Energy drink case Research Paper Example | Topics and Well Written Essays - 1750 words

Energy drink slip of paper - Research Paper ExampleIt is, therefore, feasible to posit that commercialize positioning of substitute(a) beverages is largely capable on product differentiation. Just like in deed of carbonated drinks, principal sellers in substitute(a) soft drinks industry are globally renowned beverage manufacturers like PepsiCo and Coca-Cola (Barr & Hajela, 2013). This is ascribable to the fact that the cardinal companies already had strong brands in the beverage industry before venturing into the provision of alternative beverages. Nonetheless, other beverage manufacturers like Hansen Natural Corporation, which produces Monster Energy and Red Bull GmbH, have succeeded in building recognised brands, while gaining a considerable share of the potent alternative beverage industry. Even though the latter(prenominal) industry was projected to sustain the steady growth observed previously, it suffered a setback following the 2008 financial recession. Unfavorable ec onomic conditions impeded consumers buying force thus resulting in a significant adjust in sales, particularly those of highly-priced alternative beverages. All the same, industry analysts foresee improvement in sales of alternative soft drinks with time, as carbonated drinks consumers progressively shift their preference towards the relatively new beverage category. Competing companies in this industry can only increase their chances of success depending on their readiness to match volatility of consumer trends, capacity to build brand loyalty, willingness to adopt innovation, and ability to increase distribution and marketing channels, among other distinctive strategies. planetary beverage organizations like PepsiCo and Coca-Cola are focusing on reversing the major decline of carbonated by venturing into production of alternative beverages. These organizations have expanded their market presence by introducing vitamin drinks, sports drinks, and energy drinks in the international market (Esterl, 2013). Additionally,