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US craft beer production declines in 2023 despite record brewery numbers; market share inches upwards

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Craft beer
Craft beer (Representative Image)

Despite a record number of operational breweries, production rates in the US craft-beer industry saw a decline in 2023, according to preliminary figures from the national Brewers Association (BA).

Small and independent brewers experienced a 1% drop in annual beer production compared to 2022, with a total output of 23.4 million barrels.

However, craft beer’s overall annual market share slightly increased by 0.2% from the previous year, reaching 13.3% in 2023.

According to the BA, the growth stemmed from craft declines being less pronounced compared to the overall losses in beer volume.

Continue Exploring: Alaska Airlines launches exclusive craft beer ‘Cloud Cruiser’ in collaboration with Fremont Brewing

Craft beer’s production decline comes as the country’s overall beer market saw a 5.1% decrease in volumes last year, attributed to factors such as pricing and slightly stronger growth in onsite sales compared to distribution, according to industry analysis.

Alongside production data, the BA also unveiled its roster of the leading craft brewers in the US, determined by beer sales volumes.

Boston Beer Co., D. G. Yuengling & Son, Duvel Moortgat, Sierra Nevada Company, and Gambrinus were among the top five craft players. Prominent breweries included Pabst Brewing Company, Heineken, Molson Coors, Constellation, and Anheuser-Busch Inc.

Even though craft production decreased in the US, the number of operating breweries in the craft sector reached an all-time high, rising by 1.37% compared to 2022, totaling 9,683.

Among these breweries, there were 3,900 taproom breweries, 3,467 brewpubs, 2,071 microbreweries, and 245 regional craft breweries.

However, closure rates for craft breweries increased again in 2023, rising from 3% to approximately 4%.

In 2023, the US experienced 495 brewery openings, marking a 9.8% decrease compared to 2022, while closures surged by 31%, with 418 breweries shutting their doors.

Continue Exploring: Craft beer producer Sprecher Brewing makes bold move into energy drinks with Juvee acquisition

Reflecting on the results, Bart Watson, Vice President of Strategy and Chief Economist of the Brewers Association, commented, “2023 proved to be yet another competitive and challenging year for small and independent brewers.”

“However, despite the slowdown in growth, small brewers have demonstrated remarkable resilience, evident in the rise in the number of breweries, relatively low closure rates, and advancements in onsite sales and job opportunities.”

He further remarked, “As always, the beverage alcohol market and consumer demand continue to undergo evolution.”

“Accordingly, many brewers are updating their operations to align with these changes, refining their business models, go-to-market strategies, and brand strategies to adapt to evolving consumer preferences.”

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Little Caesars announces major expansion: Over 30 new restaurants set to open across the US

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Little Caesars
Little Caesars (Representative Image)

Little Caesars, the American pizza chain, has recently inked numerous multi-unit development agreements aimed at enhancing its footprint across the United States.

Under these agreements, over 30 new restaurants are slated to open in pivotal markets such as San Diego, California; Memphis, Tennessee; Tampa, Florida; and Raleigh, North Carolina.

This initiative aligns with the brand’s strategy to expand its presence through collaborative efforts with operating partners.

Leo Gonzalez, a franchise owner, is spearheading the expansion endeavors in Southern California.

Continue Exploring: Domino’s diversifies menu with introduction of New York Style Pizza in the US!

Having successfully managed numerous Little Caesars outlets in Santa Barbara and Los Angeles, Gonzalez has pledged to launch nine additional locations in San Diego by 2027.

Jocelyn Monperousse and Lissette Isabel, co-owners of RJBL Pizza, are set to unveil the first traditional Little Caesars establishment in Bradenton, Florida.

Their franchise agreement for five units is a component of a comprehensive strategy to foster the development of the Tampa market until 2027.

Patrick Cunningham, Vice President of Development for Little Caesars in the US, commented, “The expansion and traction we’ve achieved in the initial three months of 2024 highlight the resilience and appeal of Little Caesars. Our franchise-friendly business model has attracted numerous seasoned multi-unit operators.”

