Drayton’s Post

Recent Highlights from the Food & Drink Industry 🍴 Here are some exciting developments making waves in the industry: 1️⃣ Lidl GB’s Major Investment: Lidl GB is set to invest a total of £21 billion into the British food industry by the end of FY24. This surpasses its original five-year commitment of £15 billion by an impressive 40%, showcasing its continued support for British agriculture and food production. 2️⃣ Nuisance Drinks’ New Launch: UK start-up Nuisance Drinks has expanded its botanical beverage range with a new Damson & Dandelion Tonic. Combining the light bitterness of dandelion with the sharp sweetness of damson, this product taps into the growing ‘new-stalgia’ trend. 3️⃣ Huel’s Rapid Growth: Meal replacement brand Huel reported a surge in sales, crossing £200m last year. Revenue climbed 16% to £214m for the year ending 31 July 2024, while pre-tax profits tripled to £13.8m, driven by economies of scale and operational efficiencies. 4️⃣ Keystone Brewing Group’s Expansion: Keystone Brewing Group, owned by Breal Capital, is exploring a joint acquisition of the struggling craft brewer Fourpure Brewing Co. with brand owner IN GOOD COMPANY (IGCO). Keystone already owns notable brands like Black Sheep, Purity Brewing Co., and Brew by Numbers. 5️⃣ Tesco Champagne Tops the Charts: In a surprising blind taste test by Which?, Tesco’s Finest Premier Cru Brut Champagne outshone the prestigious French label Moët & Chandon. With a top score of 82%, it’s a festive favourite to watch this season! #FoodAndDrink #IndustryNews #Innovation #Sustainability #Growth

2024 Marcum LLP Food and Beverage Industry Annual Report This report provides a clear view of the current market landscape, emerging consumer preferences, and competitive dynamics. Data is driven from our most recent industry survey. This report offers actionable insights that can guide food and beverage businesses in making informed decisions and capitalizing on new opportunities. Questions - #AskMarcum #foodandbeverage

Some exciting news we came across this week in the #food and #drink sector: 1. Campari Group has acquired a minority stake in company behind scotch whisky brand Bunnahabhain Distillery. The Aperol Spritz CZ owner has paid £69.9m in return for a 14.6% stake in Capevin Holdings Ltd, the holding company that owns distiller CVH Spirits. Alongside Bunnahabhain, CVH Spirits also owns scotch whisky brands Tobermory Distillery, Deanston, Scottish Leader and Black Bottle. 2. Pilgrim's Europe has hailed a “strong performance” since merging Pilgrim’s UK, Moy Park and Pilgrim's Food Masters into one business. Under its new structure, the JBS-owned protein giant saw sales rise by 5.5% to £4.2 billion in the year, while profits after tax rose by 293.6% to £106m as it got “back on track” to pre-Covid levels. 3. Hotel Chocolat has appointed Lysa Hardy as its new UK CEO to replace co-founder Angus Thirlwell. 4. Gusbourne expects its 2024 harvest to be “considerably smaller” than last year due to a “cool, persistently wet growing season”. The AIM-listed business said “challenging conditions in the vineyards” had negatively impacted yields, but insisted it would still remain a “high-quality harvest”. 5. Sainsbury's has overhauled the packaging of it's bakery goods as a way to reduce their plastic waste. New packaging will be used across almost 40 own-brand baked goods and the switch will save 560 tonnes of plastic. #grocery #wine #spirits

The Food & Beverage sector in 2024 is defined by both #challenges and #opportunities. Although inflation has stabilized, high raw material and energy costs continue to drive companies to seek greater efficiencies. Valuations experienced a modest rebound in Q3 2024, with the organic and healthy products segment continuing to grow. Meanwhile, breweries face headwinds as consumer preferences shift toward non-alcoholic and craft beverages. The soft drinks segment shows resilience, supported by innovations in flavored waters and functional drinks that combine taste with health benefits. Our 𝐅&𝐁 𝐞𝐱𝐩𝐞𝐫𝐭𝐬 at Oaklins Germany provide #insights on a German and European basis and present them in this 𝐌&𝐀 𝐔𝐩𝐝𝐚𝐭𝐞 𝐐𝟑 𝟐𝟎𝟐𝟒. 👉 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐧𝐨𝐰: https://lnkd.in/emRPTxqT 📧𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐎𝐮𝐫 𝐅&𝐁 𝐓𝐞𝐚𝐦 🤝 If you have any questions or are eager to explore opportunities in the F&B market, don't hesitate contact our F&B team: Karsten Maschler, Christian Moritz, Florian Engel, Maren Stephanie Tietz and Lukas Girke #OaklinsGermany #Oaklins #MergersandAcquisitions #FoodAndBeverage #IndustryInsight

