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OLIPOP Becomes Best-Selling Single-Serve Soda, Surpassing Pepsi and Coke

2024-07-27 22:25:43.662000

The global service counter market is experiencing emerging growth in 2023, with key players such as Carlisle FoodService, Delfield, Ckitchen, and more driving the market forward. The research report provides qualitative and quantitative information on the major drivers, limitations, opportunities, and challenges influencing the growth of the market. It also analyzes the impact and recovery from Covid19, as well as possibilities and tactics for growth. The report predicts that the service counter market will be worth millions of dollars in 2023 and is forecasted to reach millions of dollars by 2031, with an estimated CAGR for generating significant revenue until 2031. It also provides an extensive analysis of leading companies in the global service counter market. [1dcf12c3] [8ada8b78]

The ice cream industry in Bangladesh is facing challenges due to complications in importing raw materials, a decrease in consumers due to inflation, and changing weather conditions. Ice cream companies experienced around 40% growth in the first half of 2023, but this has slowed down to 18-20% since July. The industry had rebounded in 2021 after a major setback during the Covid period, but sales projections for this year are falling short. The average price of raw materials in the international market has surged by 40%, leading to price adjustments by ice cream manufacturers. Despite the challenges, Igloo ice cream dominates the market with a 35% share, followed by Polar with a share approaching 25%. Other notable players include Kwality, Savoy, Bloop, Lavello, and Bellissimo. The ongoing relocation of Polar's factory has affected its business, but the transfer process is in its final stages. The Golden Group's Savoy brand has gained market share through aggressive marketing efforts and investments in logistics. Entrepreneurs in the industry are facing challenges due to increased customs tariffs on raw materials, including milk fat. [0ddec094]

Dubai-based frozen desserts brand House of Pops is entering a new stage of growth by expanding its product line-up, increasing market presence, and offering private label services. The company recently introduced its new gelato range and ice cream bites at the Gulfood event in Dubai. House of Pops has signed an agreement with a distributor to expand its presence from 40 locations to 1,000 locations in the UAE alone this year. The brand also plans to grow its footprint in the GCC markets through distribution or franchising contracts. Additionally, House of Pops aims to utilize its spare factory capacity to manufacture private label products for other companies. The brand has collaborated with a Lebanese food company to launch a range of products with Levantine flavors and partners with other firms for plastic-free packaging and recycled plastic uniforms. House of Pops is targeting the healthy snacking trend and the children's market with its clean-label, plant-based popsicles. The company believes that health and wellness will continue to be a growing trend in the future. [67857ccb]

OLIPOP, the innovative soda brand, has become the best-selling single-serve soda in numerous grocery stores across the United States, surpassing giants like Pepsi and Coca-Cola. OLIPOP's success can be attributed to its innovative recipes that blend traditional soda flavors with functional ingredients. CEO and co-founder Ben Goodwin projects OLIPOP's sales to nearly double in 2024, reaching $0.5 billion. OLIPOP recently partnered with Mattel to create a limited-edition Barbie soda flavor that became a phenomenon. OLIPOP's marketing strategies resonate with consumers' desires for tasty yet functional beverages. OLIPOP's formula boasts an excellent source of fiber, appealing to health-conscious consumers. OLIPOP is committed to maintaining its momentum with plans for new product formats and creative partnerships. OLIPOP challenges longstanding giants and redefines the soda experience for a new generation. [4093cf9c]

On National Ice Cream Day in the UAE, several establishments are offering special deals and discounts. Keventers is offering a special Dh4 deal on four flavors, House of Pops has created three new gourmet flavors, UAE brand Canvas Gelato is offering a 15% discount on all orders over Dh300, and Okku Dubai at Marriott Resort Palm Jumeirah is offering ice creams at Dh20 a scoop. [637bb5e3]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.