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BEVERAGES

--------------------------------------------------------------------------------

 * Permission granted by Vita Coco
   Deep Dive
   
   
   HERE’S HOW CPGS ARE BRACING FOR MORE VOLATILITY IN 2023
   
   After a year of inflation, war and supply chain disruptions, companies are
   taking steps to prepare their operations to weather a period of prolonged
   uncertainty.
   
   By Christopher Doering • Jan. 17, 2023
 * Permission granted by PepsiCo
   
   
   PEPSICO OVERHAULS RECIPE FOR ITS ZERO SUGAR COLA
   
   The change, which creates a drink the company says more closely mirrors its
   namesake beverage, could help it gain ground on Coca-Cola’s Zero Sugar
   offering.
   
   By Christopher Doering • Jan. 17, 2023
 * Courtesy of Molson Coors
   
   
   MOLSON COORS DEBUTS NONALCOHOLIC RTD COCKTAIL LINE
   
   The company is only selling its Roxie drinks online to test the waters and
   see how they perform.
   
   By Chris Casey • Jan. 13, 2023
 * Permission granted by Richard’s Rainwater
   
   
   FROM CLOUD TO BOTTLE: RICHARD’S RAINWATER TURNS TO RAINDROPS FOR A
   SUSTAINABLE BEVERAGE
   
   The company forecasts sales to top $10 million in 2023, and has benefited
   from growing demand for earth-friendly products and recent water quality
   concerns.
   
   By Christopher Doering • Jan. 12, 2023
 * 

 * Photo by Askar Abayev on Pexels
   
   
   DRY JANUARY PARTICIPATION DIPS, SURVEY FINDS
   
   Three-fourths of those choosing to abstain from alcohol for the first month
   of the year mentioned cost savings as a significant factor in their decision,
   Morning Consult found.
   
   By Chris Casey • Jan. 12, 2023
 * Brandon Bell via Getty Images
   Deep Dive
   
   
   7 TRENDS SHAPING FOOD AND BEVERAGE IN 2023
   
   The year begins with a new focus on giving consumers what they want, from RTD
   cocktails to tech-enabled products to sustainability to better labeling.
   
   By Christopher Doering , Chris Casey , Megan Poinski • Jan. 10, 2023
 * Courtesy of Rio Tinto
   
   
   CONSTELLATION BRANDS WARNS OF CONSUMER SENSITIVITY TO PRICE INCREASES
   
   CEO Bill Newlands said his company plans “more muted” hikes after prior ones
   slowed sales growth.
   
   By Christopher Doering • Jan. 10, 2023
 * Courtesy of PepsiCo
   
   
   PEPSICO SETS ITS SIGHTS ON GEN Z WITH STARRY, A SPRITE COMPETITOR
   
   After dwindling sales of Sierra Mist, the beverage giant is pitching its
   latest offering as a “fun escape” for young consumers.
   
   By Chris Casey • Jan. 9, 2023
 * 
 * Permission granted by Kind
   Column
   
   
   LEFTOVERS: KIND SOFTENS ITS APPROACH TO GRANOLA; HIPPEAS TAKES ON DORITOS
   
   The Mars-owned snacking brand’s new launch brings a chewier texture to its
   classic offering, and Rasa taps into adaptogens for new brews.
   
   By Food Dive staff • Jan. 6, 2023
 * Catherine Douglas Moran/Food Dive
   
   
   OATLY SELLS SOME MANUFACTURING CAPACITY TO CO-PACKER YA YA FOODS FOR $98.1M
   
   After a year plagued with production problems, the publicly traded company
   will focus on its proprietary oat base, while the Canadian co-manufacturer
   will take over its Utah and Texas plants.
   
   By Megan Poinski • Jan. 4, 2023
 * Courtesy of Clif Bar
   
   
   2022’S TOP M&A DEALS IN THE FOOD AND BEVERAGE INDUSTRY
   
   Last year saw companies turn to dealmaking as a way to quickly gain presence
   in fast-growing categories or strengthen their position in existing ones.
   
   By Christopher Doering • Jan. 3, 2023
 * Courtesy of Kellogg
   Column
   
   
   LEFTOVERS: NEW KELLOGG TREATS MAKE WINTER SWEET; STONY CREEK AND BIGELOW TEA
   UP NEW BREWS
   
   The cereal giant is bringing two indulgent new offerings to breakfast and
   snack time, and vegan brand GrownAs* debuts mac and cheese with 10 grams of
   protein per serving.
   
   By Food Dive staff • Dec. 16, 2022
 * 
 * Permission granted by Coca-Cola
   
   
   HOW COCA-COLA TURNS TO ITS FREESTYLE MACHINE TO CREATE SHELF-READY FLAVORS
   
   The CPG’s 50,000 dispensers, which pour more than 11 million drinks each day,
   have inspired four beverage creations that have made it to bottles and cans.
   
