Honest Tea co-founder and CEO Seth Goldman and other beverage company execs identified high-pressure-processed juices, almond milk and natural, low-calorie sweeteners as the next hot beverage trends during Beverage Daily's online Beverage Innovation Summit last week. Goldman said his top concern is making sure his company's products are relevant and accessible to consumers.
More consumers are making organic attitudes and products a part of their lifestyles, data shows. The total household penetration of organic products across six categories has reached 59%, up from 57% in 2006.
PepsiCo plans to push its Diet Pepsi Max and SoBe Life Water products in hopes of winning more of the market for diet and enhanced water beverages. Pepsi expects 3% to 5% case volume growth and significant revenue growth this year.
Nestle plans to invest $19.5 million to open a research center in Switzerland. The center, which will open in 2009 and employ 30 chocolatiers, will develop new chocolate products in line with the growing demand for luxury candy.
Goya Foods reportedly plans to make a $26 million investment to expand manufacturing and distribution in Florida's Miami-Dade County. The move is expected to create 30 new jobs over the next three years.