Coca-Cola
Dasani Rolls Out 100 percent rPET Bottles In North America
Coca-Cola’s bottled water brand Dasani is rolling out 100 percent rPET bottles across the US and Canada this summer. In Canada, all Dasani bottles will be available in 100 percent recycled plastic; in the US only Dasani’s 20-oz. and 1.5-liter singles and 10-oz. and 12-oz. multipacks will be in the new packaging due to limited rPET supply. The new packaging features large ‘100% recycled bottle’ messaging and ‘recycle me again’ call-to-action messages. The brand’s transition to 100 percent recycled plastic is projected to save more than 20 million pounds of new plastic, compared with 2019, and cut more than 25,000 metric tons of greenhouse gas emissions in 2023.
Coca-Cola To Continue To Increase Prices
Coca-Cola Co. executives say the company will continue to increase prices on its products as it experiences higher costs. Over the course of the fiscal year, Coca-Cola expects commodity price inflation at high single-digit percentage growth rates, based on comparable costs of goods sold, up from a previously expected mid-single-digit percentage. This is primarily due to commodity cost increases across its concentrate and finished goods businesses. Other costs, including wages, transportation, media, and operating expenses, are also increasing and adding incremental pressures.
Coca-Cola Europacific Partners Promises 100 percent rPET In Plastic Bottles
Coca-Cola Europacific Partners promises further transitions to 100 percent rPET in plastic bottles across its portfolio. To meet this goal, CCEP will work to increase its collection rates and supply of food grade rPET and improve its recycling technologies. Coca-Cola wants to see 100 percent collection rates across all its markets by 2030. To increase its collection rates, CCEP will further invest into Deposit Return Schemes in Europe, Container Return Schemes in New Zealand, and Container Deposit Schemes in Australia. In markets such as Indonesia and the Pacific Islands, where the collection infrastructure is less developed, CCEP will directly fund and incentivize collection solutions through social enterprise and community support. To increase the supply of food grade rPET, CCEP aims to open more recycling plants through partnerships with recyclers. Furthermore, the company identifies the need to create value from plastics that are currently difficult to transform and is investing in depolymerization technology.
Danone
Danone Sees Strong North America Performance
Danone saw strong growth in North America in the first half of 2022 due to continued momentum across its coffee creamer, yogurt, and milk alternative brands. During the period, regional sales rose 16 percent to $3.2 billion as the renovation of the Oikos and Activia brands saw success and as International Delight and Silk brands continued to gain share. Danone updated its sales guidance, saying it now expects like-for-like sales to be in a range of 5-6 percent, up from 3-5 percent.
Keurig Dr Pepper
Keurig Dr Pepper Reports Strong Q2 Results
Keurig Dr Pepper has reported a 13.2 percent rise in revenue to $3.55 billion for Q2. As a result, KDP has raised its 2022 forecast for constant currency net sales growth to the low-double-digit range – up from its previous guidance of high-single-digit growth.
Keurig And BLK & Bold Coffee Announce New K-Cup Pod Partnership
Keurig Dr Pepper Inc. and BLK & Bold Specialty Beverages announced the launch of BLK & Bold coffees in K-Cup pods for the Keurig brewing system. BLK & Bold is the largest Black-owned coffee brand in the US and is driven by its social mission to support youth in need. For every product sold, the company pledges 5 percent of its profits to "For Our Youth" partners nationwide who are dedicated to supporting America's children. In support of its mission and in conjunction with the launch of BLK & Bold K-Cup pods, Keurig is donating to the Coffee Coalition for Racial Equity, a nonprofit committed to building a racially diverse and equitable coffee industry. Three of BLK & Bold Fair Trade-certified blends will be available in K-Cup pods, including Rise & GRND, Smoove Operator, and Brighter Days. Beginning this August, the pods will be available on BLK & Bold and Keurig’s websites and in store at Target and Albertson's, with more retailers to be added throughout the year.
Nestle
Microplastics Found In Nestlé Bottled Waters
According to a new report from NGO Agir pour l’Environment, 78 percent of bottled waters analysed in France are contaminated with microplastics. The non-profit commissioned Labocéa, a laboratory with microplastic analysis expertise, to test the best-selling brands in France’s bottled water market. Brands selected include Badoit, Carrefour, Cristaline, Evian (100% recycled bottle), Perrier (blue bottle), Vittel and Volvic. The highest number of microplastics identified in the study was in Nestlé’s Vittel Kids product, with 40 particles found in the 330ml bottle – equating to 121 particles per liter. Agir pour l’Environment hypothesized that microplastics found come from the bottle, cap and bottling process. The NGO is calling on the state to act and wants to see plastic bottles banned in France by 2027.
