Three high-profile acquisitions put the spotlight on how PepsiCo is shaping its beverage portfolio for the future: tapping into a new consumption model with SodaStream; eying up the opportunity for protein and sport with CytoSport, and building its presence...
The plant-based chicken category is heating up with Impossible Foods unveiling plans to enter the market in the fall with soy-based nuggets, going head to head with rival Beyond Meat, which has just launched pea-, and faba bean-based tenders.
The Good Crisp Company is eyeing up the growing market opportunity for snacks with immune support benefits with the recent launch of its better-for-you cheese balls featuring Kerry's Wellmune ingredient.
As consumers become vaccinated and more comfortable venturing out of their home after months of lockdowns, their health remains front of mind, but their priorities are expanding from a laser-focus on immunity to include weight management and their state...
Suja Juice, which helped mainstream the cold-pressed juice category, has been acquired by private equity firm Paine Schwartz Partners for an undisclosed sum, following a year of "unprecedented revenue and profit."
Comet Bio – a startup developing functional fibers and sweeteners from upcycled ingredients – has closed a $22m Series C round led by private equity firm Open Prairie, with support from Louis Dreyfus Company, BDC Capital, and existing investor Sofinnova...
Canadian startup Noblegen has opened a CAD$500m Series C capital raise as it seeks to commercialize a suite of products from the ‘ancient microorganism’ euglena gracilis, which can produce everything from proteins that behave like animal proteins, to...
Wicked Kitchen – a plant-based brand developed by chefs and mushroom enthusiasts Derek and Chad Sarno that has been a hit in the UK – is hoping to make a bigger splash this side of the Atlantic after securing $14m in a Series A round co-led by Unovis...
Childhood nutrition giant Gerber is teaming with the Rodale Institute and Michigan State University to test whether more sustainably grown food is not only better for the earth, but also for children, as part of an ambitious, multi-prong commitment to...
Shares in Swedish oatmilk maker Oatly – which went public in May – dropped sharply on Wednesday following a report from New York based activist investor and short seller Spruce Point Capital Management arguing that “the walls are collapsing on Oatly’s...
As grocery buying settles into a new, less-frenzied norm, many major food companies including Conagra Brands are dealing with the rising costs of doing business in an inflationary environment by raising the prices of their finished products.
Austin, Texas-based Springdale Ventures, a venture capital firm which has invested in a number of high-growth CPG brands, is on the cusp of its next chapter of growth with the appointment of a third general partner and is embarking on plans to raise its...
Common shares in naturally alkaline spring water Flow Beverage Corp. began trading on the Toronto Stock Exchange today (ticker symbol 'FLOW'), following the company’s reverse takeover transaction via a three cornered amalgamation with RG One...
Forced by the pandemic to change where and how they buy groceries, consumers in the past 16 months have been exposed to a wide range of shopping experiences – online and in store, good and bad – which simultaneously eroded their loyalty and raised their...
Oregon-based Honey Mama's and its truffle-like chilled cocoa bars made from five organic whole food ingredients is entering Whole Foods stores nationwide, where the brand is aiming to bridge the gap between the chocolate and wellness bar categories....
In FoodNavigator-USA's latest roundup of new product launches, we include Clif Bar's first foray into boxed cereals, PeaTos' fiber- and protein-fueled take on Doritos, RXBARS's new plant-based bars, and a wave of products focusing...
PepsiCo’s net sales surged 20.5% to $19.22bn in the firm’s second quarter, zipping past expectations of $17.96bn, thanks in part to increased consumer mobility boosting demand for the firm’s iconic beverages at restaurants, events and across channels...
Citing “abusive actions by monopolies,” including “big ag,” that “lead to mass layoffs, higher prices, [and] fewer options for workers and consumers,” President Joe Biden Friday signed a sweeping executive order that tasks more than a dozen agencies with...
Tate & Lyle has struck a $1.3bn deal to sell a controlling stake in its 'Primary Products' industrial sweeteners and starches business in the Americas to private equity firm KPS Capital Partners, as it focuses on specialty sweeteners, fibers,...
The demand for mood support supplements based on 5-HTP has raised concern about the sustainability of the botanical Griffonia simplicifolia, the source of the ingredient. The authors of a recent paper said more information is needed to make sure the...
With brands now infusing their wares with everything from passionflower to hibiscus to deliver a sense of calm and wellbeing, the time is ripe to take 5-HTP - a mood support ingredient historically confined to the supplements market – to a broader audience,...
Wellmune – a branded beta glucan ingredient claimed to ‘prime’ the innate immune system, the body’s first line of defense against invasion by pathogens – is attracting growing interest from food and beverage brands as well as supplement products as immunity...
Instacart has appointed one of its current board members and former Facebook exec, Fidji Simo, as CEO of the online grocery shopping platform, effective August 2, replacing current CEO and founder Apoorva Mehta who will be transitioning to the role of...
