Japanese multinational beverage firm, Kirin Holdings Co., has recently agreed to divest 40 per cent equity in China Resources Kirin Beverages – a joint venture company in China – to Plateau Consumer for $994 million.
Read More
The top five soft drink flavours for 2021
GlobalData, a data and analytics company, reported that the non-alcoholic drinks sector achieved a 0.9 per cent compound annual growth rate (CAGR) between 2015 and 2020. As a result of producers’ struggles in recent years, there have been global efforts to reduce calorie and sugar content and develop novel flavours to attract consumer attention.
Read More
Read More
GlobalData says Coca-Cola’s positive Q2 results mean step forward for soft drink manufacturers
Following Coca-Cola’s announcement that its Q2-2021 net revenues grew by 42 per cent globally for its beverage’s performance, data and analytics platform GlobalData says this is a step forward for beverage manufacturers to achieve pre-pandemic volumes.
Read More
Read More
Meal replacement trends in China
With obesity suggested and accepted to increase the risk of severe symptoms and complications of COVID-19, 44 per cent consumers in China are interested and actively buying food and beverage (F&B) specifically designed to support fitness/exercise. These health-conscious Chinese consumers are turning to the meal-replacement trend for combating weight management issues and availing proper nutrition, according to GlobalData, a data and analytics company.
Read More
Australian soup market to reach $588 million mark by 2024
The Australian soups sector is projected to grow from $509.9 million in 2019 to A$588 m in 2024 at a compound annual growth rate (CAGR) of 2.9 per cent, according to data analytics company GlobalData.
Read More