Beverages: Page 46
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Permission granted by Vita Coco
Once-hot food and beverage IPOs lose their sizzle as investor enthusiasm fades
A review of 13 companies that have gone public since July 2020 through traditional IPOs or mergers with SPACs show all but one of the listings are trading below where they first came to market.
By Christopher Doering • Nov. 2, 2021 -
Retrieved from BodyArmor.
Coca-Cola buys rest of BodyArmor for $5.6B in company's largest-ever purchase
The beverage giant first acquired a 15% stake in 2018. The brand has since grown to become the second-best selling sports drink with $1.4B in sales, behind PepsiCo's Gatorade.
By Christopher Doering • Nov. 1, 2021 -
Courtesy of Brave Robot
ColumnLeftovers: Brave Robot bakes sustainability into cake mix; Tropicana says you can brush your teeth and drink OJ too
Perfect Day's animal-free milk protein enters a new category, and Beastie Boys go intergalactic in Source Brewing's limited-release beer.
By Food Dive staff • Oct. 29, 2021 -
Permission granted by Celsius
Celsius is luring consumers that don't want 'grandfather's energy drink,' CEO says
Despite the pandemic and fierce competition from Red Bull and Monster, the company expects record sales of its functional beverage this year after posting a 74% jump in 2020.
By Christopher Doering • Oct. 28, 2021 -
Sean Gallup via Getty Images
Climate change is affecting coffee flavor and aroma, study says
Researchers noted additional work will be needed to determine how carbon dioxide, water and temperature impact the quality of the bean.
By Jessi Devenyns • Oct. 28, 2021 -
Courtesy of Hershey
Hershey enters premium milk with a2 partnership
The chocolate beverage, which is scheduled to hit retailers' shelves in January, is the confectionery giant's first collaboration with a premium milk company.
By Christopher Doering • Oct. 27, 2021 -
Permission granted by Vita Coco
From its birth in a bar to an IPO, Vita Coco sets its sights next on dominating healthy beverages
Co-CEO Mike Kirban said his company, which grew sales 9% in 2020, is looking toward innovation and M&A to expand its portfolio of better-for-you, functional and plant-based drinks.
By Christopher Doering • Oct. 26, 2021 -
Permission granted by Coca-Cola
Coca-Cola, Unilever among top plastic polluters, report says
The findings, which detail the 10 CPGs whose products produce the highest amount of plastic waste in the world, question the efficacy of companies' sustainability pledges.
By Chris Casey • Oct. 25, 2021 -
Sponsored by Faravelli, Inc
InstaKOMBUᵀᴹ powder: A new innovative format for high-profile kombucha
InstaKOMBU™, fermented natural Kombucha Powder: bringing instant innovation to a millenarian drink.
Oct. 25, 2021 -
Permission granted by Kemin
Natural preservatives get fresh look amid clean label push
Ingredients such as citric acid, ascorbic acid, vinegar and rosemary extract preserve products' characteristics, prevent spoilage during shipping and increase their lifespan.
By Christopher Doering • Oct. 21, 2021 -
Permission granted by Cometeer
Frozen coffee startup Cometeer raises $35M in latest funding round
The company, which uses liquid nitrogen to freeze coffee and touts its recyclable packaging, has received $100 million in total funding thus far.
By Chris Casey • Oct. 20, 2021 -
Courtesy of PepsiCo
ColumnLeftovers: PepsiCo goes for a home run with Cracker Jack soda; Country Archer enlists world's hottest chili pepper for jerky
The CPG giant pops in caramel and peanut flavors to its classic beverage, while Sonic takes its drink flavors beyond the restaurant's drive-in parking lots.
By Food Dive staff • Oct. 15, 2021 -
Courtesy of Barry Callebaut
Barry Callebaut launches nutraceutical drink made from cacao fruit
Elix, which is made from juice of the fruit that has been traditionally thrown away, is packed with flavonols and will be available for beverage manufacturers to use in wellness drinks.
By Megan Poinski • Oct. 15, 2021 -
Courtesy of PepsiCo
Coca-Cola and PepsiCo wade into booze amid an uncertain future
Coca-Cola's partnership with Molson Coors and its rival's collaboration with Boston Beer give the nonalcoholic beverage giants a unique option in their portfolios to attract consumers.
By Christopher Doering • Oct. 14, 2021 -
Courtesy of Givaudan
Givaudan bulks up natural colors business with purchase of DDW
The acquisition marks the latest in a series of deals for the Switzerland-based company as it responds to growing demand for better-for-you offerings.
By Jessi Devenyns • Oct. 14, 2021 -
Retrieved from Vita Coco on September 02, 2020
Keurig Dr Pepper affiliated entity to buy $20M in Vita Coco stock as part of IPO
The soda, water, tea and coffee giant is Vita Coco’s largest distributor customer, accounting for 19% of its total net sales in 2020.
By Christopher Doering • Oct. 13, 2021 -
Retrieved from PepsiCo.
PepsiCo debuts Rockstar infused with hemp seed oil nationwide
The functional beverage, which is marketed as a way to encourage relaxation and improve mood, also contains B vitamins, spearmint, lemon balm and caffeine.
By Christopher Doering • Updated Feb. 1, 2022 -
Courtesy of Constellation Brands
Constellation Brands latest to face headwinds in slowing hard seltzer space
The beverage company plans to change the flavor and taste of its Corona Hard Seltzer to "better align" with changing consumer preferences and differentiate itself in a crowded category, according to its CEO.
By Christopher Doering • Oct. 8, 2021 -
Courtesy of Kraft Heinz
ColumnLeftovers: Grey Poupon gets a wine mashup; Old El Paso rolls out Takis-flavored taco shells
Kraft Heinz pairs the tangy flavors of its dijon mustard with a Napa Valley viognier, while Conagra teams up with Little Caesars to bring its ExtraMostBestest Pepperoni Pizza to Bigs sunflower seeds.
By Food Dive staff • Oct. 8, 2021 -
Courtesy of Danone
How Danone deconstructed milk to create a more realistic plant-based option
Executives at the France-based company are optimistic the taste and texture of Silk Nextmilk and So Delicious Wondermilk will convince dairy lovers hesitant to make the switch.
By Christopher Doering • Oct. 7, 2021 -
PepsiCo CFO anticipating continued price hikes due to inflation
Hugh Johnston said the CPG giant has suffered from supply chain constraints, but, because of its advanced planning, is faring "better than most."
By Jane Thier • Oct. 5, 2021 -
Permission granted by Karma Beverages
Karma debuts CBD water distributed by Constellation Brands
The alcohol giant has a minority stake in the enhanced water brand and in Canopy Growth, which provides the hemp-sourced CBD for the beverages.
By Chris Casey • Oct. 5, 2021 -
Courtesy of Living Essentials LLC
5-hour Energy launches full-sized carbonated beverage
The company's 2-ounce energizing shot dominates its category, but the new 16-ounce drinks will have much more competition.
By Jessi Devenyns • Oct. 5, 2021 -
Permission granted by PepsiCo
How PepsiCo is harnessing data to help retailers increase sales
The food and beverage giant's Pepviz platform uses analytics, data science and other tools to ensure a store is carrying the right product mix and optimizing shelf space.
By Christopher Doering • Oct. 4, 2021 -
Justin Sullivan via Getty Images
California beverage makers struggle to meet upcoming recycled content requirements
Bottlers must use at least 15% postconsumer resin in plastic containers by 2022, but a recent CalRecycle report shows major manufacturers like Coca-Cola and Anheuser-Busch are behind.
By Jacob Wallace • Oct. 4, 2021
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