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Latest From Mainbayar Badarch
Family owned Tan Hiep Phat Beverages Group expects 30% growth as 2017 closes.
In recent years, key players in China’s RTD tea market have been losing market share.
Thailand’s juice producer Malee is now exporting juices to over 34 countries.
Kazakhstan’s beverage industry has been growing steadily over recent years, with an annual average growth rate of 3.6% in 2005-15, including 3.9% in 2015, according to the Committee on Statistics of the Republic of Kazakhstan.
Sales of carbonated soft drinks (CSDs) in the Philippines are expected to grow at 10.2% per year through to 2021. By that year, carbonated drinks will continue to rank second to fruit and vegetable juices in terms of overall sales of nearly PHP142.0 billion (USD2.8 bln).
Although Russia’s juice market is declining due to price increases and weakened purchasing power, it is expected to recover from next year.