Coca-Cola
Coca-Cola Taiwan Launches Label-Less Bottled Water Bonaqua
Coca-Cola Taiwan has launched bonaqua as its first individual sale label-less bottled water in Taiwan. The locally produced alkaline water is packaged in 100% recyclable bottles that replace plastic labels with laser incising technology. bonaqua will serve as the company’s flagship product for its “World Without Waste” mission. The campaign works towards more sustainable packaging management, with the wider goal to collect and recycle the equivalent of every bottle or can it sells worldwide by 2030.
Coca-Cola HBC Flags $195M Hit From Russian Operations
Coca-Cola HBC announced it took a one-time hit of $195.4 million in the first half from costs related to its Russian business after it stopped selling its products in the country. The bottler expects further related charges of about $89 million in the second half. Despite the costs, Coca-Cola HBC its expecting annual comparable operating profit above market expectations, at around $800-900 million.
Other Companies
Instant Beverage Premix Category To Be Worth $137 Billion By 2031
Recent research by Allied Market Research emphasized the growing popularity of the instant beverage premixes category, including instant coffee, tea and cocktails. According to AMR, the global instant beverages premix market is expected to garner $137 billion by 2031, growing at a CAGR of 6.1 percent from 2022 to 2031. AMR claims the category has benefitted from the pandemic. During the global lockdown, the demand for instant beverages increased significantly as cafes, restaurants and bars closed. Furthermore, as people spent more time at home, they had more time and motivation to experiment with new flavors and drinks. The increase in health awareness due to the pandemic has further boosted the market growth. Instant beverage premixes often contain vitamins, edible acids, and fruit and vegetable extracts, and make health claims such as offering healthy hydration and boosting metabolism.
Anora Invests €5m In Non-Alcoholic Beverage Company Ish
Wine and spirits brand house Anora has made a €5 million investment in Ish, taking a 26 percent stake in the Danish non-alcoholic beverage company. Founded in Copenhagen, Ish offers a broad portfolio of award-winning non-alcoholic spirits, wines and ready-to-drink beverages. Anora’s investment will allow Ish to expand its sales and marketing capabilities and drive forward new product launches. It will also encourage international growth; Anora will soon distribute Ish’s products in Norway, Sweden and Finland and is considering expansion to more of Europe and North America. Due to convertible loans and its warrant program, Anora’s minority shareholding in Ish can be diluted to 20 percentover the next couple of years.
Remedy+ Releases ‘The Power Pack’ Two-Piece Natural Energy Set
Plant-based supplement company Remedy Products will launch a pre-packaged energy boosting set named ‘The POWER PACK’, which includes Remedy+’s cherry chocolate flavored hemp protein snack bar, The BAR, and its CBD infused energy drink The SHOT. The POWER PACK is Remedy+'s first multi-product package and will begin rolling out in convenience stores, pharmacies and grocery chains across the US later this month at an MSRP of $7.49 per unit.
Bickford Group Launches Yerbi Energy Drink In Australia
Bickford’s Group has launched its natural, ‘jitter-free’ energy drink Yerbi in Australia. The brew contains yerba mate and guarana for a smooth and long-lasting caffeine boost. It is sweetened with vanilla and honey and contains 6.9g of sugar per 100ml. Yerbi will be available in Woolworths, Foodland SA, Drakes, Romeo’s Retail and other independent supermarket networks.
Non-Alcoholic Spirit Brand Seedlip Benefitting From Discovery And Health Trends In APAC
Non-alcoholic spirit brand Seedlip believes that the strength of new product discovery as well as health and wellness trends in the Asia Pacific region are key industry drivers that are set to propel the sector to new heights, especially in Singapore. In the Asia Pacific region, the new product discovery trend is strongly driving consumer purchases. Furthermore, the overall emphasis on health and wellness due to the COVID-19 pandemic has driven demand for healthier adult beverage options that do not contain alcohol and are low in sugar.
Chitos And Green Cola Groups Announce Joint Project
Chitos, Greece’s largest bottled water business, and Green Cola Groups (GCG), owner of the number two cola brand in Greece, announced the creation of its joint project, the Green Beverages Group. The Green Beverages Group will be headquarted in London with the mission to capitalize on the growing global better-for-you beverage market through international expansion and increased scale. Over the coming months, Green Beverages Group will focus on strengthening the position of its brands in several existing markets, including the UK, Middle East and the US. The Group will also seek opportunities to launch into new territories, including Asia, Australia and South America.
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