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Audience analysis
Evaluating target market segments
Audience analysis
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Monster Energy Drink Target Audience And Company Objectives Because the energy drink is still part of a new and developing industry, the energy drink target market is different than in some of the other beverage industries. Monster energy drinks have become a very popular, “hip” part of society, but the market at which they are aimed is not as wide and expansive, or diverse, as some might think. Early in energy drink history, when they were first being sold in the United States, athletes were the primary consumers. This shows that even initially energy drinks were directed at a select crowd, a group of people with specific interests. Although the consumer base for energy drinks has now expanded beyond that of simply athletes, the target market is still more particular than in other industries. When thinking about the energy drink target market, it is important to consider who is most receptive to the purported effects of the beverages.
In this report I shall be looking at data compiled on the client and using this data I will analyse the market potential and demand for "health drinks" within the United Kingdom. Also I will consider whether it is viable to expand and develop the brand within the market whilst maintaining the socially responsible attitude of the company, in conjunction with the growing health trends and the client's ethical product production.
As stated in the case, “the market for energy drinks was growing; between 2010 and 2012, the market for energy drinks had grown by 40%. It was estimated to be $8.5 billion in the United States in 2013 [and] forecasts projected that figure to reach $13.5 billion by 2018” (pg 5). However, much of this market’s revenue -- 85% in fact -- is dominated by five major brands, while the remaining 15% is split between approximately 30 regional and national companies. (pg. 5). With this saturated market, it might not be best for Crescent Pure to enter as a completely new product to the industry, as there is the possibility that it will be squeezed out of the profit shares by more established brands -- especially if it is not properly secure in its identity. In addition, while the market for energy drinks appeared to be growing at an exponential rate compared to the market for sports drinks -- which increased only 9% in five years and would be at approximately 60% of the rate for energy drinks in 2017 (pg 6) -- the consumers appeared to be wary of partaking in the market for several reasons, which would potentially harm the reach of Crescent Pure. These concerns included rising news reports discussing the safety of energy drinks (pg. 5). Taking into consideration the data provided in the case that concerns reasonings of why consumers choose specific drinks over others, there
Red bull has been the forefront of the energy drink industry because of its well-developed marketing and advertising plans. Red Bull earns their competitive advantage by using lifestyle, music, and culture to their advantage, mentions the ARC. Red Bull is the energy drink trendsetters in my opinion, they are the leaders in their industry leaving others to follow. They also use their branding as a great selling point. Their products have a sleek design, and they also use relate-able people to give samples to potential consumers. Strategies such as these keep them ahead of competitors.
Caffeinate drinks and energy drinks are very common on amongst adolescents, and the consumption of alcohol is also a regular occurrence among adolescents (Rohsenow et. Al, 2014). At that age, they may consume caffeine or energy drinks to wake themselves up or stay up late when working on homework assignments. Which at times can be helpful when working on multiple assignments. When a person consumes a certain amount of alcohol, he or she begins to feel drowsy/tired. There is nothing wrong with having a drink on occasions, especially if you drink responsibly. Recently people have begun to mix caffeine with alcohol, resulting in Alcoholic Energy Drinks. People buy and consume these drinks to combat the drowsiness that comes with drinking, so if he or she is out partying, it won’t interrupt his or her drinking and the can consume more alcohol because they will not feel as tired as quickly as the normally would. Alcoholic Energy Drinks have been a trend in recent years, and this is especially true among college and high school students (Kponee, Siegel, & Jernigan, 2014). Do Alcoholic Energy Drinks represent responsible drinking? Should companies mix caffeine and alcohol and sell it in stores? To go even further, should the drinks be legal in the United States? Alcoholic Energy Drinks are harmful because they affect the person’s ability to judge his or her level of intoxication, it also influences people to drink more than he or she should because he or she feels less intoxicated, and because of those reasons, people who consume Alcoholic Energy Drinks are more likely to drive while intoxicated, among other dangerous risk-taking behaviors (Kponee, Siegel, & Jernigan, 2014). Because of the adverse effects, Alcoholic Energy Drinks should...
Vitamin B-12 is essential for energy production as well as influencing the way your body uses carbohydrates.
The energy bar market grew from a grass roots effort focused on the consumer base of performance athletes. These athletes usually obtained products at competitive events that were geared towards the everyday consumer. The build up of this market is attributed to PowerBar, but there was significant contribution from others.
Based on the website cspinet.org which is the Center for Science in the Public Interest publish on June 25, 2014 said that in documents obtained from the Food and Drug Administration show that since 2004, a total of 33 deaths have now been linked to energy drinks. Of those, 22 deaths have been linked to 5-Hour Energy, 11 deaths have been linked to Monster, and one death, a first, has been linked to Rockstar
to fight in the center of the arena, but have a sudden change of mind
Companies utilize different marketing strategies to appeal to their target audience. The methods they use to market their products usually reflects the target audience’s preferences or needs. Gatorade was invented at the University of Florida in 1965 by a team of researchers. They discovered nutrients were not being replenished when the school’s football team competed and formulated a solution to the problem. Today Gatorade primarily targets athletic or physically active individuals, especially professional athletes. Over time, Gatorade has become one of the most popular and leading sports drink companies in the world. Many people recognize what Gatorade is and what they do to help individuals who need the extra replenishment so they can continue
Question 1:When Howard Schultz launched Starbucks, who was the target market and how was Starbucks positioned to appeal to this target market?
Big global companies such as Coca Cola and Pepsi have introduced their own energy drink versions to their product base. Mother (by Coca Cola), Amp (Pepsi), V, Battery, 180, RedEye and Bennu being just some in the ever-growing energy drink market.
Before you drink another energy drink, please take into consideration what some of the ingredients are. “The large amounts of sugar in energy drinks can lead to unnecessary spikes in blood sugar, dental health problems, and added weight gain.” (Readers digest editors 1). “Compare it to a popular soda and you’ll find that often energy drinks contain even more sugar than a regular soda.” (Readers digest editors 1). Just one can of Monster contains over 50 grams of sugar. That’s almost a quarter cup of sugar! Very many health risks can result from ingesting that much caffeine and sugar in just a short amount of time. People who often drink energy drinks regularly see a decrease in the amount of sleep they get every night, which has an immediate and detrimental impact on focus and overall health for them. Energy drinks contain obscene amounts of caffeine, sugar and chemicals. A can of normal soda, like Coke or Dr. Pepper, ...
Coca Cola and Pepsi both use different marketing strategies to promote their companies. Starting with Coca-Cola, there is a significant emphasis on “one brand”. Coca-Cola has several flavors and options. The emphasis on one brand means that the customers should not have to seek anywhere else, because Coca-Cola has it all. The strategy extends the equity and iconic appeal of the world’s No.1 beverage brand to Coca-Cola light/ Diet Coca-Cola, Coca-Cola zero and Coca-Cola life. (Moye, 2016) If someone does not want caffeine, there is that option. If someone does want caffeine, there is also that option. The way that they are marketing their product is that they are showing that customers should look no further than
energy drinks when it comes to rehydration, firms were still able to use advertising to change
Do people actually understand the harm that energy drinks cause the human body? Millions of people around the world believe that energy drinks help them become more energized, but in reality they can cause more harm than good to the human body. More than 20,000 people have reported that they were hospitalized because of energy drinks, yet people continue to drink them because they became so addicted to the taste of the drink (ER). Energy drinks can lead to high blood pressure, cancer, reproductive problems, insomnia, heart palpitations and many more problems. Even energy drinks that say they are sugar free can do even more harm to your body.