The market for private label soft drinks is increasing at a rapid rate. Private label soft drinks play an important role on the market and are challenging national brands in every aspect.
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In recent years, the market for private label soft drinks is increasing at a rapid rate. Retail centers, distributors, brand owners and entrepreneurs are leaning toward private label products more and more. Private label soft drinks play an important role on the market and are challenging national brands in every aspect: taste, branding, advertisement, distribution etc. Private label offers the opportunity to create a unique take on soft drinks and solidify your brand by developing interesting and complex taste formulas that the average consumer had not tried before, locate and produce the right facility for your drink and distribute it accordingly.In the 17th century Carbonated soft drinks were developed in Europe in order to imitate natural spring water for their therapeutic properties. Soft drinks can come in many shapes and forms, in Europe and Latin America mineral waters are very popular. In Cuba carbonated cane juice, that gets its signature flavor from unrefined syrup, is consumed and enjoyed by many. Soft drinks that contain soybean flour are highly marketed and produced in tropical areas and some eastern European countries prepare their soft drink by fermenting stale bread. There are many intricate and fascinating ways to develop a soft drink. Soft drinks were also highly recommended to substitute alcohol and advertise a friendly social environment and many modern soft drinks contain no caffeine, low sodium, low calorie and all natural ingredients.
Furthermore, it is worth of mentioning that soft drinks are the largest supermarket grocery category, they take up 5 to 6 percent of average grocery sales while also creating a halo effect in consumers, making them want to buy more products from the same brand or grocery. This is very crucial for the market because retailers are becoming more popular and larger by the day and thus the market expands and opens up the opportunity for Private label products to create a unique twist and differentiation on the market because every retailer wants to stand out and draw in the consumers.
Consumer lifestyle and buying patterns are a huge reason for retail growth. Private label provides necessary tools to attract, engage and retain customers through competitive advantages and cost efficiency which ultimately brings success to the retailer. Other ways to engage and attract consumers is through appealing packaging and advertisement. According to some researches, 60% willingness to buy or recommend a product is the perception of the company and how they interact with the consumers and only 40% is attributed to the perception of the product. By developing a good private label soft drink brand many new opportunities will arise and help distribute your brand to certain establishments.