Coca-Cola pushing to get their market share of the energy drink sectorPosted by Walterinternational on July 5th, 2019 Coca cola the internationally known beverage giant, is set to push ahead into the energy drink market and try to take the crown from the well-known Red Bull. Recently the soda giant won an arbitration case against one of their own Monster beverage. Coca Cola has been at war with the energy drink manufacturer since 2018, even with Coca Cola owning over a 16% stake in, as Monster Beverage have said that if Coca Cola were to launch an energy drink in the U.S it would violate their agreement. A spokesperson for Coca Cola has said in a recent interview that the plans the company has for their energy drink, will be shared with investors and the public in the near future. “Overall, Coca-Cola Energy is a new energy product under the Coca-Cola brand and is more closely associated with classic Coke. We see Coke Energy as an addition to the category for a different energy drink audience,” the spokesperson says.Indeed it makes sense for Coca-Cola to go after the energy drink market as it continues to see impressive growth. And hey, it’s just a big market with a lot of consumer interest that could easily support another entrant. Like it? Share it!More by this author |