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Ms. Nooyi pointed out that the North American beverage category is valued at more than $100 billion, and PepsiCo believes the category can sustain volume growth of about 1% to 2%, in line with population growth, once the recession is over. “Believe me, there are not too many consumer categories where expected volume growth alone would add $1 to $2 billion a year in category revenues,” she said..
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