Gritzo introduces new Mango Delight flavor to their Supermilk range, promoting healthy and delicious nutrition for children

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May 6, 2023

Gritzo, a brand of Healthkart, has recently unveiled a new addition to their customized Supermilk range called “Mango Delight.” This delectable flavor has been meticulously crafted to offer a unique taste experience. The product comes in a 400 gm package, with prices starting at INR 599, and is readily available for purchase online via the Gritzo website and other top e-commerce platforms.

Gritzo’s latest offering, Mango Delight Supermilk, aims to promote healthy living and provide high-quality nutritional drinks. This nutritious and delicious drink is perfect for young taste buds, made with 100% natural mango puree and packed with 21 essential vitamins, minerals, protein, and electrolytes.

The drink is customized to meet the unique nutritional requirements and support healthy growth and development in children of three age groups: 4-7 years, 8-12 years, and 13 years and above. Gritzo also offers separate versions for boys and girls. To gain maximum health benefits, it is recommended to consume the product according to the individual’s nutritional needs.

Commenting on the launch, Subhadeep Dasgupta, Head of Brand at Gritzo said, “We are thrilled to add this intriguing new flavor to our Supermilk lineup. Gritzo has always been at the forefront of child nutrition, and we take pride in offering personalized nutrition to all our consumers through our distinctive product, ‘SuperMilk’. We strive to meet the needs of parents seeking the perfect nutrient-based beverage for their children. Our new Supermilk flavor makes it even more convenient for parents to provide their kids with the essential nutrients they require in a tasty and delightful manner.”

Gritzo aims to personalize its products to meet the unique requirements of each child and acknowledge their individuality.

The Future Market Industry Insights report predicts that the demand for children’s food and beverages will soar to approximately 138 million by 2023. With the world’s population on the rise and increased awareness about children’s nutrition, consumers are seeking out ready-to-make products and functional drinks that are both healthy and tasty. This trend has led to the growth of the healthy beverage market globally.

Gritzo’s Mango Flavored Supermilk is currently available in major cities such as Bangalore, Delhi, Mumbai, Chennai, Kolkata, Assam, Lucknow, Hyderabad, Punjab, Madhya Pradesh, Gujarat, and Rajasthan. Consumers can easily purchase the product online through the Gritzo website (www.gritzo.com) as well as on the leading e-commerce platforms.

ITC raises stake in Sproutlife Foods to 39.42% for INR 175 crores, inching closer to complete acquisition

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May 6, 2023

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After this development, ITC's fully diluted share capital in Sproutlife has increased to 39.42 percent. (Representative Image)

ITC, a prominent FMCG firm, has disclosed in a BSE filing that it has boosted its stake in Sproutlife Foods by acquiring 2,443 equity shares priced at INR 10 each and 7,215 compulsorily convertible preference shares valued at INR 10 each. The company paid a total of INR 175 crores to acquire these shares.

After this development, ITC’s fully diluted share capital in Sproutlife has increased to 39.42 percent.

In January of this year, ITC announced its intention to acquire all of Sproutlife Foods Private Limited, the company behind Yoga Bar healthy foods.

Under a binding term sheet, the company has committed to acquiring all of Sproutlife’s share capital on a fully diluted basis in stages, with the process anticipated to conclude within three to four years.

ITC’s acquisition of Yoga Bar, a D2C brand with a robust online presence, builds upon its recent investments in Mylo and Mother Sparsh over the last 12 months.

WOW Skin Science partners with Dukaan to strengthen D2C channel and provide seamless shopping experience

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May 6, 2023

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WOW Skin Science offers a wide range of beauty and wellness products under the categories of skincare, haircare, nutrition and bath and body products. (Representative Image)

WOW Skin Science, a D2C personal care and wellness brand, prides itself on its commitment to providing high-quality products that enhance the health and beauty of its customers. Recently, the company announced a strategic partnership with Dukaan, a rising e-commerce platform, to further strengthen its direct-to-consumer offerings and solidify its leadership in the personal care and wellness sector.

Sudeep Bansal, Vice President of Growth, WOW Skin Science said, “Our partnership with Dukaan is a prudent move that will enable us to offer our customers an enhanced shopping experience. By leveraging the latest in E-commerce technology, we will be able to provide a faster and more streamlined checkout process, intuitive user interfaces, and advanced features that will make it easier for our customers to find and purchase the products they need.”

