In the brand new report Tea and Ready-to-Drink Tea: U.S. Retail Market, 6th Edition, market research firm Packaged Facts estimates tea sales slightly exceeded $7 billion in 2015, up almost 6%.
Younger coffee drinkers seek the coffeehouse experience at home
December 21, 2016
Coffee sales are going strong, according to market research firm Packaged Facts. The US market for packaged and ready-to-drink coffee sold at retail was estimated at $13.5 billion in 2015, up almost 10%. By 2020, Packaged Facts expects sales of packaged and ready-to-drink coffee in the US to close in on $18 billion.
Kancor’s natural OxiKan CLS antioxidant earns “Best Beverage Ingredient” award during Brau Beviale’s World Beverage Innovation event
December 14, 2016
Since 1969, Kancor has provided natural ingredients that add aroma, taste, color and functional benefits to a wide array of foods and drinks. Kancor uses the latest technologies in extraction, distillation and purification of actives to ensure only the best natural solutions. Moreover, the company’s state-of-the-art R&D center and experts have developed a full range of natural antioxidants, natural colors, culinary platforms, technology platforms and delivery platforms.
James Quincey to succeed Muhtar Kent as CEO in May
December 13, 2016
Under the new structure, company veteran James Quincey, president and chief operating officer (COO), will succeed Kent as CEO, effective May 1, 2017. Kent will continue as chairman of the Board of Directors.