Target has cut its inventory levels by 20% in the last two months in a conscious effort to streamline its business and set the company up for improved long-term growth, shared chairman and CEO Brian Cornell.
Farmers markets are more than a popular summer destination for Americans who want to learn where their food comes from – they also play a key role in Federal nutrition programs and the government’s plan to transform the food system to better support small...
Heightened US-China tensions have caused planners in all industrial sectors to reevaluate their sourcing arrangements. Stakeholders in the dietary supplement industry say having firm relationships with well-vetted suppliers is the best way to manage...
Still a niche segment within the plant-based food category, plant-based yogurt is poised to become a much larger piece of the chilled dairy set as consumers find products that can closely mimic the taste and mouthfeel of its conventional dairy counterparts,...
Health and wellness company Laird Superfood has confirmed its receipt of an unsolicited offer from EF Hutton SPV I LLC to acquire the company's outstanding common stock for $3.00 per share in cash.
In a worst-case scenario, McKinsey is predicting a food deficit representing a year’s worth of nutritional intake for up to 250m people – or 3% of the global population.
The acute health threat of COVID-19 may be ebbing for most Americans, but the desire it instilled in many to bolster their physical and mental wellbeing continues to push consumers to seek food as medicine, according to industry insiders.
The “huge bet” SunOpta has placed on oatmilk through an aggressive series of investments in production capacity “has absolutely paid off,” says CEO Joe Ennen as the firm gears up to open a new aseptic production facility in Midlothian, Texas and expand...
US honey consumption reached record highs last year while domestic production dropped to its lowest since 1991, primarily due to lower yield per colony, according to USDA’s latest sugars and sweeteners outlook report, which notes that imports have surged...
So-called ‘ultra-processed foods,’ which include a significant portion of CPGs, are often demonized as calorie-dense, nutrient-poor and a major contributor to diet-related chronic diseases, but is this characterization an oversimplification that is just...
Food elasticities are finally ticking up as middle- and upper-income consumers whose spending so far has remained resilient in the face of rising inflation begin to feel pinched – prompting them to shift to more affordable retailers, including Walmart.
It’s easy to see the grim P&L figures at Beyond Meat and Oatly and the recent lackluster performance of some refrigerated meat alternatives in US retail as proof that the entire ‘alt protein’ space is a busted flush, but the real picture is more nuanced,...
Chamberlain Coffee, a DTC-focused brand created by YouTube star Emma Chamberlain, has sealed a $7m Series A funding round led by Blazar Capital and a stacked roster of DTC, retail, and beverage industry investors.
At a time when pushback against sugar is spurring large CPG players to exit the ready-to-drink smoothie and juice market by off-loading well-known brands, two best friends see an opening for a new line of produce-packed beverages positioned as having...
As the average retail price of chicken eggs has surged 51% in the past year, JUST Egg has reduced pricing for its 12-ounce plant-based liquid egg product by 41%, reaching cost parity with premium chicken egg competitors, according to recent data from...
As Americans continue to adjust to post-pandemic life and mounting economic uncertainty, consumer research from Mintel shows that many believe there is no going ‘back to normal’ and as such are changing the way they think about, budget and shop for, and...
Notoriously thin operating margins in the food supply chain will likely keep manufacturers and retailers from incrementally lowering prices even as input costs begin to come down – preferring instead to wait until the economic landscape stabilizes and...
In the face of an unrelenting inflationary environment, zero sugar soda brand Zevia is reporting continued growth and consumer adoption of its products, especially in the club channel.
In another sign that inflation may be peaking, wholesale prices fell month-over-month for the first time in July since April 2020, but commodities remain significantly higher than last year, suggesting it may be well into next year before food manufacturers...
Private label specialist TreeHouse Foods – which has been looking to reengineer its portfolio to focus on higher-growth, higher-margin snacks and beverages markets – has struck a deal to sell a significant portion of its meal preparation business to European...
A study published yesterday by a group that included researchers from the University of Mississippi found that fewer than half of 30 immune supplements bought on Amazon had labels that accurately reflected their contents.
ADM will soon begin processing ultra-high protein (UHP) soybeans from farm tech company Benson Hill with the first commercialized products expected to hit the market in early 2023.
As consumers become more familiar with plant-based alternatives to animal products they are becoming more sophisticated in how they evaluate their options and less willing to compromise on nutrition, taste, texture and variety – pushing industry to find...
While overall inflation in the US cooled slightly in July, giving hope to some economists that financial pressures may be peaking, food prices continue to climb at their fastest rate in more than 40 years – suggesting the economic recovery still has a...
What’s more sustainable? Using acres of land, water and energy to grow plants that produce minuscule quantities of natural sweeteners; or making them via a fermentation process using a microbe that’s been engineered to produce exactly the same molecules?
