Exports of bottled water from Greece to China jumped a record in 2020

Published 2021년 8월 18일

Tridge summary

The Chinese market for bottled mineral water is valued at over $48.6 billion and is growing at a double-digit rate, making it the favorite drink of Chinese consumers. The market share of bottled water is higher than that of tea and coffee combined. Greece has successfully exported bottled water to China, which saw a 1255% growth in 2020. However, local Greek brands have a weak presence in the Chinese market compared to industry giants like Coca-Cola and Nestle. The market is dominated by local brands such as Nongfu Spring, China Resources Beverage, Ganten, and Master Kong, which together had a combined market share of over 66% by 2018.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It can be said that the favorite drink of Chinese consumers is nothing but ... bottled mineral water. With a population of nearly 1.4 billion people, the market is worth more than $ 48.6 billion and is growing at double-digit rates each year - an average of 12.5%, according to data cited by the Direct China Chamber of Commerce. To date, the market share of bottled water in China exceeds that of popular beverages such as tea and coffee combined - 29 percent for water and 23 percent for the two hot drinks together. The potential of this segment in China is huge, given that tap water there is not suitable for drinking. Greece is one of the countries that has managed to take advantage of the great opportunities for exporting bottled water to the Asian country. According to the data of the Consulate General of Greece in Shanghai, the export of such from our southern neighbor to China has grown by a record 1255% last year, writes Kathimerini. Although the percentage increase looks ...
Source: Money

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