(Part One). , launched a probiotic kombucha aimed at improving digestive wellness earlier this year. Deadline for entries 23 July enter now! The awards celebrate excellence and innovation across the global beverage industry. Evian also launched a fully recyclable bottle with label-free packaging made from 100% recycled plastics, and this release is one step for the company towards becoming a fully circular brand. According to KPMG Insights, the global functional beverages market size is predicted to rise to $208.13 billion by 2024, with a CAGR of 8.66% in the period of 2019-2024. A variety of benefits include energising or relaxing properties, cleaner ingredients, aids for sports performance, improved digestive health, mood boosters and stress reducers. Examples of the use of this ingredient include Calm Drinks recent launch of a multivitamin, CBD-infused RTD and Trips unveiling of a sparkling CBD-infused drink. From the rise of premiumisation to functionality, sustainability and convenience, brands continue to innovate to. Looking for new insights and industry expert discussions about beer and brewing in June? Clearly, consumer values are being redefined with a focus on quality, longevity and sustainability. The beverage market has evolved rapidly over the last three decades specially in the US. Kopperberg, for example, recently entered the rum market with their new cherry spiced rum, whilst Deadmans Fingers introduced a pineapple variant earlier this year. Via helps you navigate a fast-changing digital marketplace. Beers and wines are no longer the only beverages that come pre-packaged in a can, ready for immediate consumption. Premiumisation is an ongoing trend across many categories of the global beverage industry. Functional food: Focus on health and wellness innovations to continue into 2022. World Plant-Based Awards 2022 are now live! Our site uses cookies to improve functionality. Anheuser-Busch expanded its portfolio with the introduction of a hard seltzer brand. Beauty and Personal Care Packaging: Key Trends and Innovations. Furthermore, GlobalData recently noted that the rum markets value in the UK grew at a CAGR of 7.5% between 2017 and 2018, almost double that of gin sales, which saw a 3.8% growth during the same period. They appear to be searching for more luxury experiences both in the home and out. Anheuser-Busch expanded its portfolio with the introduction of a hard seltzer brand, Social Club Seltzer, aimed at more sophisticated drinkers, while Carlton & United Breweries recently launched their first ever hard seltzer brand, Actual, in Australia. bakery bread wheat whole healthy really wild ingredients concepts recipe pushed indulgent incorporate producers better into emea As a result, we are seeing an increase in beverages designed to satiate and satisfy. They allow consumers to achieve instant satisfaction in a location of their choice. 2022 Euromonitor is privately owned & trademarked. World Beverage Innovation Awards 2022 is now open for entries! Chobani recently entered the functional market with their. Examples include Illycaffs recent launch of its, Many brands are looking for innovative ways to utilise food waste to produce new beverage products. Interestingly, both products were released in response to rising anxiety amid stay-at-home restrictions during the coronavirus pandemic. Beverage brands are under increasing pressure to reduce or eliminate sugar as consumers look to avoid empty calories or drinking their calories. We bring together a panel of experts to explore whats trending in the low and no sugar arena, from low-sugar drinks for kids to the next generation of flavored waters. Explore the many areas where Kantar will help your organisation to succeed, through a deeper understanding of people. What are the most valuable global brands in 2022. Massimiliano Pogliani, CEO of illycaff said: illy Cold Brew Ready-to-Drink reflects our desire to provide consumers many other occasions to enjoy the taste and the quality of illy coffee, keeping in step with modern consumption trends. Senior Consultant. We use small files known as cookies to enhance your experience of the FoodBev website and analyse site-traffic. From Mexico to Berlin and from Barcelona to Thailand, Canada will be essential not as a flower exporter but as an exporter of cannabis expertise, insights and know-how for a world finally getting ready to embrace change. Kopperberg, for example, recently entered the rum market with their. Convenient cold brews offer instant energy so are increasingly desirable among professionals and fitness enthusiasts alike. If not, select "Manage Preferences" to learn more about managing your cookie preferences. According to Euromonitors latest research on alcoholic drinks, the UK is showing a clear trend towards domestic products with a distinctive, modern heritage and premium cachet. Toast Ale, for example, joined forces with Warburtons earlier this year to launch a. uses wonky British fruit and vegetables that have been rejected by supermarkets to naturally infuse water. Within the beverage industry, energy intensive processes are often used to extract raw products or carry out complex distilling, for instance. Consumers are reaching for beverages that relieve hunger while on-the-go and deliver both nutrition and energy. Industry Manager Soft Drinks. , aimed at more sophisticated drinkers, while Carlton & United Breweries recently launched their first ever hard seltzer brand.

