Ad spend of selected beverage brands in the U.S. 2019
In the United States, Coca-Cola Company and PepsiCo spend the most on advertising their popular sugary drinks. Even though bottled water brand such as Aquafina (belonging to PepsiCo) is in the top ten of highest ad spenders in the country, it pales in comparison to the two major soda brands – Coke and Pepsi. Coca-Cola spent more than 280 million U.S. dollars in 2019 on advertising its flagship beverage, while PepsiCo invested close 224 million in promoting Pepsi that year. At the same time bottled water advertising spending failed to surpass 10 million dollars.
PepsiCo vs. Coca-Cola Company on the advertising market
Both beverage manufacturers command nearly 70 percent of the soft drink market in the United States, however, Coca-Cola holds more than 43 percent of that market. Perhaps that is why PepsiCo is spending considerably more on advertising and promotion in the country, in an attempt to win over customers. In 2019, Coca-Cola invested some 816 million U.S. dollars in advertising in the United States, whereas PepsiCo’s ad expenditures reached roughly 1.73 billion dollars that same year. The company even underwent a logo redesign back in 2009, which was estimated to cost around one million U.S. dollars, with the aim to have a more modern, simplified appeal. This step has not changed much in terms of market shares, as PepsiCo still appears to be losing its portion. It could be that higher marketing budgets will increase its chances, but the battle will be a tough one, as loyal fans of either brand are unlikely to switch to the other.
PepsiCo vs. Coca-Cola Company on the advertising market
Both beverage manufacturers command nearly 70 percent of the soft drink market in the United States, however, Coca-Cola holds more than 43 percent of that market. Perhaps that is why PepsiCo is spending considerably more on advertising and promotion in the country, in an attempt to win over customers. In 2019, Coca-Cola invested some 816 million U.S. dollars in advertising in the United States, whereas PepsiCo’s ad expenditures reached roughly 1.73 billion dollars that same year. The company even underwent a logo redesign back in 2009, which was estimated to cost around one million U.S. dollars, with the aim to have a more modern, simplified appeal. This step has not changed much in terms of market shares, as PepsiCo still appears to be losing its portion. It could be that higher marketing budgets will increase its chances, but the battle will be a tough one, as loyal fans of either brand are unlikely to switch to the other.
