Energy Drink Study (will give case study info) Essay

Energy Drink Study (will give case study info) - Essay showcaseIn the drunkennesss industry, marketing is an essential undertaking. Each firm tries as much as possible to piss product awareness, study consumers buying behaviors, and subsequently offer a competitive product in wrong of quality and prices. Market demands vary across antithetic consumers. In this regard, different products are offered by the different players in the beverage industry. Energy drinks, sports drinks, and vitamin-enhanced beverages have persistently become a central component of the beverage industry (Gamble 81). Carbonated soft drinks and fruit juices have had to deal with the immobile competition that has been realized with the toil of preference beverages.Firms that produce carbonated soft drinks and fruit juices have had to turn to the production of alternative beverages as competition in the industry exacerbates. Consumption of energy drinks, sports drinks, and vitamin-enhanced drinks have sign ificantly increased, leading to reduced usage of carbonated soft drinks and associate products. Major players in the beverage industry like Pepsi, Coca-Cola, and Red bullshit among others have pursued creativity, innovativeness, and technological advancement in the pursuit of producing alternative beverages that are highly demanded, consequently fetching huge revenues for these firms (Rhum 150).The alternative beverages have become quite lucrative, in many instances outperforming carbonated drinks and related products. A company like Coca-Cola that primarily dealt with carbonated drinks has also engaged in the production of alternative beverages due to the high price premiums and profitability associated with alternative beverages. With the competitive trend in the industry, marketing has had to be informed by responsible marketing practices. Pepsi, Coca-Cola, and Red Bull among others have dominated this business, resulting in stiff competition for a worldwide market share. Fai r competition has