The Future of Beverage Industry Dissertation Example | Topics and Well Written Essays - 9750 words

The Future of Beverage Industry - Dissertation Example While the beverage industry is evolving at a rapid pace, it is putting pressure on the traditional soft drink companies that are losing their market share to drinks such as sports drinks and juices. As consumers are getting awareness regarding the health implications of soft drinks, they are quickly adopting safer alternatives. Certain schools have banned the selling of carbonated drinks in their premises due to health risks and the increased hyperactivity in the children. This has impacted the sales of carbonated drinks considerably since teenagers are the biggest market for carbonated drinks. These drinks are been replaced by fruit juices, bottled water and other healthy drinks. This quick replacement to other drinks also suggests that the beverage industry has become very saturated as all kinds of drinks are being introduced by the competitors and consumers can quickly change from one to the other. Thus, a time has come where the need of the soft drink company is to evolve itself. For the purpose of this research, Coca-Cola Company has been selected since it is a market leader but is still facing issues with respect to the changing consumer preferences. 1.2 Significance of the Study This Study would aim to analyze the beverage industry and its implication on soft drink companies. The beverage industry provides great potential for the business man of today even while it is putting pressure on the traditional soft drink companies. This study would serve as a guide for beverage industry to improve upon their operations to better cope up with the changing scenario. 1.3. Objectives of the Study Can soft drink companies hope to survive by just tapping the soft drink consumers in this age of market saturation and changing consumer needs? 1.4. Research objectives 1. What changes have been seen