Non-alcoholic beverage sales saw modest acceleration over the two-week period ending February 26, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Dollar sales were up 14.8% in the two weeks and grew 11.5% for the 52-weeks, however Goldman noted that the period included Super Bowl Sunday, which occurred prior to the period the year before.
In this video, recorded last week at Natural Products Expo West 2022 in Anaheim, California, Orgain founder and CEO Andrew Abraham discussed the strategic decisions that helped set the stage for the company’s acquisition, how Nestlé will open new doors for the brand, and the new innovations the brand is debuting this year.
Former Starbucks CEO Howard Schultz is returning to the company on an interim basis, following the resignation of chief executive Kevin Johnson, effective April 4. Schultz, will also rejoin the company’s board of directors as it searches for a permanent replacement, according to media reports this morning.
In this dispatch from Natural Products Expo West 2022, we look at several of the Asian-inspired coffee launches including Vietnamese, Thai and Indonesian styled innovations. As well, a plant-based milk tea brand, Twrl, made its Expo debut and dairy cooperative Organic Valley introduced new innovations for new and expecting mothers.
With war and inflation dominating headlines, consumers are looking for ways to unwind however they can, and New York-based beverage startup Leilo, maker of a line of kava-based relaxation beverages, is hoping to be the solution.
With the opening of its new CPG marketing services division, L.A. Vibrations, SoCal-based beverage incubator L.A. Libations has taken another step towards becoming a complete one-stop shop for startup brand building.
Spring is almost here and the latest ready-to-drink cocktail launches are preparing for the warm weather occasions, including new lemonade flavored vodka seltzers, shareable ready-to-serve margaritas, authentic Mexican tequila drinks and a canned Cosmopolitan.
Nutrition, health and wellness financings increased 25% in 2021 as M&A activity returned to pre-pandemic levels, according to the latest Healthy Living Consumer Products webinar by advisory firm Whipstitch Capital and SPINS today.
Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA released today.
Fitness energy drink maker CELSIUS enjoyed record growth in its Q4 2021 and full year earnings report released this week, with revenue up 140% to $314.3 million. Domestic revenue rose 186% to $273 million for the year while international revenue was up 17% to $41.2 million from the previous year. Gross profit was up 111% to $128.2 million.
Less than a year after launching its first non-kombucha offering with its functional Adaptonic products, Colorado-based beverage brand Rowdy Mermaid is taking another step beyond its roots in kombucha with Adaptonic Clarity, a line of sparkling drinks made with Lion’s Mane mushrooms.
With rumors circulating that it may be closing in on a merger deal, Monster Beverage Corporation reported record growth for the fourth quarter and full year 2021 in an earnings report this week, with 2021 net sales up 20.5% to over $5.5 billion.
As the company celebrates the completion of its three-year merger period, Keurig Dr Pepper (KDP) reported high single-digit growth for Q4 and the full year 2021 in an earnings report today, posting an 8.7% net sales increase for the quarter and 9.2% growth to $12.6 billion for the year.
New York-based investment firm KKR announced today it has entered an agreement to acquire a majority stake in Refresco Group B.V., one of the largest independent beverage contract manufacturers worldwide. Terms of the deal were not disclosed.
