How to Sell £8K More a Year Through Soft Drinks
We calculate that on-the-go soft drink occasions present a sales boost of £8,400 per year for each c-store operating in the UK today.
Reading time: 5 minutes
We calculate that on-the-go soft drink occasions present a sales boost of £8,400 per year for each c-store operating in the UK today.
Reading time: 5 minutes
Soft drinks have always been important for the convenience channel, but last year in particular, sales surged, with soft drinks featuring in nearly one in four (22.9%) c-store shopping baskets.[1] In 2022, soft drinks put an extra £347.4m through the tills of c-store operators[2] - more than the combined growth of beer, wine, spirits, confectionery, crisps, snacks, and nuts[3].
We recently released our Soft Drinks Review 2023, in which we uncovered growing demand for soft drinks consumed on-the-go, highlighting the opportunity to make more money from soft drinks.
We calculate that on-the-go soft drink occasions present a sales boost of £8,400 per year[4] for each c-store[5] operating in the UK today[6]. Within our Soft Drinks Review 2023, we’ve identified five key drivers[7] to help you tap into the opportunity on-the-go formats present.
When the right range is on offer, the opportunity soft drinks is creating is hard to ignore. Energy drinks and cola are flying high, and we’ve also seen that adding interesting, limited-edition flavours into the mix can pay off in driving impulse sales when it comes to on-the-go formats. There is plenty of opportunity for the taking, and we’ve identified five key drivers to help maximise your soft drinks sales when it comes to on-the-go formats:
[1] Lumina Intelligence Convenience Tracking Programme, 52WE 09/01/2022 and 52WE 08/01/2023
[2] IRI | Convenience Channel | Total Soft Drinks Britvic Defined | Absolute value growth || 52WE 01/01/2023 vs YA
[3] NielsenIQ RMS, Bigger Picture Report, Total Impulse, Value Growth YoY, 52we31/12/2022 vs YA
[4]Britvic IC Category Vision January 2023. Impulse size of prize based on Nielsen MAT 2022 Impulse share of soft drinks (40%) multiplied by Britvic market opportunity. Impulse size of prize per store calculated by dividing by Lumina 2022 estimated number of impulse outlets 47,861
[5] Britvic defines convenience stores as all independent, symbol group, CNT, petrol forecourt, travel retail and multiple grocer-owned c-stores in the UK
[6] ACS - The 2022 Local Shop Report, September 2022, https://www.acs.org.uk/research/local-shop-report
[7] Britvic IC Category Vision January 2023. Impulse size of prize based on NielsenIQ RMS, MAT 2022, Impulse share of soft drinks (40%) multiplied by market opportunity. Impulse size of prize per store calculated by dividing by Lumina 2022 estimated number of impulse outlets 47,861
[8] Pew Research Centre, Defining generations: Where Millennials end and Generation Z begins, 17/01/2019 https://www.pewresearch.org/fact-tank/2019/01/17/wheremillennials-end-and-generation-z-begins/
[9] Mintel, UK Lifestyles of Generation Z Market Report 2023, https://store.mintel.com/report/uk-lifestyles-of-generation-z-market-report#:~:text=How%20many%20Gen%20
[10] Kantar Worldpanel, Usage, Total Soft Drinks Occasions, 52w 07/08/2022
[11] Kantar Worldpanel Online, Usage IH/CO Occasions, 52 w/e 07/08/2022 vs. 2019
[12] IRI, Convenience, Soft Drinks Value, 52wks To 01/01/2023 vs. YA
[13] Kantar, OOH Panel, Stimulants, Penetration 52w/e 19/03/2023
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