Ocean Spray Launches New (and Sweeter) Cranberry Juice Drink
.. and Coca-Cola raises Full-Year Guidance
Jan van Iperen
October 24, 2023
It’s on my juice bucket list: to see a cranberry harvest from real close… What’s on yours? 📋
👋🏻 You’re reading the free version of Juice News, please consider upgrading for more benefits + a limited time only recurring 60% yearly discount. Offer ends Oct 31st.
Today’s Juice News
Ocean Spray is launching Pink Cranberry, a sweeter type of cranberry juice drink with vitamin C and no added sugar, artificial colors or flavorings. Ocean-Spray-Pink-Cranberry-ambientRolling out in the ambient aisle in Morrisons, Sainsbury’s and independent stores from the end of this month, Ocean Spray Pink Cranberry contains a blend of pink, red and white cranberries, giving it a smooth and sweet taste compared to the tangy flavor of red cranberry juice.
While the Environment Committee makes several critical improvements to the Commission’s proposal to support the circularity of beverage packaging, UNESDA believes there is also a considerable setback to the EU’s efforts to create a single market for circular beverage packaging.
Net revenues grew 8% to $12.0 billion, and organic revenues (non-GAAP) grew 11%. Revenue performance included 9% growth in price/mix and 2% growth in concentrate sales. Concentrate sales were in line with unit case volume.
The global NFC juice market value is estimated to rise from US$ 2.6 billion in 2023 to US$ 3.8 billion by 2033. Over the assessment period, global sales of NFC juices are predicted to increase at a CAGR of 8.2%. Demand in the market is expected to remain high for organic NFC juices. This is due to rising end-user preference for natural and organic fruits and juices. The target segment is projected to hold a market share of 58.1% during the forecast period.