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Business Wars Daily

MiO Takes on Gen Z

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 8 May 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Wednesday, May 8, and we're looking at MiO vs. MegaFood.

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Transcript

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0:00.0

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0:04.8

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0:08.5

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0:49.2

Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, May 8th.

1:07.0

Water. We know it's good for us. We need to drink it, a lot of it, but sometimes it needs a little pizazazze to be more palatable, don't you think?

1:15.5

That's where water enhancers are coming in. A few drops or a packet of powder turns your plain old water into a zesty flavored beverage.

1:23.0

And you know what? Consumers are drinking them up. Water enhancers are expected to be a $7 billion market

1:28.1

market research firm, FactMR. Mio made a name for itself by claiming to, quote,

1:36.4

fix water. The Kraft Hines' own brand comes in a pocket-sized pod. The drops are sugar-free and don't

1:42.5

add calories as they turn your water into

1:44.5

lemon, lime, or other flavored elixir. But, you know, time has a way of changing tastes, even when

1:50.5

it comes to good old H-2O. Like many brands, Mio is trying to attract younger customers, and those

1:56.0

Gen Z targets are focused on wellness and are more worried about what's in their water than added

2:01.7

flavors. And so the company's rebranding MEO to focus on the wellness benefits of drinking

...

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