Growth keeps bubbling up for sparkling water, so for the second edition of Category Close-Up, a video series available exclusively to BevNET and NOSH subscribers, we’re taking a deep dive into the market trends and dynamics -- as well as the innovative brands and products -- that are currently shaping the sparkling water category.
The Coca-Cola Company announced today it will discontinue coconut water brand Zico by the end of the year as part of a long term project to drop underperforming product lines from its portfolio. The move comes after months of declining sales for the brand, which Coke acquired in 2013.
The show guests, Ibrahim Basir of A Dozen Cousins, Arnulfo Ventura of Beanfields and Ayesha Abuelhiga of Mason Dixie Baking Co. launched Project Potluck last month with a mission of building a ladder of opportunity for minorities in the food and beverage business who have long faced systemic issues around hiring, fundraising, mentoring, and other areas that are key to creating both successful companies and successful careers in the CPG industry.
In an interview with BevNET, Perteet Spence, VP of Strategic Solutions at SPINS, discussed the current state of the kombucha industry, including how multi-serve bottles and shelf-stable formats are influencing growth, how flavors are diversifying across channels and the rise of the alcoholic kombucha category.
LifeAID Adds 1,000 Target Stores; Sol-ti Expands to Sprouts; NewAge to Distribute Wingman Smart Energy; VIDE Adds Savannah Distributing; Marquis Adds DSD Houses in the West
Jeanne David, founder & CEO, Outer Aisle spoke about how being early on several current food trends helped the brand land its first major retailer, why the company aims to “revolutionize” a legacy food category, why she decided not to outsource manufacturing and why she urges entrepreneurs to use experienced advisors during a fundraising process.
The shift away from on-premise use occasions sparked by the COVID-19 pandemic has inspired beverage companies to respond with unique innovations for at-home consumption, according to a new report from Rabobank’s research division.
Launched this spring by a trio of industry veterans, Culture Pop is a line of mid calorie sugar sweetened sodas that are uniquely flavored and enhanced with probiotics. The initial lineup includes four flavors: Orange Mango Chili & Lime, Wildberry & Peppercorn, Ginger Lemon & Turmeric and Watermelon Lime & Rosemary.
This week, the California-based brand announced it has closed a $23 million Series B funding round led by an unnamed family office. The round also saw participation from Convivialite Ventures, punk musician Fat Mike of the band NOFX, sports analyst Pat McAfee and prior investor Velvet Sea Ventures, among others.
Philadelphia-based coffee roaster La Colombe has entered an exclusive partnership with Molson Coors Beverage Company to distribute the brand’s ready-to-drink coffee products in the drug and convenience channels starting in 2021, with plans to eventually transition distribution for all channels to the Molson Coors network over time.
Monster Beverage Corp. saw dollar sales growth decelerate in the two week period ending September 19, up 4.9% year over year compared to stronger 6.6% growth in the 4-week period and a 7% increase in the 12-weeks, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
September’s new product launches (or announcements, in some cases) reflected a wide variety of unique flavor innovations, ranging from spicy -- courtesy of cannabis-infused social tonic Cann and new cacao brand Blue Stripes -- to sweet, as in an apple pie-inspired hydration mix from Liquid I.V.
Explore challenges and opportunities in the infused product space during “CBD Today and Tomorrow”, freshen up on sparkling water and ice cream with our Category Close-Up series, participate in investor speed dating and hear from entrepreneurs and experts during Office Hours, Elevator Talk and a new show from NOSH’s Editor Carol Ortenberg.
We’re adding an in-studio interactive audience for BevNET and NOSH’s signature learning and strategy show, Office Hours, which will tape on Oct. 2 at 10:30 a.m. EDT, so come join us as we speak with the people behind Project Potluck, a new group focused on building opportunities for diverse members of the entrepreneurial community.
