Coca-cola chinaCoca-Cola (KO) reported strong second quarter results, with growth coming from emerging markets like China and Russia. China growth was led by 23% growth in sparkling beverages, and 36% growth in Minute Maid Pulpy. Chinese Beverage MarketAccording to the market research company Euromonitor International, sales of soft drinks, including soda, juices and bottled water, almost doubled to $42 billion in China between 2006 and 2010. The same report indicated that China's juice market alone should more than double to roughly $24 billion by 2015. Tingyi, a well-known Chinese consumer company, claimed 13% market share with its leading drink, Master Kong, while the Hangzhou-based Wahaha Group had a 7% share.

Source: Daily Nation May 04, 2024 00:53 UTC