Tags: soda | sales | cola | year

US Soda Sales Drops for 12th Straight Year on Sugar Taxes

Image: US Soda Sales Drops for 12th Straight Year on Sugar Taxes
(DreamsTime)

Wednesday, 19 Apr 2017 03:19 PM

Sales of soda drinks decreased about 1.2 percent in the United States in 2016, falling for the 12th year in a row, a report by trade publication Beverage Digest showed, as demand was hit by consumer choosing healthier options and a slew of sugar taxes aimed at stemming obesity and diabetes.

The per capita consumption of soda drinks, including energy drinks, fell to about 642 8-ounce servings last year, the lowest level since 1985, when the Beverage Digest began tracking consumption trends, the publication said on Wednesday.

However, total sales dollars increased 2 percent to $80.6 billion as soft drink makers aggressively pushed smaller packs at higher prices per ounce, while lowering emphasis on large discounts packs, the Beverage Digest said.

Soda makers such as Coca-Cola Co and PepsiCo Inc have been relying on smaller pack sizes and premium packaging to drive margins in developed markets. They are also making more non-carbonated drinks as well as reformulating drinks to lower sugar levels and launch sugar-free versions.

These measures come amid a wave of sugar tax approvals in the United States and Europe.

The consumption of added sugar in foods and beverages has been linked to obesity and type 2 diabetes. The World Health Organization, the U.S. Food and Drug Administration and the American Heart Association have all recommended reducing consumption of soda as a way to cut down on added sugars. 

© 2017 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
Sales of soda drinks decreased about 1.2 percent in the United States in 2016, falling for the 12th year in a row, a report by trade publication Beverage Digest showed, as demand was hit by consumer choosing healthier options and a slew of sugar taxes.
soda, sales, cola, year
231
2017-19-19
Wednesday, 19 Apr 2017 03:19 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved