Soda brands are partnering with brands in adjacent industries to boost exposure
Trend - Popular soda brands are collaborating with other brands in the restaurant, CPG, and drinking spaces to create co-branded products. These collaborative products blend the iconic flavors and brand recognition of both products for the mutual benefit of both companies.
Insight - While there is a large variety of options when shopping for food, many consumers in the Western World fall into habits, sticking to brands and products that they are familiar with. This is due to the consumers not wanting to take risks, caused by either minimal free time, or simply because they want to continue with the safe option. To appeal to these consumers, brands across the food industry are releasing collaborative products that lend the credibility of both brands to the product.
Insight - While there is a large variety of options when shopping for food, many consumers in the Western World fall into habits, sticking to brands and products that they are familiar with. This is due to the consumers not wanting to take risks, caused by either minimal free time, or simply because they want to continue with the safe option. To appeal to these consumers, brands across the food industry are releasing collaborative products that lend the credibility of both brands to the product.
Workshop Question - How can your brand collaborate with another brand in an adjacent industry to create a product that leverages the recognition and strengths of both brands?
Trend Themes
1. Brand Collaborations - Brands are teaming up across different sectors to generate innovative co-branded products, enhancing the market presence of both partners.
2. Novel Flavor Fusions - Distinct and unique flavor combinations are being created to intrigue consumers and encourage trial of new products.
3. Premium Ready-to-drink Products - Ready-to-drink beverages are becoming more premium with collaborations between high-recognition brands, offering convenience and quality.
Industry Implications
1. Food and Beverages - The food and beverage industry is adopting cross-brand collaborations to create exclusive products that merge flavors and brand identities.
2. Consumer Packaged Goods (CPG) - Consumer packaged goods companies are leveraging brand partnerships to introduce co-branded, limited-edition items that capture consumer interest.
3. Hospitality - In the hospitality sector, collaborative menu items and beverages are becoming popular as a strategy to attract and retain customers.
