Global Beverage Market Landscape with Consumer Trends, Diversification, and Strategies - ResearchAndMarkets.com

·5 min read

DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Consumer Trends, Diversification, and Strategies in the Global Beverage Industry" report has been added to ResearchAndMarkets.com's offering.

This report explores the perceptions and behaviors of beverage consumers in the newly disrupted, increasingly health-oriented world, as well as the various responses from multinational beverage companies and disruptive brands.

The market landscape for beverages is being reshaped by a myriad of factors, including extreme swings from portfolio diversification to prioritization, shifts in global operational strategies, and technological advancements.

This report identifies trends, analyzes specific functional beverage products, highlights what top beverage industry executives are saying about these trends and their internal approaches, and outlines best practices for the global beverage industry. It is intended to serve as a powerful strategic document for an industry during a time of extreme change.

Product diversification sometimes serves as a risk-reduction strategy, enabling a level of success in emerging, high growth areas that reduces the impact of all the inevitable disappointments and failures. As the proverb goes, don't put all your eggs in one basket. Some multinationals in the consumer packaged goods industry have even resolved to churn a specific percentage of their portfolio annually, as a matter of principle.

This report provides an opportunity for beverage companies to benchmark their strategies against the rest of the industry.

The report addresses specific, competitive, operational questions such as:

  • How are multinational beverage companies "curating" or "churning" their product portfolios to account for changing tastes, health interests, on-premise and digital habits, and COVID-19 infection rates with corresponding public restrictions or reactions?

  • How does their massive global scale positively and negatively affect business resilience, compared with emerging brands?

  • How does global success inform regional or "lift-and-shift" strategies? How might established global bottling partnerships distract from a more focused, sustainable pursuit of consumer segments who are transacting within dynamic environments and developing channel-specific preferences?

  • How might a preoccupation with channels, trends, and internally competitive products ultimately distract from more fundamental, generational changes?

  • In spite of all the disruption, how might retail distribution still act as a discovery tool or legitimizer for a new brand or category? How have emerging brands managed to disprove widely-held investor and industry beliefs by experiencing significant D2C sales?

  • Why are clean and minimalist brand designs especially popular with digitally native vertical brands and their corporate imitators?

  • How can beverage companies improve the quality of their decision-making through an acknowledgement of uncertainties, corresponding methodologies, deliberate fostering of creativity, effective coordination/reorganization, and diversity/inclusion? How can they arm their workforce with tools and resources such as data analytics, market research, a decision matrix, and even historical context?

  • How are multinational beverage companies managing investor perceptions and capturing their share of high growth in fad-like health categories through a pattern of acquisitions, rapid scaling, divestitures, and restructurings? How have expedited timelines, less definitive forecasts, and logistical adaptations become more prominent aspects of that pattern?

  • What internal corporate culture shifts, and external societal effects, might result from the beverage industry's tendency toward mergers and acquisitions? How might cultural shifts impact the key assets, such as differentiated qualities/brands or innovative talent? Why are financial optics sometimes prioritized over brand growth?

  • How can iconic beverage brands still be effectively leveraged in slightly evolved or entirely different beverage categories?

  • How is the overhaul of beverage portfolios also sometimes associated with an overhaul of pricing and packaging strategies?

  • How can an understanding of target markets improve R&D and reduce false interpretations of data?

  • How can digital environments be used to guide ideation and product/market fit?

  • How has the pandemic increased the need for a level of operational agility more commonly associated with the tech sector, and which aspects of the technological adoption life cycle might be relevant to beverages?

  • As consumers become more interested in the processes behind beverages with functional claims, what are the opportunities to connect with those interests through digital content, and what are the risks?

  • How are beverage companies seeking a more optimal balance of flavor and function across categories, and attempting to convey these new or reformulated products during a time when sampling events are mostly suspended?

  • What is the spectrum of possibilities for public health improvements through beverage innovations?

  • How are lifestyle choices and changes driven by urbanization, public policies, and the health/wellness media industry? How do those lifestyle adjustments, in turn, act as drivers of the beverage industry evolution?

  • Why are Pigouvian taxes, European Union regulations, community-specific nutrition education programs, critical media reports, and the uptick in health consciousness during the pandemic all likely to force additional changes in the beverage industry, possibly in market-specific ways?

  • How have product labels and certifications become popular, albeit somewhat ambiguous or ineffective, tools in this industry-wide change? What are the costs and risks of label-based/marketing claims?

  • How are The Coca-Cola Company and PepsiCo leveraging the sales benefits of nostalgia and product placement simultaneously?

Companies Mentioned

  • The Coca-Cola Company

  • PepsiCo

  • Nestle

  • Danone

  • Unilever

  • Glanbia

  • Karma Water/Karma Culture

  • Jolt Cola/Jolt Energy

  • GURU Organic Energy

  • ZOA Energy

  • Red Bull

  • Bang Energy

  • Monster Beverage Corporation

  • ZICO Rising, Inc. (PowerPlant Ventures)

  • KIND (Mars Inc.)

  • SPI West Port

  • Olipop

  • Drink Recess

  • DrinkMaple/DrinkSimple

  • Keurig Dr Pepper

  • Imbibe

  • Kerry Group

  • Enliven

  • Tetra Pak

  • Starbucks

  • Beam Suntory

  • Anheuser-Busch InBev

  • Molson Coors

  • Canopy Growth Corp. (Constellation Brands)

For more information about this report visit https://www.researchandmarkets.com/r/x7s849

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005480/en/

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