Market News
Key Developments
Various players are engaged in developing organic and inorganic growth strategies such as mergers, acquisitions and new product launch to strengthen their global position.
- In February 2019, Pure Leaf launched Pure Leaf Herbal Iced Teas, a new line of iced tea that have no artificial sweeteners, caffeine free, and are brewed with real hibiscus flowers.
- In April 2019, Sunmagic Juices Ltd., launched duo of iced tea drinks. The range includes Peach Paradise and Lush Lemon flavors in 500 ml bottles.
- In November 2019, Sh’nnong Beverage Company, manufacturer of functional and plant-based beverages, launched Má Functional Iced Teas with CBD+ natural botanicals, in the Vitamin Shoppe Stores in The U.S.
- In May 2019, Boutique Tea Brand, Oh Cha, specializes in flavored teas, launched Peach Lychee and mango flavors of iced tea for summers. These flavors come in tea bags to ensure a hassle free experience.
- In August 2019, Kreider Farms, producer of premium eggs, milk and ice cream launched a line of hemp iced tea drinks, Chiques Creek Hemp Tea. It does not contain Cannabidiol (CBD) or delta-9-tetrahydrocannabinol (THC), the food and beverage additives.
- BevCanna Enterprises Inc., launched Grüv Beverages, a line of cannabis-infused beverages. The new line will be available in the U.S. and is expected to sell in Canada.
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