NEW YORK, May 16 (Reuters) - Danone introduced
a new protein shake under its Oikos yogurt brand this week as
rivals Fairlife and Chobani that have similar products gain
popularity with consumers and those taking weight-loss drugs
such as Wegovy.
The company is looking to enter the $7 billion protein shake
market, said Shane Grant, global deputy CEO of Danone, in an
interview last month.
"Three-quarters of (U.S. consumers) want more protein in their
diet, and GLP-1s are only accelerating this demand," Grant said,
referring to the weight-loss medications. "We see the explosive
growth across lots of demographics and occasions."
Danone said it spent about one year developing the shake, which
is priced at $3.69.
People taking weight-loss drugs are encouraged to eat more
protein to avoid losing muscle, Reuters has reported, leading to
food makers such as Nestle and Conagra offering
new products high in the nutrients or re-labeling existing ones
to meet the new demand.
Makers of smoothies and shakes have also joined the trend.
Coca-Cola's ultra-filtered milk brand Fairlife, which
offers protein shakes, isn't specifically marketed to people on
GLP-1s, but is growing substantially, Coca-Cola executives have
said in recent calls with Wall Street analysts, helping buoy the
entire company.
Energy-drink maker Celsius in February acquired Alani
Nu, another maker of a popular protein shake.
France-based Danone says the Oikos shake is good for
digestive health because it has five grams of a certain type of
fiber. The company, with the new product, is responding to a
trend of U.S. consumers paying more attention to what they eat.
"We see a larger movement toward nutrition and health as
part of the agenda for the American consumer," Grant said. "We
see that American consumer expectation (of) health through food
as growing."
Grant said he also sees U.S. Health Secretary Robert F. Kennedy
Jr.'s Make American Healthy Again campaign, which is seeking to
overhaul U.S. packaged food and ingredients in it, as part of
that consumer movement.
Danone is turning to social media influencers to help sell
the product, the company said.