Speaking about the partnership, Suumit Shah, Chief Executive Officer, Dukaan, said, “Our platform’s speed and user experience are tailored to meet the demands of modern consumers, and we are delighted that our technology has contributed to WOW Skin Science’s growth.”

WOW Skin Science, headquartered in Bengaluru, specializes in offering an extensive selection of beauty and wellness items that fall into categories such as skincare, haircare, nutrition, and bath and body products.

Dukaan is a SaaS (Software-as-a-Service) platform that empowers merchants with no programming expertise to create their own e-commerce store.

RDC launches Hit A Pint, its first microbrewery in Ghaziabad, serving up fresh beer and fine dining

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May 6, 2023

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RDC’s inaugural microbrewery, Hit A Pint, has begun brewing and serving beer in Ghaziabad. With a monthly production capacity of 3000 liters of fresh beer, Hit A Pint is one of the largest microbreweries in the region.

The beers at Hit A Pint are specifically curated to cater to the Indian taste, and the brewery sources its malt, water, and flavors from Germany. Along with craft beer, they serve a diverse range of beers.

At Hit A Pint, guests can enjoy a wide selection of freshly brewed beers, cocktails, and a diverse menu, crafted by the food and beverage experts at CYK Hospitalities. CYK has been involved in every step of the process, from ideation to execution, including conceptualization, menu engineering, chef recruitment, SOP formation, business planning, food costing, uniform design, logo creation, and branding.

Siddharth Chaudhary, Founder, Hit A Pint, said, “As a microbrewery and restaurant owner, my goal is to create a unique and memorable experience for every customer. From the quality of our craft beer to the freshness of our ingredients, we strive to exceed expectations and leave a lasting impression. We believe that good food and good beer bring people together, and we’re proud to be a part of that tradition.”

Hit A Pint is a fusion of a fine-dining restaurant and a bar, attracting an upscale clientele, with a focus on families. In addition to the conventional seating, the resto-bar features open workstations in one corner, ideal for individuals who wish to work while enjoying their drinks. The bar’s seating arrangement is unique, drawing inspiration from the bars in New York, with unconventional lower seating. The brewery’s spaciousness is accentuated by the bevelled mirrors on the walls, adding to its grandeur.

Marico announces reappointment of Saugata Gupta as MD and CEO; Rajan Mittal as Independent Director

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May 6, 2023

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FMCG major Marico has re-appointed Saugata Gupta as its Managing Director and Chief Executive Officer for another two-year term, as announced by the company’s board on Friday. Gupta’s renewed term will commence on April 1, 2024.

On Friday, during a meeting, Marico’s board approved the renewal of Saugata Gupta’s tenure as Managing Director and Chief Executive Officer for a two-year period starting from April 1, 2024, until March 31, 2026.

After joining Marico in 2004 as the Head of Marketing, he was appointed as the CEO of India Business in 2007. In 2014, he was promoted to the position of Managing Director of the company.

In addition, Marico’s board has designated Rajan Bharti Mittal as an independent director for a period of five years, starting from July 1, 2023, until June 30, 2028.

As the Vice-Chairman of Bharti Enterprises, which has various business interests in Telecom, Space Communications, Digital Solutions, Financial Services, Real Estate, and Agri-Processed foods, Rajan Bharti Mittal has an extensive background in India’s leading conglomerates.

As per the announcement, both appointments are subject to the approval of the shareholders.

Tata Starbucks launches two 24-hour stores in India, reinforcing its commitment to the local market

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May 6, 2023

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Tata Starbucks Private Limited has recently introduced its inaugural non-airport 24-hour stores in Chennai and Calicut, showcasing the company’s dedication to the Indian market. Currently, Tata Starbucks operates 341 stores in four cities throughout the country.

The newly introduced format adds to the company’s existing range of offerings, providing customers with the added convenience of placing orders at any hour of the day. By launching these 24X7 stores, Tata Starbucks reaffirms its long-term dedication to one of the fastest-growing Starbucks markets worldwide. These stores aim to offer customers a familiar and secure “third place” experience, further enhancing their convenience.

