Items Tagged with 'new product development'

Artificial intelligence continues to be an asset for beverage-makers. Progression in AI’s capabilities has led to increasing usage in terms of insights, supply chain and much more within the beverage industry. 

Although new brand failure rates remain high, over the past decade, most leading new products have not emerged through brand extensions. A few big companies have found success, yet most standouts were entrepreneurial ventures. 

In today’s competitive market, beverage-makers work to quickly deliver innovative products to capture consumer interest.

The readers of Beverage Industry have selected their favorite new product released in January and the results are out.

Broomfield, Colo.-based International Delight, a brand of Danone North America, announced the introduction of its Cold Foam Creamer, an innovative new format that effortlessly elevates coffee creations.

L.A. Libations’ Co-Founder and CEO Danny Stepper details that relationships are the foundation on which the beverage incubator, creator and accelerator company is built on.

Given the thirst for new products by consumers, the editors at Beverage Industry want to give readers information about new beverage launches with our new monthly eNewsletter: Beverage Innovations.

With the global artificial intelligence (AI) market size to grow from $86.9 billion in 2022 to $407 billion by 2027, beverage-makers can find ways to use AI to strengthen their business.

As consumers embrace unconventionality, beverage-makers are developing new products that support that sentiment. Trends reports show that inspiration even is coming from outside the planet.

With consumers demanding more from their beverages, brand owners are employing a myriad of concepts to help the next generation of new products succeed.