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The Cola Wars were primarily driven by intense competition between The Coca-Cola Company and PepsiCo for market share in the soft drink industry. Key factors included aggressive marketing strategies, product innovation, and promotional campaigns, such as Pepsi's "Pepsi Challenge," which encouraged consumers to compare the taste of both brands. The rivalry escalated in the 1980s and 1990s as both companies sought to outdo each other with celebrity endorsements and sponsorships, capturing the attention of consumers and driving sales. Ultimately, this competitive landscape transformed the soft drink market and influenced consumer preferences significantly.

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