“Tata Starbucks has had an incredible journey in India since its inception in 2012 and we are proud to have achieved yet another milestone. The opening of our first 24X7 stores showcases our commitment to evolving our brand and business in India and providing new and meaningful experiences to our customers,” said Sushant Dash, CEO, Tata Starbucks Pvt. Ltd.

By incorporating local culture and craftsmanship into the design, the stores blend the distinctive and inviting Starbucks aesthetic with the character of the surrounding neighborhoods they serve, creating a harmonious fusion. The result is an extension of the surrounding community and a unique atmosphere that reflects the local culture, making customers feel at home.

The Calicut store is designed to resemble a beach house that blends seamlessly into the Calicut Beach environment. The iconic Starbucks Siren symbolizes bringing coffee to life from the ocean, perfectly adapted to the local culture by incorporating Kerala-style murals and metallurgy. These elements help to create a unique and authentic atmosphere that truly captures the essence of the location.

The Chennai store draws inspiration from local culture and subtleties to create a welcoming and homely atmosphere for customers. The new 24-hour store boasts traditional Chettinad architecture, featuring spacious interiors and beautiful ceramic tiles. The store’s design is a unique fusion of intricate Indian architecture and striking European artwork, providing customers with an indigenous yet elegant space to enjoy their coffee.

Along with local additions such as freshly brewed filter coffee, masala chai, and cardamom chai, Tata Starbucks is introducing a new cup size called Picco to these stores. This new size is perfect for first-time coffee drinkers, allowing them to sip and savor their favorite beverages. In addition to the new cup size, the stores will also offer a variety of shareable food items, including the Pesto & Mozzarella Sandwich in Panini, Bhuna Chicken Puff, Hazelnut Triangle, Chocolate Éclair, Egg White & Chicken in Multigrain Croissant, Red Velvet & Orange Cake, Chilli Cheese Toast, and Butter Croissant. This new and improved food menu is sure to delight customers and satisfy their cravings.

Customers at these stores can enjoy Starbucks merchandise and free Wi-Fi services. Furthermore, the My Starbucks Rewards™ loyalty program will also be launched in these cities, offering members various benefits and an opportunity to be a part of the Starbucks India community. This program is designed to reward loyal customers and enhance their overall Starbucks experience.

To provide customers with a safe and convenient Starbucks experience, Tata Starbucks has introduced contactless order and payment methods such as Mobile Order and Pay through the Starbucks India mobile application. This feature allows customers to enjoy their favorite beverages and food items from the comfort of their homes while ensuring a familiar and safe experience.

Marico reports strong Q4 profits despite sluggish sales growth

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May 6, 2023

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Despite a slight growth in revenue, Marico’s consolidated net profit for the quarter ending in March increased by 20.3% year-on-year (YoY) to INR 302 crore. The revenue from operations experienced a marginal rise of 4% YoY to reach INR 2,240 crore.

The company’s earnings were reported after the close of the market, which caused the stock on the National Stock Exchange to end 0.7% lower at INR 493.60.

During the quarter, the consolidated operating profit increased by 14% YoY to INR 393 crore, and the margins expanded by 153 basis points to reach 17.5%.

The owner of the ‘Parachute’ oil brand experienced a 5% year-on-year growth in volumes for their domestic business, which outpaced the industry’s growth of 3% during the quarter.

Marico’s consolidated net profit for FY23 increased by 6.3% YoY to INR 1,302 crore, and their topline grew by almost 3% to INR 9,764 crore.

Despite the challenging circumstances, Marico remains optimistic about its performance in the current financial year, driven by the recovery in domestic volumes and revenue growth trajectory.

Marico’s international business saw a 13% year-on-year growth in revenue in constant currency terms for FY23, compared to 16% growth in the previous year. The company is confident about sustaining double-digit growth in FY24.

Cost Math:

Raw material costs make up more than 50% of Marico’s total expenses. Although input costs as a percentage of sales decreased in the March quarter compared to the December quarter, it still accounted for 52.6% in Q4 as opposed to 55% in Q3.

On the other hand, advertising and promotional expenses as a percentage of sales increased to 9.4% in the March quarter from 8.9% in Q3.

Additionally, other expenses as a percentage of sales slightly increased to 12.9% in Q4 from 11.1% in Q3.

