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Coca Cola Adds a New Range of Products to its Beverage Portfolio

BY Soko Directory Team · July 3, 2019 01:07 pm

In order to enhance consumer convenience and choice, the world’s largest beverage company,        Coca-Cola, has announced a new range of beverage portfolio into the market.

The Coca-Cola company has been reshaping its growth strategy and operating model in line with changing consumer tastes and buying habits.

The company, since 2017, has broadened its product offerings in various category clusters including water, nectar juice, ready to drink coffee, tea bags and sports drinks.

Amongst the products launched today was an addition to the Minute Maid portfolio;

Minute Maid Nutridefenses – a nectar juice fortified with vitamin E and Zinc, a suitable addition to the breakfast occasion.

Coke plus Coffee; a fusion of Coca-Cola and coffee with a formulation of added coffee and fifty percent less sugar. This drink targets the afternoon slump to help rejuvenate consumers and give them the afternoon kick.

Powerade; a sports beverage that replenishes electrolytes, carbohydrates and vitamins during physical and sporting activities. The company also launched their ‘Without Sugar’ portfolio namely Coca-Cola, Fanta, Sprite and Stoney. This move is to provide choice for the consumers to take their sodas with or without sugar.

Another significant move by the company is to provide smaller, more convenient packaging, providing various pricing hierarchies within their portfolios so consumers can select their beverage of choice based on affordability.

With the consumers at the centre of their business the company has been reshaping its growth strategy and operating model in line with changing consumer tastes and buying habits. In 2016, they adapted the One Brand Strategy, a move that saw the company commit to choice, offering consumers whichever Coca-Cola suits their taste, lifestyle and diet hence the tagline ‘Taste the Feeling’.

“With innovation at the core of our new business strategy, we will be able to create more opportunities for use of local ingredients and other inputs. We will also create more jobs for farmers, youth and women. We’re listening carefully and working to ensure that consumers are firmly at the centre of our business so we can continue to grow responsibly,” said Nelly Wainaina, Head of Marketing Kenya and Tanzania, Coca-Cola Central, East and West Africa (CEWA) Limited.

“We’ve been very clear that for us to drive sustainable, profitable growth of our brands, we also need to encourage and enable our consumers to control added sugar consumption. We are making a very conscious effort to not just expand our portfolio, but to shape our portfolio in a very deliberate way,” she said while speaking at their office in Upper Hill, Nairobi.

The Coca-Cola System in Kenya has a keen interest in advancing and creating a variation of its drinks products in the Kenyan and regional markets. Over the next few weeks, they’ll be adding more variations into their existing product portfolio.

To wrap it all up, the company has been serious about making positive contributions to the world. That started with reducing sugar in its drinks and continuing to introduce new ones with added benefits. This also means continuously working to reduce its environmental impact, creating rewarding careers for its associates and bringing economic opportunity wherever it runs its operations.

Together with its bottling partners, Coca-Cola has employed more than 700,000 people around the world.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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