Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 62

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 4
Chunk 62
---
2                                                    2023                                                    2024
​                               Chile       Brazil       Argentina       Paraguay       Chile       Brazil       Argentina       Paraguay       Chile       Brazil       Argentina       Paraguay
​                           ​                                                                                                                                                                 (%)
Coca-Cola soft drinks              64           62              59             75          65           63              60             75          65           64              58             74
Pepsi Bottler soft drinks          32           19              15              6          31           19              14              6          31           18              13              7
Other soft drinks                   4           19              25             19           4           18              26             19           4           18              29             20
Total                             100          100             100            100         100          100             100            100         100          100             100            100
Source: A.C. Nielsen.
Chile
Soft Drinks: the soft drink segment of the Chilean beverage industry is highly competitive. The most important areas of competition are product image, pricing, advertising, ability to deliver product in popular bottle sizes, distribution capacity, and the number of returnable bottles held by retailers or by consumers. Returnable bottles can be exchanged at the time of new purchases in lieu of paying a bottle deposit, thereby decreasing the purchase price. Our main competitor in the Chilean franchise territory is Embotelladora Chilenas Unidas (ECUSA), a subsidiary of Compañía Cervecerías Unidas S.A. (CCU), the largest brewer in Chile. ECUSA produces and distributes Pepsi-Cola products and its own soft drinks brands (e.g., Bilz and Pap). Based on reports by A.C. Nielsen, we estimate that in 2024, our average soft drink market share within our franchise territories was 64.6%.

40

Other beverages: our main competitor in the water market is CCU, which has its own brand (Cachantun y +Mas), where there is also competition from other low-priced brands (“B-Brands”). Our main competitors in the juice segment are the Watt’s-CCU joint venture, Córpora Tres Montes and three of the main milk producers in Chile: Soprole S.A., Nestlé Chile S.A. and Loncoleche. The market for fruit-fl