From coffee and kombucha to seltzer and champagne, we explore the latest insights on the consumer trends and new products shaping the drinks industry. Arguably, it is becoming less of a trend and is now considered necessary in order for companies to remain at the forefront of competition. World Beverage Innovation Awards NOW OPEN FOR ENTRIES! Hard seltzers have shown exponential growth in the US, and it seems the UK is following suit. With a plethora of new brands available and with them, new categories emerge and existing category lines blur. They allow consumers to achieve instant satisfaction in a location of their choice. 7 Kingsmead Square The RTD market has grown exponentially. Anna Ward explores this burgeoning trend, and asks how sustainable it is, given the cost of living crisis and rising inflation. Similarly, UK-based Dash Water uses wonky British fruit and vegetables that have been rejected by supermarkets to naturally infuse water. With physical activity and health awareness on the rise, demand for RTDs such as cold brew coffees and cold-pressed juices is increasing. FoodBev Media Ltd. It seems that consumers are drinking fewer, but more superior, premium beverages, adopting a less is more attitude. designed to support digestive and immune health, while Los Angeles-based drinks brand. With physical activity and health awareness on the rise, demand for RTDs such as cold brew coffees and cold-pressed juices is increasing. Read about how we use cookies or how you may control them in our. However, heightened consumer awareness surrounding sustainability is driving companies to demonstrate more sustainable methods and environmentally friendly ethics. Chobani recently entered the functional market with their plant-based probiotic drinks designed to support digestive and immune health, while Los Angeles-based drinks brand, Neuro, launched a probiotic kombucha aimed at improving digestive wellness earlier this year. Examples include Illycaffs recent launch of its ready-to-drink cold brew coffee and Bottleshots new oat m*lk canned coffee. Modern Marketing Dilemmas: Is brand differentiation an effective way to reduce customer price sensitivity? The awards celebrate excellence and innovation across the global beverage industry. Cannes Lions 2022: Five themes for marketing professionals. Premium mixers are another category on the rise, where consumers are willing to pay a price reflective of high-quality beverage ingredients; often botanical or herbal flavourings. Access and download reports and data purchased through Euromonitor.com. You can also download the report. Modern Marketing Dilemmas: How should your brand react when prices are going up? As lifestyles. Your privacy qiang supporter popsop Bangkok Brewing Conference 2022, hosted by VLB and Thailand Beer Industry Guild will be sharing lots of interesting presentations, focusing on hands-on sustainability under the umbrella of "Odyssey 2022: Neutrality towards Net Zero for the Brewing Industry". The key to success in this ever crowding market is for manufacturers to make sure they are asking themselves three important questions: Trends dont happen overnight but fads do come and go.

pabst company brewing beer buys beverage cyprus based pbr russian headlines latest foodengineeringmag Click the OKAY button at the top right of this panel to accept or click here for more information. Curious about how we partner with you to help you solve your complex modern-day business problem? We extract and organise ecommerce data from over 1,500 online retailers in 40 countries providing daily updates on pricing, assortment size and key attributes. Not only are spirits showing growth, but so are ready-to-drink (RTD), beer and soft drink segments, with the Bacardi 2020 Cocktail Trends Report noting a 26% increase in vodka soda and flavoured RTDs in the US. While canned wines were perceived as a cheap and convenient option for many years, an increasing number of fine-wines are now being packaged in metal casings. Peter McGuinness, president of Chobani, said: With every trip to the store, consumers are looking to do more than just fill their bellies. Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business. Sports drinks and consumer health categories continue to blur the lines in 2022 as consumers increasingly value functionality of hydration products but also face restrictions in the product offering as brand haven't been able to keep up with increasing demand. For example, CTRLs meal replacement shakes curb hunger and provide vitamins, minerals and probiotics to support a healthy gut. Would you like to be interviewed by FoodBev Media or share a recent innovation with us? Cannabis is one additive growing in popularity in recent years, with much research indicative that CBD can offer a variety of cognitive benefits including improvements in sleep, anxiety and depression.

