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Market Opportunity Analysis for NEXBA Beverages in Australia

   

Added on  2023-06-13

11 Pages887 Words130 Views
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NEXBA Beverages,
Australia
Market opportunity analysis
Market Opportunity Analysis for NEXBA Beverages in Australia_1

Organizational analysis
Founded in 2010
Founders: Drew Bilbe and Troy Douglas.
USP: Sugar free drinks
Product line: Soft drinks, Iced tea, Sparkling infusions, Flavored water.
Market Opportunity Analysis for NEXBA Beverages in Australia_2

Industry analysis
Australia is a lucrative market for the beverage industry
Australia and New Zealand consumes the most juice and coffee in the
entire world (Food Processing, 2017).
Bottled water industry in also growing.
Soft drink market is expected to grow by 2.5% annually (Statista,
2018).
Market Opportunity Analysis for NEXBA Beverages in Australia_3

Target market
Set of customers whose needs the business aims to fulfill.
Geographic: Australia
Demographic: Health conscious people and children.
Diabetes patients
Income group: higher and middle income group.
Premium pricing and price skimming strategy
Market Opportunity Analysis for NEXBA Beverages in Australia_4

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