Setting its sights on becoming one of the top kombucha brands in the U.S., Better Booch is targeting new growth channels including food service and ecommerce as it continues its nationwide expansion. The brand has placed an increased focus on health-based fast casual restaurant chains, with the brand entering By Chloe and Veggie Grill stores this fall.
Medical grade meal replacement producer Kate Farms announced today it has closed a $51 million Series B funding round led by Goldman Sachs and Kaiser Permanente Ventures. The round marks the second set of financing raised by Kate Farms this year, following a $23 million Series A-1 round which was closed in April. This new round brings the company’s total fundraising to $99 million.
Fitness energy drink Celsius is nearing the $100 million mark in annual revenue for 2020 after the company reported $36.8 million in revenue during the third quarter, a new company record and an 80% rise from the same period last year.
In a sign that the at-home consumption trend appears as strong as ever, non-alcoholic beverage sales were up 12.2% year-over-year in the two-week period ending October 31, and up 12.7% in the four-week period, according to an analysis of Nielsen data by Goldman Sachs.
Probiotic juice shot maker So Good So You is getting a boost of its own with today’s announcement that the Minneapolis, Minnesota-based company has closed a $14.5 million funding round led by Prelude Growth Partners.
After taking a deep dive into the category dynamics and trends on the Expert Analysis portion of the show, the focus for this month’s episode of Category Close-Up: Plant-Based Milks & Creamers shifts to the brands that are driving the action on-shelf in retailers nationwide on Product Showcase.
BevNET Live Winter 2020 will feature Designer Speed Dating on Tuesday, December 8. For this round, brands have the opportunity to meet one-on-one with CPG designers. Speed Dating provides a virtual platform for brands to receive feedback on their packaging and create partnerships to do business.
Tiger Seed is a line of USDA Certified Organic beverages that feature non-carbonated formulations and are sweetened with agave. The line has three flavors, including Gingerade, Turmeric Tea and Matcha Mint.
Ginger beer maker Reed’s reported 21% increase in net sales to $10.6 million in the third quarter, according to the company’s latest earnings report, setting the company on track to project 19% growth for the year.
With its third line launch of the year -- a set of low-sugar fruit smoothies which are rolling out at retail now -- plant-based beverage maker Koia is seeking to grow its presence in the cold case. The Koia Smoothie line is available in four flavors: Magic Mango, Rise & Shine, Straw-nana Dream and Tropical Passion.
As the first in a slate of new products set to arrive over the next 18 months, Smart Cups’ Refreshers line -- which launched online today -- is set to help the company drive home its core message with a wider target demographic.
In this episode of Category Close-Up, we’ll be exploring the plant-based milk and creamer category from a variety of perspectives, starting today with our Expert Analysis panel discussion. Over the course of an hour, we’ll hear how this rapidly evolving space is presenting both opportunities and challenges to distributors, retailers and brands, as well as how the overall market dynamics and trends are shaping the outlook for industry analysts and investment bankers.
Sarah Frey, founder & CEO of Frey Farms, spoke about how she engineered her company’s remarkable turnaround despite having no formal business training, how she identified and utilized advantages her company had over larger competitors and how she navigated Walmart’s corporate culture. She also discussed how consumers’ relationship with food has evolved during the Covid era and what she’s learned about building a beverage brand.
NotMilk will debut in Whole and 2% Reduced Fat varieties, which will retail for $4.99 for a 64 oz. carton. Like NotCo’s other products, the milk was developed by matching the animal proteins found in traditional milk to their “ideal replacement” among “thousands” of plant-based ingredients.