“We have a strong development pipeline, and we’re committed to building on this momentum as the year progresses. We’re actively looking for ways to expand our reach while using innovation and technology to adjust to our clients’ shifting needs.”

Little Caesars is also introducing a fresh restaurant prototype known as Little Caesars’ PODs.

Continue Exploring: Yum Brands goes high-tech: AI set to reshape operations at Pizza Hut, KFC, and Taco Bell

The PODs are crafted off-site, enabling a quicker construction timeline in contrast to traditional restaurants.

The company is actively seeking multi-unit franchise operators to participate in its development initiatives, with a specific focus on non-traditional locations like universities, water parks, airports, and stadiums.

Multi-unit franchising opportunities abound throughout the US, with regions such as the Northeast, the Pacific Northwest, Kansas City, New Orleans, and the Carolinas identified as areas ripe for growth.

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Danone surpasses quarterly sales forecasts, wraps up European price negotiations

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Danone
Danone

France’s Danone announced on Thursday that pricing negotiations with retailers have concluded for the year, anticipating a reduced impact on its European operations following stronger-than-expected first-quarter sales.

The producer of Activia yogurt, Evian water, and Aptamil maintained its targets for like-for-like sales growth in 2024, ranging between 3% and 5%, alongside a moderate enhancement in recurring operating margin.

Danone’s shares surged by 3% at market open, further climbing to 1.5% higher by 0707 GMT.

During a call to discuss earnings, Chief Financial Officer Juergen Esser stated that the majority of pricing negotiations with European retailers have concluded, indicating a gradual return to normal business operations.

Continue Exploring: French dairy giant Danone sells US organic dairy assets to Platinum Equity

Similar to Nestle and P&G, Danone is among several prominent consumer goods companies that have significantly increased prices over the last couple of years to navigate elevated input costs, frequently engaging in contentious discussions with retailers such as Carrefour and Tesco.

Cost pressures have escalated due to the COVID-19 pandemic and irregular weather patterns affecting agricultural commodities, and the situation has exacerbated following Russia’s invasion of Ukraine.

During the first quarter, Danone implemented a price increase of 2.9%, marking its most modest hike in at least two years, contrary to analysts’ projections of a 2.7% rise. In the preceding fourth quarter, the company had raised prices by 4.3%.

“This update is likely to position the shares as slightly outperforming peers this morning,” commented Jefferies analyst David Hayes. “The release’s confident tone regarding ‘everything going to plan’ is reinforced by strong performance in key areas.”

Danone’s shares have declined by 3.3% since the beginning of the year, significantly lagging behind the EURO STOXX Consumer Products and Services index, which has risen by 7.3%.

Continue Exploring: Danone teams up with Else Nutrition to expand plant-based infant formula in Europe

In the first quarter, like-for-like sales increased by 4.1% to 6.79 billion euros ($7.25 billion), surpassing expectations for 3.4% growth according to a consensus compiled by the company from 17 analysts.

Despite investor apprehensions that the price increases might result in retailers’ private label brands gaining market share, Danone’s first-quarter sales volumes/mix grew by 1.2%, surpassing the 0.8% increase anticipated by analysts.

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Tim Hortons diversifies menu, introduces mouthwatering flatbread pizzas across Canada

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Tim Hortons flatbread pizza
Tim Hortons flatbread pizza

Tim Hortons has broadened its menu offerings in Canada by adding flatbread pizza to its lineup across its restaurant chain.

The recent addition comes after thorough testing in various locations, including Mississauga, Ontario.

The brand has perfected four flatbread pizza flavors through subsequent testing nationwide.

Starting May 1, 2024, customers will also be able to choose flatbread pizza for delivery using the Tim Hortons app.

Continue Exploring: Tim Hortons unveils exciting new Iced Capps and refreshing cold drinks menu across Canada!

Hope Bagozzi, Tim Hortons’ Chief Marketing Officer, expressed, “We’ve dedicated significant effort to crafting fresh and enticing menu additions for Tims’ lunch and dinner offerings. After extensive testing and perfecting our recipes, we’re thrilled to introduce Flatbread Pizzas to our customers nationwide.”

