Cold Brew Coffee Category Takes Prominence

As one of four categories in the ready-to-drink coffee category, the cold brew category took prominence in recent coverage by BevNET. “While indulgent (high sugar) iced coffees still lead the market,” Euromonitor senior beverages analyst Matthew Barry said, “cold brew is experiencing the fastest growth – in large part due to ability to cross over into the other segments. It can, for example, provide consumers with good-tasting sugar-free energy.”

Representing the category was Stamford based Rise Brewing Co. co-founder and CEO Grant Gyesky.

“Grant Gyesky, co-founder and CEO of RISE Brewing Co., which enjoyed a $2.3 million raise last summer, said his company is currently exploring further investment and that interest from venture capital in cold brew is strong. He compares coffee to craft beer, believing that the current prominence of brands like Starbucks and Dunkin’ is equivalent to the failure of major brewers to recognize the growing power of the craft beer trend two decades ago. Calling cold brew coffee’s evolution unpredictable, he said many brands like RISE are taking a careful path ahead before being locked into the rigidity of a larger company’s system.

‘I see a lot of brands at our stage purposely trying to stay away from capital that limits what lanes they can move forward in, which is those larger players,” Gyesky said. “I think it limits where they can go, where they can take the brand.’ ” (excerpted from article, “The Erosion of Indulgence: Cold Brew is Changing the Game,” in BevNet)

Read full article in this month’s issue of BevNET

Authenticity and the Brand

FOOD’NBEV MEMBERS GET ONE-ON-ONE ACCESS TO INDUSTRY VETERANS

Authenticity was the word of the evening at two recent workshops for Food’NBev members.

Tim Brown, President, TB Ventures, and formerly President & COO, Chobani and Chairman, CEO & President, Stamford based Nestle Waters, provided insights into selling into ‘the box’ and ultimately being authentic to your product. “Everybody has a different vision and goal, and everybody has a different path to get there, and they should. But fundamentally you need to know why you’re doing this: ‘I really want to make people healthier,’ or ‘I really do something different that no one else can do,’ or ‘People need this.’ I think the people that are in it for the long haul for the reason, versus a financial motive, I would bet they have a better fighting chance.”

Participants look at peer members’ packaging in workshop on branding.

Focusing on the authentic in order to differentiate from the competition was the message from Food’NBev advisor Caren Berlin, CEO, GoldnFish Marketing Group, LLC and Steve Gold, CCO.  Having the entrepreneurs work through key exercises such as identifying their position statement and by providing insights into various market segments got the participants to think through their message and “to take a step back and be clear on where they are going.” More on the importance of branding from GoldnFish Marketing Group >>

 

 

Connecticut Magazine Features Rise Brewing Co. Co-Founders in 2019 40 Under 40

One of Food’NBev Connect’s member brands, Rise Brewing Co.‘s co-founders Grant Gyesky, Jarrett McGovern, and Justin Weinstein are featured in Connecticut Magazine’s 40 Under 40 Class of 2019.

The co-founders started cold brewing in their New York City apartments. Through multiple batches of experimentation, they discovered the benefits of conditioning the cold brew with nitrogen, creating a creamy head and smooth finish. Ever increasing demand sent them from apartment to garage to their brewery based in Stamford.

Tapping into the $48B U.S. coffee market, they have chosen to focus on the specialty coffee market which represents 55% of the overall market.

Read more at Connecticut Magazine