Smartwater and Chinese brand Ice Water had joined Coca-Cola’s list of billion dollar products.
The Atlanta beverage giant said both brands hit 1 billion in annual retail sales in 2015, bringing the company’s billion-dollar product line up to 20.
“Ice Dew and smartwater’s climb to join our list of billion-dollar brands is a good indicator of even more growth ahead in the water/water ‘plus’ category,” John Hackett, Coke’s senior vice president for stills and juice said.
Smartwater was added to Coke’s line up in 2007 after the company acquired Vitaminwater maker Glaceau that year for $4.1 billion.
Ice Dew was launched in mainland China in 2001.
Other billion dollar beverages in Coke’s portfolio include regular Coke, Diet Coke, Sprite, Minute Maid, Vitaminwater and Dasani.
Coke said two popular drinks in Japan, I LOHAS and Ayataka, fell off its billion-dollar brand list last year because of the strength of the U.S. dollar versus the yen.
“Both brands continue to grow locally, but since The Coca-Cola Company converts all sales globally from local currency to U.S. dollars for the purpose of compiling this list, these two brands’ annual retail sales no longer surpass $1 billion given the yen’s decline in value,” the company said.
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