Fresh Off the Press: Starbucks’ Evolution Fresh Brand Opens New Juicery
Starbucks’ (NASDAQ:SBUX) popular Evolution Fresh juice brand made took a significant step forward Wednesday as it celebrated the grand opening of a new Evolution Fresh juicery in Rancho Cucamonga, California. According to Seeking Alpha, the new juicery will enable the company to expand its market share significantly in the $1.6 billion super-premium juice industry.
Starbucks acquired the Evolution Fresh brand back in Nov. 2011, and has since marketed it aggressively in its Starbucks and grocery retailers. The company plans to feature it in at least 8,000 stores by the end of calendar year 2013, and we even learned back in August that Evolution Fresh juices and Evolution Harvest snack bars are now offered in many popular Whole Foods (NASDAQ:WFM) locations.
Now, Evolution Fresh’s new $70 million, 264,000-sq.-ft. facility is one of the largest juiceries in the U.S., and it employes the most advanced technology, High Pressured Processing, which allows it to source, peel, squeeze, and press raw fruits and vegetables at four times the speed of the original juicery without ever heating the juice. According to Seeking Alpha, the technology uses a high level of isostatic pressured, transmitted by water, which allows HPP to deliver more of the flavors and nutrients of raw fruits and vegetables than traditional heat pasteurized juices. HPP juices also have a longer shelf life than raw juices, but also usually result in a higher price tag.