   By Christopher Doering • Dec. 15, 2022
 * Courtesy of Poppi
   
   
   FUNCTIONAL SODA POPPI RAISES $25M
   
   The beverage maker also bulked up its C-suite by appointing former
   Anheuser-Busch executive Lana Buchanan as its chief marketing officer.
   
   By Christopher Doering • Dec. 13, 2022
 * Courtesy of NotCo
   
   
   NOTCO RAISES $70M TO MAKE ITS AI AVAILABLE TO OTHER COMPANIES
   
   The Chile-based company will build on its recent joint venture with Kraft
   Heinz to bring the power of its Giuseppe algorithm to an array of
   manufacturers.
   
   By Megan Poinski • Dec. 12, 2022
 * Courtesy of C4
   
   
   KEURIG DR PEPPER SPENDS $863M FOR STAKE IN C4 ENERGY MAKER
   
   The beverage giant will own 30% of Nutrabolt with opportunities to increase
   its ownership. The companies also entered into a long-term sales and
   distribution agreement.
   
   By Christopher Doering • Dec. 8, 2022
 * Courtesy of Pernod Ricard
   
   
   PERNOD RICARD TO SPEND $250M BUILDING CARBON-NEUTRAL DISTILLERY IN KENTUCKY
   
   The spirits maker said the investment “doubles down” on the future
   sustainability of American whiskey and the “strong growth — and growth
   potential” in the company’s portfolio.
   
   By Christopher Doering • Dec. 8, 2022
 * Retrieved from Pernod Ricard.
   
   
   KAHLÚA TOUTS FULL TRACEABILITY OF KEY COFFEE INGREDIENT
   
   The liqueur, which is owned by Pernod Ricard, said brands and retailers are
   facing mounting pressure from customers to provide greater transparency into
   their supply chains.
   
   By Christopher Doering • Dec. 7, 2022
 * Courtesy of PepsiCo
   
   
   PEPSICO TO DOUBLE USE OF REUSABLE PACKAGING TO 20% BY 2030
   
   To meet the target, the beverage giant plans to prioritize four areas,
   including growing the company’s SodaStream platform and expanding its
   refillable plastic and glass bottle offerings.
   
   By Christopher Doering • Dec. 5, 2022
 * vgajic via Getty Images
   
   
   CONSUMERS WANT SPECIFIC HEALTH AND WELLNESS BENEFITS IN THEIR PRODUCTS IN
   2023, STUDY FINDS
   
   Just being healthy or functional alone won’t be enough for food and beverage
   offerings next year, Tastewise says after analyzing billions of social media
   interactions, restaurant menus and recipes. 
   
   By Megan Poinski • Dec. 5, 2022
 * Courtesy of The Hershey Company
   Column
   
   
   LEFTOVERS: HERSHEY BURSTS INTO HOT CHOCOLATE BOMBS; PREMIER PROTEIN FLIPS FOR
   PANCAKES
   
   The confection and snacking giant is bringing its own spin to the wintertime
   drink, and Kraft Heinz hopes its Lunchables Holiday Packs will give parents
   the gift of more time to prepare presents. 
   
   By Food Dive Staff • Dec. 2, 2022
 * Catherine Douglas Moran/Food Dive
   
   
   A TASTE OF FOOD DIVE’S BEST STORIES
   
   From the struggles of plant-based meat to Kellogg’s proposed split, Food Dive
   writes about the news that moves the CPG industry.
   
   By Food Dive Staff • Dec. 2, 2022
 * Courtesy of Huel
   
   
   HUEL CLOSES $24M INVESTMENT ROUND
   
   Actor Idris Elba is among the backers for the British meal replacement
   company, which is now valued at $560 million.
   
   By Megan Poinski • Dec. 1, 2022
 * Christopher Doering/Food Dive
   
   
   UPSTART BOTTLED WATER MAKERS THIRST FOR DIFFERENTIATION IN $40B INDUSTRY
   
   While companies like PepsiCo and Coca-Cola dominate the space, brands looking
   to carve out their own niche are touting better-for-you products and
   sustainability attributes to stand out.
   
   By Christopher Doering • Dec. 1, 2022
 * Courtesy of Truss Beverage Co.
   
   
   MOLSON COORS TO EXIT CBD BUSINESS VENTURE IN US, END LA COLOMBE PARTNERSHIP
   
   The beverage giant said uncertainty over federal legalization for cannabis
   and a desire by the coffee maker to combine product segments were behind the
   decisions.
   
   By Christopher Doering • Nov. 22, 2022

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