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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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Walmart Urges Suppliers to Make More Vegan Food

The retail giant asks its companies to produce more plant-based foods to keep up with demand.
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Teens Drink 550 Percent More Vegan Milk Than Gen X

New research shows people between the ages of 16 and 24 are consuming more coconut oil, avocados, non-dairy milk, dark chocolate, tofu, and quinoa than their older counterparts.
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Wilson Chandler Credits Vegan Diet for Return to NBA

The Denver Nuggets' forward is returning to the NBA feeling lighter, stronger, and more energetic after adopting a plant-based diet.
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RZA's Vegan Apparel Goes on Display at SF Museum

A collection of vegan apparel from famed Wu-Tang Clan member RZA is on display at the Asian Art Museum, marking the museum's first ever collaboration with a fashion line.
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Pamela Anderson Urges Kim Kardashian to Ditch Fur

The actress appears on Good Morning Britain to nudge the reality star to make more compassionate fashion choices.
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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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