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Beverage Business Bangladesh

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Introduction:
At present Bangladesh has a very competitive market of beverage. Bangladesh has a relatively hot weather and people tend to be thirstier. So they prefer to take soft drinks most of the time. Beverage took the market of Bangladesh in the first half of 1980. In that time two or three soft drinks were available in the market. But now lots of beverage found in the market. Some of them are popular and some are not so popular. Soft Drinks Industry like other developing and developed countries is getting much popularity in Bangladesh. The number of firms operating in this industry is getting increased. The market is also increasing in a greater portion. Today most of the people in both urban and rural areas are taking soft drinks in a large amount. To capture this market many global brands are competing with local brands now. However the local brands (Mojo and Pran) are much successful even if the global brands (Coca Cola, Pepsi) are present. Our soft drinks industry follows some innovative, strong and continuous improving production and marketing techniques. Although quality is not the prime concern of our people, they mainly prefer cost effective soft drinks. The local companies are competing with global brands on the basis of lower cost. They are capturing the urban markets by offering some innovative marketing plan and offer. In rural areas they are very strong in distribution strategy and price effectiveness. Our local brands understand the psychology of our people more than the global brands. That’s why they are showing much more effectiveness in this sector. Besides, local brands are using technology based production plant with mass production and order to stock basis. Skilled and lower paid manpower, and innovative marketing projects are also the factors that are associated with success of these firms acting in this industry.

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