New products and expanded facilities drive growth in ingredient market | Beverages Industry
Monin recently unveiled its latest product line called Monin Brilliance Energy, containing nine distinct flavors with three sugar-free options that offer a natural caffeine boost. This new line is designed for on-premise use, allowing operators to easily create brightly colored energy beverages using water or club soda. The flavors range from Yumberry Red, which combines yumberry with pomegranate and strawberry notes, to Powerfruit Purple, introducing açaí as a key flavor. Additionally, Monin’s Glacier Clear product enables operators to mix it with any other syrup to create a variety of energy drinks with different flavors and colors.
In another development, Oterra, a leader in natural colors for the food and beverage industry, is expanding its operations in the United States with a new state-of-the-art facility in Mt. Pleasant, Wis. The facility will feature innovation, collaboration, and production capabilities to meet the growing demand for natural colors in the country. With a strong focus on environmental consciousness and health-oriented consumer preferences, Oterra aims to support its customers in transitioning towards natural colors by providing regulatory expertise and application support for developing new products.
Ingredion Inc. also made a significant move by appointing Mark Karns as the vice president of corporate development and mergers and acquisitions (M&A). Karns brings a wealth of experience in driving enterprise-wide impacts through his background in investment banking, private equity, and strategy consulting. His role at Ingredion will involve leading the company’s strategic growth agenda and overseeing M&A projects across various consumer sectors. Karns expressed his enthusiasm for contributing to Ingredion’s growth trajectory by leveraging his expertise to help the company become a go-to provider for texture and healthful solutions.
These recent developments underscore the ongoing innovation and expansion in the beverage ingredient market. Monin’s new product line and Oterra’s facility expansion in the U.S. highlight the industry’s commitment to meeting consumer demand for natural, flavorful, and energizing products. Ingredion’s strategic appointment of Mark Karns further emphasizes the company’s dedication to driving growth and capturing new opportunities in the evolving food and beverage landscape.
Overall, these developments reflect the dynamic nature of the beverage ingredient market, where companies are continuously innovating and expanding their offerings to cater to changing consumer preferences and market trends. With a focus on natural ingredients, enhanced flavors, and strategic partnerships, these industry players are poised to lead the way in shaping the future of the beverage industry.