The latest food and beverage industry news and trend analysis

Vienna-based hydration pioneer waterdrop has closed a funding round exceeding 100 million euros, securing strategic backing from Atlantic Grupa and Aspeya to scale its direct-to-consumer infrastructure.

Pop & Bottle has expanded its RTD portfolio into the functional hydration category, launching a Matcha Coconut Water line that combines ceremonial-grade matcha with over 600mg of natural electrolytes to target the "clean energy" wellness market.

DASH Water has expanded its "wonky fruit" infused sparkling water portfolio through a high-profile collaboration with Pink Lady, launching a zero-calorie, zero-sweetener Pink Lady Apple variant to capture the growing demand for clean-label refreshments.

Sidel has launched the industry’s first returnable PET bottle developed specifically for the still water market, offering a 10% weight reduction compared to traditional carbonated alternatives and enduring up to 25 wash cycles.

Volvic has announced its entry into the functional hydration segment in the UK and Ireland with the launch of "Volvic Vitamin+," a range of magnesium and vitamin-enriched mineral waters designed to capture the "food-to-go" market.

Nestlé Waters & Premium Beverages UK has introduced "Inspired by Buxton Peak," a new three-SKU range of functional flavoured waters designed to meet growing consumer demand for proactive, low-calorie wellbeing solutions.

The Coca-Cola system has committed $1.94 million to restore the Ruvu Basin in Tanzania, utilising nature-based solutions to secure water for Dar es Salaam as part of a wider $25 million African regional strategy.

Constellation Brands has agreed to acquire the remaining stake in HopWtr, a functional non-alcoholic brand, following 22% category growth and a successful four-year venture partnership.