At-home consumption, ready-to-drink momentum driving canned beverage trends

“The industry really is different than what it was just a few years ago. We’re seeing a difference in how consumers are behaving,” said one leader at Crown Holdings.

By Maria Rachal • Sept. 14, 2023

Bacardi buys Ilegal to capture premium mezcal market

The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.

By Chris Casey • Sept. 14, 2023

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Inside the functional beverage frenzy

Major companies like PepsiCo and Monster are adding ingredients to boost emotional or physical wellness as consumers demand more out of their drinks.

By Food Dive staff

Canopy Growth’s BioSteel sports drink files for bankruptcy as cannabis firm looks to save cash

While the beverage has been growing rapidly and remains “an attractive asset,” Canopy’s CEO said it does not align with his business’ asset-light strategy. 

By Christopher Doering • Sept. 14, 2023

Hain Celestial to restructure business to boost growth, generate millions in savings

The changes mark the first major shakeup to the organic and natural products maker since CPG veteran Wendy Davidson took the helm as CEO in January.

By Christopher Doering • Sept. 14, 2023

Molson Coors boosts its investment in Zoa Energy

The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.

By Chris Casey • Sept. 12, 2023

Coca-Cola launches beverage created with the help of artificial intelligence

Coca-Cola Y3000 is the latest flavor to launch under the company’s Creations platform designed to highlight its signature soda while drawing in younger consumers.

By Christopher Doering • Sept. 12, 2023

Coca-Cola to sell BodyArmor outside the US for the first time

The sports drink’s CEO said the launch of the beverage in Canada in 2024 is “just the start of our expansion to new countries and consumers.” 

By Christopher Doering • Sept. 7, 2023

PepsiCo’s Muscle Milk flexes into plant-based category

The offering allows the brand, with nearly half a billion in sales annually, to participate in a category that consumers are turning to more frequently throughout their day.

By Christopher Doering • Sept. 7, 2023

PepsiCo brings hydration juggernaut Gatorade into water

The electrolyte-infused beverage, which was developed by the CPG giant to help support all-day hydration, will start hitting shelves in 2024.

By Christopher Doering • Sept. 7, 2023

From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo

The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.

By Christopher Doering • Sept. 6, 2023

Nestlé’s Nespresso thriving as innovation stokes demand

Alfonso Gonzalez Loeschen, the brand’s CEO in North America, discusses the benefits of its DTC model, the effects of inflation and how the platform is responding to young coffee drinkers.

By Christopher Doering • Sept. 5, 2023

Leftovers: Planters falls for donuts | Crackers sip on chardonnay

Hormel is debuting Planters Apple Cider Donut Cashews for a limited time, while Idahoan launches new potato shreds in two crave-worthy flavors.

By Food Dive Staff • Sept. 1, 2023

Campbell Soup’s move into snacks boosts sales amid flat results in soups and meals

The manufacturer of Goldfish and its namesake soups is aiming to accelerate growth through its purchase of Sovos Brands, the maker of fast-growing Rao’s sauces, for $2.7 billion.

By Christopher Doering • Aug. 31, 2023

Anheuser-Busch invests $22.5M in its Houston brewery

The Bud Light manufacturer said the money will go toward enhancing workplace safety, upgrading the plant’s cooling system and reducing electricity consumption.

By Christopher Doering • Aug. 29, 2023

Hain Celestial’s CEO describes her ‘prove it’ strategy as challenges loom

Wendy Davidson, who took over in January, said the organic and natural products giant has reached “an inflection point” where the 30-year-old business can “unlock” its potential.

By Christopher Doering • Aug. 29, 2023

Pepsi celebrates 125 years: Inside the marketer’s media blitz

A campaign celebrating an anniversary milestone and past iconic ads doubles as the official introduction of the brand’s new logo.

By Peter Adams • Aug. 29, 2023

The Drinkable Company gives RTD coffee, tea and soda an added buzz with cannabis

The new brand from two beverage industry veterans is launching the products to meet consumers at different occasions, and is planning to launch on a state-by-state basis.

By Chris Casey • Aug. 25, 2023

Craft rum market poised to reach $2.5B by 2031

As young consumers prefer artisanal alcohol, the increased demand has created significant opportunities for small producers. 

By Chris Casey • Aug. 23, 2023

Imperfect Foods aims for sustainability-minded drinkers with wine partnership

In collaboration with beverage platform Drinks, the upcycled food and beverage retailer is selling wine that would have gone to waste or is produced with eco-friendly practices.

By Chris Casey • Aug. 22, 2023

American Beverage names veteran insider as new CEO

Kevin Keane has served in the role on an interim basis for the trade group, which represents Coca-Cola, PepsiCo and other beverage companies.

By Christopher Doering • Aug. 21, 2023

How Unilever’s Liquid I.V. is quenching a rise in thirst for hydration drinks

An executive with the electrolyte mix explained why the brand is launching new items with better-for-you attributes — and how its product line could evolve.

By Chris Casey • Aug. 17, 2023

Gen Z’s complicated relationship with food comes down to taste, affordability

Ketchum research found while sustainability, animal welfare and LGBTQ rights are important factors for these consumers, they are not significant purchase drivers.

By Christopher Doering • Aug. 16, 2023

A non-alcoholic revolution

The sustained upward momentum in alcohol alternative beverages is revolutionizing the beverage industry. 

By Simon O’Brien • Aug. 14, 2023

Flavor and ingredients provider IFF struggles as consumers cut back on spending

The company slashed its outlook and said volumes are not expected to recover in the second half of the year.

By Christopher Doering • Aug. 10, 2023

Food bankruptcies surging as companies struggle with shift in consumer habits, access to cash

Tattooed Chef and Do Good Foods are just two of the highest-profile firms to file in 2023, with analysts predicting further bankruptcies in plant based, sustainability and alternative agriculture.

By Christopher Doering • Aug. 9, 2023