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In the cultured dairy aisle it’s still hard to keep up with yogurt, with new products popping up everywhere and the fascination with Greek yogurt still holding strong.
Dollar and unit sales for refrigerated coffee and tea are rising. Research indicates year-round demand for cold, ready-to-drink coffee beverages, especially by Millennials.
Sales of refrigerated ready-to-drink coffee units rise 155%. Tea doesn’t fare badly, either. Sales of canned and bottled tea, a billion-dollar industry, rise nearly 5%.
Based on the latest findings, it’s possible that consumers are passing up their local coffee and tea shops for the nearest grocery store because ready-to-drink coffee and tea sales are increasing.
Data provided by SymphonyIRI Group, Chicago, show that sales in the shelf-stable tea/coffee ready-to-drink category rose 3.2% to $1.6 billion in the 52 weeks ended July 8, 2012, with the unit sales also showing an increase of 5.1% to 747.7 million.