Space Tea And Sprouts Farmers Market Deepen Their Partnership With Long-Term Product Placement
Portfolio Pulse from Benzinga Newsdesk
Space Tea and Sprouts Farmers Market (SFM) have deepened their partnership with a long-term product placement deal. Following a successful trial run, the partnership will now include a prominent placement of Space Tea's adaptogenic mushroom drinks in Sprouts' stores nationwide. The drinks, which include flavors like Golden Mango, Original, and Watermelon, are expected to benefit from the growing popularity of functional mushrooms in the healthcare and pharmaceutical products market, which is projected to reach $208 billion by 2027.
July 11, 2023 | 12:09 pm
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Sprouts Farmers Market (SFM) has deepened its partnership with Space Tea, which could potentially increase customer traffic and sales due to the growing popularity of functional mushrooms.
The partnership with Space Tea could potentially increase customer traffic and sales for Sprouts Farmers Market due to the growing popularity of functional mushrooms. The global functional beverage market, which includes products like Space Tea's adaptogenic mushroom drinks, is expected to reach $208 billion by 2027, indicating a strong market potential for these products.
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