Coca-Cola, Pepsi and Nongfu-spring still call the shots: together they'll add or swap out almost 400 k branded coolers this year, a 15 % jump on 2024.
Most of the lift is from new stores across emerging markets; the rest is retailers trading up to greener, smarter fridges at a 20 % premium.
Look for low-double-digit growth through 2026, but the lock-in deals that come with the kit will squeeze smaller drinks brands out of the cold zone.

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