Milling & Baking News Corporate Profiles - November 2013 - (Page 38)

Beverages $1.7 billion, down 6%. Kraft Foods Group, Northfield, Ill., which owns the Maxwell House brand, was second at $838 million, down 4%. Water's healthy halo mixes bases concentrates BCW Food Products 1-800-527-4104 bcwfoodproducts.com 38 \ November 2013 The bottled water category may continue to flourish since consumers may think of it as a healthy alternative. The International Bottled Water Association, Alexandria, Va., in conjunction with the Beverage Marketing Corp., New York, on April 25 released a report showing bottled water consumption increased to 9.67 billion gallons in 2012, up from 9.1 billion gallons in 2011. "All signs point to U.S. consumers' already displayed thirst for bottled water continuing in the years ahead," said Gary Hemphill, managing director, information services for the Beverage Marketing Corp. "Changes in per capita consumption indicate persistent interest in a product that consumers embrace as a healthful alternative to other beverages." According to I.R.I., U.S. retail sales of convenience/PET still water were $9.2 billion for the 52 weeks ended Sept. 8, actually a dip of half a percentage point from the previous 52week period. Nestle Waters North America led the category with sales of $2.9 billion. The global market for flavored and functional waters rose 7.4% in volume in 2012 to 11 million liters and $17 billion in sales, according to Londonbased Zenith International. The flavored segment rose 7.1% in 2012 while sales of functional water increased by 7.9%. "With a greater global awareness of the need for healthier diets and consumer choices, companies are increasingly presenting flavored and functional waters as a welcome middle ground between soft drinks and water, offering products with less calories than some carbonated beverages and which may add extra interest to plain bottled wa- Global imports of orange juice were 1.5 million tonnes in 2008-09. Source: Rabobank ter," said Richard Hall, chairman of Zenith International. Starbucks into tea, juices The canned and bottled tea market stayed steady in 2013. U.S. retail sales of $3 billion for the 52 weeks ended Sept. 8 were a 0.6% rise from the previous 52week period, according to I.R.I. The Pepsi Lipton Tea partnership led the category with sales of $1.1 billion, up 6%. Starbucks Coffee Co., Seattle, should make further splashes in the tea category after acquiring Teavana Holdings, Inc. last year. Troy Alstead, chief financial officer and chief administrative officer for Starbucks, explained the company's threefold program for Teavana May 22 at Barclay's Americas Select Franchise Conference. The program includes a standalone Teavana store concept, selling tea within Starbucks' stores and selling tea within consumer product goods channels. The latter part of the program may be two to three years off, he said. After acquiring Evolution Fresh in 2011, Starbucks again invested in the juice category in 2013. Starbucks in October opened an Evolution Fresh juice processing plant in Rancho Cucamonga, Calif. The $70 million, 264,000-squre-foot plant will quadruple the brand's production of juice. The Campbell Soup Co., Camden, N.J., invested in juice by launching V8 V-Fusion Refreshers, which are lighter fruit Milling & Baking News * Food Business News * Baking & Snack * Meat & Poultry Corporate Profiles http://www.bcwfoodproducts.com

Table of Contents for the Digital Edition of Milling & Baking News Corporate Profiles - November 2013

Milling & Baking News Corporate Profiles - November 2013