Investor Relations

Asia Pacific

~3.3 Billion Consumers Across 37 Markets

~3.3 Billion Consumers Across 37 Markets

The Coca-Cola Company’s Asia Pacific segment features 37 markets, ~3.3 billion consumers, and an industry retail value of ~$475 billion.


~3.3 billion consumers

~$475 billion in industry retail value

~14% Reported NARTD value share

Organic Revenue Growth (Non-GAAP)

Comparable Currency Neutral Operating Income Growth (Non-GAAP)

Key Bottlers

Coca-Cola Bottlers Japan Holdings Inc.
Bottling Investments Group
Coca-Cola Europacific Partners

Developing a Brand Portfolio

Watch John Murphy, President and Chief Financial Officer and former president of the Asia Pacific segment, speak about developing a brand portfolio.

2022 Unit Case Volume by Operating Unit

2022 Unit Case Volume by Category

Value Share Position


Sparkling Soft Drinks


Juice, Valued-Added Dairy & Plant-Based Beverages


Water and Sports Beverages


Hot Beverages (Coffee and Tea)



2022 Highlights

  • Gained NARTD value share in Asia Pacific through enhanced execution and aligned system priorities as supply chain disruptions challenged our ability to obtain input materials for certain brands and categories during the year.
  • Even with varying levels of economic and COVID-related restrictions pressuring our business, our Greater China and Mongolia operating unit grew organic revenue and comparable currency neutral OI by high single for the full year.
  • In Japan and South Korea, we grew net revenue across all NARTD categories and channels while growing share and improving margins as a result of key pricing initiatives for the first time in decades.
  • In India and Southwest Asia, we drove meaningful double-digit volume growth by focusing on magic price points to retain consumers in the franchise while mitigating inflationary impact through a combination of pricing, mix and productivity.
  • In our ASEAN and South Pacific operating unit, we collected and recycled 1 out of every 3 bottles sold and completed the acquisition of certain brands from our bottling partners.

Quality Leadership in Action

Progressing on Ambitious Packaging Goals

The company continues to work toward addressing the challenges associated with packaging and creating a circular economy. For several years, we have been improving the availability of returnable glass bottles and other refillable options throughout the region, promoting affordability options while additionally minimizing the packaging impact we have on the planet. Additionally, many countries have launched label-less bottles to improve recyclability across key core brands, while others have continued to transition the packaging for portions of their broader portfolios to into recycled PET.

In order to support our efforts toward our 2030 packaging goals and to truly make an impact, we have built a broad spectrum of partnerships to help accelerate progress toward our 2030 packaging collection goal. For example, in India, the company partnered with the grocery delivery service Zepto for a “return and recycle” initiative for PET bottles. Consumers can opt to return four empty PET bottles, to be collected by Zepto riders in conjunction with other deliveries. This initiative establishes an organized process of PET bottle collection with full traceability to help ensure effective plastic waste management. And in the Philippines, the company is transitioning the existing PET packaging of some of its brands to 100% recycled PET, excluding caps and labels, utilizing new sources of recycled PET from the joint venture investment PETValue, the first bottle-to-bottle recycling facility in the country.