Russian soft drinks maker targets 50% of market to fill gap left by Coke, Pepsi - News Summed Up

Russian soft drinks maker targets 50% of market to fill gap left by Coke, Pepsi


As the world's biggest soft drinks makers cut their Russian ties, local producer Chernogolovka is aiming for a 50% share of the country's near US$9 billion market, its boss told Reuters. "We were, are and will be the main Russian producer of drinks," Sakhnina said. "We hope and are working on gaining absolute leadership in the Russian market." Revenue in Russia's non-alcoholic drinks market totals US$8.8 billion, according to data provider Statista. Chernogolovka started supplying soft drinks to the Russian outlets of Burger King and KFC in April.


Source: Daily Nation August 03, 2022 20:19 UTC



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