The menu will showcase four flavors, each served on a base of roasted garlic flatbread.

Priced at $7.99, the Bacon Everything Flatbread Pizza boasts double-smoked bacon, herb and garlic cream cheese, and a combination of mozzarella and Monterey Jack cheeses, all crowned with Everything Seasoning.

Also priced at $7.99, the Chicken Parmesan Flatbread Pizza features slow-cooked chicken, Parmesan cheese, mozzarella, Monterey Jack cheese, and vine-ripened tomato sauce.

At the same price point, the Pepperoni Flatbread Pizza presents pepperoni, mozzarella, Monterey Jack cheese, and vine-ripened tomato sauce.

The Simply Cheese Flatbread Pizza, priced at $6.99, offers a vegetarian choice. It showcases a blend of mozzarella and Monterey Jack cheese along with vine-ripened tomato sauce.

Continue Exploring: Domino’s diversifies menu with introduction of New York Style Pizza in the US!

Bagozzi emphasized, “Our Flatbread Pizzas are versatile for any occasion. They’re a delightful choice for a fulfilling workday lunch or a crowd-pleasing option for family dinners or weekend get-togethers. You can easily mix and match flavors by picking up a few boxes. They’re also perfect for sharing as a snack with loved ones.”

In February 2024, the company unveiled two fresh additions to its menu lineup: the Sweet Chili Chicken Loaded Wrap and the Loaded Bowl.

These options feature grains, lettuce, freshly diced tomatoes, and cucumbers, with choices of crispy or slow-cooked chicken, or a vegetarian alternative.

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Healthy snacking brand Crrunchy sets sights on Gujarat and South India for expansion

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Crrunchy
Crrunchy

Crrunchy, the pioneering startup brand celebrated for its premium flavored makhanas and diverse range of roasted and flavored dry fruits, is set to expand into Gujarat and strategically enter South India by seeking distributors. This move signifies yet another important step in the brand’s mission to deliver gourmet nut treats to customers across the country. With a goal of transforming snacking habits into healthier choices, Crrunchy remains dedicated to providing nutritious and delicious snack alternatives without sacrificing taste or portion size.

Crrunchy’s products have made a successful debut in Delhi-NCR and key cities across Maharashtra, such as Mumbai, Pune, and Aurangabad. Now, the brand looks forward to presenting its exceptional offerings to the refined tastes of Gujarat.

Continue Exploring: Healthy snacking brand Farmley set to expand retail presence, targets 30-40% offline sales share by 2026

Established by Dr. Saurabh Choudhary, a visionary entrepreneur who recognized a market gap for nutritious snack alternatives, particularly with makhanas. Driven by a love for nuts and an unwavering commitment to quality, Dr. Choudhary embarked on a mission to transform eating habits by advocating for healthy snacking options. The brand’s ethos centers on the careful selection, roasting, and curation of premium nuts sourced globally, promising customers an unmatched gourmet experience while promoting healthier dietary choices, with a particular emphasis on makhanas.

Dr. Saurabh Choudhary, Founder of Crrunchy, expressed, “Having solidified our foothold in Delhi-NCR and Maharashtra, we recognize vast potential in Gujarat and South India. Our mission is fueled by a dedication to advocating for healthier snacking alternatives, and we eagerly anticipate introducing our exquisite nut offerings to the sophisticated tastes of these areas.”

Continue Exploring: Healthy snack brand Mr Makhana to hit UK shelves, talks with Tesco and Sainsbury’s underway

Crrunchy presents a wide selection of products, boasting over 20+ SKUs, showcasing flavored makhanas and a variety of roasted and flavored dry fruits. From the luxurious creaminess of buttery makhanas to the irresistible flavors of roasted almonds and cashews, Crrunchy offers a delightful array of nutty treats tailored to satisfy every taste bud.

As Crrunchy pursues its expansion plans, it actively seeks distributors in South India to broaden its market reach and ensure its premium products are readily available to consumers throughout the region.

