5 Countries With The Highest Soda Consumption

3. Argentina  

Soda Consumption Per Capita (2017): 155 liters 

In Argentina, the annual per capita consumption of soft drinks reached approximately 155 liters in 2017, fueled by factors such as higher incomes and a warm climate, putting Argentina among the countries that consume the most soda. However, this elevated consumption has raised health concerns.

Looking ahead, the soft drinks segment in Argentina is expected to generate revenue of $3.97 billion in 2023. However, the market is anticipated to experience a negative annual growth rate (CAGR) of -4.09% from 2023 to 2027, presenting challenges for the industry. In 2019, Coca-Cola emerged as the leading brand in Argentina, followed closely by Manaos, reflecting its popularity among consumers.