(Per Boardroom- Linkedin)
Sprite just pulled off a major upset in the soda wars—surpassing Pepsi in U.S. market share for the first time ever. Per 2024 data from Beverage Digest, Sprite now holds 8.03% of U.S. soft drink volume compared to Pepsi’s 7.97%, trailing only Coca-Cola and Dr Pepper.
The surge stems from a strategic brand refresh that taps nostalgia and Gen Z appeal. Sprite brought back its iconic ‘Obey Your Thirst’ campaign with NBA star Anthony Edwards and Sha’Carri Richardson, while product innovations like Sprite Chill generated $100M in year-one sales. Despite spending less on ads, Sprite is winning with cultural relevance and flavor-led experiences.
Pepsi has leaned into zero-sugar products to revive its momentum, but its core brand continues to slip. Meanwhile, Sprite is climbing—thanks to a youth-focused approach that blends sports, music, and bold taste into a lifestyle brand built for now.