Our expert Sophie Crole went through the main findings in awebinar that can be watched on demand. According to the Wine & Spirits Trade Association, the flavoured and spiced rum category grew from under 6 million bottles in 2014 to over 10 million bottles in 2019, an increase of almost 80%. Apple regains its status as the worlds most valuable brand in the 2022 Kantar BrandZ global ranking. Evidently, snacking drinks and multifunctional food and beverage products are gaining momentum. Sustainability is a critical topic. If you continue to use this site, you consent to our use of cookies. maintain their popularity in the global beverage market.

Access over 20,000 reports covering industries, macro-economic and consumer trends by country, region and global markets. As a result, both major companies and smaller start-ups are releasing beverage packaging designed to minimise environmental impact, featuring fully recyclable and sustainably sourced materials. According to Mintel, 65% of consumers in the UK and 53% in the US have a preference for products that are environmentally friendly. Keurig Dr Pepper announces leadership changes, Diageo announces new leadership appointments, Global tea business Ekaterra appoints new CEO and chairperson, Carlsberg announces resignation of CFO Heine Dalsgaard, Tropicana Brands Group names Rogier Smeets as CEO, Europe, Atlas Holdings acquires poultry supplier Foster Farms, The Alkaline Water Company appoints Frank Lazaran as CEO, Mller Milk & Ingredients appoints joint CEOs, Bel Brands USA and DFA announce results from sustainable milk cooling programme, Tyson Foods and Tanmiah enter into strategic partnership, Food tech company Divaks secures 3m in seed funding round, Pure Harvest Smart Farms secures $180.5m in funding round, Seaweed start-up Symbrosia raises $7m in funding round led by Danone, Infarm to establish largest growing centre in Maryland, Gallery: New products released in March 2021, Gallery: World Dairy Innovation Awards 2019, Gallery: EuVend & Coffeena 2019 at Koelnmesse, Cologne, Gallery: New beverage releases launched in April 2019, Gallery: New food products released in March 2019, Gallery: New beverage releases launched in March 2019, Green recovery: Sustainability in the beverage industry, World Beverage Innovation Awards 2022: What are the judges looking for? As a result, we are seeing an increase in beverages designed to satiate and satisfy. Have you got a new beverage innovation thats award-worthy? Hard seltzers have shown exponential growth in the US, and it seems the UK is following suit. Cannabis is one additive growing in popularity in recent years, with much research indicative that CBD can offer a variety of cognitive benefits including improvements in sleep, anxiety and depression. Find growth, inspiration and a deeper understanding of people, within your industry or sector. The global beverage market is fast-moving and highly competitive, driving continuous innovation in the packaging category. From the rise of premiumisation to functionality, sustainability and convenience, brands continue to innovate to maintain their popularity in the global beverage market. Health and wellness remain at the forefront of the beverage industry as many consumers turn to healthier options in the wake of Covid-19. Weve moved beyond physical functionality benefits like taste, thirst and fluid replenishment, to a more sophisticated level of needs. Anna Ward Consumers are becoming more sophisticated drinkers, looking for authenticity and wanting more for their money. As a result, beverage companies are innovating with new ingredients to produce products that can offer functional benefits. Generationally high raw materials prices and soaring distribution costs are reshaping the strategies of soft drinks suppliers and bottlers in 2022. Tom Elliot, head of new ventures at Sainsburys, said: Nice is quality wine in a can that has mass market appeal and is 100% recyclable, which made it a no-brainer to Sainsburys. This growth continues with Kingsland Drinks having recently entered the canned wine market with a 1.2 million production line, while Molson Coors also launched a new range of canned spritzers. United Kingdom We will explore the opportunities for both industries moving ahead. curb hunger and provide vitamins, minerals and probiotics to support a healthy gut. Browse our report store to quickly identify new opportunities with strategic overviews and market forecasts. Listen to the conversation with Maria Mascaraque, Food Industry Manager, Howard Telford, Senior Soft Drinks Manager and Rosemarie Downey, Packaging Industry Manager to learn about the drivers of environmental sustainability regulations in foods and drinks industries and their implications on businesses and consumers. Enter the World Beverage Innovation Awards 2020 now! We have seen fantastic growth in single formats and convenience, and this category has performed phenomenally in the US.. in Sainsburys supermarkets, a convenient, quality wine with packaging that offers environmental benefits. They want healthier foods and drinks to calm their minds, restore their bodies and replenish their energy.. Or learn more about our privacy policy and how we use and store your data. Our premier, award-winning syndicated market research database provides detailed data and analysis on industries, economies, countries and consumers across 781 cities, 210 countries..