Sunday, October 2, 2022

‘From non-existent to fastest growing energy drink in the US’, mapping the meteoric rise of ZOA Energy

“It has only been one year since we launched ZOA Energy, and the consumer and retailer reception has been fantastic. Clearly, both were looking for a healthy, positive energy drink, and that’s what ZOA delivers,”​ZOA Energy CEO Michael Pengue told FoodNavigator-USA.

“ZOA will be in well over 100,000 retail locations by the end of the year, with new accounts coming on almost daily. Although we are just starting out, our first-year sales are equal to what some of our successful competitors did multiple years down the road.”

ZOA has been a key factor of growth for Molson Coors as it made a strong play into the non-alcoholic segment with its ‘Beyond Beer’ portfolio, which together with coffee brand La Colombe and CBD beverage brand Veryvell brought in $800m in revenue for 2021, well beyond its original $1bn projection for 2023.

Speaking on the company’s Q4 2021 earnings call last week, CEO Galvin Hattersley said, “ZOA has already proven to be a success with a lot of opportunities still ahead as we continue to expand distribution. In less than 10 months, it has gone from non-existent to the fastest growing energy drink in the US.”

‘This amazing category continues to evolve’

While the energy drink category has no shortage of new entrants, ZOA ‘clean’ energy formula is appealing to a new set of consumers who may have avoided energy drinks in the past and are now open to trying a product such as ZOA that contains 160mg of caffeine derived from green tea, and other on-trend ingredients including turmeric, camu camu, and acerola.

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Nation World News Desk
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