Zevia

Zevia
LLC
Industry Carbonated soft drinks
Headquarters Los Angeles, California, U.S.
Area served
Worldwide
Website www.zevia.com

Zevia is a Los Angeles-based company[1] that produces zero-calorie soft drinks sweetened with stevia[2] and erythritol.[3] Zevia was founded by Derek Newman, Jessica Newman, and Ian Eisenberg.[4] Donald Thrasher was the company's initial chief operating officer.[5] Zevia LLC was originally DrinkZevia LLC, which was based on a merger with Thrasher Beverage Corporation.[6]

Company history

Zevia was launched in 2007 as an alternative soft drink for those who want to avoid both added sugars and artificial sweeteners.[7]

Prior to 2009, Zevia was considered a “carbonated stevia supplement” as the U.S. Food and Drug Administration (FDA) had not yet granted stevia approved status as a food additive. In 2009, once FDA GRAS (Generally Recognized as Safe) status was given, Zevia became classified and marketed as a soda.[4] The product also contains no net carbohydrates and no fats.[8]

By the end of 2008 ACNielsen recorded that Zevia was the fastest growing natural product in the United States in terms of sales.[9] The company’s 2008 revenue was $925,000,[10] and the product was available in 850 stores.[11] In 2010, Zevia reported a 300% increase in same-store sales over 2009.[12]

The current CEO of Zevia is Paddy Spence, who bought Zevia in 2010 and became both CEO and chairman.[2][13][14][15]

In July 2012, Zevia ran billboard ads in support of New York City’s soda ban,[16] and Spence appeared on CNBC to promote healthier soda alternatives.[17]

In May 2012, the product was the best-selling soda in Whole Foods.[2] By July 2013, it was the number 17 zero-calorie or low-calorie soda in mainstream grocery stores, making it the only independent brand in the top 20. By the end of 2013, overall sales were over $60 million, and it was the 14th-best-selling diet soda.[18][19] As of 2014, the firm's product is available in more than 16,000 stores in the United States, including Whole Foods, Target, Kroger, Safeway, Sprouts, and other grocery and natural food stores.[20][21][22][2][7][23] Zevia is also sold in Canada, Australia, Europe,[24] and Latin America, [25]

In late 2013, the firm replaced their previous all stevia and erythritol sweetener with a mix of stevia extract, monk fruit extract, and erythritol, a blend that they call SweetSmart.[26][27]

As of 2014, the company produces fifteen different flavors including, cola, cherry cola, Dr. Zevia, ginger ale, lemon-lime twist, grape, black cherry, cream soda, orange, strawberry and Mountain Zevia.[28]

In 2016, Zevia launched two new product lines - sparkling water and energy drinks. Energy flavors includes mango-ginger, raspberry lime, grapefruit. Waters includes lime, cucumber lemon, blackberry, and mandarin orange.[29]

Ingredients and brand portfolio

Zevia contains stevia provided by Sweet Green Fields’ United States crops.[30] The soda comes in 15 flavors available in 12 ounce cans.[31] In April 2013, the company released six of their bestselling flavors in glass bottles including Cola, Cherry Cola, Cream Soda, Ginger Ale, Ginger Root Beer, and Grape.[32]

