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Daily Newsletter

01 December 2023

Daily Newsletter

01 December 2023

Tata Coffee to invest $54m in instant coffee facility expansion in Vietnam

The project will help “cater to growing demand” for freeze-dried coffee, the company said.

Fiona Holland November 30 2023

Credit: Stockah / Shutterstock

Diageo must “right-size” its business after a period of over-investment, CEO Sir Dave Lewis has said after outlining plans to extract $1bn in savings from the company.

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RTD beverages market expected to grow at a CAGR of ~5% by 2027

Rising urbanization coupled with the increasingly busy lifestyles of consumers have resulted in the increasing demand for RTD beverages that are easy to carry and quick to consume. Further, the pandemic has created a huge surge in demand for non-alcoholic beverages with functional benefits and value addition, including low sugar, added proteins, probiotics, and plant-based ingredients. The beverage manufacturers have been capitalizing on the trends by focusing on both value addition and convenience associated with the packaging of RTD beverages.

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