Apart from being available offline, Crrunchy products can be found on several online platforms, including Amazon, Swiggy Mini, and others.

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McDonald’s to expand presence in Noida with new outlet in Sector 73

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McDonald's
McDonald's (Representative Image)

McDonald’s, the renowned American fast-food chain, is set to open a large outlet within Sundream Group’s Anthurium project, acclaimed as Noida’s first digital office space situated in Sector 73. This announcement was made by the real estate developer on Thursday.

According to individuals familiar with the development, the new outlet spans 7,500 square feet and is anticipated to commence operations within the next two months.

“We are delighted to unveil Anthurium as a unique office destination in Noida. Positioned strategically with exceptional connectivity and boasting a remarkable array of both national and international offices, we offer a dynamic and convenient office environment, ensuring a constant flow of customers to the retail brands leasing our space,” stated Harsh Gupta, CEO of Sundream Group.

Continue Exploring: McDonald’s India teams up with Lotus Biscoff for delectable dessert delights!

Nestled in the vibrant Sector 73 of Noida, Anthurium benefits from superb connectivity to Noida, Greater Noida, and Delhi, alongside seamless access to various transportation options. Covering an expansive area of around 9 lakh square feet, Anthurium boasts a sustainable design, ensuring unmatched visibility and accessibility.

Furthermore, Anthurium provides access to a captive audience of 15,000 individuals, guaranteeing a consistent flow of affluent daily customers.

Based in Chicago, McDonald’s Corporation was established in 1940 as a restaurant venture by Richard and Maurice McDonald.

Connaught Plaza Restaurants Pvt. Ltd. operates McDonald’s restaurants in the North and East regions of India, owning over 150 establishments in these areas. The brand contributes to direct employment for over 5,000 individuals.

Continue Exploring: McDonald’s launches first stand-alone drive-thru store in Ahmedabad

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Swiggy merges Swiggy Mall with Instamart to expand quick commerce offerings beyond groceries

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Swiggy
Swiggy

Swiggy, the food tech giant, announced on Thursday that it will merge Swiggy Mall with its quick commerce offering Instamart. This strategic move is intended to enhance consumer choice beyond groceries and staples.

Swiggy Mall, presently operational in specific regions of Bengaluru, signifies the company’s venture into online retail.

With Swiggy Instamart already operating in more than 25 cities, the company stated that Swiggy Mall will be able to scale up in the coming months, starting with Bengaluru.

Continue Exploring: Invesco marks IPO-bound Swiggy’s valuation at $12.7 Billion, up 18% from last fundraise

According to Phani Kishan, Head of Swiggy Instamart, “We’re expanding Swiggy Instamart’s offerings to encompass an even broader range of products. With our latest update, customers can now browse through an extensive selection spanning over 35 categories, extending beyond groceries and home essentials, all delivered within minutes.”

He added, “This signifies a significant milestone in our quest to offer unmatched convenience, ensuring our users have swift access to everything they require, faster than ever.”

Continue Exploring: Swiggy Instamart and Park+ join forces for instant delivery of IndusInd Bank FASTags

In a blog post, the company announced that the integration will expand options for consumers, who are displaying a growing preference for purchasing items beyond groceries and essentials from Swiggy Instamart.

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Redtape partners with e-commerce enabler Easyecom for enhanced operations

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Redtape
Redtape

Redtape, the footwear brand, has established a strategic alliance with Easyecom, an e-commerce enabler platform for inventory management, order processing, warehouse logistics, and reconciliation capabilities.

Arvind Verma, Director of Redtape, expressed, “At Redtape, our dedication lies in providing unparalleled products and customer experiences. Collaborating with Easyecom marks a strategic step towards operational excellence. This alliance is poised to not only streamline our operations but also bolster our agility in meeting the dynamic needs of the eCommerce environment.”

This partnership will enable the footwear and fashion brand to expand its operations, fostering enhanced and smooth customer experiences through streamlined processes.

