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Food Business Review | Thursday, June 27, 2024
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This article explores the increasing popularity of alternative beverages, such as coffee, tea, and coffee, and examines the potential health benefits and drawbacks.
Fremont, CA: Traditional juices and sodas are no longer satisfying consumers. The emergence of alternative beverages is revolutionizing the food and beverage sector. Sugars, additives, and artificial components are becoming obsolete as creative, wholesome, and natural options replace drinks filled with synthetic additives. With the change in consumer preferences towards more fashionable beverages, companies are reevaluating their approach to being a beverage brand.
Alternative Beverages
An alternative beverage is a non-alcoholic drink that incorporates unconventional ingredients. These beverages are designed to enhance one's overall health and often offer additional health advantages. These advantages can vary from providing a boost in energy to promoting hydration or even offering probiotic properties. Examples of alternative beverages include sports, power, and plant-based water.
The rise of energy, sports, and health-oriented beverages has led to a new trend of beverages designed to serve a particular purpose.
Red Bull and Glaceau, renowned for their contribution to the growth of alternative beverages, revolutionized the market by creating a demand for innovative choices and identifying areas within the industry that had room for enhancement and expansion. By pioneering vitamin-based beverages and energy drinks, these companies demonstrated that consumers desired more than just ordinary beverages. In doing so, they tuned into consumer interests that were pivotal in propelling the alternative beverage industry to its current state.
Trends in the Alternative Beverage Industry
Plant Based Milk:
Plant-based milk varieties such as almond, coconut, soy, and rice beverages are gaining popularity. This shift is evident in coffee shops nationwide, where many plant-based options are now available alongside traditional dairy milk. While soy milk remains a top choice, almond milk has grown significantly in the U.S. The Asia Pacific region stands out as the largest market for these alternatives, with soy milk being trendy. Plant-based milks benefit those with lactose intolerance and cater to vegetarians and individuals seeking to reduce their consumption of animal-based products.
Premium Hydration:
Consumers increasingly seek premium hydration options, such as specialty waters and enhanced beverages. Brands like Vita Coco, SmartWater, and Voss offer coconut water that showcases the evolving landscape of water-based products in the beverage market. These products differ due to their unique flavor profiles, sources, and added minerals and vitamins. Some premium waters are even classified as alkaline based on their pH levels. Additionally, alternative waters like aloe and maple water cater to consumers looking for innovative hydration choices.
Premium hydration is set to gain even more popularity as health experts emphasize the significance of consuming eight glasses of water daily. Combining the benefits of regular water and plant-based beverages offers an excellent alternative for individuals seeking to diversify their daily routine or optimize their nutrient intake.
Twists on Classic Tea and Coffee:
Despite their caffeine content, plain coffee and tea can be dull and make you sleepy. These traditional beverages have been prepared in countless ways, but the rise of alternative drinks has changed the game. Teas, for example, are now known for their various health benefits, such as antioxidants, anti-aging properties, weight management, and cancer prevention. This shift in focus has led beverage companies to explore new possibilities with these beneficial leaves.
Specialty iced versions of coffee and tea are becoming increasingly popular. Fifty-five percent of coffee market spending is allocated to specialty coffee. Cold brew coffee has emerged as a top trend in the industry, with sales experiencing a significant surge over the past five years. Projections indicate that this smooth and refreshing drink will continue to become popular in the upcoming year.