Beverages: Page 38
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Courtesy of Waterdrop
'Microdrink' maker Waterdrop raises $70M
The Austrian company, whose flavor cubes are designed to dissolve in tap water, also launched a "smart cap" that purifies with UVC light.
By Chris Casey • Feb. 2, 2022 -
Courtesy of Olipop
Functional soda Olipop raises $30M with notable investors, including former PepsiCo CEO
The three-year-old company, which plans to use the money to develop new products and hire employees, said the celebrity-packed funding round values it at $200 million.
By Christopher Doering • Feb. 1, 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 -
Courtesy of Starbucks
PepsiCo launches energy drink Baya with Starbucks
The beverage, which has vitamin C as well as caffeine found in coffee fruit, is the latest offering under a partnership that generates $2.8 billion in annual sales.
By Christopher Doering • Jan. 28, 2022 -
Courtesy of Anheuser Busch
Anheuser-Busch debuts zero-carb Bud Light Next
Developed over 10 years, the lager is targeting younger adult drinkers by offering the low calories and clean taste of a seltzer.
By Samantha Oller • Jan. 28, 2022 -
Courtesy of Molson Coors
Coca-Cola, Molson Coors to partner on Simply Spiked Lemonade
The RTD alcoholic beverage, which is set to hit shelves this summer, is the second drink to be developed by the two companies, following the launch of Topo Chico Hard Seltzer in 2021.
By Christopher Doering • Jan. 25, 2022 -
Courtesy of PepsiCo
ColumnLeftovers: Lay's fries up potatoes grown in NFL stadium dirt; Opopop creates an interactive popcorn experience
PepsiCo's Frito-Lay offers football fans a new way to consume their favorite team, and New Belgium and Imperfect Foods give blemished oranges a second chance in IPA.
By Food Dive staff • Jan. 21, 2022 -
Permission granted by Mondelez International
More U.S. consumers want snacks with a 'broader consciousness,' Mondelēz finds
The company found between 75% and 78% of people surveyed say low-waste packaging, fair labor practices, animal welfare and environmental concerns impact their food choices.
By Christopher Doering • Jan. 21, 2022 -
Permission granted by Madhouse
From sweet corn to candy canes, vinegar aims to shed its sour reputation
The ingredient is gaining popularity as consumers flock to new flavors and its natural halo, and increasingly prepare meals at home during the pandemic.
By Christopher Doering • Jan. 20, 2022 -
Courtesy of Anheuser-Busch
Anheuser-Busch updates logo to match forward-looking brand purpose
The refreshed "A&Eagle" logo highlights the beverage giant's consumer-centric marketing strategy and a renewed focus on innovation and sustainability.
By Chris Kelly • Jan. 19, 2022 -
Courtesy of Jeni's Splendid Ice Creams
ColumnLeftovers: Dolly Parton adds dazzle to Jeni's; Campbell supersizes Goldfish crackers
The premium ice cream brand is relaunching the country star's Strawberry Pretzel Pie variety, while Bolthouse Farms gives its juice, smoothie and shots lineup an immunity boost.
By Food Dive staff • Jan. 14, 2022 -
Courtesy of Nestlé
Nestlé cuts sugar, adopts more sustainable packaging for Carnation Breakfast Essentials
The nutrient-rich beverage aimed at kids and teens is now available in Tetra Pak cartons made with responsibly sourced paper.
By Christopher Doering • Jan. 13, 2022 -
Justin Sullivan via Getty Images
Monster Energy enters alcohol with $330M purchase of Canarchy Craft Brewery
The decision to jump into beer and hard seltzer comes as nonalcoholic beverage companies aim to cover more drinking occasions and spur growth.
By Christopher Doering • Updated Jan. 13, 2022 -
Courtesy of Chobani
Chobani expands fast-growing creamer business with new plant-based offering
The creamers — made from coconut, sunflower and pea protein — complement its other two products in the category made from cream and oats. Sales have grown 120% during the past year.
By Christopher Doering • Updated Jan. 11, 2022 -
Permission granted by Hain Celestial
Deep DiveCPGs grapple with a murky 2022 outlook as inflation, supply chain weigh on operations
Uncertainty over the severity and permanence of these and other challenges is making it hard for CEOs to determine whether they should make moves such as price increases.
By Christopher Doering • Jan. 11, 2022 -
Courtesy of AB InBev
More consumers try Dry January, but most eschew nonalcoholic options: survey
Nearly half of participants told Morning Consult they still plan to drink some booze this month, despite having even more alcohol-free options from which to choose.
By Samantha Oller • Jan. 11, 2022 -
Courtesy of PepsiCo, Eastside Distilling
ColumnLeftovers: PepsiCo brings potato chips to booze; Truly mixes up its seltzer lineup with margaritas
The snack and beverage giant partners with Eastside Distilling to add Lay's potato flavor to vodka, while Doritos Cool Ranch turns up the heat.
By Food Dive staff • Jan. 7, 2022 -
Retrieved from Coca-Cola.
Coca-Cola and Constellation Brands launch Fresca cocktails
The pre-mixed drinks, which contain real spirits and zero sugar, are available in two varieties: Vodka Spritz and Tequila Paloma.
By Christopher Doering • Updated Sept. 8, 2022 -
Courtesy of Liquid Death
Liquid Death raises $75M in funding round that values water brand at more than $500M
The company, which sources water from the Alps, is introducing flavored varieties with names such as Berry It Alive and Mango Chainsaw.
By Christopher Doering • Jan. 6, 2022 -
Nodar Chernishev via Getty Images
Deep Dive6 trends shaping food and beverage growth in 2022
The lingering effects of the pandemic will continue to influence everything from consumers' meal choices to the ability of manufacturers to meet demand.
By Chris Casey , Christopher Doering , Megan Poinski • Jan. 4, 2022 -
IPOs surge to record in 2021 with most issuers hitting target price: EY
Fiscal stimulus, low interest rates and abundant capital are some of the forces driving robust IPO and SPAC deal activity in sectors including food and beverage, the consulting firm said.
By Jim Tyson • Dec. 23, 2021 -
Courtesy of Drinkworks
'Keurig for cocktails' abruptly decides to shutter operations
Drinkworks, a partnership between Anheuser-Busch and Keurig Dr Pepper, had recently expedited its expansion efforts and debuted a new machine. No details on the closure were provided.
By Christopher Doering • Dec. 17, 2021 -
JM Smucker sells juice and grains businesses, and will shut down plant
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
By Megan Poinski • Dec. 16, 2021 -
Courtesy of AB InBev
Anheuser-Busch wades into hard soda with new seltzer launch
The offering, which is set to hit shelves in January, further blurs the line between traditional alcohol companies like AB InBev and soda makers like Coca-Cola and PepsiCo.
By Christopher Doering • Dec. 16, 2021 -
Retrieved from Athletic Brewing Company.
A third of consumers plan to avoid alcohol this holiday season, survey finds
As demand rises for low- and no-alcohol products, the category has been inundated with new offerings from brands including Guinness, Heineken and Budweiser.
By Christopher Doering • Dec. 15, 2021 -
eldinhoid via Getty Images
As food prices rise, survey finds thresholds where consumers stop buying
Shoppers are willing to stomach higher jumps on lower-cost staples like milk and bread, but may also switch to less expensive brands, according to research from Ingredient Communications.
By Samantha Oller • Dec. 10, 2021
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