Chinese Carbonated Beverage Market to Grow through 2020, States ASKCI Consulting in Its New Report Recently Uploaded at MarketPublishers.com
21 Dec 2016 • by Natalie Aster
LONDON – Nowadays, the Chinese market for carbonated beverages includes over 175 manufacturers. Total assets of the country’s carbonated beverages market reached CNY 48 billion in the past year, registering 10.32% y-o-y growth. The accumulated sales amounted to CNY 82.4 billion, enjoying 2.7% y-o-y growth. Meantime, the aggregated profit of the Chinese carbonated beverages industry hit the CNY 5 billion mark in the year 2015, registering y-o-y growth of almost 26%.
As of 2015, companies active in the Chinese carbonated beverage market launched a range of new products with the aim to increase exposure to potential consumers and gain the competitive edge in the market. Numerous launches have resulted in the intensified competition in the country’s soft drinks market, and now companies have to find new ways to attract consumers’ attention.
Through 2020, the output of the Chinese carbonated beverages industry is expected to outstrip 23 billion tonnes. Meantime, sales growth will likely reach 1.5%. The sales volume of carbonated beverages in China is likely to exceed 14.5 liters (in terms of volume) and CNY 10.4 billion (in terms of value) by 2020.
Cutting-edge research report “Development and Market of Carbonated Beverage in China 2016-2021 Proposal” prepared by ASKCI Consulting provides an all-encompassing analysis of the Chinese carbonated beverage market landscape. The report offers vital information on the important market performance aspects, uncovers updated statistics and vital financial details, explores supply/demand dynamics, investigates the major market segments, highlights price fluctuation. Moreover, top opportunities as well as challenges are identified in the report along with data on situation across different regions, key market competitors and their activities. Additionally, the report gives access to reliable info on the market dynamics, major market growth drivers, investment opportunities, emerging trends and future forecasts.
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