Coca-Cola
Coca-Cola Beverages Ukraine Limited led the country’s soft drink and mineral water sector in 2025 with revenue of UAH 18.03 billion, according to a study by analytical platform YC.Market, ahead of PrJSC Morshyn Mineral Water Plant “Oscar” at UAH 3.09 billion. YC.Market noted that the market remains concentrated among a few established producers and is characterized by active foreign capital ownership, with some major producers registered in the Netherlands, Cyprus and Poland.
Coca-Cola engaged restructuring consultants Alvarez & Marsal and Alix Partners to review Costa Coffee’s finances and operations following the collapse of a sale process in January 2026. Coca-Cola acquired Costa from Whitbread in January 2019 for £3.9 billion and hoped for approximately £2 billion for the chain. Costa’s most recent Companies House filings show operating losses more than doubled to £13.5 million on revenues of £1.2 billion in 2024, which the company attributes to high street competition and low footfall.
Coca-Cola Japan announced Cafe Water, a coffee-flavored beverage made from corn-derived fiber and flavoring, set to launch under its Georgia brand in September at around US$0.93 for 500ml. Asahi is separately developing a coffee replica using an undisclosed ingredient it describes as climate-resilient, with a latte version expected this year and a black coffee variant in 2026. Suntory Food & Beverage is using flavor-extraction technology already deployed in its Craft Boss RTD range. Corn-based coffee substitutes have existed in the Philippines since 1975, and US company Atomo Coffee has produced bean-free espresso-style beverages since 2019.
BRAC Bank signed a Distributor Finance Agreement with Coca-Cola İçecek Bangladesh to strengthen the company’s distribution network in the country. BRAC Bank will provide tailored financing solutions to CCI Bangladesh’s distributor base, enabling timely procurement funding and improved cash flow management. The aim is to streamline supply chain financing, enhance operational efficiency and build a more resilient distribution network.
Danone
Danone announced plans to acquire Melbourne-based Made Group, a health-focused food and beverage company with annual sales exceeding €300 million, as part of its Renew strategy. Made Group’s portfolio spans high-protein RTD beverages, gut-health yogurts and coconut-based products across Australia, New Zealand and Southeast Asia. Danone is also acquiring the remaining 49% stake in its existing fresh dairy joint venture with Saputo Dairy Australia, which markets brands including YoPRO, Activia and Ultimate. Both transactions are subject to regulatory approval and expected to close in the second half of 2026.
Nestle
Nestlé announced in February last year its plan to sell part of its Waters division, but the process has been hampered by legal and environmental disputes. French authorities conducted raids on Waters sites as part of a consumer fraud investigation, and Nestlé faces a separate trial over alleged illegal water bottle dumping near its Contrex and Hépar sites. Nandini Roy Choudhury of Future Market Insights said the European Waters business could be valued at around €5 billion but buyers are likely to seek warranties and price adjustments to account for legal risk.
Other Companies
Carlsberg Britvic’s Tango brand is adding a Strawberry flavor to its permanent portfolio, rolling it out in Iceland stores in the UK and in selected quick-service restaurant outlets. According to CGA by NielsenIQ data, strawberry-flavored carbonated drinks recorded volume growth of 6.7% and value growth of 12% in the 12 months ending March 31, 2026. Tango Strawberry will be available in packs of 24 and is intended to build on recent growth in the out-of-home channel.
Finnish beverage company Olvi completed its acquisition of Värska Originaal, a natural mineral water producer in southeastern Estonia, through its Estonian subsidiary A Le Coq. Although cleared by competition authorities in April 2026, the acquisition process was suspended following a third-party legal challenge, but courts ruled to allow the transaction to close. Olvi said the acquisition is expected to increase non-alcoholic beverage sales volumes by around 10%. Värska Originaal produces 44 million liters annually and exports to Latvia, Lithuania, Finland, Sweden and Ireland. Financial terms were not disclosed.
New Hope Water launched a Chinese-style electrolyte water in China that incorporates traditional food-medicine homology ingredients alongside conventional electrolytes. Ingredients include ginseng, Chinese yam, Poria cocos and licorice, which the company says complement the drink’s soybean peptides for post-exercise recovery. External research cited by the article attributes distinct functional benefits to each herb, including energy support from ginseng and fluid balance support from Poria cocos.
Starbucks Japan’s new bottled beverage line, Fruity Cheers Torori, is available exclusively at 7-Eleven stores nationwide for a limited time. It comes in Strawberry Berry Bergamot and Mango Passionfruit flavors, both combining fruit, milk and tea, and described as having a thick, smooth texture captured by the Japanese term “torori.” According to Starbucks, the series was developed to bring the brand’s experience into everyday life through a convenient PET bottle format.
Asahi Group Holdings entered a franchise agreement with Varun Beverages to introduce its CALPIS brand into India, marking the group’s first entry into India’s non-alcoholic, non-carbonated beverage segment. CALPIS, a fermented milk-based drink first produced in Japan in 1919, will launch in Original and Mango flavors as an RTD product in the second half of 2026. Varun Beverages will handle manufacturing, distribution and sales while Asahi manages product development and marketing.
Agthia Group introduced Fuell, an energy drink it describes as the world’s first sweetened with dates. Fuell combines date-based sweetness with guarana and Korean red ginseng, and will initially be available through selected UAE outlets before wider distribution. CEO Salmeen Alameri said the product represents “innovation, differentiated and proudly rooted in the region”.