Corporate Profiles - 2022 - 31

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day, which matched a two-decade high reached in January 2022.
Twenty-eight percent of those who drank coffee in the past day said they had
consumed it out of the home, which was still below 36% in January 2020, or before
COVID-19. Among those of the ages 18 to 24, 51% this year said they had consumed
coffee in the past day, which eclipsed the record of 50% set in September 2020.
Coffee consumption at home, which surged at the beginning of the pandemic,
may be slowing down. US retail single-cup coffee sales rose over 6% in
the 52-week period ended Sept. 4 due to rising prices, but volume sales slipped
2.1%, according to IRI.
Folgers, a brand owned by the J.M. Smucker Co., Orrville, Ohio, led brand
sales in ground coffee at $1.02 billion, up 5%. Folgers' unit sales fell 13% over
the 52-week period. Folgers was quicker than its competitors to raise prices,
which it did in the company's fiscal first quarter ended July 31.
" So we are seeing price gaps narrow, which means we're seeing our competitors
follow, and as a leader in coffee, of course, we have the responsibility
to lead, " said Mark T. Smucker, president and CEO for the J.M. Smucker Co., at
the Barclays Consumer Staples Conference Sept. 6 in Boston.
Migros, a retailer in Switzerland, is making environmental moves in coffee. The
company in September said it plans to launch a coffee-making system designed to
LEADING REFRIGERATED
orange juice vendors
1 Tropicana Brands
2 Simply Orange Juice Co.
3 Citrus World, Inc.
4 Coca-Cola Co.
5 TWS Marketing Group, Inc.
6 Orchid Island Juice Co.
7 Uncle Matt's Organic
8 FreshCo. Ltd.
9 Johanna Foods Inc.
Private label
Total
LEADING REFRIGERATED
orange juice brands
1 Tropicana
2 Simply Orange
3 Florida's Natural
4 Minute Maid Premium
5 Homemaker Premium
6 Natalie's
7 Citrus World
8 Uncle Matt's Organic
9 Indian River Select
Private label
Total
% change
from
Dollar sales
$840,414,987
$821,398,584
$343,095,760
$128,549,190
$63,372,682
$30,747,750
$24,342,405
$20,163,069
$13,029,197
$684,253,153
$3,047,406,281
year ago
-7.5%
5.4%
3.8%
-19.3%
34.8%
2.1%
8.5%
48.2%
24.3%
7.4%
1.1%
% change
from
Dollar sales
$840,414,997
$821,398,584
$371,239,835
$128,549,190
$63,372,682
$30,747,750
$20,163,069
$13,029,197
$12,480,939
$684,253,153
$3,047,406,281
year ago
-7.5%
5.4%
4.4%
-19.3%
34.8%
2.1%
48.2%
24.3%
4.1%
7.4%
1.1%
replace capsules, which produce thousands of tons of waste worldwide each year,
according to Migros. The spheric capsules, described as coffee balls, are fully compostable,
unlike plastic and aluminum containers. The coffee balls are encased in a
thin, flavorless, seaweed-based cover that may be discarded after use.
BOTTLED WATER STILL SURGING
US retail sales of bottled water increased 14% in the 52-week period ended
Sept. 4 while unit sales were up 2.5%, according to IRI. Aquafina, a PepsiCo
brand, led all brands in non-flavored convenience/ bottled still water with sales
of $856 million, up 12%. Aquafina's unit sales increased 4.9% to 215 million.
ResearchandMarkets.com, Dublin, Ireland, projected the global bottled market
to have a CAGR of 5.5% from 2022 to 2031, increasing to $515.3 billion
in 2031 from $301.7 billion in 2021.
A new competitor entered the canned and bottled tea category. Eat the
Change, Bethesda, Md., in 2022 launched Just Ice Tea, a line of ready-to-drink
organic tea beverages. Honest Tea co-founder Seth Goldman and celebrity chef
Spike Mendelsohn founded Eat the Change as a plant-based organic snack
maker in 2020. CP
LEADING CANNED AND BOTTLED
tea vendors
Dollar sales
1 Pepsi Lipton Tea Partnership North America
2 AriZona Beverages USA LLC
3 Keurig Dr Pepper
4 Coca-Cola Co.
5 Guayaki Sustainable Rainforest Products
6 Monster Beverage Corp.
7 Honest Tea Inc.
8 Peace Tea Beverage Co.
9 Crystal Geyser Water Co.
Private label
Total
LEADING CANNED AND BOTTLED
tea brands
1 AriZona
2 Pure Leaf
3 Lipton
4 Snapple
5 Gold Peak
6 Brisk
7 Guayaki
8 Monster
9 Honest Tea
Private label
Total
% change
from
Dollar sales
$595,433,348
$580,808,832
$515,986,227
$297,489,652
$294,776,619
$210,077,517
$70,486,986
$44,023,257
$28,833,165
$23,766,565
$2,764,392,656
Data for 52 weeks ended Sept. 4, 2022
Total US - Multi-outlet with C-Store (Supermarkets, Drugstores and Mass Market Retailers, Gas/C-Stores, Military Commissaries and Select Club & Dollar Retail Chains)
Source: IRI
Corporate Profiles
Milling & Baking News * Food Business News * Baking & Snack * Meat+Poultry * Dairy Processing
November 2022 / 31
year ago
1.7%
3.6%
2.9%
1.8%
6.4%
26.8%
18.4%
9.9%
9.4%
4.8%
4.2%
$1,307,704,115
$595,433,348
$297,491,896
$294,782,466
$70,486,986
$44,023,257
$28,833,165
$20,401,261
$9,577,049
$23,766,565
$2,764,392,656
% change
from
year ago
6.4%
1.7%
1.7%
6.4%
18.4%
9.9%
9.4%
-36.2%
-36.9%
4.8%
4.2%

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Corporate Profiles - 2022

Table of Contents for the Digital Edition of Corporate Profiles - 2022