Advertisement

HindustanTimes Tue,23 Dec 2014

Coke, Pepsi bet on health drinks now

Anupama Airy and Himani Chandna Gurtoo , Hindustan Times  New Delhi, May 01, 2013
First Published: 22:23 IST(1/5/2013) | Last Updated: 02:49 IST(2/5/2013)

With Indians taking to calorie-watching in a serious way, the demand for energy and sports drinks, also called ‘lifestyle drinks’, is slowly and steadily gaining fizz.

Advertisement

So much so that beverages giants Coca Cola, with its energy drink Burn, and PepsiCo with its Gatorade, are trying to muscle in on the $155-million nascent market, dominated hitherto by GSK, Heinz and Amway.

While energy drinks have been present in India for a few years now, the category of ‘alternative beverages’ is gaining ground on conventional beverages and carbonated drinks. http://www.hindustantimes.com/Images/Popup/2013/5/02-05-biz3.jpg

In fact, it is not just drinks but even water, like in the West, is being infused with vitamins. Beltek Canadian Water recently introduced Wild Water, a vitamin-enriched water, in various flavors. “In India it is a new category,” said Steve Verma, director, Beltek Canadian Water Ltd.

Conventional beverages cost R15 -20 per 100-150 ml bottle, while energy drinks start at R80-100 per 100-150 ml bottle. Despite the price tag, though, consumers are still opting for these new-age drinks and the market is expected to grow annually at 28-30% according to retail consultancy firm Technopak Advisory.
Providing choices to consumers holds the key to success, said experts and company executives.

“Energy drinks play an important functional role in consumers’ lives by vitalising the body and mind,” an executive at Red Bull, a leading energy drinks major in India, chanted.

“The attempt is to provide choices to consumers that satisfy their needs on all occasions,” a CocaCola executive added.
PepsiCo India’s spokesperson said the brand has been associated with marathon races, and has entered into partnerships with leading gyms in metros.


Advertisement
more from Business

An airline is born: Can Vistara soar while others bleed?

India's newest airline announced Monday it would start flying next month and was 'enthusiastic' about the future, even as rival carriers bleed red ink. The new airline, called Vistara will make its first flight on January 9. 

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved