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niche brands make their mark in beverage sector as new trends guide growth
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the sweet spot in the beverage market, long dominated by a handful of major brand lines, has shifted to niche products that target a diverse set of consumer needs, occasions, and benefits.so what consumer needs can today’s beverages profitably quench? according to the a new report from the center for culinary development (ccd) and packaged facts, beverage trends: culinary trend mapping report, two drivers are spurring sales in the beverage market: * better-for-you - the number-one driver in the new beverage landscape, including functional, nutritional boost, and holistic wellness beverages * quality quest - including organic, local, artisan-made, and retro/nostalgic beverages cocktails, for example, are shaking it up again. fueled in part by the passion of creative bartenders and artisan spirit-makers, cocktails are experiencing a renaissance as they connect to consumer interest in retro experiences. having struck such a powerful chord among consumers, the mysteries of mixology will spill over to inspire new versions of non-alcoholic packaged beverages. coconut water, meanwhile, has been making an impact overseas where recent advances in technology and packaging has helped it drift from beachside to store shelf, where single-serve packages boast an impressive range of health benefits. coconut water’s reported health benefits have helped drive sales. the report also noted the rise of stevia in the wake of approval from the us food standards regulator last year (it also received approval from fsanz here in australia). stevia has been called the “holy grail” of sweeteners: it comes from a natural source, and has all of the sweetness of sugar but none of the calories. the fda announcement caused immediate commotion in the beverage world; within days, stevia-sweetened drinks that had been waiting in the wings were rushed to market by carbonated soft drink manufacturers hoping to reverse the declining fortunes of that category. other beverage trends seen include exotic functional flavours such as acerola and yumberry; kombucha, drinking vinegars, and “ayurveda in a bottle” drinks redolent of eastern wisdom, holistic health, and longevity. new soft drinks with cane sugar and exotic natural flavours; and functional kids’ beverages that promise a host of benefits for developing bodies are also on the rise. the market potential for on-trend new beverages remains significant, with diverse segments ranging from gen y teens to savvy gen x parents and ageing boomers looking for what’s next in healthful and premium new drinks. “because of this diversity in consumer demographics and psychographics the beverage market is an arena with plenty of room for growth and innovation,” kimberly egan, ceo of the center for culinary development, concluded. -->
Source :ausfoodnews.com.au
Date :
6
October
2009
Category :
Beverages
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mello yello, coca-cola’s longtime competitor to pepsico’s mountain dew, is channeling the spirit of 1979 in an attempt to break out of its perennial also-ran status. the new mello yello cans, which began appearing on shelves over the last few weeks, hearken back to the brand’s introduction that year with a pair of green- and light-red l’s “strolling off the edge of the can,” as coke describes it. the somewhat retro look is part of coca-cola’s plan to expand the brand’s distribution beyond its current regional footprint.
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leading food manufacturers and retailers in the uk have committed to reducing the carbon impact of grocery packaging by 10 per cent over the next two years. in the second phase of the voluntary courtauld commitment, 28 leading food companies have agreed to move beyond solely weight-based targets to embrace goals that demand more sustainable use of resources over the entire product lifecycle.
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in a presentation today before a federal trade commission forum, grocery manufacturers association (gma) senior vice president and chief government affairs officer mary sophos outlined new data showing that children today are seeing fewer food, beverage and restaurant advertisements. and the mix has shifted to more ads that promote healthful choices. gma and its members have a longstanding commitment to help arrest and reverse obesity trends around the world, said sophos.
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tetra pak, a food processing and packaging solutions company, has revealed that uk and irish customers will now be able to use the forest stewardship council (fsc) label across the brands. the tetra pak cartons in the uk and ireland can now use paperboard sourced from fsc certified forests and other controlled sources.the company said that this development is first in europe, where a key liquid food and drink packaging manufacturer is able to launch a large scale roll out.
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sales in the long-established carbonated drinks segment have been flat to slightly down over the past five years, according to mintel, a leading market research company. during 2003-08, mintel estimates the regular soda segment lost 15.6 million consumers age 18 and over, and the diet soda segment only added half as many, or 7.8 million adult consumers. the chicago-based research company also found 34 percent of all adults who purchase beverages started drinking more water and fewer carbonated beverages to manage weight or other health conditions such as diabetes compared to 2006, as outlined in its "america's changing drinking habits" report (february 2009).
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as beverage groups increasingly look to launch soft drinks that can shake their often child orientated image, analysts suggest that premiumisation, packaging and health claims will be key factors in meeting this demand. however, in the second part of an article looking at opportunities for so-called sophisticated soft drinks, one company believes that taste, above all else, will be the key driver factor in differentiating its product.
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prices for food and drink have risen sharply in the uk over the last year, in a sign that higher input costs are increasingly being passed down the supply chain. food and drink prices rose six per cent in the uk in the year up to april, more than double the rate of inflation, according to a report by the organisation economic co-operation and development oecd's.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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