In 1987, an Austrian energy drinks manufacturer established an iconic brand and an entirely new market category in the process. This brand, Red Bull, continues to dominate the energy drinks market to this day. In 2020 the global energy drinks market was valued at $53b, and no surprises, Red Bull remain the dominant player. Analysts expect this market to grow at a CAGR (compound annual growth rate) of 7.20%, reaching $86.01b by 2026. In emerging markets such as India (up 37%), Brazil (up 30%), and Africa (up 25%), sales are surging. Concerning the emerging market of Iran, sanctions and purchasing power have frustrated growth for energy drinks manufacturers in recent years.
Trend Food International has been present in markets where Estar’s customers are clearly defined. However, energy drinks are consumed by a different customer segmentation. This situation is due to the price point Estar would need to come in at due to the purchasing power. We at Zigma8 were quick to highlight this difference for which would bring an additional marketing challenge. A challenge beyond simply launching a new brand.
We worked with the Estar brand team to develop a go-to-market strategy that would cater to local tastes. To achieve this, we strategically refreshed the way the packaging looked to better compete in the market. By presenting a more premium look and feel, we would better appeal to the more premium audience.
Our design team created a highly vibrant look based on contrasting lined artwork. This updated brand style was applied to each Estar product, with only slight variations to complement the differing flavours. Finally, to remain consistent for customers familiar with Estar outside of the country, we kept the essential brand elements seen internationally.
To introduce these newly styled products, we chose to create a series of high-energy videos to be distributed online. These videos strategically played to the audience preference for foreign products. Doing this would further elevate the premium perception we looked to create within the audience.
Unfortunately, we are yet to implement the Estar brand launch. Trend Food International was unable to import Estar due to the familiar scenario of sanctions on imported goods.
Although the launch is yet to happen, the brand team at Estar has benefitted from an alternative view of the brand.
