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Coca-Cola Acquires Dairy-Free Companies

The soda giant diversifies its portfolio with dairy-free holdings to offset falling profits from sugar slump.

Soda giant The Coca-Cola Company recently made several investments in international dairy-free companies. According to Nasdaq, the company—which owns 500 brands—has experienced a downturn in sales due to changing consumer preferences. To diversify away from sugar-laden products, Coca-Cola acquired Chinese plant-based protein beverage company China Green Culiangwang Beverages Holdings late last year. Last June, Coca-Cola also purchased soy-based beverage company AdeS—based in Latin America—for $575 million from global corporation Unilever. Stock market analytics firm Zacks Equity Research said these acquisitions are a “major portfolio diversification step that most shareholders should appreciate.” Coca Cola isn’t the only corporation looking to the plant-based industry for growth opportunities. Last year, chicken producer Tyson Foods made an undisclosed investment in vegan company Beyond Meat, drawing from a $150 million investment fund the meat giant set up to be used exclusively for the purpose of investing in meat alternatives.

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Los Angelenos can now pair Sage Vegan Bistro's plant-based pastries with cruelty-free craft beer in the eatery's new taproom.
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Meat Industry Asks EU to Ban "Meat" Label on Veg Food

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Leonardo DiCaprio Invests in Vegan Chickpea Brand

Vegan snack company HIPPEAS gets a celebrity capital boost to help hit the company's goal of tripling revenue this year.
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Pinterest Reports a 52 Percent Spike in Vegan Pins

The social media platform implemented new tools to make finding vegan posts easier after discovering a growing interest in cruelty-free living.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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