The deal is the newest kombucha acquisition this yr as client demand grows for gut-friendly, better-for-you drinks
Temple Lifestyle Brands, the Montreal-based mother or father firm of Thirsty Buddha, an natural coconut water model, has acquired Rise Kombucha, because the purposeful drinks market is projected to develop to almost $7.9 billion by 2030.
Founded in 2008, the natural kombucha model is already obtainable in main retailers, however the deal, backed by Québec-based impression buyers led by Fondaction, is anticipated to speed up its attain and gasoline additional innovation.
Terms of the deal weren’t disclosed.
“Bringing Rise into our family is more than an acquisition; it’s a powerful step forward in our mission to revolutionize better-for-you beverages,” Temple Lifestyle Brands co-founder and CEO Christopher Magnone mentioned. “It brings us closer to our north star: 100 million better-for-you beverages consumed annually by 2035. One beverage at a time, we’re inspiring healthier living across Canada.”
The deal follows Generous Brands’ reported $500 million acquisition of Health-Ade earlier this summer time, including one of many U.S.’s top-selling kombucha makers to its portfolio.
“This is a heartfelt milestone in Rise’s journey,” Rise Kombucha’s former chairman of the board, Charles Chang, mentioned. “What began in Montreal with a simple idea, to craft a kombucha as bold and authentic as the people who drink it, has grown into something truly meaningful. Temple shares our passion for wellness, sustainability and community, and is uniquely positioned to unlock the brand’s next phase of growth with the scale, operational strength and expertise to make it happen.”
Mathieu Sasseville, Fondaction’s director of sustainable and impression investments, famous that the deal deepens the providing for Canadian shoppers who need more healthy merchandise.
“We are thrilled to continue this journey and support Temple’s management team in their growth ambitions,” Sasseville mentioned.
The curiosity in kombucha is not only a North American story. In the UK, Ocado Retail reported a 54% year-over-year surge in gross sales of purposeful drinks between March 2024 and April 2025, with kombucha gross sales growing 22% throughout the identical interval. Separate nationally consultant surveys carried out by Savanta in March and May 2025 echoed the pattern, pointing to a rising urge for food for wellness-driven alternate options to alcohol, particularly amongst Gen Z.
The rise of kombucha and purposeful drinks isn’t restricted to grocery aisles, as wellness and restoration studios are more and more constructing them into the visitor expertise. At Sauna House, a tech-free distinction remedy studio increasing from Asheville to Tennessee, company can pair the model’s “Hot-Cold-Relax” circuit with tea, adaptogenic glowing water or kombucha.