Jerome, Idaho-based Idaho Milk Products is the 2024 Breakthrough Award for Dairy Innovation winner, for the formulation of its IdaPlus 1090, a protein used in ready-to-drink (RTD) beverages.
The company announced the expansion of capabilities at its Extract and Ready-to-Drink (RTD) facility in Conway, Ark., and also entered into a non-binding letter of intent with Select Milk Producers to establish a joint venture to build and operate an extended shelf life and aseptic, multi-serve bottle facility in Texas.
The ready-to-drink (RTD) coffee and tea beverage categories experienced some hiccups in the past year. Results ranged from mixed to negative in all subcategories, according to data provided by Circana, a Chicago-based market research firm.
Refrigerated ready-to-drink (RTD) coffee and tea were red hot, with percolating sales of nearly $949 million and $1.44 billion, respectively, in multi-outlets for the 52 weeks ending July 10, IRI data states. Percentage-wise, coffee saw a 27% sales increase, while tea added year-over-year sales of 11%.
Many of our workdays have looked a little different over the past year. But one thing has remained constant for a lot of us: starting the morning with a coffee- or tea-based beverage.
The ready-to-drink (RTD) coffee and tea segment is decidedly no longer a niche market within the United States. The segment racked up retail sales of almost $7 billion during the 52 weeks ending Aug. 9, 2020, according to data from Chicago-based market research firm IRI.
On-trend product development is helping key segments avoid a sad-clown frown.
November 2, 2020
Nondairy beverages mainly painted on smiles this year. Ready-to-drink (RTD) coffee was the master of ceremonies at retail, shining in both the shelf-stable cappuccino/iced coffee and refrigerated coffee segments.