Generous Brands has recently acquired the popular kombucha brand Health-Ade. This move enhances their already impressive lineup, which includes brands like Bolthouse Farms and Evolution Fresh.
The timing is perfect, as more people are seeking healthier beverage options. Kombucha, known for its gut health benefits, has grown steadily over the past five years. Health-Ade, which began at the Brentwood Farmers Market in 2012, has transformed into a leading name in this category. Today, it generates nearly $250 million in retail sales and is sold in over 65,000 stores across the U.S.
Steve Cornell, CEO of Generous Brands, expressed excitement about the acquisition. He believes that adding Health-Ade strengthens their focus on health-conscious consumers. “With our combined scale, we can create innovative, nutritious products that meet the needs of today’s marketplace,” he said.
Health-Ade’s commitment to high-quality kombucha aligns perfectly with Generous Brands’ mission. All Health-Ade products are organic, non-GMO, gluten-free, and vegan, making them a favorite among health-focused shoppers.
Interestingly, the kombucha market doesn’t just highlight a trend; it reflects a significant shift in consumer behavior. According to recent surveys, 40% of Americans are now opting for beverages perceived as healthier. This demand indicates that brands focusing on quality and health are likely to thrive.
As Generous Brands moves forward, it aims to reach nearly $1 billion in retail sales with its range of drinks, from juices to protein shakes. Given the current market dynamics, this acquisition sets a promising foundation for continued growth and innovation in the premium beverage sector.
The acquisition also keeps First Bev and Manna Tree Partners, the former owners of Health-Ade, as minority shareholders in Generous Brands, ensuring a collaborative approach toward expansion.
The beverage industry is rapidly evolving, and deals like this signal a broader trend toward health-centric products that cater to consumers’ changing preferences. This acquisition might very well shape the future of retail in the health beverage space.
For more information about the impact of health trends on the beverage market, check out this report from the Beverage Marketing Corporation.