The Market value (retail sales value) of Soft Drinks Industry in China attained a value of USD 126,218.10 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.04% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
China’s soft drinks market has been steadily growing since 2017 but reported a negative YoY growth in 2020.
Coca-Cola, Tingyi Holding Corp, Zhejiang Nongfushanquan Water Co Ltd, and PepsiCo were the top four largest players in the soft drinks market in 2020. The top four players held a significant market share in soft drinks market by value in China in 2020.
Kangshifu, Nongfushanquan, Coca-Cola, and Pepsi-Cola were the top four leading brands in China’s soft drinks market.
Soft Drinks contain different types of categories such as packaged water, bulk/hod water, flavored water, enhanced water, carbonates, juice, nectars, still drinks, squash/syrups, fruit powders, iced/rtd tea drinks, iced/rtd coffee drinks, sports drinks, and energy drinks.
Coca-Cola leads the way in China’s soft drinks market in 2020
Coca-Cola was the leading company in the soft drinks market in China in 2020. Coca-Cola, Sprite, Minute Maid, Ice Dew, and Fanta were the leading brands of Coca-Cola. The company reported a negligible YoY growth in 2020.
Tingyi Holding Corp ranked second in China’s soft drinks market
Tingyi Holding Corp held the second-largest share (by value) in the soft drinks market in China in 2020. Kangshifu was the sole leading brand of Tingyi Holding Corp. The company reported a high single-digit YoY growth in 2020.
The other leading market positions were held by Zhejiang Nongfushanquan Water Co Ltd and PepsiCo.
Zhejiang Nongfushanquan Water Co Ltd and PepsiCo held the third and fourth-largest market share in China’s soft drinks market.
Nongfushanquan, Scream, Shuirong C100, and Nongfuguoyuan were the top four leading brands under Zhejiang Nongfushanquan Water Co Ltd to capture a major market presence in China’s soft drinks market.
Pepsi-Cola, Mirinda, Aquafina, and 7-Up were the major brands of PepsiCo accounting for a major share in China’s soft drinks market.
Market Fragmentation: Only one player accounted for more than one-tenth of China’s soft drinks market (by value) in 2020
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