India Performance:

Marico’s domestic revenue saw a modest 2% year-on-year increase to reach INR 1,683 crore, and volume growth decreased by 5%, as the company reduced prices for Parachute coconut oil and Saffola edible oils in response to the declining input prices.

“However, consistent focus on strengthening brand equity across portfolios and execution translated into 90% of the portfolio either gaining or sustaining market share,” the company said in a release.

During the quarter, Parachute Rigids experienced a 9% volume growth, mainly due to the normal course of loose to branded conversions, coupled with the stability of consumer pricing and copra prices.

The year concluded on a positive note for value added hair oils, with a value growth of 13% in Q4, primarily attributed to the increase in volumes.

Saffola edible oils observed a mid-single digit decline in volumes, attributed to the high volume base sustained during the Omicron variant outbreak of Covid-19 last year. Nevertheless, the franchise continued to exhibit healthy offtake growth throughout the quarter.

“In the domestic business, we will drive volume led growth and market share gains across our portfolios, aided by distribution expansion, aggressive cost controls and adequate investment in market development and brand building,” the company said.

Marico anticipates a gradual improvement in revenue growth as pricing interventions take effect in the first half of FY24.

International Business:

Despite facing global macroeconomic uncertainty and currency devaluation headwinds in some geographies, Marico’s international business had yet another exceptional quarter, delivering a constant currency growth of 16%.

The robust performance of each region reflects the fundamental strength of the respective businesses.

Marico anticipates double-digit constant currency growth over the medium term in Bangladesh, driven by its competitive position and substantial growth potential in the market.

Marico expects the expansion into the female personal care category to boost its business in Vietnam in the medium term.

Over the medium term, Marico aims to safeguard the core franchise of ethnic hair care and health care in South Africa.

“The international business has consistently been delivering a resilient performance despite macroeconomic challenges in some of the geographies. We are confident of maintaining the double-digit growth momentum in FY24,” Marico said.

FMCG major Britannia’s Q4 FY23 consolidated net profit surges by 47.5% to INR 557.60 Crore

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May 6, 2023

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FMCG major Britannia has been a prominent player in the food industry for many years. Known for its high-quality products, the company has recently reported a significant rise in its consolidated net profit for the fourth quarter (Q4) ending March 2023. According to a regulatory filing, Britannia’s net profit reached INR 557.60 crore, marking a 47.5% increase from the same period in the previous fiscal year when the company reported a consolidated net profit of INR 377.95 crore.

In the fourth quarter (Q4) of fiscal year 2022-23, the company’s total revenue from operations increased to INR 4,023.18 crore compared to INR 3,550.45 crore in the corresponding quarter of the previous fiscal, indicating a growth in revenue.

As per the BSE filing, Britannia’s total expenses for the fourth quarter (Q4) of fiscal year 2022-23 were reported to be INR 3,322.48 crore, which is a slight increase from INR 3,085.45 crore incurred in the same period of the previous fiscal year.

Driven by noteworthy distribution gains, the company witnessed an 11% growth in the fourth quarter of the fiscal year 2022-23.

Varun Berry, Vice Chairman and Managing Director, said, “We continued to accelerate our rural journey with focus on enhancing reach, partnering with 28,000 rural distributors, and sustaining our diligent market practices.”

The FMCG firm expanded its portfolio of categories, including milkshakes and croissants, during the period. Additionally, the company has expressed its intention to build technologically advanced factories. Berry, while discussing the company’s growth, announced the commercialization of two biscuit greenfield units in the current quarter in Uttar Pradesh and Tamil Nadu, as well as a brownfield expansion in Orissa.

The company has added three new rusk production lines in this quarter as part of its strategy to manufacture in-house products and improve productivity, according to Britannia.

According to Berry, the company has increased the capacity of its drink and dairy production lines to take advantage of seasonal opportunities and improve supplies to the bakery division for captive consumption.

The company stated that on the cost and profitability front, input prices have eased due to a correction in palm oil and packaging materials, but the cost of flour has continued to rise.

Further, Berry said, “We are being vigilant of the competitive actions in the marketplace and closely monitoring the commodity situation in the country, especially around wheat and sugar. We shall deploy appropriate pricing actions to remain competitive and drive market share growth.”

