Non-alcoholic beverage retail growth remained positive, up 13% over the two week period ending January 14, 2023, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. However, sales decelerated year-over-year as increases in average pricing (+15.9%) drove volume down (-2.9%).
Alabama-based Milo’s Tea Company is constructing a new $130 million manufacturing and production facility in Spartanburg County, South Carolina, its fourth plant in the U.S.
As Dry January participants enter their final stretch, this week’s new products gallery features alcohol-free drinks from Simply and DRY Soda Co. which are rolling out nationwide. As well, classic CSD brands introduce new and revamped flavors, Rockstar Energy expands its better-for-you offerings and BodyArmor pays tribute to the troops.
Traverse City Whiskey Co. has broken ground on a new 70,000 square foot distillery in hopes of turning Northern Michigan into a hub for whiskey in the Midwest.
Wholly Veggie co-founders John Bonnell and David Gaucher spoke about how a comprehensive brand brief enabled them to better understand their products’ value to retailers and consumers and the impact of a striking design revamp. They also discussed their adherence to business fundamentals, a challenging environment for private capital and how the most commonly consumed ingredients factor into their innovation strategy.
Yerba mate company Guayaki has raised $75 million in a funding round, according to a January 13 SEC filing by the company. The filing reflects over half of the company’s $142.8 million offering amount in the equity fundraise, with $67.8 million remaining to be sold.
De La Calle president Danielle Calabrese has left Here Studio's tepache beverage brand. Wheatgrass RTD company MāKā brought on Jeff Maher to lead a national distribution push in natural and industry veteran Dave Peacock has been appointed the new CEO of Advantage Solutions.
Since 2013, e-commerce platform ReserveBar has specialized in selling luxury spirits and wine — now it wants to supply your next tailgate, too.
Dry January may be in full swing, but that hasn’t stopped spirits brands from rolling out new offerings. In this roundup of new whiskey releases, Fercullen Irish Whiskey makes its U.S. debut and Woodford Reserve unveiled this year’s edition of Double Double Oaked Bourbon.
Despite its name, The Specialty Food Association’s Winter Fancy Food Show returned to the Las Vegas Convention Center with plenty of new product innovations in the beverage set, including novel formats in the bubble tea space, updating positioning for kombucha brands and growing prominence for outer space aesthetics.
Fresh off the conclusion of the 2023 Winter Fancy Food Show, Taste Radio editor Ray Latif highlighted new, innovative and better-for-you products from over a dozen exhibitors at the annual event, including a plant-centric soup brand, spicy and chewy candy, sunflower seed-based milk, non-alcoholic wine alternatives and gourmet marshmallows.
Consumers have filed a class action lawsuit against spirits giant Sazerac claiming the company’s malt-based Fireball Cinnamon has misled them because it lacks the whisky base of its parent brand, Fireball Cinnamon Whisky.
Reusable bottled water brand PATH is charting its course for 2023 with several new executive hires; New York-based branding company has named Chris Cuvelier as its new Chief Growth Officer; Nirvana Water Sciences has filled two key sales roles; 100 Coconuts has appointed two key executives.
As the name suggests, its focus may be on food, but this year’s annual Winter Fancy Food Show saw its share of beverage innovation, from ALO debuting its new sparkling juice line, DaoHer adding a new Crème Brûlée flavor to its dessert-inspired boba line and Gutsy branching out from the kombucha set. Scroll down for the full gallery.
