Lukas Southard is a Reporter covering the food and beverage industries across BevNET and NOSH.
The original founding team behind Muscle Milk is using a similar playbook of incremental distribution in gyms and specialty fitness retailers to grow a new hemp-infused, energy drink called Gym Weed.
Major League Baseball's decision to allow teams to partner with NSF-certified CBD brands opens the door for food and beverage companies to access a bigger market for consumers interested in hemp-based products.
Nearly one year removed from the company’s IPO filing, zero-sugar soft drink maker Zevia has announced a changing of the guard. Paddy Spence will cede his longtime role as CEO to President Amy Taylor on August 1, but remain Chair of the Board after he steps down.
Educational sessions and discussions covered topics ranging from NFTs to THC during the second day of BevNET Live Summer 2022. Highlighted by a wild conversation with Bang Energy founder Jack Owoc, Thursday’s agenda also featured a beverage data dive from SPINS, Liquid Death’s work in web3 and insights into TikTok’s role in creating the next generation of CPG stars.
SYSTM Foods, the strategic partnership of private equity firm SYSTM Brands and venture capital fund PowerPlant Partners, staked its first claims on the impact-focused food and beverage category on Wednesday by announcing it has acquired Chameleon Coffee from Nestlé USA, along with independent functional beverage brand REBBL.
A new report by the Specialty Food Association shows that growth in the specialty food market has changed as the pandemic’s evolution over the last two years has brought dramatic price increases and a shift in consumer shopping and eating priorities. The category grew by 7.4% in 2021 as compared to 5.8% in 2020, reaching $175 billion in sales.
Koia is strengthening its partnership with NBA All-Star Chris Paul and apparel brand Support Black Colleges to fund historically Black colleges and universities (HBCUs) with the launch of a limited-edition version of its Cinnamon Horchata flavor protein shake.
Strong demand for RTD products and millennial consumer buying trends helped the global beverage alcohol market to bounce back from the previous year’s losses and grow by 12% to $1.17 million, recovering from pandemic-driven value losses of -4% in 2020.
Minnesota-based food and beverage company SunOpta forecasts it will double its business by 2025 with focused investment in more aseptic manufacturing capacity that will service its move into the RTD nutrition category and will help grow its oat-based products division.
Industry leaders and investors warned CPG entrepreneurs that brands need to plan for a tighter investment market if they hope to survive in the rapidly changing economic climate at a Wednesday panel discussion hosted by the Naturally Network.
Non-alcoholic beverage sales growth accelerated thanks to strong volume across nearly all categories in the two-week period ending May 21, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
Reed’s Inc. leadership is optimistic that a recent infusion of capital and moving deeper into RTD beverage alcohol will help offset anemic net revenue growth in Q1 2022, as revealed in its quarterly earnings report published on Tuesday.
Fitness-focused energy drink maker Celsius continues to make strides in growing its share of the energy drink market, reporting a 167% year-over-year increase in revenue to a record $133.4 million in its Q1 earnings report released on Tuesday.
Last week, Kayla Castañeda, CEO and co-founder of Hanford, Calif.-based startup and BevNET New Beverage Showdown 21 champion Agua Bonita, posted an Instagram story highlighting how Coca-Cola-owned Minute Maid’s recently launched Aguas Frescas feature marketing similar to her company’s “Real AF” advertising campaign.
