Market Share of Beverages Industry
The market is highly competitive, with key players operating, such as Nestlé S.A., Anheuser-Busch InBev, Heineken N.V., PepsiCo, Inc., and The Coca-Cola Company. Various active companies in the market have adopted product innovation as a strategy due to changing consumer preferences worldwide. The primary focus of the companies is to offer products with different flavors and added functionalities, thereby catering to consumer preferences efficiently. For instance, in September 2022, Gatorade, a PepsiCo brand, launched a caffeinated energy drink, "Fast Switch," for athletes. The product is a cross between an energy drink and a sports drink. The product is non-carbonated, contains no sugar, and does not include any artificial colors or flavors.
Beverage Market Leaders
-
Nestlé S.A.
-
PepsiCo, Inc.
-
Anheuser-Busch InBev
-
Heineken N.V.
-
The Coca-Cola Company
*Disclaimer: Major Players sorted in no particular order
