The explosive growth of the dairy alternative drinks market is driven by increased demand from consumers who do not want to fully commit to a plant-based diet but prefer to “pick and choose” to suit their lifestyle, according to Innova Market Insights.
BeatBox Beverages has grown from $230,000 in revenue (over 14 months) to more than $2m in sales, helped by a $1m investment from entrepreneur Mark Cuban, which the company has used to expand distribution and launch a single-serve format.
Creating a 'beer for women' simply won't work, say two beer sommeliers: instead, brands and retailers need to think carefully about how beer is labeled, advertised, and presented if they are to appeal successfully to female drinkers.
Campbell Soup Co. reported a 2% decline in net sales of its largest division, Americas Simple Meals and Beverages, for Q3 2017, largely due to a drop in sales of V8 beverages and capacity-related challenges in its refrigerated beverage portfolio.
The global alcoholic drinks market was in negative growth territory for the second year in a row registering a 0.2% in volume terms led by a slowdown of the North and Latin American markets, according to Euromonitor.
The non-alcoholic beer and low-alcohol beer sector (NABLAB) is growing against a background of stagnant beer volumes. Can innovation in this sector disrupt the entire beer industry and challenge the way we think about beer?
As Canadians age, they are drinking less beer with baby boomer women leading the decline in consumption. But cider and local craft beer can help soften some of the downturn, a recent Mintel report found.
Spirits Canada says it is ‘shocked and dismayed’ at an immediate increase in the federal excise duty for spirits, saying that manufacturers in the country already bear one of the highest tax burdens for spirits in the world.