Beverages: Page 29
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Photo by Askar Abayev on Pexels
Dry January participation dips, survey finds
Three-fourths of those choosing to abstain from alcohol for the first month of the year mentioned cost savings as a significant factor in their decision, Morning Consult found.
By Chris Casey • Jan. 12, 2023 -
Permission granted by Richard's Rainwater
From cloud to bottle: Richard’s Rainwater turns to raindrops for a sustainable beverage
The company forecasts sales to top $10 million in 2023, and has benefited from growing demand for earth-friendly products and recent water quality concerns.
By Christopher Doering • Jan. 12, 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 -
Courtesy of Rio Tinto
Constellation Brands warns of consumer sensitivity to price increases
CEO Bill Newlands said his company plans "more muted" hikes after prior ones slowed sales growth.
By Christopher Doering • Jan. 10, 2023 -
Brandon Bell via Getty Images
Deep Dive7 trends shaping food and beverage in 2023
The year begins with a new focus on giving consumers what they want, from RTD cocktails to tech-enabled products to sustainability to better labeling.
By Christopher Doering , Chris Casey , Megan Poinski • Jan. 10, 2023 -
Courtesy of PepsiCo
PepsiCo sets its sights on Gen Z with Starry, a Sprite competitor
After dwindling sales of Sierra Mist, the beverage giant is pitching its latest offering as a “fun escape” for young consumers.
By Chris Casey • Jan. 9, 2023 -
Permission granted by Kind
ColumnLeftovers: Kind softens its approach to granola; Hippeas takes on Doritos
The Mars-owned snacking brand’s new launch brings a chewier texture to its classic offering, and Rasa taps into adaptogens for new brews.
By Food Dive staff • Jan. 6, 2023 -
Catherine Douglas Moran/Food Dive
Oatly sells some manufacturing capacity to co-packer Ya YA Foods for $98.1M
After a year plagued with production problems, the publicly traded company will focus on its proprietary oat base, while the Canadian co-manufacturer will take over its Utah and Texas plants.
By Megan Poinski • Jan. 4, 2023 -
Courtesy of Clif Bar
2022’s top M&A deals in the food and beverage industry
Last year saw companies turn to dealmaking as a way to quickly gain presence in fast-growing categories or strengthen their position in existing ones.
By Christopher Doering • Jan. 3, 2023 -
Courtesy of Kellogg
ColumnLeftovers: New Kellogg treats make winter sweet; Stony Creek and Bigelow tea up new brews
The cereal giant is bringing two indulgent new offerings to breakfast and snack time, and vegan brand GrownAs* debuts mac and cheese with 10 grams of protein per serving.
By Food Dive staff • Dec. 16, 2022 -
Permission granted by Coca-Cola
How Coca-Cola turns to its Freestyle machine to create shelf-ready flavors
The CPG’s 50,000 dispensers, which pour more than 11 million drinks each day, have inspired four beverage creations that have made it to bottles and cans.
By Christopher Doering • Dec. 15, 2022 -
Courtesy of Poppi
Functional soda Poppi raises $25M
The beverage maker also bulked up its C-suite by appointing former Anheuser-Busch executive Lana Buchanan as its chief marketing officer.
By Christopher Doering • Dec. 13, 2022 -
Courtesy of NotCo
NotCo raises $70M to make its AI available to other companies
The Chile-based company will build on its recent joint venture with Kraft Heinz to bring the power of its Giuseppe algorithm to an array of manufacturers.
By Megan Poinski • Dec. 12, 2022 -
Courtesy of C4
Keurig Dr Pepper spends $863M for stake in C4 Energy maker
The beverage giant will own 30% of Nutrabolt with opportunities to increase its ownership. The companies also entered into a long-term sales and distribution agreement.
By Christopher Doering • Dec. 8, 2022 -
Courtesy of Pernod Ricard
Pernod Ricard to spend $250M building carbon-neutral distillery in Kentucky
The spirits maker said the investment “doubles down” on the future sustainability of American whiskey and the “strong growth — and growth potential” in the company’s portfolio.
By Christopher Doering • Dec. 8, 2022 -
Retrieved from Pernod Ricard.
Kahlúa touts full traceability of key coffee ingredient
The liqueur, which is owned by Pernod Ricard, said brands and retailers are facing mounting pressure from customers to provide greater transparency into their supply chains.
By Christopher Doering • Dec. 7, 2022 -
Courtesy of PepsiCo
PepsiCo to double use of reusable packaging to 20% by 2030
To meet the target, the beverage giant plans to prioritize four areas, including growing the company’s SodaStream platform and expanding its refillable plastic and glass bottle offerings.
By Christopher Doering • Dec. 5, 2022 -
vgajic via Getty Images
Consumers want specific health and wellness benefits in their products in 2023, study finds
Just being healthy or functional alone won’t be enough for food and beverage offerings next year, Tastewise says after analyzing billions of social media interactions, restaurant menus and recipes.
By Megan Poinski • Dec. 5, 2022 -
Courtesy of The Hershey Company
ColumnLeftovers: Hershey bursts into Hot Chocolate Bombs; Premier Protein flips for pancakes
The confection and snacking giant is bringing its own spin to the wintertime drink, and Kraft Heinz hopes its Lunchables Holiday Packs will give parents the gift of more time to prepare presents.
By Food Dive Staff • Dec. 2, 2022 -
Catherine Douglas Moran/Food Dive
A taste of Food Dive’s best stories
From the struggles of plant-based meat to Kellogg’s proposed split, Food Dive writes about the news that moves the CPG industry.
By Food Dive Staff • Dec. 2, 2022 -
Courtesy of Huel
Huel closes $24M investment round
Actor Idris Elba is among the backers for the British meal replacement company, which is now valued at $560 million.
By Megan Poinski • Dec. 1, 2022 -
Christopher Doering/Food Dive
Upstart bottled water makers thirst for differentiation in $40B industry
While companies like PepsiCo and Coca-Cola dominate the space, brands looking to carve out their own niche are touting better-for-you products and sustainability attributes to stand out.
By Christopher Doering • Dec. 1, 2022 -
Courtesy of Truss Beverage Co.
Molson Coors to exit CBD business venture in US, end La Colombe partnership
The beverage giant said uncertainty over federal legalization for cannabis and a desire by the coffee maker to combine product segments were behind the decisions.
By Christopher Doering • Nov. 22, 2022 -
Courtesy of Nestlé
Nestlé’s Nespresso to debut paper-based compostable capsules
The new pods will be piloted in France and Switzerland in spring 2023, and will complement the brand’s existing aluminum option.
By Christopher Doering • Nov. 22, 2022 -
Permission granted by Balchem
Sponsored by BalchemThe intersection between performance and longevity
With consumers staying more active and living longer than ever before, Balchem has identified a marketplace whitespace at the intersection of performance and longevity.
Nov. 21, 2022 -
Courtesy of Nestlé
ColumnLeftovers: Sipping lasagna with Stouffer’s Bloody Mary Mix; Spam brings figgy pudding across the pond
The Nestlé brand brings savory flavors to a cocktail glass, and Stuffed Puffs coats its new marshmallow snack with crushed Cinnamon Toast Crunch.
By Food Dive staff • Nov. 18, 2022
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