Anyone questioning the growth of the sports nutrition market can look at the merger and acquisition space. The most recent transaction in this market — at press time — was The Simply Good Food Co.
Increasing demand for dairy-based products, rising health consciousness among consumers, and the availability of diverse flavors and varieties are big draws.
Milk, tea, coffee, aseptic juices, and bottled juices, major components of the ready-to-drink (RTD) dairy beverage market, are seeing great growth. In fact, the global RTD beverages market is projected to grow from $766.69 billion in 2024 to more than $1 trillion by 2032.
The world was stunned when 42-year-old Princess Kate announced that she was being treated for cancer after abdominal surgery that required a two-week hospital stay.
Jerome, Idaho-based Idaho Milk Products is the 2024 Breakthrough Award for Dairy Innovation winner, for the formulation of its IdaPlus 1090, a protein used in ready-to-drink (RTD) beverages.
The company announced the expansion of capabilities at its Extract and Ready-to-Drink (RTD) facility in Conway, Ark., and also entered into a non-binding letter of intent with Select Milk Producers to establish a joint venture to build and operate an extended shelf life and aseptic, multi-serve bottle facility in Texas.
The ready-to-drink (RTD) coffee and tea beverage categories experienced some hiccups in the past year. Results ranged from mixed to negative in all subcategories, according to data provided by Circana, a Chicago-based market research firm.
Refrigerated ready-to-drink (RTD) coffee and tea were red hot, with percolating sales of nearly $949 million and $1.44 billion, respectively, in multi-outlets for the 52 weeks ending July 10, IRI data states. Percentage-wise, coffee saw a 27% sales increase, while tea added year-over-year sales of 11%.
Many of our workdays have looked a little different over the past year. But one thing has remained constant for a lot of us: starting the morning with a coffee- or tea-based beverage.