Beverages: Page 20
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Courtesy of Happy
Robert Downey Jr and CPG exec enter $28B coffee category with Happy
The growing popularity of the beverage has brought smaller players into the space and prompted large manufacturers to bulk up their presence through acquisitions.
By Chris Casey • Jan. 30, 2024 -
Getty via Getty Images
Deep DiveBooze or bust: How 2024 will reshape alcohol
As tastes evolve and people imbibe less, producers are revamping their portfolios with strategic investments in new categories and nonalcoholic offerings.
By Chris Casey • Jan. 25, 2024 -
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 -
Retrieved from Monster Energy on January 23, 2024
Monster Energy furthers alcohol push with hard tea
The product is the company’s second launch in the hard beverage space, following the successful debut of carbonated drink The Beast Unleashed in 2023.
By Chris Casey • Jan. 24, 2024 -
Courtesy of Athletic Brewing
How Athletic Brewing plans to prevail past Dry January
The nonalcoholic beer category leader is focused on educating moderation-minded drinkers about the nutritional benefits of the products, its CEO told Food Dive.
By Chris Casey • Jan. 23, 2024 -
Christopher Doering/Food Dive
Celsius broadens international reach with distribution deals in Canada, UK
The energy drink maker also has identified Germany, Japan and Australia as “big opportunities” for new markets as it increases its reach outside the U.S.
By Christopher Doering • Jan. 22, 2024 -
Courtesy of Vita Coco
Deep DiveTwo decades after its founding, Vita Coco is still fighting to silence skeptics
After weathering a demand downturn in coconut water and competition from Coca-Cola and PepsiCo, co-founder Mike Kirban said the brand can still avoid the same fate that doomed other once-trendy drinks.
By Christopher Doering • Jan. 22, 2024 -
Permission granted by Caribou Coffee
JDE Peet’s reaches $260M licensing deal with Caribou Coffee
The transaction will allow JDE Peet’s to expand its premium portfolio in North America, while giving Caribou the ability to focus on its growing coffeehouse business.
By Christopher Doering • Jan. 19, 2024 -
Tim Boyle via Getty Images
PepsiCo names insider to head North America beverage operations
Ram Krishnan, who joined the company in 2006, will succeed Kirk Tanner who is leaving on Feb. 2 to become CEO of restaurant chain Wendy’s.
By Christopher Doering • Jan. 19, 2024 -
Courtesy of Better Juice
Ingredion partners, invests in startup reducing sugar in juice
The deal allows the startup to accelerate the use of its technology in the U.S. while giving the ingredients giant another tool it can offer its customers looking to cut the sweetener.
By Christopher Doering • Jan. 18, 2024 -
Courtesy of Coca-Cola
Coca-Cola’s BodyArmor launches zero sugar offering in battle with Gatorade
The brand is optimistic that the sports drink will win over health-conscious consumers and fill a key void in its portfolio.
By Christopher Doering • Jan. 18, 2024 -
Courtesy of Diageo
Diageo settles legal dispute with Diddy over spirits brands
The alcohol giant, which is cutting ties with the rapper, will remain the sole owner of DeLeón tequila and Cîroc vodka.
By Chris Casey • Jan. 17, 2024 -
Courtesy of Jones Soda Co.
New flavors, formats driving cannabis-infused food and beverage products: Mary Jones
The Jones Soda brand has its sights on new products, including a new candy launch, as national efforts mount to reclassify marijuana.
By Chris Casey • Jan. 16, 2024 -
Courtesy of Nestle
Deep DiveThe key for growth in 2024 is innovation. Will more CPG companies embrace it?
Analysts said new products are more important than ever as consumers curtail their spending, seek items loaded with attributes important to them and navigate through a plethora of choices.
By Christopher Doering • Jan. 16, 2024 -
Permission granted by Oatly
Oatly launches new product variations for the first time in 5 years
The Swedish company’s Unsweetened and Super Basic Oatmilks are part of its efforts to reach a wider consumer base.
By Elizabeth Flood • Jan. 11, 2024 -
Courtesy of Suja Organic
Suja Organic enters protein shakes category
The brand known for cold-pressed juice is capitalizing on the growing demand for products with high protein.
By Chris Casey • Jan. 11, 2024 -
Courtesy of Bacardi
Drinkers seek natural, escapist cocktails in 2024: Bacardi survey
The rum maker predicts consumers' desire for affordable, small luxuries will benefit classic favorites like gin and tonic this year.
By Chris Casey • Jan. 10, 2024 -
Permission granted by Chobani
Chobani names PepsiCo executive as chief customer officer
John Frost will help the Greek yogurt giant grow its business and integrate its recently acquired La Colombe coffee brand.
By Christopher Doering • Jan. 10, 2024 -
Christopher Doering/Food Dive
Sales of sugary drinks plunge 33% in cities taxing those beverages, study finds
The American Beverage Association, which represents Coca-Cola and PepsiCo, said these taxes have not improved public health or reduced calories in a meaningful way.
By Christopher Doering • Jan. 9, 2024 -
Permission granted by Celsius
Q&ABeverage Diaries: What Celsius Holdings EVP Toby David does in a day
The former pro baseball player, turned CPG exec, shares his unusual journey from the big leagues to the C-suite and what gets him through his day.
By Lauren Elkies Schram • Jan. 9, 2024 -
Aja Koska via Getty Images
6 food trends to watch in 2024
Artificial intelligence will play a more prominent role in the new year as plant-based, traditional meat and breakfast cereal manufacturers face challenges in their sectors.
By Food Dive Staff • Jan. 9, 2024 -
Courtesy of Bellring Brands
ColumnLeftovers: Dunkin’ muscles into protein powder | Danone whips up International Delight cold foam creamer
The coffee chain is debuting Glazed Donut-flavored protein powder with Bellring Brands’ Dymatize line, and Oatly partners with a coffee retailer that has nearly 200 cafes.
By Food Dive staff • Jan. 5, 2024 -
Retrieved from Danone.
Danone to sell Horizon Organic and Wallaby brands to PE firm
The sale of its premium organic dairy businesses in the U.S. to Platinum Equity will allow the food and beverage maker to prioritize its health-focused offerings and reinvest in growth initiatives.
By Christopher Doering • Jan. 3, 2024 -
Scott Olson via Getty Images
Food and beverage makers to be ‘more careful and strategic’ with M&A in 2024
Inflation and higher interest rates are among the challenges expected to weigh on deal-making in the new year.
By Christopher Doering • Jan. 2, 2024 -
Courtesy of White Claw
RTD alcohol is embracing bold flavors. Here are 3 trends to watch.
Heat, hops and fruit flavors are growing across the category, but a move toward spirits-based beverages might leave many convenience retailers behind.
By Jessica Loder • Dec. 21, 2023 -
Courtesy of Sommarøy Spirits
Why Sommarøy sees promise in lower-alcohol spirits
The Chicago-based startup told Food Dive it sees great potential for its gin and vodka products to fill the gap between nonalcoholic and full-proof spirits.
By Chris Casey • Dec. 20, 2023
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