Beverages: Page 28
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Good Culture partners with Dairy Farmers of America on probiotic milk
The upstart is expanding beyond its roots in cottage cheese as it aims to tap into growing consumer demand for better-for-you offerings.
By Chris Casey • March 3, 2023 -
FDA says plant-based milk labels should indicate nutritional differences
Dairy groups showed support of the long-awaited draft guidance, while those representing alternative proteins argue that the recommendations are unfair.
By Megan Poinski • Feb. 23, 2023 -
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 -
Nestlé’s Blue Bottle brews up interest in premium coffee through ultra-rare launch
The offering is part of the brand’s Exceedingly Rare program from single origin coffees that are often available in small quantities. The current batch came from about 290 pounds of beans.
By Christopher Doering • Feb. 22, 2023 -
Soylent acquired by Starco Brands
The price paid for the plant-based nutritional beverage and snack brand was not disclosed by either company.
By Megan Poinski • Feb. 22, 2023 -
Nestlé sells fewer products after raising prices
The world's largest food company said it's planning further price increases as it hasn't been able to offset the impact of inflation.
By Christopher Doering • Feb. 21, 2023 -
Column
Leftovers: Morningstar Farms fries up Chik’n with Pringles; Reese’s aims to tame animal crackers
Kellogg is harnessing the power of its classic snack for its new plant-based meat offering, and frozen Italian meals brand Michael Angelo’s enters a new category with a line of pasta sauces.
By Chris Casey • Feb. 17, 2023 -
Boston Beer refreshes Truly as hard seltzer enters ‘post-hype era’
As the peak season approaches for the alcohol offering, the company is rolling out new packaging and clearer messaging to help its brand stand out.
By Christopher Doering • Feb. 16, 2023 -
Kraft Heinz to launch IHOP coffee in April
The offering, part of a multi-year agreement with the restaurant chain, will allow the CPG to tap into its current expertise in the beverage category with its Maxwell House brand.
By Megan Poinski • Feb. 16, 2023 -
Retrieved from BodyArmor.
Coca-Cola struggles to integrate $5.6B purchase of BodyArmor
The purchase of the sports drink, the largest in the company’s history, led to more “disruption in the short-term” than expected, CEO James Quincey said, but he remains optimistic about the brand’s future.
By Christopher Doering • Feb. 15, 2023 -
Food inflation to remain volatile despite recent improvements, trade group says
While prices in January increased 11.3% compared to the same month a year earlier, the annual rate was the lowest since April, according to the government — a sign the surge in grocery costs could be moderating.
By Chris Casey • Feb. 14, 2023 -
No- and low-alcohol category tops $11B in 2022 with growth accelerating, IWSR says
The data firm said the segment is forecast to post a CAGR topping 7% through 2026, compared to greater than 5% from 2018 to 2022.
By Christopher Doering • Feb. 14, 2023 -
Coca-Cola debuts ‘transformation-flavored’ soda in its latest limited-time offering
Move, part of its Creations platform, doesn’t promote a flavor, such as cherry or vanilla, but rather a mood.
By Christopher Doering • Feb. 13, 2023 -
Column
Leftovers: Dr Pepper adds strawberries and cream; Social Brew flips into pancakes with a purpose
The beverage maker brings the fruity flavor to its latest product, and Nyak Cognac debuts two new flavors in collaboration with rapper Trina.
By Food Dive staff • Feb. 10, 2023 -
J&J Snack Foods to add 3 new distribution centers in bid to simplify network
The snack maker says the new facilities will boost efficiencies by reducing party logistics locations.
By Kate Magill • Feb. 8, 2023 -
Inside PepsiCo’s strategy to grow its iconic $21B snacking portfolio
Parth Raval, the division's chief growth officer, said the CPG giant is exploring different ingredients, packaging formats and flavor offerings to strengthen its dominant presence in the category.
By Christopher Doering • Feb. 7, 2023 -
Bacardi buys majority of Jay-Z’s cognac brand, ending legal battle
The entertainer and businessman created D’Ussé with the alcohol maker, but filed a series of lawsuits challenging the company’s valuation of his share.
By Megan Poinski • Feb. 6, 2023 -
Retrieved from Danone.
Danone exploring options, including a sale, for US organic dairy business
The review includes the Horizon Organic and Wallaby brands, which represent 3% of the company’s global revenues and have been a drag on growth and margins.
By Christopher Doering • Jan. 30, 2023 -
Column
Leftovers: Hormel brings chili cheese beer to the Super Bowl party; Dolly Parton adds to her baking line
The craft lager made in partnership with Modist Brewing Co has a “chip-like” base, spices and cheese powder; and Sara Lee mixes vegetables into white bread.
By Food Dive staff • Jan. 27, 2023 -
Coca-Cola extends its Simply juice brand into mixers
Simply Mixology joins similar offerings from PepsiCo and Keurig Dr Pepper as nonalcoholic beverage companies make inroads into alcohol mixers and mocktails.
By Christopher Doering • Jan. 27, 2023 -
Vita Coco’s reinvention: How reassessing its customer base is paying off
The New York company has watched its sales and marketing soar as consumers gravitate toward its better-for-you offering and industry giants such as Coca-Cola exit the category.
By Christopher Doering • Jan. 25, 2023 -
Danone names 3 deputy CEOs to head top divisions
The restructuring will help the yogurt and water maker improve its decision-making, execution and growth, the company said. The executives will report to CEO Antoine de Saint-Affrique.
By Christopher Doering • Jan. 20, 2023 -
Nestlé invests $43M in Wisconsin factory expansion
The CPG giant will increase capacity for its Boost and Carnation Breakfast Essentials drinks, and the zero waste-to-landfill facility will have several energy, water and waste saving features.
By Chris Casey • Jan. 18, 2023 -
PepsiCo overhauls recipe for its Zero Sugar cola
The change, which creates a drink the company says more closely mirrors its namesake beverage, could help it gain ground on Coca-Cola's Zero Sugar offering.
By Christopher Doering • Jan. 17, 2023 -
Deep Dive
Here’s how CPGs are bracing for more volatility in 2023
After a year of inflation, war and supply chain disruptions, companies are taking steps to prepare their operations to weather a period of prolonged uncertainty.
By Christopher Doering • Jan. 17, 2023 -
Molson Coors debuts nonalcoholic RTD cocktail line
The company is only selling its Roxie drinks online to test the waters and see how they perform.
By Chris Casey • Jan. 13, 2023