Continue Exploring: India’s footwear market set for double-digit growth, expected to reach INR 191K Crore by FY 2028: 1Lattice Report

Easyecom provides automation-driven solutions for inventory, order, and warehouse management, as well as payment and returns reconciliation services. Supported by IndiaMart, Easyecom holds a leading position in both domestic and international eCommerce markets. As the preferred Amazon ATS and Flipkart Seller Partner, the company stands out in the industry due to its dedication to customer service and ongoing technology research investments.

Established in 1996, Redtape is a part of the Mirza International brand portfolio and is presently led by Shuja Mirza, serving as the managing director.

RedTape specializes in premium clothing and footwear for all genders, age groups, and occasions through its well-known brands: RedTape Athleisure, Mode by RedTape, and BondStreet by RedTape.

Continue Exploring: Reliance Retail’s Lee Cooper enters women’s footwear segment

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Nestle faces regulatory heat as FSSAI launches probe into Cerelac sugar controversy

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Nestle
Nestle

Food safety regulator Food Safety and Standards Authority of India (FSSAI) has launched an investigation into the sugar content controversy surrounding Nestle‘s Cerelac products, as reported by ET NOW, citing sources familiar with the matter.

FSSAI has reassured its dedication to conducting a comprehensive investigation into the allegations. Should Nestle be found responsible, the regulatory authority has pledged to enforce strict measures against the company. Sources indicate that as part of the inquiry, a committee will be established to thoroughly examine the case details.

As the investigation progresses, stakeholders will closely monitor the proceedings, eagerly anticipating the results and the potential impact on Nestle.

According to research conducted by “Public Eye,” a Swiss investigative organisation, with IBFAN (International Baby Food Action Network), Nestle incorporates sugar to infant milk marketed in less affluent countries such as India, but not in its key markets such as Europe or the United Kingdom. This information was discovered when samples of the company’s baby food products sold in Asia, Africa, & Latin America were sent to a Belgian laboratory for testing.

Continue Exploring: Nestle India responds to sugar concerns in baby food, highlights 30% reduction in added sugars over 5 years

In the profitable Indian market, which surpassed $250 million in sales in 2022, every variant of Cerelac baby cereal contains added sugar, averaging nearly 3 grams per portion. “Public Eye’s” recent investigation showed that Cerelac wheat-based cereals designed for six-month-old infants sold by Nestle in Germany, France, and the UK do not contain additional sugar. However, the same product contains over 5 grams per serving in Ethiopia and 6 grams in Thailand.

Meanwhile, the stock price of Nestle India has recently fallen below its 100-day Simple Moving Average, reaching INR 2526.2 at 9:30 am on Thursday. Today’s percentage change stands at -0.78%, with the 100-day SMA recorded at INR 2532.78. This movement suggests a possible change in the stock’s trend.

When presented with the findings, Nigel Rollins, a scientist at WHO, conveyed to “Public Eye” and IBFAN: ‘There’s a double standard here that can’t be justified.’ He went on to comment that the situation where Nestle avoids adding sugar to these products in Switzerland but readily includes it in economically disadvantaged areas ‘raises challenges both in terms of public health and ethics.’

As per the report, WHO warns that early exposure to sugar could lead to a long-term preference for sweetened foods, increasing the risk of obesity and chronic diseases. In 2022, WHO called for the elimination of added sugars and sweetening agents in foods meant for infants, urging the industry to proactively support public health goals by reformulating their products.

An interesting observation is that Nestle’s online platform, which offers advice on infant nutrition, clearly states: ‘It is recommended to avoid adding sugar when preparing meals for your infant or giving them sugary drinks. Some leading nutrition and healthcare experts suggest avoiding the introduction of fruit juices in the first year due to their naturally high sugar content. …Avoid juice blends or other mixed drinks containing added sweeteners. Always check the packaging.’ Unfortunately, this guidance seems irrelevant to the company’s own products sold in economically modest and middle-income countries.