Say goodbye to toxins: Naturally cleanse your liver with Nutrazee Milk Thistle supplement

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May 6, 2023

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The liver is one of the most important organs in our body, responsible for filtering and removing toxins from our bloodstream. But, with the increasing amount of toxins and chemicals in our environment and food, our liver can become overburdened and damaged. This can lead to a variety of health problems, such as fatigue, headaches, and even liver disease.

One way to support your liver’s health is by using natural supplements, such as milk thistle.

Milk thistle has been used for centuries for its medicinal properties, particularly its ability to protect and cleanse the liver. In this article, we will explore the benefits of milk thistle for liver health and introduce you to Nutrazee Milk Thistle Extract that can help support liver health.

Understanding the Liver:

Before we delve into the benefits of milk thistle for liver health, it’s important to understand what the liver does and how it functions. The liver is a large, reddish-brown organ located in the upper right side of the abdomen. It performs over 500 essential functions in the body, including:

Filtering and removing toxins and waste products from the blood
Producing bile, which helps break down fats and absorb fat-soluble vitamins
Regulating blood sugar levels
Storing essential nutrients, such as iron and vitamin B12
Breaking down medications and drugs
Producing proteins that help with blood clotting and immune function

The liver is an incredibly resilient organ, capable of repairing itself even after significant damage. However, if the liver is constantly exposed to toxins, it can become overburdened and damaged. This can lead to a condition called non-alcoholic fatty liver disease (NAFLD), which is becoming increasingly common due to poor dietary and lifestyle choices.

Here is how Nutrazee Milk Thistle Extract can help support your liver:

Nutrazee Milk Thistle Extract is a high-quality supplement that contains 80% Silymarin, the active ingredient in Milk Thistle, and Dandelion, another herb that supports liver health. Dandelion has been traditionally used to stimulate bile production and aid in digestion. It also has diuretic properties, which can help eliminate excess water and toxins from the body.

Nutrazee Milk Thistle Extract is made using a proprietary extraction process that ensures maximum potency and purity. The capsules are vegan, gluten-free, and non-GMO, making them suitable for people with dietary restrictions. Each bottle contains 60 capsules, which is a 2-month supply.

How to Use Nutrazee Milk Thistle Supplement

The recommended dosage for Nutrazee Milk Thistle Supplement is one capsule twice a day with a meal or as directed by a healthcare professional. It’s important to follow the recommended dosage and not exceed it to avoid potential side effects.

It’s also essential to consult a healthcare professional before taking any new supplements, especially if you have a pre-existing medical condition, are taking medication, or are pregnant or breastfeeding.

Potential Side Effects of Milk Thistle:

While milk thistle is generally considered safe and well-tolerated, it is important to be aware of potential side effects. Some people may experience mild gastrointestinal upset or allergic reactions.

Additionally, there have been rare reports of milk thistle interacting with certain medications, such as blood thinners and anti-seizure medications. As with any supplement, it is important to talk to your healthcare provider before adding Nutrazee’s Milk Thistle Supplement to your regimen.

Nutrazee’s Milk Thistle Supplement is a natural and effective way to support liver health and cleanse toxins from your body. With its high concentration of silymarin and added dandelion extract, this supplement can help improve liver function and aid digestion. However, as with any supplement, it is important to talk to your healthcare provider before using it and be aware of potential side effects. Incorporating Nutrazee’s Milk Thistle Supplement into a healthy lifestyle may be an excellent way to promote overall health and well-being.

Why detox smoothies should be a regular part of your healthy lifestyle

Health & Diet

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May 6, 2023

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Detoxing has become a buzzword in the health and wellness industry, with many people turning to various diets and cleanses in an effort to rid their bodies of toxins. But what exactly is detoxing, and is it necessary for optimal health?

Detoxing refers to the process of eliminating harmful substances from the body, often through dietary changes or supplements. Proponents of detoxing claim that it can improve digestion, boost energy levels, and even promote weight loss. However, the concept of detoxing has also been met with skepticism by some experts who argue that our bodies are already equipped with natural detoxification systems.

While there are many methods of detox, one of the most popular is, ‘Detox Smoothies’.

