Custom beverage machine startup Bevi has raised $16.5m in funding to launch its counter-top beverage dispenser model and expand its North American footprint with the ultimate goal of making packaged beverage waste obsolete.
The list of beverages consumers drink on a daily basis is becoming more restricted, but sparkling water has maintained a prime spot and is perceived as an everyday indulgence, according to Euromonitor.
Fast casual restaurants are tapping into the increasingly time-crunched, yet health-focused schedule of consumers, by providing healthy, guilt-free beverage options while satisfying their desire for occasional indulgence.
Dr. Pepper Snapple Group (DPS) reported a 1.3% bump in revenue for Q1 2017 rising to $1.51bn from $1.49bn with its ginger ale brands showing the highest gains, while net profits dropped 3% due the acquisition of Bai Brands.
Despite declining market share, there is hope for soft drink manufacturers who can adapt to the highly-competitive beverage market by utilizing major health trends like reduced sugar and digestive benefits, GlobalData research found.
Dr. Pepper Snapple Group (DPS) experienced modest volume growth of 1% for the full-year ending December 31, 2016, largely due to positive performance of the company’s water portfolio, which was offset by low growth in soda sales.
A.G. Barr saw second half trading performance strengthen, crediting the launch of sugar-free Irn-Bru Xtra and sparkling water Rubicon Spring for helping boost sales in a ‘highly competitive’ UK market.