Beverages: Page 34
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Courtesy of The Vita Coco Company
Diageo partners with Vita Coco on canned cocktail beverage
The drink, which will include the popular coconut water and Captain Morgan rum, will be available in three flavors starting in early 2023.
By Christopher Doering • July 6, 2022 -
Jeff J Mitchell/Getty Images via Getty Images
Diageo buys flavor tech company to streamline drink exploration, path to purchase
The world’s second largest distiller is hoping to match consumers — especially young ones — with a whiskey, eliminating the costly experimentation process.
By Sara Karlovitch • July 5, 2022 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Christopher Doering/Food Dive
Coca-Cola turns up the heat on frozen as it searches for growth
The beverage giant said new offerings attract younger consumers to its portfolio of brands before they transition into adult-targeted products like Coca-Cola Zero Sugar and Diet Coke.
By Christopher Doering • July 5, 2022 -
Courtesy of The Coca-Cola Company
Coke teams up with Marshmello for limited-edition flavor
The brand’s first flavor co-created with an artist is the latest effort to come out of the Coca-Cola Creations platform that launched earlier this year.
By Sara Karlovitch • July 1, 2022 -
Courtesy of DiGiorno
ColumnLeftovers: DiGiorno turns crust into ice cream cones; Gym Weed infuses hemp into energy drinks
Nestlé’s frozen pizza brand serves up a new dessert in honor of National Ice Cream Day, and Nightfood supplies sweet dreams with its Sleep Friendly Cookies.
By Food Dive staff • July 1, 2022 -
Courtesy of Bolthouse Farms
Cost of Fourth of July cookouts to jump by double digits this year
Price increases for food items like chicken, bread and soda have made this year’s holiday a more expensive celebration, according to two recent analyses.
By Chris Casey • July 1, 2022 -
Shelyna Long via Getty Images
Honest co-founder announces details of new RTD teas
Just Ice Tea will embrace Fair Trade Certified sourcing and organic, recognizable ingredients for its new line, according to Seth Goldman.
By Samantha Oller • June 30, 2022 -
Courtesy of Atomo Coffee
Atomo raises $40M for molecular coffee and launches RTD products
The beans-free startup will begin shipping cold brew and latte products that aim to deliver a similar taste as traditional options, but with improved sustainability.
By Samantha Oller • June 28, 2022 -
Courtesy of Sapporo USA
Sapporo USA to acquire Stone Brewing in deal valued at $165M
By acquiring the ninth largest craft brewer in the U.S., the Japanese beer giant is gaining production capacity and a launching ground for its own brand.
By Samantha Oller • June 24, 2022 -
Christopher Doering/Food Dive
Bang to transition from PepsiCo distribution deal in favor of new DSD partners
In a statement, the company’s CEO also said all disputes with the beverage and snacking giant have been “fully settled and resolved.”
By Christopher Doering • June 23, 2022 -
Courtesy of PepsiCo
ColumnLeftovers: PepsiCo brings Bubly into RTD mocktails; Minute Maid gives juice a Gen Z refresh
The seltzer brand capitalizes on the rise of nonalcoholic drinks with its Bellini-inspired beverage, while Einstein Bros. and B&G Foods blend the flavor of an everything bagel into a seasoning.
By Food Dive staff • June 17, 2022 -
Courtesy of WhatIf Foods
WhatIf Foods taps a secret ingredient for plant-based success
As the company enters the U.S. with its better-for-you ramen and milk, it is leaning on the sustainability and nutrition credentials of a little-known African legume.
By Chris Casey • June 17, 2022 -
Retrieved from Target.com on June 17, 2022
Target unveils new private label adult beverage line
The new line of ready-to-drink cocktails, called Casa Cantina, adds to the retailer’s growing assortment of exclusive offerings in food and beverage.
By Sam Silverstein • June 17, 2022 -
Courtesy of Nestlé
Nestlé sells Chameleon coffee to food and beverage operator
The divestiture to Systm Foods for an undisclosed amount comes five years after the food giant purchased the brand as part of a broader effort to grow its presence in the popular beverage category.
By Christopher Doering • June 16, 2022 -
Christopher Doering/Food Dive
Consumers trust food brands, but are not loyal: study
Morning Consult noted more than one in three people said they have changed to another product when their faith waned — more than any other category.
By Christopher Doering • June 15, 2022 -
Courtesy of Coca-Cola
Coca-Cola partners with Brown-Forman to launch Jack Daniel's RTD cocktail
The beverage, which marks the soda giant’s fourth alcoholic offering, will be sold around the world. The initial rollout is planned for Mexico in late 2022.
By Christopher Doering • June 13, 2022 -
Courtesy of Danone
Danone's venture arm invests in oat milk maker Minor Figures
The minority stake will allow the upstart to expedite its global footprint while enabling the CPG giant to deepen its presence in the fast-growing plant-based beverage subcategory.
By Christopher Doering • June 13, 2022 -
Permission granted by Eat the Change
Honest co-founder downplays potential of legal action from Coca-Cola in new tea launch
Seth Goldman said initial varieties of his beverage will “very closely mimic” the brand he sold to the CPG giant, which is being discontinued.
By Christopher Doering • June 9, 2022 -
Courtesy of Truly Hard Seltzer
Beverages dominate 2021's top new products, IRI says
Hard seltzers, caffeinated waters and plant-based dairy earned some of the highest sales in the firm's annual Pacesetters report, but supply chain and inflationary pressures could complicate future growth.
By Samantha Oller • June 9, 2022 -
Permission granted by Eat the Change
Jilted by Coca-Cola, Honest co-founder plans new RTD tea launch
Just two weeks after the beverage giant announced it would discontinue the line in 2022, Seth Goldman said his yet-to-be named drink would have the same values and similar recipes.
By Christopher Doering • June 6, 2022 -
Justin Sullivan via Getty Images
Monster leans on US can sourcing to lower freight costs
The beverage maker imported more of the packaging last year to meet demand, but it came at a price.
By Alejandra Carranza • June 6, 2022 -
Courtesy of Molson Coors
Molson Coors is spending $65M to bring more hard seltzer packaging in-house
The producer of Topo Chico Hard Seltzer and Vizzy said the investment in a new Texas warehouse will alleviate shipping costs and improve its time to market while helping grow its beyond-beer offerings.
By Christopher Doering • June 6, 2022 -
Courtesy of The Vita Coco Company
Leftovers: Vita Coco splashes into juice; Miller Lite grills up beer-infused charcoal
The coconut water brand debuts a new beverage touting better-for-you attributes, while Strive harnesses Perfect Day's animal-free proteins for a line of plant-based milks.
By Food Dive staff • June 3, 2022 -
Courtesy of Joywell Foods
Joywell Foods nets $25M from Kraft Heinz VC and others for sweet protein commercialization
The company, which uses fermentation to create substances found in super sweet African fruits, is working toward bringing a line of beverages to market.
By Megan Poinski • June 2, 2022 -
Christopher Doering/Food Dive
Beer drinkers clinging to higher-priced brews as inflation rages, Molson Coors CEO says
In an interview, Gavin Hattersley said price increases for the alcoholic beverage are trailing those hitting gas and other food categories, making it an affordable offering for many people.
By Christopher Doering • June 2, 2022
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