Detox smoothies have become a popular health trend in recent years, with many people turning to these nutrient-packed drinks as a way to support their overall health and wellness. Detox smoothies are typically made with a blend of fruits and vegetables, along with other healthy ingredients like nuts, seeds, and herbs. The idea behind these smoothies is that they can help to flush toxins from the body, improve digestion, and boost energy levels. But do detox smoothies really live up to the hype?

What Does Detox Smoothie Contains?

Detox smoothies are typically made with a variety of fruits and vegetables that are rich in antioxidants and other nutrients that can help to flush out toxins from the body. These nutrients can support the liver and other organs in the body that are responsible for detoxification.

Benefits of Detox Smoothies?

Improved Digestion: Many detox smoothie recipes contain high-fiber ingredients like leafy greens and fruits, which can help to promote healthy digestion and regular bowel movements. Additionally, some smoothies may contain probiotics and digestive enzymes that can support the growth of healthy gut bacteria and improve overall digestive health.

Increased Energy: Detox smoothies can provide a natural energy boost thanks to their high nutrient content. Vitamins and minerals found in fruits and vegetables can help to support optimal energy levels, while ingredients like green tea and matcha can help to increase mental alertness and focus.

Weight Loss: Some people use detox smoothies as part of a weight loss plan. These smoothies are typically low in calories but high in nutrients, which can help to promote feelings of fullness and prevent overeating. Some ingredients like cayenne pepper and apple cider vinegar have also been shown to boost metabolism and support weight loss.

How Does it Work?

Detox smoothies work by providing the body with a high concentration of nutrients that support the natural detoxification processes. The liver, kidneys, and lymphatic system are responsible for filtering out toxins from the body, and detox smoothies can support these organs by providing the necessary vitamins, minerals, and antioxidants that they need to function optimally.

Many detox smoothie recipes contain ingredients like leafy greens, berries, and citrus fruits that are rich in vitamins A, C, and E. These vitamins are powerful antioxidants that help to neutralize harmful free radicals and support the body’s natural detoxification processes.

Additionally, many detox smoothies contain ingredients like ginger, turmeric, and cinnamon that have anti-inflammatory properties. Inflammation can contribute to a range of health problems, including chronic diseases and autoimmune disorders. By reducing inflammation, detox smoothies can help to support overall health and wellbeing.

Some detox smoothies may also contain probiotics and digestive enzymes, which can support the growth of healthy gut bacteria and improve overall digestive health. A healthy gut microbiome is essential for optimal immune function, mental health, and overall well being.

Some of the Best Detox Smoothie Recipes

Here are five delicious and nutritious detox smoothie recipes to try:

Green Detox Smoothie: This classic green smoothie is packed with nutrient-dense ingredients like kale, spinach, banana, and apple. Simply blend together 1 cup of kale, 1 cup of spinach, 1 banana, 1 apple, 1 cup of unsweetened almond milk, and 1 teaspoon of honey (optional).

Berry Antioxidant Smoothie: Berries are high in antioxidants that can help to reduce inflammation and support detoxification. Blend together 1 cup of mixed berries, 1 banana, 1/2 cup of Greek yogurt, 1/2 cup of unsweetened almond milk, and 1 teaspoon of honey (optional).

Ginger Turmeric Smoothie: Ginger and turmeric are both powerful anti-inflammatory ingredients that can support detoxification and improve overall health. Blend together 1 cup of coconut water, 1 banana, 1/2 inch of fresh ginger, 1/2 inch of fresh turmeric, 1/2 cup of frozen mango, and 1 teaspoon of honey (optional).

Citrus Detox Smoothie: Citrus fruits like oranges and grapefruits are high in vitamin C, which is a powerful antioxidant that supports detoxification. Blend together 1 cup of fresh squeezed orange juice, 1/2 cup of fresh squeezed grapefruit juice, 1 banana, 1/2 cup of Greek yogurt, and 1 teaspoon of honey (optional).

Matcha Green Tea Smoothie: Matcha green tea is high in antioxidants and can help to boost energy levels and support weight loss. Blend together 1 teaspoon of matcha powder, 1 banana, 1 cup of unsweetened almond milk, 1/2 cup of frozen pineapple, and 1 teaspoon of honey (optional).

These delicious and nutrient-dense smoothie recipes can be enjoyed as part of a healthy diet and lifestyle to support detoxification and overall health.

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