Low-carb, high-protein cereal brand Magic Spoon has closed an $85m Series B fundraise led by private investment firm HighPost Capital and will also be making its exclusive retail debut at Target stores nationwide.
Between cows’ burps and manure and their land, water and feed requirements, the dairy industry is often blamed for adding substantial greenhouse gases to the atmosphere, and contributing to monocropping, soil degradation and water pollution.
Beverages dominate IRI’s 2021 New Product Pacesetters report, accounting for a record eight out of the top 10 new products by dollar sales and 46 out of the top 100 new products.
While climate change presents a serious threat to coffee production, we have the tools at our disposal to futureproof the supply chain, says Doug Welsh, VP Coffee at Peet’s, which says 100% of its beans are now ‘responsibly sourced’* from farms vetted...
Chocolate supplier Barry Callebaut has signed a long-term agreement with Colombian food ingredient supplier Levapan to expand its distribution to key parts of Latin America.
Minor Figures is gaining steam in the competitive oat milk category backed by a recent minority investment from Danone Manifesto Ventures and Hong Kong-based Green Monday Group as it executes on its specialized business model centered on the coffee community.
With protein content claims in the spotlight after Beyond Meat was hit with two lawsuits filed in the space of one week alleging it overstates the protein in its plant-based burgers and other products, FoodNavigator-USA caught up with labeling experts...
General Mills and Ecosystem Services Market Consortium (ESMC) are working together on a multi-year plan to scale and expand a program, called Eco-Harvest, which rewards farmers for beneficial outcomes of regenerative agricultural practices.
AAK Foodservice has acquired ForA:Butter, a plant-based butter using aquafaba – the viscous liquid left over from cooking chickpeas – as an emulsifier to create what it claims is “the only plant-based butter with the performance skilled bakers expect."
JM Smucker’s optimistic outlook for fiscal 2023 despite ongoing headwinds related to inflation, supply chain challenges, uncertainty about consumer spending and impact from its Jif peanut butter recall is notable as it is one of the first CPG companies...
US adults are advised to consume no more than 2,300mg of salt per day (the equivalent of 1 teaspoon), according to 2020-2025 Dietary Guidelines, an amount that is easy to surpass thanks to the high levels of sodium in many processed and packaged food,...
After three years of helping Kraft Heinz claw its way up “from the bottom,” where it crashed after previous management prioritized inorganic growth and cost-cutting measures, CEO Miguel Patricio wants credit given where it is due.
Consumers are taking a more mindful approach when it comes to chocolate consumption by balancing their cravings for indulgence with a growing interest in various better-for-you attributes whether it be health related or environmental, says global chocolate...
Even as General Mills adopts an ‘always on’ approach to mergers & acquisitions, it remains dedicated to driving organic growth through innovation by deploying elite tiger teams to identify consumer problems and then develop and test solutions-oriented...
Beyond Meat has been hit with two lawsuits this week alleging it “grossly overstates” the protein in its products: one consumer class action complaint, and another from former co-packer Don Lee Farms, which has been embroiled in an ugly legal dispute*...
What is driving consumers to eat plant-based meat and dairy alternatives? According to Euromonitor International's 2022 Voice of the Industry survey, a desire to feel healthier and avoid long-term health risks are ahead of environmental and animal...
Oat bar company Bobo's is continuing its growth streak, predicting 45% growth for the full year 2022 vs. 2021 even as challenging supply chain conditions linger, says CEO TJ McIntyre.
While many retailers are raising prices on grocery items, German discount retailer Lidl is reducing the cost on over 100 items in all of its US-based stores for the summer months.
Food companies are increasingly opting for insetting over offsetting their carbon emissions, it's been claimed, as the voluntary carbon offset market continues to look to improve its credibility.
More Americans are worried about the planet’s health and understand that their dietary choices impact the environment, yet few are willing to pay significantly more for eco-friendly products – potentially squeezing companies undertaking expensive sustainability...
The FDA has denied a request to exempt rare sugar tagatose from the total and added sugars declaration on the Nutrition Facts panel, three years after granting the same request for rare sugar allulose, a decision petitioner Bonumose has slammed as “contradictory...
Fresh off of a $10.5m funding round, Tomorrow Farms is debuting is first product and brand -- Bored Cow -- which uses Perfect Day's animal-free whey protein to recreate a cow-free version of flavored milk, giving consumers the nutrition and functionality...
