Drink Asia September - October 2019 | Page 22

Raising a Toast Compared to other regions, the food and beverages consumption pattern observed among the European population has been on a healthier side. In addition, vendors of the fruit-infused water market scramble towards the East Asian market, which holds significant revenue shares in the global food and beverages market. Key Strategies to Squeeze More Profit out of the Fruit-infused Water Market • Capitalize on Seasonal Demand While fruit-infused water can witness year-round sales, springs and summers record the highest consumption rate, owing to the need of consumers to stay hydrated. This surfaces a profitable opportunity for market vendors to prepare their inventories right before the onset of summer to capitalize on the seasonal demand. • Replace Plastic Bottles with Metal Cans As the stringency of environmental regulation turns up by a notch on a frequent basis, plastic as a packaging material is likely to be replaced by environmentally-benign materials. Foreseeing the future, vendors can shift their packaging processes away from plastic materials to metallic cans as a measure towards sustaining the environment and, in turn, their businesses in the long run. •Introduce New ‘Combinational’ Flavors Since fruit-infused water landscape continues to be operated by numerous players, product differentiation can turn out to be a key strategy can bring brand loyalty without the threats of substitutes. On similar lines, vendors of fruit-infused water market can introduce new flavors by combining two or more fruits to position their brand at a distinguished position. Vendors can zoom in their focus on consumers to comprehend their needs and develop flavors by keeping consumers at the center of the flavor innovation. Fruit-infused Water Drink Asia 22 September-October 2019 Market Amidst Intense Competition The fruit-infused water market spectates intense competition with numerous players at play. Collectively, the leading players functioning in the fruit-infused water market secures ~40-50% of the market share with product differentiating being their key strategy. These players include: • Nestle Group • PepsiCo Inc. • The Coca Cola Company • Pepper Snapple Group •Treo Brands LLC With the landscape being strictly scrutinized for environmental sustainability by the government bodies, this batch of players zero in their focus on the packaging materials and make as minimal use of plastic as possible. For instance, in February 2018, Nestle Group announced the launch of new packaging for its six brands under the bottled water segment. In addition, in February 2019, the company introduced