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Stevia-sweetened zero-calorie beverage brand Zevia – which first hit the market in 2007 – enjoyed a stellar year in 2020, increasing net sales by 29% YoY to $110m, while increasing gross margins from 43% to 45%, according to a prospectus released ahead of an initial public offering (IPO).
The Asia Pacific juice industry is striving to be more than just an alternative to carbonated soft drinks by responding to increasing demands for functional, value-added and better-for-you products in the region.
The California Raisin Marketing Board has released a white paper that explores the functional benefits of using raisins as a fat and sugar replacer in sweet baked goods.
A Malaysian firm that built a niche for itself within the country’s billion-dollar sweetened condensed milk market as the first product of its kind to use stevia instead of sugar has now set its sights on a major expansion drive.
Despite significant unmet demand for convenient keto products across categories, consumers who follow the diet are becoming more selective and less willing to settle for options that use low-quality or unhealthy ingredients to meet the diet’s strict macro nutrient ratio, according to the co-founders of startup Defy Foods.