The
concept of Red Bull-an energy drink-has been picked up from
popular "tonic drinks" in Asia. Dietrich Mateschitz
founded the company in 1984 and Red Bull was launched in Austria
in 1987. The product was first sold in Hungary in 1992, and
in Germany in 1994. Today Red Bull is sold worldwide in over
100 countries including India. The drink has effectively created
a new Energy Drinks category that is worth $900 mn in US alone,
and is considered one of the fastest growing segments in the
beverage market. The growing opportunities in the segment
have also attracted biggies like Coca-Cola and PepsiCo.
Energy
drinks are beverages that claim to provide stimulation boost.
The main ingredients of energy drink are caffeine, Taurine,
Vitamin B12, sugar, glucose, and minerals. The levels of both
caffeine and sugar are much higher than the colas. The
consumption of energy drinks is not a recent trend. Lucozade
from SmithKline Beecham has been around in UK since 1938.
In Japan, Lipovitan launched in 1962, sells around 2 million
bottles a day. The
consumption of energy drinks is not a recent trend. Lucozade
from SmithKline Beecham has been around in UK since 1938.
In Japan, Lipovitan launched in 1962, sells around 2 million
bottles a day.
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