Despite overall declines of the snack and nutrition bar category over the past year, NuSkool Snacks (formerly MCTco) saw demand for its brand – and other low-sugar bar products like it increase – reports founder and CEO Joe Christensen.
Ever since The Coca-Cola Co. offered the first coupon in 1887 for a free glass of Coke at “any dispenser of genuine Coca-Cola,” coupons have helped manufacturers drive sales, stores generated foot traffic and both build loyalty -- but pandemic-related...
As the #1 selling brand in Australia, New Zealand, and the UK, and the fourth largest kombucha company globally, producing more than 90 million cans per year, Remedy Drinks is seeking to replicate its success in the US market where it says consumers are...
Nestlé USA’s online sales grew more than 160% in 2020, with e-commerce sales accounting for 40% of its US growth, but there are still a ton of opportunities to reach more shoppers online, chief strategy officer Mel Cash tells FoodNavigator-USA as the...
The School Nutrition Association (SNA) wants Congress to once again delay stricter sodium targets and roll back whole grain requirements for school meals out of fear that students will reject the changes and drop out of feeding programs, many of which...
If you took the best of Bai, the best of Vitaminwater, and the best of Gatorade, and made it organic, you would have ROAR, says CEO Alex Galindez, who is applying a new distribution and marketing playbook to the five-year-old brand.
Olipop – a functional beverage brand forging new territory in the soda category with 9g fiber per can – is on course to more than triple revenues this year vs 2020, says co-founder Ben Goodwin, who launched the brand with David Lester in late 2018.
As the foodservice industry rebounds and consumers return to restaurant dining, mobile ordering app GrubHub took a look back at the past six months of ordering trends made by the approximately 33 million users of its mobile app.
New data from Placer.ai tracking foot traffic at America’s leading food retailers shows that traffic at Whole Foods – while rebounding - remains lower than it was in 2019, while many rival grocers have staged a stronger recovery.
Chobani has filed a confidential draft registration statement for a proposed initial public offering (IPO) with the Securities and Exchange Commission (SEC). The number of shares of common stock to be sold and the price range for the proposed offering...
With Aleph Farm’s 2022 initial market launch just on the horizon, the trailblazing food-tech company responsible for series of firsts in the nascent cell-cultured meat category, has secured $105m in series B funding to scale-up manufacturing and expand...
Meati Foods – which is carving out new territory in the meat-alternative space with a fungi-based platform capable of producing ‘steaks’ and other whole cuts – has raised $50m in a Series B round co-led by new investor BOND and long-time Meati investor...
Online personalized shopping platform, Sifter, is hoping to make label reading a thing of the past with a tool that instantly tells consumers which products fit their dietary needs and lifestyle.
While supermarkets remain the go-to for most Americans stocking their pantries or picking up last minute items, the channel’s dominance eroded during the pandemic when the rapid adoption of online shopping pushed many consumers to try – and sometimes...
Accounting for 20% of US consumers with an estimated direct buying power of $143bn, Gen Z is not a generation to be glossed over by brand marketers, says IRI, characterizing this young cohort as technologically savvy with an underlying practical streak...
Facing higher than previously expected inflation, flavor and spice giant McCormick & Company anticipates raising prices in late 2021 even as it pursues other cost savings and revenue management – a refrain that has been on repeat this year by most...
The meat alternatives company has given its latest innovation challenge award to a French start-up with new technology that differs from conventional extrusion.
Packed with protein, shortfall nutrients, antioxidants and more, dairy is well-positioned to meet rising consumer demand for functional foods and beverages, but a seemingly blasé approach to marketing and on-pack claims is holding the category back from...
Harmless Harvest and majority stakeholder Danone Manifesto Ventures (DMV) are exploring opportunities to take the organic coconut water into international markets, says CEO Ben Mand, who says the San Francisco-based brand also has the potential to stretch...
Brazilian plant-based meat brand Future Farm (Fazenda Futuro) is gearing up to enter the burgeoning plant-based meat category in the US after a successful debut in Brazil and several other markets including Chile, Mexico, the UK, Germany, and the Netherlands.
With a recent $8m cash infusion raised in a seed investment round led by several Israeli investors, Better Juice is scaling up the production capacity of its sugar reduction technology and focusing on deploying the technology in the US market, says Eran...
After a ‘hectic’ year in which sales outpaced expectations, the premium coffee brand Nespresso is shifting its business strategy and operational focus to better highlight and accelerate its fundamental belief that carefully crafted, high-quality coffee...
In the near term at least, we can expect to see continued elevated demand for food at home vs pre-pandemic levels as consumers spend more time working from home, cooking and baking, says General Mills, which is currently engaged in a significant round...
Danone has sponsored a report that uses ‘deep social listening’ tools to track conversations about food. The research charts attitudes to personal and planetary health, as well as growing demand for a ‘fairer’ food system coming out of the COVID-19 pandemic....
