Cola de Guatemala SA 2.5 2.4 2.5 2.6
Co, The)
Grapette (PepsiCo Pepsicola 2.2 2.2 2.2 2.2
Inc) Interamericana de
Guatemala SA
Sprite (Coca-Cola Coca-Cola de Guatemala SA 1.3 1.3 1.3 1.4
Co, The)
Coca-Cola Zero Coca-Cola de Guatemala SA 1.1 1.1 1.2 1.3
Sugar (Coca-Cola
Co, The)
Rica Fábrica de Bebidas 1.0 1.1 1.0 1.0
Gaseosas Salvavidas SA
Tiky Fábrica de Bebidas 1.0 1.0 1.0 1.0
Gaseosas Salvavidas SA
Carnaval Soda Fábrica de Bebidas 0.9 0.9 0.9 0.9
Gaseosas Salvavidas SA
Crush (Keurig Dr Coca-Cola de Guatemala SA - 0.7 0.7 0.7
Pepper Inc)
Super Lime Lemon Fábrica de Bebidas 0.6 0.6 0.6 0.6
Gaseosas Salvavidas SA
Super Cola Light Fábrica de Bebidas 0.5 0.5 0.5 0.5
Gaseosas Salvavidas SA
Lift (Coca-Cola Co, Coca-Cola de Guatemala SA 0.2 0.2 0.2 0.2
The)
Canada Dry (Coca- Coca-Cola de Guatemala SA 0.1 0.1 0.1 0.1
Cola Co, The)
Crush (Dr Pepper Coca-Cola de Guatemala SA 0.7 - - -
Snapple Group Inc)
Delaware Punch Embotelladora San - - - -
(Coca-Cola Co, The) Bernardino SA
Nesbitts (Monarch Embotelladora San - - - -
Beverage Co, The) Bernardino SA
RC Cola (Cott Corp) Embotelladora San - - - -
Bernardino SA
Sabemas (Private Wal-Mart Centroamérica SA - - - -
Label)
Others Others 25.5 25.1 23.9 20.3
Total Total 100.0 100.0 100.0 100.0
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
million litres
2020 2021 2022 2023 2024 2025
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GTQ million
2020 2021 2022 2023 2024 2025
% volume growth
2020/21 2020-25 CAGR 2020/25 Total
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million litres
2020 2021 2022 2023 2024 2025
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