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Asia’s rising stars challenge soft drinks leaders

04 February 2014

The three largest global soft drinks brands continue to be Coca-Cola, Pepsi-Cola and Sprite, but Chinese brand Kangshifu (Tingyi Holding Corp) is not far behind according to the latest findings from Canadean.

The ranking of the top three soft drinks brands has remained unchanged over the last decade. However, behind these major international carbonates brands there is lots of movement led by the burgeoning Asia market. The key difference between these Asian products and Coca-Cola and PepsiCo’s brands is that they are mainly sold in just one country.

Unsurprisingly, China is the country that is seeing the biggest year on year increase of soft drinks sales, with some local brands seeing explosive growth over the last decade. Kangshifu, also known asMaster Kong, is now the fourth best-selling brand globally, behind Coca-Cola, Pepsi-Cola and Sprite. The brand has seen amazing growth in recent years, rising from below 30 ten years ago to fifth position five years ago. Over the last five years, sales of Kangshifu have risen by over 6,000 m litres with its iced tea drinks and packaged water products being particularly successful. Consumption of Kangshifu is now higher than the entire Russian soft drinks market.

Wahaha, Nongfushanquan and Uni-President are three other Chinese brands that have seen strong growth. Nongfushanquan has registered stunning growth over the last few years, growing 30% a year since 2008 and now ranks sixteenth in the top 20 global soft drinks line up. In its local market, Nongfushanquan is perceived as being a good quality product, with a strong brand image for its packaged water.

Uni-President is seeing robust growth year on year with its milk iced tea product currently very popular with younger consumers. Wahaha is also developing rapidly helped by the company’s strong distribution network; brand volume is now greater than the total UK carbonates market.

Nestlé Pure Life packaged water is another brand to watch. The major country for Nestlé Pure Life is still the US, where it heads up the packaged water market due to its affordable price and national availability. However, Nestlé Pure Life is also benefitting from the expansion of its coverage in emerging markets including China and Indonesia.

This information is based on the latest soft drinks data in Canadean’s online Wisdom Analytics databaseCanadean’s Soft Drinks service covers more than 80 countries.

 

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Asia’s rising stars challenge soft drinks leaders

Asia’s rising stars challenge soft drinks leaders

 Coca-Cola and Pepsi-Cola might be the biggest brands in the world in terms of volume (see figure 1), but in terms of growth, the Asian brands are way up there at the top, as seen in figure 2. Source: Canadean

 

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