As a new anti-ESG era emerges, food and beverage businesses that set ambitious goals to reduce their environmental footprint, improve worker livelihoods, diversify leadership or enhance accountability could find themselves stuck between a rock and a hard...
Hershey's net sales increased 12.1% to $2.98bn thanks to price and volume gains across both confectionery and salty snack segments, driven heavily by consumer demand and media investments.
Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Nestle’s near double-digit price hike across its portfolio of coffee and confections over the past three months helped buoy sales and offset a notable jump in costs without significantly dragging down volumes, prompting executives and analysts to characterize...
Day one of the Center for Science in the Public Interest (CSPI) Sugar Reduction Summit centered around the organization’s sugar reduction initiatives for all food and beverage categories, aligning with USDA and the New York Department of Hygiene and Mental...
PepsiCo beat Wall Street expectations for its first quarter 2023 earnings due to strong margin growth while backing off potential future price increases to combat inflation and other supply chain issues, the company's Chairman and CEO Ramon Laguarta...
Organic seaweed snack maker gimme continues sustainable initiatives through its partnerships in Korea and developing bold flavors and new convenience channels with eco-friendly packaging.
Working alongside the Almond Board of California, Mattson is showing the potential of using almond hulls in food and beverage applications, as the upcycling food and beverage trend continues to pick up steam, Al Banisch, chief strategy and client engagement...
After three years of innovation-stifling supply chain and labor challenges paired with record high inflation and a trying economy that has discouraged both investors and adventurous shoppers, food and beverage manufacturers are finally ready to prioritize...
Sales of plant-based dairy, including milk, cheese and yogurt, continue to grow at a rapid clip despite challenging macroeconomic and market conditions, but units in some categories are dipping slightly, according to recently released SPINS data, raising...
The multifunctional and tolerable prebiotic fiber is resistant dextrin made from tapioca and 20% as sweet as sugar, according to its producer, Anderson Advanced Ingredients.
Discussions between FMI – The Food Industry Association’s Government Relations Committee and lawmakers will surround Farm Bill reauthorization, food safety regulations and credit card competition, among others on April 19, 2023.
Through a suite of virtual and augmented reality activations launched this week, KIND Snacks is breaking down for mainstream Americans the complicated concept of regenerative agriculture and the real-world environmental impact of its latest sustainability...
Since kick-off in 2019, PeaTos has experienced explosive growth and received widespread acclaim thanks to its innovative approach to snacks – adding better-for-you nutrition to popular offerings – and marketing – debunking the junk and challenging the...
In a controversial move that could have a ripple effect for food and beverage manufacturers nationwide, California Assembly’s Committee on Health approved AB 418 -- bringing the state one step closer to potentially banning brominated vegetable oil, potassium...
The no-code electronic data integration software offers automatic compliance testing, certification services and onboarding amenities to connect food and beverage brands with a network of trading partners.
Retailers investing in private label to cater to consumers trading down as inflation rises, simultaneously are looking to offset lower dollar sales with a broader selection of premium offerings that can boost basket rings – creating an opportunity for...
As consumers look for quick energy boosts or moments of indulgences throughout their day, they are driving the snack market to new heights, while simultaneously becoming more critical of what they buy and trading down from premium brands to smaller sizes,...
Bringing back a nostalgic food and beverage brand "is about relaunching smartly," explained Purvi Shah, assistant professor of marketing, Worcester Polytechnic Institute.
PepsiCo is sharing lessons learned from two and half years of its PepsiCo Positive (pep+) initiative with its retail and foodservice partners through a new platform to boost sustainability across the value chain, Marianne Ross, senior director of commercial...
The fintech platform, along with the Global Entrepreneurship Network, intends to help small to medium-sized businesses access capital with the launch of the Equitable Access Program and its first product, the Business Health Score.
PepsiCo is dedicating its annual small business Greenhouse Accelerator Program to Hispanic-owned food and beverage companies with the first Juntos Crecemos edition, as the CPG leader continues to progress on its Racial Equality Journey initiative, Antonio...
C-suite leadership should focus on sales and marketing in a value-driven market, rather than remain overly-focused on operations, according to Chief Outsiders' recent survey.
PepsiCo is speeding up innovation in sustainable packaging with a new greenhouse learning center for Frito-Lay and Quaker Oats located in Plano, Texas, as the company looks to progress initiatives outlined in its pep+ program.
