Bubbles O2 targets RM10 mln sales in domestic market in 2024
Bubbles O2 Sdn Bhd, the manufacturer of Bubbles O2 - a highly oxygenated natural mineral water product in Malaysia - aims for at least RM10 million in sales in the domestic market in 2024, as well as explore Asean and North American markets next year.
Managing director Ain Azizah Arifin said Bubbles O2 expects product sales in overseas markets – consisting of existing markets in Brunei and Dubai, as well as new markets – namely Indonesia, Thailand, and Singapore – to contribute 3-5 percent to the company’s revenue in 2024.
“We have been exporting to Brunei since last year and Dubai earlier this year. For the North
American market, we already have several partners there, as well as South America and Canada.
“The company has also successfully obtained US Food and Drug Administration (FDA) registration for the export of Bubbles O2 to the North American market. We expect to be in the market in January next year,” she told Bernama yesterday.
Therefore, Ain Azizah said the company aims to increase the contribution from the export segment to 25 percent within five years.
For 2023, Bubbles O2 has recorded an annual sales increase of 50 percent in the domestic market so far.
Business
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2023-09-06T07:00:00.0000000Z
2023-09-06T07:00:00.0000000Z
https://epaper.theborneopost.com/article/282175065695924
Borneo Post