Continue Exploring: Nestle shareholders push for healthier food sales amid concerns over nutritional impact

While Nestle did not address inquiries from Public Eye and IBFAN regarding the double standard, the company did assert that it has decreased the total amount of added sugars in its infant cereal portfolio worldwide by 11% over the past decade. Nestle also stated its commitment to “continuously reduce the level of added sugars without compromising on quality, safety, and taste.”

When reached for comment, a spokesperson for Nestle India stated, “Over the last 5 years, Nestle India has reduced added sugars by up to 30% in our infant cereals portfolio.” The spokesperson added, “We consistently evaluate our portfolio and strive to innovate and reformulate our products to further decrease the levels of added sugars while maintaining quality, safety, and taste.”

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Limelight Diamonds launches second store in Kolkata with Bollywood sensation Adah Sharma

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Limelight Diamonds

Limelight Diamonds, the leading CVD diamond jewellery brand, has unveiled its second store in Kolkata within just 15 months. The new store opens in the heart of the bustling area of Kankurgachi, Kolkata. The launch of Limelight’s latest store was graced by popular Bollywood actress Adah Sharma.

This spacious 500-square-foot facility in Kankurgachi is another key milestone in Limelight’s effort to expand its footprint throughout India. Over the last two years, the brand has grown rapidly, with over ten locations and 40+ shop-in-shops in 25+ cities throughout India, including Mumbai, Kolkata, Delhi, Jaipur, Varanasi, Hyderabad, Bangalore, Chennai, & more. Limelight has quickly established itself as the leading source for solitaire jewellery, offering an exceptional variety of solitaire necklaces, bracelets and earrings that represent a seamless combination of modern technology & traditional workmanship.

The retail design of the store is meticulously crafted to reflect the brand’s ethos, embodying elegance, modernity, sustainability, and luxury. Inside, the decor is clean and minimalistic, showcasing the beauty of their lab-grown diamond jewellery. Visitors are treated to an enchanting hologram display and an immersive 3D experience, ensuring a memorable visit. Furthermore, the brand offers exceptional customer services, including design customization, Lifetime Buyback, and a 100% exchange guarantee, fostering trust and confidence among consumers.

Continue Exploring: Jewellery brand Zavya appoints former Snapdeal executive Ravi Malani as new Co-Founder

Pooja Sheth Madhavan, Founder & MD of Limelight Diamonds, expresses her excitement, stating, “Receiving such fantastic customer response at our first store in Forum Mall, it was a natural decision to open a second store to expand our presence in the city. What’s even more delightful is to have our Kolkata partners (Jash Jewellers) inaugurate this second store, deepening our relationship and affirming their trust in the Brand. We anticipate that the Kankurgachi store will further solidify our presence in the city, and we eagerly anticipate achieving equal success here, while also extending our reach in the Eastern belt through our partners.”

Pankaj Jalan, the regional partner of Limelight and representative of Jash Jewellers, expressed, “This marks our second collaboration with Limelight Diamonds in Kolkata, and we couldn’t be more excited. Following the triumph of our initial store, we eagerly anticipate extending top-notch services to our customers, now in Kankurgachi as well. We are aiming to inaugurate 10 new stores in Eastern India within the upcoming year.”

Glancing at the brand’s collection, Adah Sharma remarked, “I am absolutely captivated by the store and the idea of lab-grown diamonds. Being produced in India, I believe every Indian woman would take pride in adorning these diamonds – a genuinely grand and progressive upgrade. My congratulations to team Limelight for introducing this concept to Kolkata, and I extend my best wishes to them.”

The brand’s strength is not only evident in its nationwide store presence but also reflected in consumer uptake and sales response. In FY24, Limelight achieved gross sales exceeding INR 80 Crores nationally, marking a remarkable increase of over 230% compared to the previous year. Branded sales tripled year-on-year, bolstering the company’s confidence to directly engage with customers and enhance its retail footprint. With an expanding market presence, the Brand remains committed to strengthening its customer base by offering an exquisite range of unprecedented solitaire diamond jewellery.

Continue Exploring: Titan’s CaratLane jewellery line to make US debut in FY25

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