Fresh Promise Foods widened its Harvest Soul Organic
Chewable Juice line earlier this month when it unveiled two new flavors at the
2015 Natural Products Expo East, and the reception to this point has been
reportedly positive. Despite the rapidly evolving landscape of the natural
beverage industry, FPFI is firmly positioned to benefit from the marketability
of its innovative product line.
“[Juice companies] are starting to evolve into having to
have something else be a value add to their product or point of
differentiation,” John Craven, chief executive officer of BevNET, stated in a
video round up following the expo. “We have some that are adding probiotics and
there are a couple of chewable ones… So far, I like what I see, and the
response is definitely pretty positive.”
In recent years, innovative juice products have
reinvigorated the market and spurred tremendous growth. According to a report
by the LA Times, the cold-pressed juice segment, which features juices
extracted without the use of heat, is currently valued at $100 million. The
industry has also, traditionally, maintained a relatively low barrier of entry,
with more than two-thirds of the juice market attributed to independent brands.
However, all indications point to a shift away from this trend in the coming
years, as larger beverage companies look to capitalize on the popularity of
these healthy soft drink alternatives by establishing larger footholds in the
market.
The first step toward this anticipated shift took place
earlier this year, when cold-pressed juice producer Suja Life LLC announced a
minority investment deal with The Coca-Cola Company (NYSE: KO). Following this
$90 million investment, the global beverage powerhouse will begin distributing
Suja products through its expansive distribution network, effectively limiting
the ability of startups and independent beverage companies in the cold-pressed
juice segment to gain traction on a nationwide basis.
FPFI remains in a favorable position to promote growth in
the coming months by leaning on the unique benefits of the Harvest Soul Organic
Chewable Juice product line – including the use of blended, chewable juices and
the addition of healthy probiotics. In fact, the Suja deal could have a
positive impact on FPFI’s market potential moving forward.
“That valuation [of Suja] is something that will probably
spur additional investment in beverage companies,” continued Craven.
To view BevNET’s full review of the 2015 Natural Products
Expo East, visit https://www.youtube.com/watch?v=4MWE5ez67LU
For more information, visit www.harvestsoul.com
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