Nestlé Acknowledges Need For More Price Rises
Nestlé is planning to up its prices again in order to cover increasing costs in areas including raw materials, energy and labor. In Q1, the company upped its prices by 6.5 percent, which contributed to a 9.2 percent increase in reported sales and 8.1 percent growth on an organic basis. However, in regions including North America, Latin America and Europe, the company said the price increases were not enough to offset “significant inflation”. Though the categories and percentage have not been specified, Nestlé acknowledged that further price increases are necessary.
Other Companies
Sparkling Beverage Brand De Soi Raises $4 Million In Seed Funding
Non-alcoholic aperitif startup De Soi raised $4 million in seed funding round led by Willow Growth, with participation from Creative Arts Agency. Co-founded by singer Katy Perry, De Soi debuted earlier this year with a line of low-calorie, adaptogen-infused sparkling beverages. De Soi’s sparkling beverages serve as an alternative to alcohol, contain no refined sugar, and are available in three varieties - Golden Hour, Purple Lune, and Champignon Dream. Its products are currently sold online on its website and on Amazon, and in-store in California retailers including Foxtrot, Erewhon, Boisson and Total Wine. De Soi will use the injection of capital to expand its retail footprint nationwide.
Capri Sun Cuts Sugar In Original Juice Portfolio By 40 percent
Kraft Heinz Company-owned Capri Sun announced the roll-out of its original juice drink pouches with an average of 40 percent less sugar than the current product. Each single serving will now have on average 8g of total sugars and 5g of added sugars. The reformulation is several years in the making and uses monk fruit concentrate to decrease Capri Sun’s sugar level while maintaining its taste. All flavors will hit retailer shelves this month in new packaging highlighting the reduction.
Scent Flavored Water System Air Up Launches In US
German company Air Up has recently launched its scent flavored water system in the US. Air Up offers a specially designed water bottle that creates the impression of a flavored beverage using a round scent cartridge made from natural extracts. Each pod comes in a small, sealed packet and has enough natural scent to flavor about five liters of water. Through its reusable water bottle and pods, Air Up aims to increase water consumption in a healthy and sustainable way. The company has raised a total of $67.9 million, with investors including PepsiCo, Ashton Kutcher and Mila Kunis. In the US, Air Up has launched on its website with 10 flavors including lemon, cucumber, mango-passionfruit and peach.
Merit Introduces Peazazz C Pea Protein For Smooth RTD Protein Beverages
Merit Functional Foods has introduced its newest ingredient, Peazazz C, a high purity pea protein that enables a smooth, grit-free texture in ready-to drink beverages. Grittyness, chalkiness and sediment are some of the biggest hurdles faced by plant protein formulators as they develop RTD protein beverages for the growing category. Peazazz C is Merit’s proposed solution, with a high solubility and low viscosity that enables a smooth texture even at higher, double-digit protein inclusion percentages. Peazazz C is Canadian-grown and produced with full traceability back to the farm.
ITO EN Launches Matcha LOVE ENERGY +
Green tea company ITO EN North America has introduced matcha LOVE ENERGY +, a plant-based functional energy drink line. Matcha LOVE ENERGY + is made of a Japanese matcha and green tea blend with functional ingredients such as catechin antioxidants, Vitamin C and L-Theanine. The energy drink comes in three varieties: Soothe with Honey & Ginger, Immunity with Acerola & Yuzu, and Focus with Blueberry & Ginseng. Matcha LOVE ENERGY + will be available online and in specialty and natural food stores, grocery and supermarkets nationwide.
ThaiBev
ThaiBev May Not Proceed With BeerCo Spin-Off
Thai Beverage may decide not to proceed with its proposed spin-off listing of brewery unit BeerCo on the Singapore Exchange (SGX) if the board deems it to not be in the interest of shareholders. ThaiBev had previously received a no-objection letter from SGX for the proposed listing in February 2021, but later deferred the transaction due to market uncertainties amid the pandemic. The proposed transaction involves a public offering of up to 20 percent of the total number of issued ordinary shares of BeerCo.
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