Coca-Cola is Opening a $650 Million Factory for Fairlife Products
Colin Smith — May 10, 2023 — Lifestyle
References: coca-cola & foodbusinessnews.net
Coca-Cola Co. announced that it is opening a new Fairlife production facility in Webster, NY, following a large increase in demand for dairy products. The company will invest $650 million in the facility, and is planning to have the facility up and running by the end of 2025.
Fairlife products have grown in popularity due to the unique manufacturing process used to create them. These dairy products are heavily filtered to remove excess lactose and sugars, resulting in nutritious, protein and calcium-packed dairy products that are healthier than many alternatives.
Coca-Cola stated that Fairlife as a brand has grown significantly for the last eight consecutive quarters, with sales and production increasing to scale to demand, leading to a need for a new production facility. The chairman and CEO of Fairlife, James Robert B. Quincey, noted that the brand surpassed $1 billion in sales in 2022.
Image Credit: Fairlife, Coca-Cola Co.
Fairlife products have grown in popularity due to the unique manufacturing process used to create them. These dairy products are heavily filtered to remove excess lactose and sugars, resulting in nutritious, protein and calcium-packed dairy products that are healthier than many alternatives.
Coca-Cola stated that Fairlife as a brand has grown significantly for the last eight consecutive quarters, with sales and production increasing to scale to demand, leading to a need for a new production facility. The chairman and CEO of Fairlife, James Robert B. Quincey, noted that the brand surpassed $1 billion in sales in 2022.
Image Credit: Fairlife, Coca-Cola Co.
Trend Themes
1. Filtered Dairy Products - Opportunity to innovate the dairy production process by heavily filtering to create healthier, protein and calcium-packed dairy products.
2. Investment in Dairy Production Facilities - Investment opportunities for companies in the dairy industry to expand production facilities to keep up with growing demand for healthier dairy products.
3. Increased Demand for Healthier Dairy Products - Opportunity for companies to develop and promote dairy products that are healthier than traditional options to meet the growing demand for healthier dairy products.
Industry Implications
1. Dairy Production - Dairy producers can invest in new production facilities and innovate their production processes to meet the growing demand for healthier dairy products.
2. Beverage Industry - Beverage companies can invest in or acquire dairy production facilities to expand into the growing market for healthier dairy products.
3. Nutrition Industry - Nutrition companies can partner with dairy producers to create and market healthier dairy products that meet the growing demand for nutritious food options.
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