An Insight Into The Soft Drinks Industry
Posted December 19, 2012on:
It was in the year 1798 that the term soda water was first invented. Soft drinks have come a long way from that of carbonated water to what we see in the market now i.e Coco Cola, Diet Soda, Pepsi, Mountain Dew, Sprite, Fanta, Dr Pepper etc. There are various flavored soft drinks as well such as strawberry, orange, vanilla, lemon, cherry, grape etc.
Consuming soft drinks during events is a common acceptance, be it a birthday party, school function, corporate event etc. It is seen that the demand is maximum during summer months wherein the intake arrive at levels. In the non addict section carbonated beverages are the second most absorbed beverages after water.
The utilization of soft drinks has increased by $ 137 billion since the year 2008 and by the year 2015 the soft drink industry is expected to be worth $ 309 billion. Despite the economic downturn the demand for carbonated beverages have not bogged down down. At present US is the greatest market for carbonated beverages but it is soon expected that Japan defeat itself to the number one place due to the rise in the sales. Currently the competitors in the market are heating up due to the different and numerous manufacturers in this market but leading the competitors is Coke and cola. Customer flavor performs an important role in this section and due to the ever changing needs of the customer the producers have to figure out ways to keep up with it. Another part is the cost change, it is seen that with the fall in prices the demand for soft drinks have increased.
Soft drinks more or less do not contain alcohol but the highest amount permitted is 0.5 percent.
The most difficult clients are the health conscious audience who prefer to avoid soft drinks beverages due to its sugar contents and other element which tend to be very harmful for the human body. A significant debate around this section is the biggest way to kill pests content found in both Coke and cola in Indian. The issue had such strong effect that some declares desired to ban the selling of such beverages but due to Govt disapproval these actions were not performed. Instead the producers launched ads revealing the safe intake of such beverages. Presently the PepsiCo and Coco Cola are seeking the rural sector which is still being under penetrated for the purpose of increasing their presence.
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