Coke and Pepsi Boycotts Propel Local Soda Brands in Muslim-Majority Countries
Sales of local beverages surge as consumers in regions like Egypt and Pakistan reject Western brands over geopolitical tensions.
- Local soda brands like V7 and Cola Next see significant sales increases amid boycotts of Coke and Pepsi.
- Boycotts are driven by associations of American brands with U.S. support for Israel in the Gaza conflict.
- Western beverage brands report a 7% decline in sales across the Middle East in the first half of the year.
- Coca-Cola and PepsiCo continue to invest in these markets despite current setbacks.
- Consumer loyalty may face long-term impacts due to ongoing boycotts and economic conditions.