𝐑𝐨𝐨𝐭 𝐁𝐞𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐀 𝐒𝐢𝐩 𝐨𝐟 𝐒𝐮𝐜𝐜𝐞𝐬𝐬! 𝙎𝙩𝙖𝙮 𝙩𝙪𝙣𝙚𝙙 𝙛𝙤𝙧 𝙛𝙪𝙧𝙩𝙝𝙚𝙧 𝙪𝙥𝙙𝙖𝙩𝙚𝙨 𝙖𝙣𝙙 𝙢𝙖𝙧𝙠𝙚𝙩 𝙛𝙤𝙧𝙚𝙘𝙖𝙨𝙩𝙨: https://lnkd.in/dUdTDTt7 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻: The Root Beer market is divided across several key segments: Product Type: Traditional Root Beer, Diet Root Beer, Premium Root Beer Distribution Channels: Online Retail, Supermarkets, Convenience Stores, Specialty Stores, and more. 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, and the rest of the world. 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Leading companies in the Root Beer market include: The Coca-Cola Company PepsiCo A.W. Hastings & Co. - A Leading Distributor of the Marvin Family Of Brands Barq's, Inc. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀: The market is driven by the increasing popularity of premium and craft beverages, along with a growing trend toward sugar-free and health-conscious options. With the rise of e-commerce platforms, accessibility to diverse root beer brands has also spiked. #RootBeer #BeverageIndustry #MarketGrowth #ConsumerTrends #Innovation #CAGR #FoodAndBeverages #GlobalMarket #KeyPlayers #CraftBeverages

♻ We have released a new report in conjunction with Canadian Beverage Association demonstrating that extending Ontario's deposit-return system to include non-alcoholic beverage containers is the most effective way to increase rates and reach the collection goal of 90%. ✔ The report’s findings show that leveraging The Beer Store’s collection system and having grocery stores and other retail locations take back empty beverage containers will create a system that can achieve a recovery rate of over 89% and deliver a collection location for roughly every 1,600 Ontarians. This system would also include limited depot collection in high-volume locations. The net-cost of this system is estimated to be $190 million and would be funded by the beverage industry. Read the full report link below 👇 #DRS #recycling

Maggie Beer foods continue to grow in company headwinds Luxury Food manufacturer Maggie Beer Holdings is foreshadowing subdued results for FY24 with growth in sales of Maggie Beer branded foods offset by a decline in sales from its troubled Paris Creek Farms business. The Barossa Valley company told investors that FY24 revenue would be slightly ahead of FY23 at around $89 million, with anticipated sales growth in Maggie Beer Products of eight percent and a one percent rise in sale from its Hampers and Gifts Australia (HGA) business. Sales in Maggie Beer products continue to increase from category expansion in sauces, stocks and ice cream as well as building strong momentum in online sales, up 24 percent in 2H FY24 vs. 2H FY23. #manufacturing #manufacturingnews @maggie_beer Maggie Beer https://lnkd.in/grTd8rxh

Coca-Cola or EGB? Sri Lanka’s Unique Beverage Rivalry 💙 Today, something really caught my attention — Elephant House Ginger Beer (EGB) and Coca-Cola battling it out in Sri Lanka reminds me of the legendary Pepsi vs Coke rivalry, but with a local twist! EGB: The must-have drink with food Coca-Cola: Perfect with meals But what's fascinating is that Coca-Cola doesn’t position itself as a food pairing in most countries. Yet here, it had to pivot and market itself with meals. Why? Because EGB is its main competition, not Pepsi! 🌍💥 Coca-Cola’s massive marketing budgets are no secret, but what’s more impressive is how Elephant House has built its brand locally, purely on the power of trust and familiarity — no big spend, just authentic connections with people. #EGB #Coke #ElephantHouseBeverages

The Ontario government recently announced an acceleration of its planned expansion of the province’s alcoholic beverage marketplace. The acceleration will take place via a phased rollout beginning this summer with every grocery, convenience, and big-box store in Ontario able to sell beer, cider, wine, and ready-to-drink alcoholic beverages by October 2024, if they apply for a license to do so. The accelerated expansion has implications for both current and future alcoholic beverage retailers – read more about the details in our bulletin where we outline: ·       Key rollout dates ·       Changes to the recycling program ·       How this affects existing retailers ·       What this means for new retailers ·       Scope for convenience and grocery stores, and more. https://bit.ly/3Vsumx4 #foodanddrug #consumer #alcohol #retail #regulatory Teresa Reguly | Denise Ramsden | Jillian Sprenger

Alcohol-Free Beer Sales Soar in Belgium 🚀🍺 Belgian supermarkets report a surge in alcohol-free beer sales, with volume increasing by up to 40% in the past year. The growth is driven by an expanded selection and improved taste. Delhaize, Colruyt, Albert Heijn, and Carrefour are all seeing notable rises in sales, reflecting changing consumer preferences and successful health-focused campaigns. Talent Consulting Team #AlcoholFreeBeer #SalesGrowth #Belgium #HealthyChoices #ConsumerTrends