SPBT stays positive amid weak marketMr Somchai (left) and Charonchai Salyapong, SPBT's corporate affairs director, promote the company's carbonated soft drinks. Pitsinee JitpleecheepSuntory PepsiCo Beverage Thailand Co (SPBT), a drinks distributor, remains upbeat about its sales prospects despite a weak market overall for soft drinks in the first five months of the year. According to Nielsen, the carbonated soft drink industry in Thailand was estimated to be worth 56 billion baht in 2019, up 12% on the previous year. Mr Somchai said Thailand's carbonated soft drink market is expected to recover in the second half of the year with all businesses allowed to operate as usual. Thailand's soft drink market was worth 155 billion baht in 2019, an increase of 9% from the year before.

Source: Bangkok Post July 02, 2020 22:07 UTC