Beverage brands make up Top 3 for food and beverage category
April 4, 2017
Chicago-based Information Resources Inc. (IRI) announced last year’s most successful consumer packaged goods (CPG) launches in its 2016 New Product Pacesetters report, an industry-recognized benchmark analysis of exceptional first-year CPG sales success for newly launched products.
Although it has been available in the U.S. beverage market for about 15 years, kombucha has gained broad consumer appeal within the past several years, according to New York-based Beverage Marketing Corporation’s (BMC) September 2016 report titled “U.S. Ready-To-Drink Tea through 2020.” As health and wellness has progressed from a niche interest to mass consumer appeal, this beverage segment has reaped the benefits.
CNBC’s “Mad Money with Jim Cramer” rarely is short on advice when it comes to the next hot stock. For the beer market, the release and sales of numerous hard sodas and seltzers helped contribute to the “hot” performance of the flavored malt beverage (FMB)/progressive adult beverage (PAB) segment in 2016.
The NFL playoffs are in full swing, but for a majority of football fans, they are left waiting for next year. From now until the draft takes place at the end of April in Philadelphia, super fans will be keeping a watchful eye on mock draft predictions. Although these football analysts invest a lot of time and research into these mock drafts, prognosticating the outcomes for 32 different teams is no easy feat.
Ingredient companies highlight expansions, new studies
October 14, 2016
Geneva, Switzerland-based Firmenich announced that it is opening its first flavor facility in Lagos, Nigeria. Designed to expand the company’s footprint in all flavor business segments across the region, the new state-of-the-art facility features labs for sweet goods, beverages and savory product development, as well as offices, it says. The new facility will serve more than 200 customers across 30 countries in Sub-Saharan Africa, it adds.
With natural and clean-label trends proliferating in the consumer packaged goods (CPG) market, many CPG companies are transitioning from artificial to natural ingredients. Among those in high demand are natural vanilla ingredients.
The Institute of Food Technologists (IFT) saw more than 23,000 attendees at IFT16: Where Science Feeds Innovation. The organization’s annual meeting and food expo, which took place July 16-19 at McCormick Place in Chicago, featured various speakers, poster presentations, scientific sessions and a sold-out expo floor that had 1,222 exhibitors.