The popularity of condiments soared during the pandemic as consumers used the products as an easy way to elevate an otherwise bland meal made at home, notes Mintel, which says that condiment brands must engage with younger consumers to ensure future long-term...
Plant-based yogurt brand, Lavva, has been acquired by Brooklyn-based venture firm Next in Natural and has appointed a new CEO, Jeff Lichtenstein, to help the brand keep up with consumer demand and produce additional innovation.
PepsiCo is expanding its use of climate tech developer UBQ Materials’ renowned thermoplastic across its supply chain, in items ranging from shipping pallets to Lay’s chip displays.
While sports drinks are often loaded with sugar and can pack a hefty caloric punch, convincing people to replace them with water or unsweetened options may be more difficult than persuading them to ditch other sugar-sweetened beverages, including soda,...
Fresh off closing a $3.9m seed funding round* led by Unovis Asset Management, Paragon Pure is debuting its OléPBM alternative fat technology made from rice bran oil, which it claims outperforms palm and coconut oils in plant-based meat products.
Higher grocery prices across categories are starting to take a toll on consumers as they pull back on premium cuts of meat, overall animal protein volume and seek less expensive, value options, Tyson Food executives reported during the company’s third...
As budgets tighten during periods of economic uncertainty or rising inflation, consumers often turn to private label products to save money, although this hasn’t always translated into long-term increases in market share. This time, however, predicts...
Well represented in key at-home eating categories of sauces (Rao's Homemade), yogurt (Noosa Yoghurt), and frozen entrees (Michael Angelo's and Rao's), Sovos Brands highlighted the performance of the company's largest brand Rao's...
CPG and waste and recycling industry leaders are urging the House of Representatives to follow the US Senate’s lead and quickly pass “critical” legislation needed to “fix America’s broken recycling system” which, according to the Consumer Brands Association,...
Sustainability “is probably on slide two or three of every customer presentation now,” notes Ingredion, but how can consumers cut through the PR noise to make meaningful comparisons between brands? Checkout our final gallery of trends at IFT FIRST exploring...
Monster Energy is fighting to grow its shelf space in the increasingly competitive energy drink category while also dealing with unrelenting inflationary cost pressures, said CEO Rodney Sacks on the company's Q2 2022 earnings call.
Tweaks to Sprouts Farmers Market’s marketing strategy to focus on competitive produce pricing and product differentiation along with other strategic decisions are paying off as foot traffic and sales begin to rebound after plummeting following the retailer’s...
Beyond Meat CEO Ethan Brown faced another grilling from analysts on the firm’s Q2 earnings call Thursday after posting a $97.1m net loss on net sales of $147m, lowering guidance for the full year from $560-$620m to $470m-$520m, and cutting 4% of its global...
Revol Greens, the largest greenhouse lettuce grower in North America, is growing from 30 to nearly 50 acres of indoor farming space with the opening of a new facility in Texas and plans to double operations at its three other existing facilities to eventually...
Food and beverage companies are under increasing pressure to measure, reduce, and accurately report their social and environmental impact, with the SEC recently outlining proposals* that would require all registrants to disclose their scope three greenhouse...
A week after warning of falling profits due to consumers pulling back on spending to offset rising food and gas prices, Walmart is laying off hundreds of corporate staff in a move some fear signals a cooling job market and increased risk of recession.
Sugar reduction is still top of mind for most US consumers, but their motivations for purchasing low- and no-sugar beverages have shifted from weight management and dieting pursuits to achieving a sense of general wellbeing, claims Howard Telford, head...
Despite being a nutrient powerhouse with more fiber and protein per serving than quinoa and nearly twice the amount of iron as a 3-ounce sirloin steak, sorghum hasn’t quite crossed into mainstream territory with most consumers. But that could soon change,...
As the pandemic progresses and consumers delve deeper into how nutrition impacts their health, they are expecting more from the products they buy – pushing beverage makers to blur category lines to offer more benefits, according to Mintel.
Oatly posted a $72m net loss on net revenues up 21.8% to $178m in the second quarter of 2022, slightly under analysts’ expectations, with gross profit margins of 15.8%, a figure CEO Toni Petersson insisted would rise over time as the Malmö-based oatmilk...
PepsiCo will take a 20% equity stake in Romanian spring water brand Aqua Carpatica: eying up the potential to expand the brand to the US and other markets.
PepsiCo is making a $550m investment in functional energy drink Celsius: further boosting its focus on the energy category and eying up a shared opportunity to drive growth and innovation in the sector.
Despite the difficult economic reset underway in the capital markets and lingering supply chain challenges, rising inflation and the growing threat of a recession, investors are still interested in the food and beverage space, according to one investment...
On Capitol Hill last week, hemp industry stakeholders and Congressional leaders frustrated by FDA’s lack of regulations for CBD and other hemp-derived compounds since the 2018 Farm Bill authorized commercial production of the crop, explored how the 2023...
