Core Viewpoint - IFBH Limited is a rapidly growing beverage and food company rooted in Thailand, leading the coconut water market in China and Hong Kong, with significant market shares and growth potential in the beverage sector [1][3][4]. Company Overview - IFBH Limited has been the market leader in the coconut water beverage sector in mainland China for five consecutive years since 2020, with a projected market share of approximately 34% in 2024, surpassing its second-largest competitor by more than seven times [1][3]. - The company was founded in 2013 and is known for its "if" brand, which pioneered the introduction of ready-to-drink natural coconut water to mainland China [3]. - In Hong Kong, IFBH Limited has maintained a leading position in the coconut water market for nine consecutive years since 2016, with an expected market share of around 60% in 2024 [3]. Market Potential - The ready-to-drink soft drink market in the Greater China region is projected to reach a market size of $138.4 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%, increasing to $194.7 billion by 2029 [3]. - Coconut water is identified as the fastest-growing segment within this market, expected to grow from $109.33 million in 2024 to $265.18 million by 2029, reflecting a CAGR of 19.4% [3]. Financial Performance - For the fiscal years 2023 and 2024, IFBH Limited is projected to achieve revenues of approximately $87.44 million and $157.65 million, respectively [4][5]. - The company anticipates net profits of $16.75 million in 2023 and $33.32 million in 2024, indicating a strong growth trajectory [4][5].