Raising prices while simultaneously shrinking products to offset higher inflation could cost brands more in the long term, suggests a new survey from YouGov that found consumers turned off by shrinkflation are turning to private label.
The proposal is intended to provide more flexibility for foods with standards of identity where salt is a required or optional ingredient, and “facilitate industry innovation to reduce sodium in standardized foods,” the agency stated.
Conagra Brands solid growth and margin recovery in its third quarter reflects its strategic success of “moving past discrete supply chain disruptions and prioritizing productivity and value over volume,” CEO Sean Connelly said during the company's...
Once reserved for special occasions and parties, dips are breaking out as an everyday snack – and in some cases meal – to emerge as a fast-growing category driven by pandemic-fatigue, consumer interest in global flavors and an enviable family-friendly...
Americans who consume more fresh vegetables experience a better mood compared to those who skip the greens, according to recent USDA research. The study offers insight for food and beverage manufacturers to meet growing consumer demand for functional...
The era of food and beverage entrepreneurs scoring massive checks from investors with scant review to build and exit a business in three to five years is giving way to a new era of cautious consideration by venture capitalists seeking slower but more...
Upcycling food, or turning would-be wasted byproducts from one product into something delicious and nutritious for people, has emerged as one of the hottest trends in food and beverage in recent years with the market projected to grow at a compound annual...
Cup Noodles is stirring up soup occasions with a breakfast-inspired ramen as the brand looks to expand its ramen business with a focus on premium offerings and flavor innovation, Priscila Stanton, senior VP of marketing for Nissin Foods, told FoodNavigator-USA.
At Natural Products Expo West this year, walking down an aisle without seeing a callout for prebiotics or probiotics was nearly impossible as more players race to meet consumer demand for each, which research from Coefficient Capital shows is climbing...
Rapidly rising food prices are expected to slow in 2023 after supply chain challenges, geo-political strife, climate change and agricultural policy changes contributed to record inflation in 2022 and prompted government action, according to federal agencies....
Mars, Kellogg, Mondelez, and other CPG players are launching seasonal sweets and snacks to mark the start of Spring and Easter with unique and classic flavors as well as bite-size formats that also satisfy consumer demand for permissible indulgence.
Consumers are talking less about ‘general health’, and more about cleansing, detoxing, carb-free, and cholesterol-free, according to Tastewise. How does this trend translate into opportunity for industry?
Hershey plans to aggressively scale its salty snack business with ambitious goals to take SkinnyPop popcorn and Dot’s Homestyle Pretzels from second and third place respectively to first in their categories “in the next couple of years” by building brand...
Organic snacking brand Sweet Nothings continues to expand beyond the frozen smoothie segment with the help of two new flavors of its Nut Butter Bites, brand CEO and co-founder Jake Kneller told FoodNavigator-USA.
Hershey is gaining market share in the US confection market while its top competitors fall farther back by replacing its old playbook of innovating and marketing to masses with a more targeted “occasion-based” approach to product development and “mass...
Better for you snack brand Simple Mills is taking is mission and products beyond its initial “free from” roots to embrace a “for more” approach that not only skips artificial ingredients that consumers are avoiding but gives them more of what they want...
Hershey is making more of the sweets and snacks consumers want with less and overcoming extreme supply chain challenges by replacing and repurposing underutilized manufacturing capacity, ditching conventional lines in favor of more efficient modular operations...
General Mills is bracing for double digit inflation in the back half of the year, but rather than automatically raise prices again – although that remains an option – the CPG giant plans to work with suppliers to find mutually beneficial solutions.
Singapore-based WhatIF Foods looks to bring its line of products derived from the bambara groundnut to a wider audience in the coming year, focusing on educating consumers about the legume’s benefits and appealing to the “climate anxious GenZ consumer,”...
With the launch of its latest Tostitos flavor — Mexican Style Three Cheese — PepsiCo is advancing its proposition to elevate its chips beyond a side to the center of the plate.
Consumer demand for snacks continues to increase, and Mondelez International sees itself as well-positioned to not only meet those needs but increase its market share in the process.
Nutrient dense and versitile hemp seeds might be the next ingredient to shake up the super seed space, long-dominated by chia and flax, according to a panel of experts and trendspotters at Natural Products Expo West last week.
How Nestlé uncovers unmet consumer needs and develops foods and beverages are almost as innovative and diverse as the successful new products it has launched and patents it has filed since the pandemic began.