Market analysts at Forbes are confident in the profitability of Unilever's refreshments business. Forecasters now expect the segment, which includes Slim Fast, Lipton and Ben & Jerry's, to achieve a compound annual growth rate of 7% through 2022 and $14 billion in revenue by 2020.
Unilever is reportedly looking for a successor for CEO Paul Polman -- a search that is expected to take months. Unilever also announced that it is acquiring skincare product manufacturer Sundial Brands.
In the face of a plateauing yogurt market and a consumer shift away from sugar, future growth in the yogurt category could come from savory and global flavors, analysts suggest. In addition, they theorize that yogurt made from nondairy alternatives such as almond milk, flaxmilk and soy milk could draw new consumers to the market.
CPG competitors must become collaborators to achieve the United Nations' Sustainable Development Goals, said Mars' Ehab Abou-Oaf at a UN-backed conference. "Uncommon collaboration is critical," he said. "This means not just collaborating with governments and NGOs, but within our own industry and with competitors to enable change to happen."
Sundial Brands-owned SheaMoisture has launched a Men's Beard Care Collection, which includes four products featuring certified organic shea butter and maracuja oil. The new line comprises a face and beard wash, beard conditioning oil, beard balm and full beard detangler.