Latest News in the food Industry

Beverage

Adaptogenic coffee raises $2.7 million to reimagine coffee

Adaptogenic coffee raises $2.7 million to reimagine coffee

24 Aug 2020

Coffee company, Taika, raised $2.7M in seed funding for its adaptogen-infused, ready-to-drink (RTD) beverages. The investment round was led by Kindred Ventures with participation from Obvious Ventures and World Champion Barista James Hoffman. In the co...

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Australia is converting stale beer into electricity

Australia is converting stale beer into electricity

21 Aug 2020

When lockdowns closed pubs, watering holes around Australia found themselves saddled with kegs of ales and lagers that were slowly passing their expiration date. However, instead of dumping them down the drain – which would require additional disposal ...

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Lemon water brand gets celebrity investment

Lemon water brand gets celebrity investment

18 Aug 2020

Cold-pressed lemon water beverage, Lemon Perfect, closed a $6.6 million funding round led by Beechwood Capital, The Big Squeeze, Goat Rodeo Capital, LivWell Ventures, Melitas Ventures, R3 Venture Partners, the RCV Frontline Fund, the Stage 1 Fund, and...

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Oskar Blues Brewery partners with French’s for a mustard beer

Oskar Blues Brewery partners with French’s for a mustard beer

14 Aug 2020

To honor National Mustard Day in the U.S., yellow mustard brand French’s paired up with Oskar Blues Brewery to produce French’s Mustard Beer. The wheat beer is available for a limited time in Oskar Blues Brewery taprooms as well as online at CraftShack...

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Unilever to divest most of its tea business but keep RTD Lipton

Unilever to divest most of its tea business but keep RTD Lipton

7 Aug 2020

After a nearly seven-month review of its tea business, Unilever announced that it would divest the majority of its €3 billion ($3.5 billion) tea business, which includes tea brands PG Tips, Pukka Herbs and Tazo that generated €2 billion ($2.3 billion) ...

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Coca-Cola to launch Topo Chico hard seltzer brand in Latin America

Coca-Cola to launch Topo Chico hard seltzer brand in Latin America

6 Aug 2020

The hard seltzer market has seen phenomenal growth and now Coca-Cola is getting into the space with the launch of Topo Chico Hard Seltzer. Coke announced the alcoholic beverage will be released in select cities in Latin America later this year. In 2021...

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Chobani releases a functional non-dairy beverage

Chobani releases a functional non-dairy beverage

5 Aug 2020

Chobani released a non-dairy probiotic drink to further its efforts to expand out of animal-based dairy. The functional beverage is made with an oat base, has 80 calories, 11 grams of sugar and is made with organic, non-GMO ingredients.

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Dairy free segment gets a banana milk

Dairy free segment gets a banana milk

4 Aug 2020

The non-dairy category has exploded in recent years from a category dominated by soy milk to a market with milks made from nuts, grains and plant-based protein sources. Now, the category has a banana milk.

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Kombucha Brewers International releases code of practice to standardize kombucha

Kombucha Brewers International releases code of practice to standardize kombucha

3 Aug 2020

U.S. kombucha trade association Kombucha Brewers International (KBI) established a code of practice that outlines the quality standards for the production of this fermented beverage. The trade group is also working on releasing a seal for manufacturers...

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Following second quarter earnings report, Coca-Cola looks to drop more brands

Following second quarter earnings report, Coca-Cola looks to drop more brands

30 Jul 2020

After Coca-Cola announced the discontinuation of its Odwalla juice brand earlier this month, Coke's CEO James Quincey said during the company's second quarter earnings call that more of the CPG giant’s brands will be on the chopping block in the near f...

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Anheuser-Busch releases Busch Light Apple beer

Anheuser-Busch releases Busch Light Apple beer

24 Jul 2020

It’s not yet fall, but Anheuser-Busch launched an apple-flavored lager under its Busch Light line. This is the first time in 65 years that the Busch Beer brand has released a flavored beer product, and it will be available for a limited time in select ...

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Analysts report Monster Beverage likely to enter hard seltzer segment

Analysts report Monster Beverage likely to enter hard seltzer segment

21 Jul 2020

Stifel analyst Mark Astrachan released a report stating that he expects energy drink giant Monster Beverage to enter both the hard seltzer space and the non-alcoholic sparkling water category.

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