Net sales were $141.5 million for the year ended December 31, 2022, an increase of $22.5 million.
March 27, 2023
increase was primarily driven by higher volumes of its branded drinkable kefir and the impact of price increases implemented during the year, company stated.
Oat milk, kefir and RTD coconut milk have strong years ending June 12, 2022. In fact, IRI data suggests refrigerated oat milk saw strong growth with sales of $454.3 million, increasing nearly 53% year over year. Find out what brands thrived.
All profits from the product’s sale will go toward Ukrainian humanitarian aid, with a commitment up to $1 million.
May 11, 2022
Lifeway Foods Inc., a Morton Grove, Ill.-based supplier of kefir and fermented probiotic products to support the microbiome, said it continues to stand with the people of Ukraine by expanding humanitarian relief efforts to support those in need.
Prior to the COVID-19 pandemic, consumers already were showing “deep interest” in their own health and wellbeing (and that of animals and the planet), according to Chicago-based ADM. And that interest-only intensified with the arrival of the pandemic.
The acquisition will expand Lifeway Foods’ position within the better-for-you drinkable dairy space.
August 3, 2021
Lifeway Foods Inc., a Morton Grove, Ill.-based supplier of kefir and other fermented probiotic products to support the microbiome, announced its intent to acquire certain assets of privately held Laguna Beach, Calif.-based GlenOaks Farms Inc., a drinkable yogurt brand founded in 1984.
Thanks to the COVID-19 pandemic, consumers ate at home more often during the past year — and many of them baked and cooked up a storm, too. That reality translated into rosy sales at retail for a number of cultured dairy categories.
Cultured dairy products, dairy products fermented with lactic acid bacteria, have been around for absolutely ages. The COVID-19 pandemic and a bit of innovation on the part of dairy processors, however, have combined to build consumer demand in a number of cultured dairy segments during the past year or so.