Carabao Energy Drink

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Carabao Energy Drink
Carabao Daeng.png
Type Energy drinks
Country of origin Thailand
Introduced 2002
Website www.carabao.co.th

Carabao Dang Energy Drink (Thai: คาราบาวแดง; RTGSkharabao daeng) Khārābāw dæng, ('red water buffalo') is a Thai energy drink launched in 2002 by Carabao Tawandang Co Ltd. It is now Thailand's second most popular energy drink. It is the key brand of Carabao Tawandang in Thailand, with an estimated 21 percent market share in 2014.[1].

The name "Carabao Dang" comes from the Carabao Group's association with the band Carabao, combined with the German Tawandang Brewery Restaurant. It is marketed with the slogan "Carabao Dang: The Fighting Spirit".[2]

The drink's launch was accompanied by a high profile TV advertising campaign featuring the company founder, rock star Yuenyong Opakul, also known as Aed Carabao.[3] This campaign was investigated by the Office of the Consumer Protection Board for being too violent.[4] but went on to win a gold and a silver medal at Media & Marketing magazine's Asian Brand Marketing Effectiveness Awards in 2003.[5] A second ad, featuring clips of late actor Denholm Elliott, digitally altered so he was drinking Carabao from a trough, was less successful.

The drink was introduced to the United States and Europe under the brand name Carabao leading to an increase in sales of the Thai brand on the west coast of the US in 2004.[6] Exports to China and India began in 2007.[7] Carabao was introduced in Australia at the beginning of 2018.[8]

Market and share[edit]

The market for energy drinks in Thailand is estimated at 35 billion baht in 2018. Carabao research indicates that more than eight million Thais consume energy drinks. Nineteen percent live in Bangkok, 32 percent in other urban areas. and 49 percent in rural provinces. Carabao aims to increase its market share from 25 percent in 2018 to 33 percent in 2020, making it the leader in the domestic energy drinks market.[9]

Carabao Group expects 2018 revenues to reach 15 billion baht, up from 13 billion baht in 2017.[9]

Production[edit]

Carabao completed work on a new production center in the Bang Pakong District of Chachoengsao Province in mid-2018. The 8.7 billion baht, 180 rai facility includes a glass bottle plant, an aluminum can plant, and a bottling plant. Bottle production will increase to 1.6 billion bottles per year, up from 1 billion, and can production will increase from 800 million per year to 1.5 billion. Future plans include a fourth factory on the site.[9]

Sport sponsorship[edit]

In June 2015, Carabao Dang became the main sponsors of English Football League Championship side Reading F.C.,[10] renewing their contract as Reading's primary sponsor from June 2016 to the summer of 2019.[11] Additionally, Carabao Dang became the primary training kit sponsors of English football champions, Premier League club Chelsea F.C. in the summer of 2016.

In November 2016, Carabao Dang announced a three-year deal with the English Football League to become the official title sponsor of the EFL Cup, becoming known as the Carabao Cup from 2017–2018 to the 2019–2020 season.[12]

In December 2016, Carabao Dang announced a six-year deal to become a sponsor of Campeonato Brasileiro Série A club Flamengo until January 2017. In 2018 the company will be the main sponsor of the team.[13]

References[edit]

  1. ^ "Carabao aims to energise Thai IPO market". FinanceAsia. 2014-11-04. Retrieved 2015-06-27.
  2. ^ "Background and Major Developments". Carabao Group. Retrieved 5 November 2017.
  3. ^ "Red Bull now chasing country music fans". The Nation. 2002-10-31. Retrieved 2008-04-28.
  4. ^ "STAMINA DRINKS: Govt sees red over ads". The Nation. 2002-11-20. Retrieved 2008-04-28.[dead link]
  5. ^ "Gold award for Carabao Daeng". The Nation. 2003-09-30. Retrieved 2008-04-28.
  6. ^ Amnatcharoenrit, Bamrung (2004-06-22). "Carabao Dang Firm Takes Aim at U.S., European Beverage Markets". Bangkok Post. Retrieved 2008-04-28.
  7. ^ "Carabao plans expansion in both China and India". Knight-Ridder Tribune Business News. 2007-06-01. Retrieved 2008-04-28.
  8. ^ "History". Carabao Australia.[not in citation given]
  9. ^ a b c Sritama, Suchat (17 August 2018). "Carabao aims to become top drink in Thailand". Bangkok Post. Retrieved 19 August 2018.
  10. ^ "Royals welcome new sponsor, Carabao". Reading F.C. 23 June 2015. Retrieved 23 June 2015.
  11. ^ "Reading FC sign Carabao as Principal Partner until 2019". Reading F.C. 17 June 2016. Retrieved 17 June 2016.
  12. ^ "Carabao 'bring it on' and become new sponsor of EFL Cup". English Football League. 4 November 2016. Retrieved 4 November 2016.
  13. ^ "Fla fecha patrocínio que renderá cerca de R$ 200 milhões ao clube em 6 anos (in Portuguese)". Globoesporte. 30 December 2016. Retrieved 30 December 2016.