I'm writing this while sipping coffee made by Emma Chamberlain's French press. The 22-year-old YouTuber is not only Gen Z¡¯s , but also a big-time entrepreneur.
Her coffee brand, launched in 2020, took off among young coffee lovers (and even tempted me, a not-so-young coffee lover).
It got me thinking: Has food and beverage become the new playground for creators and influencers?
So I looked into a few players:
Source: Company websites
Turns out they¡¯re doing pretty well ¨C some even minting billions.
- Prime, Logan Paul¡¯s energy drink, is primed to exceed in annual sales
- Feastables raked in in chocolate bar sales within a few months
- Chamberlain Coffee makes annually, and recently raised
- The D¡¯Amelio family raised to foray into snacks
Why Influencers Flock to the Food and Beverage Industry
For starters, it¡¯s lucrative. Food and beverage accounts for over of the consumer packaged goods industry. Plus, the entry barrier is relatively low.
And creators and influencers are well positioned to take a slice of the pie:
?They¡¯re already the winning formula for CPG brand marketing. These brands spend per year in ads, a big chunk of which goes to creator partnerships.
?? Their content often fits well with daily refreshments like snacks and coffee, and their relatable nature inspires trust among young consumers.
? Loyalty for legacy brands is , and there¡¯s space for influencers to get in. With a built-in brand and audience, it¡¯s easier to gain traction for their products ¨C especially if they play up the .
They're Not Doing It Alone
Since these entrepreneurs aren¡¯t usually experts in the goods they sell, is a popular way to get a product to market.
Influencers partner with third-party manufacturers and add on their own branding and marketing. This way, they quickly gain market share without high upfront investments:
- Chamberlain Coffee is powered by
- Prime energy drink is actually made by
- Midnight Mini Cookies are based on a refined recipe by
And, to add a trusted edge, food industry veterans are often chosen to helm these companies, like Feastable¡¯s and Myna Snack¡¯s .
Hardly A Candyland
Not every influencer-founded refreshment can magically make it. As more products flock to the space ¨C and with A-list in the mix ¨C it¡¯ll be even harder to stand out.
Plus, it¡¯s easy for influencers to lose favor with consumers: Pokimane got into a with her fans over pricing for her cookies; Prime drinks are getting pulled from shelves with pending FDA ; and Chamberlain¡¯s latest RTD collection is being dubbed ¡°.¡± ?