Seattle-based Starbucks Corp. announced the development of a new, patent-pending cold-extraction process that produces a concentrated, smooth-tasting shot of cold-pressed espresso.
As millennials age and iGeneration consumers gain buying power, their consumption habits of coffee beverages are growing and changing. In conjunction with health-and-wellness trends and functional benefits, coffee has become a go-to category for these consumers who look for premium, specialty and value-added products.
KonaRed Corp., Koloa, Hawaii, reported record sales growth during the second quarter of fiscal 2017. The company continues to gain sales momentum with second quarter sales surpassing those from the first quarter of 2017 and solidifying another banner quarter, it says.
When it comes to coffee, consumers are looking for premium products in both hot and cold varieties to get their coffee fix. “Consumers are increasingly demanding specialized, high-quality coffee products, particularly in single-use servings.
Secret Squirrel Cold Brew Coffees and Teas, a brand of Pure Steeps Beverage LLC, expanded its offerings with the addition of three new flavored black coffees.
Adding to its expanding portfolio of coffee beverages, Califia Farms introduced Black Label Cold Brew Coffees, a line of ready-to-drink (RTD), all black, cold-brew coffees.
KonaRed Corp., Koloa, Hawaii, the manufacturer of premium Hawaiian Cold Brew and Whole Bean Coffee, announced that its comparative revenue grew by 132 percent from $174,000 in Q3 2015 to $404,000 for the three-month period ending Sept. 30. Revenue for the comparative nine-month period grew by 34 percent from $587,000 to $789,000, the company says.