References

  1. "Company Overview of Zevia LLC". Bloomberg Businessweek. Retrieved March 30, 2012.
  2. 1 2 3 4 "Declining Soda Sales Lead to Search for Holy Grail." Archived May 25, 2012, at the Wayback Machine. Bloomberg Businessweek. Reporter Gigi Stone. Accessed April 24, 2013
  3. Zevia (September 2011). "Zevia - The Sweet Story of Our Soda". Zevia.
  4. 1 2 Andrea James (August 27, 2008). "Seattle-based Zevia selling all-natural, zero-calorie drink". The Seattle Post-Intelligencer. Retrieved March 30, 2012.
  5. http://www.zevia.com/history
  6. http://kepler.sos.ca.gov/
  7. 1 2 "'Soda' No Longer Four-Letter Word For Diabetics Thanks To Culver City Company". CBS Los Angeles. March 9, 2012. Retrieved March 30, 2012.
  8. Natasha Turner (2011). The Supercharged Hormone Diet: A 30-Day Accelerated Plan to Lose Weight, Restore Metabolism and Feel Younger Longer. Random House. p. 124.
  9. Jeff Reynolds (November 2008). "Sunwin International Customer Zevia LLC Recognized as Fastest Growing Natural Product". Retrieved March 30, 2012.
  10. Bruce, Bill. "Zevia Lands Deal with Whole Foods." FoodBev.com. Apr. 29, 2009
  11. Choi, Candace. "Cola holy grail: Great taste, no calories, no artificial sweetener.” Archived July 29, 2013, at the Wayback Machine. The Seattle Times. July 26, 2012
  12. "High End Optimism." BEVNET. Sept. 2, 2010. Accessed Apr. 24, 2013
  13. "Zevia LLC Gets New Owners". BevNet. September 28, 2010. Retrieved March 30, 2012.
  14. Spence, Paddy. "How a Startup Can Succeed in a Mature Category." Archived April 7, 2013, at the Wayback Machine. Harvard Business Review blog. Apr. 4, 2013
  15. Tabaka, Marla. “Leave the Nest to Start Your Company? 8 Signs You’re Ready.” Inc. magazine. Mar. 5, 2012
  16. Fulton, April. “Hold the Ice: Rhetoric Gets Hot Over New York’s Big Soda Ban.” NPR blog: The Salt. July 24, 2012
  17. "Zevia CEO Fights for a Sugar Ban". CNBC. Retrieved April 24, 2013.
  18. "Zevia Says First Major Soda to Use Monk Fruit." BeverageWorld. January 14, 2014
  19. Klineman, Jeffrey. "Zevia Set to Unleash New Sweetener Mix." BEVNET. Dec. 18, 2013
  20. Maria Tabaka (March 5, 2012). "Leave the Nest to Start Your Company? 8 Signs You're Ready". Inc. Magazine. Retrieved March 30, 2012.
  21. Schussheim, Sarah. "How Zevia is Staking Its Claim as Fashion's Favorite Soda." Elle Magazine. July 15, 2013.
  22. "Zevia Achieves Record-Breaking Quarter." BevNet. July 17, 2013
  23. Watson, Elaine. "Diet soda in a funk? Not ours, says Zevia boss as he adds monk fruit to his zero-cal menu: Zevia could be a $1bn brand." Food Navigator. Jan. 9, 2014
  24. http://www.thegrocer.co.uk/buying-and-supplying/categories/soft-drinks/zevia-brings-stevia-soft-drinks-to-uk/231385.article
  25. Wilbanks, Carri. "Zevia Offers Healthier Alternative to Soda." Examiner. August 26, 2013
  26. Lopes, Marina. "Feature: A sweet Asian fruit tempts the troubled soft drink industry." Reuters. December 22, 2013
  27. "Zevia reformulates soft drinks with new sweeteners." Beverage Industry. December 19, 2013
  28. Dennis Askew (March 19, 2012). "The Coming of Age of a New, Healthier Sweetener (OTC:STVF)". Smallcap Network. Retrieved March 30, 2012.
  29. "Startup Zevia wants to be know for more than just soda". Fortune. 2016-06-29. Retrieved 2016-11-16.
  30. Sweet Green Fields press release. “Sweet Green Fields Selected by Zevia Natural Soda as Exclusive Stevia Provider; All Stevia Will Be Grown in U.S.” March 28, 2011
  31. Shee, Adelina. "Zero Calorie Zevia." 303 Magazine. Dec. 23, 2012
  32. Rothman, Max. “BevNET TV: Zevia Launches Glass Bottles at Expo West.” Mar. 15, 2013
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