With the global food system under significant pressure to keep up with the world's growing population, The Kellogg Company's SVP of global R&D and innovation Dr. Nigel Hughes presents how international food and beverage companies can take...
GOOD Meat - a division of Eat Just, Inc. currently developing and producing cultivated chicken - has entered into a joint development agreement with global nutrition company ADM to accelerate the production of cultivated meat while driving overall costs...
Walmart’s already low appetite for price increases across food and beverage may be further dampening as more consumers switch to private label and smaller packs to keep expenses down – a signal to the retailer that it is not doing enough to deliver on...
The Real Good Food Company, which makes lower carb, higher protein, gluten- and grain-free versions of frozen comfort foods, has exceeded growth expectations and raised its guidance for the full year.
Being an entrepreneur can feel desperately lonely – especially in the early days when budgets are tight, days are long and challenges crop up constantly – but as romantic as the idea of buckling down and becoming ‘self-made’ may be, few founders actually...
Rising food prices slowed slightly in April over the prior month, according to the Bureau of Labor Statistics April Consumer Price Index released today, but they continue to climb at a brisk pace that is significantly faster than all items, allowing them...
Brazilian plant-based meat firm Future Farm is steadily making inroads into the crowded plant-based meat category in the US, where CEO Alexandre Ruberti still sees runway for growth.
While many consumers report struggling with product shortages and delays in online orders along with mounting concerns over inflation, demand for groceries “tends to be relatively inelastic,” according to Morning Consult, which has just surveyed 1,000...
Monster Energy reported a strong increase in net sales for Q1 2022 as it steadily works to stabilize its business against rising supply chain costs, but remains bullish on the market and consumer demand for its energy drinks portfolio.
More consumers are factoring sustainability into their purchase decisions, according to data from NielsenIQ, but effectively and efficiently communicating a product’s environmental impact in less than the 10 seconds most shoppers spend deciding what to...
As a 100+-year-old company of some of the most well-known CPG brands, Mars Inc. sees innovation as the driving force behind the company's next chapter of growth and the key to maintaining consumer relevancy.
FDA came down hard on purveyors of Delta-8 THC and CBD products that were making disease claims on the substances. The Agency also reiterated the reasons it believes Delta-8 is not a suitable ingredient for products marketed as supplements.
Halifax-based Smallfood is targeting the alternative seafood market with a novel marine-based whole food ingredient high in protein “with an amino acid profile similar to beef” and meaningful levels of the coveted long-chain omega-3 fatty acids EPA and...
Dairy innovation that delivers added-value is becoming increasingly important as inflation rises and shoppers look to justify higher prices for products across the board – including for staples, such as dairy, that previously may taken for granted their...
Food & beverage class actions surged in 2021, driven in part by a tsunami of cases over heavy metals in baby food, but judges are wearying of cases that assume consumers have zero common sense, according to a review by law firm Perkins Coie.
Coca-Cola owned ultra-filtered milk brand fairlife has agreed to step up animal welfare oversight at supplier farms as part of a $21m agreement to settle a series of lawsuits filed in the wake of allegations of animal abuse at former ‘flagship’ milk supplier...
Hershey’s higher-than-expected sales and market share gains in the first quarter is a double-edged sword for the confection and snack company – allowing it to raise its full year guidance but simultaneously straining inventory and increasing the company’s...
Kraft Heinz is reimaging its approach to food production and marketing to help offset inflation and increase value for consumers as they begin to consider their budgets and purchase priorities more carefully as prices across categories rise.
Undeterred by a drop in Internet searches in North America for ‘keto’ and ‘ketogenic’ that might suggest declining interest in the high-fat, moderate-protein and ultra-low-carb diet, many packaged food manufacturers appear to be doubling down on the claim...
Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well...
While some plant-based and emerging ‘animal-free’ dairy products have strong sustainability bona fides, most Americans still drink cow’s milk, so trying to give consumers more environmentally-friendly options within a category they are reluctant to give...
A year after cauliflower-fueled startup Outer Aisle Gourmet accused bakery giant Bimbo Bakeries USA of hardball tactics in a David vs Goliath-style lawsuit over ‘sandwich thins,’ the case has been dismissed with prejudice, with the two parties agreeing...
As Earth Day month draws to a close, food and beverage manufacturers are celebrating efforts to reduce food waste, in their factories and in consumers’ homes, through increasingly creative and data-backed initiatives, including Hellmann’s ‘fridge night’...
A new FDA draft guidance on food allergens lays out the factors the Agency will use to evaluate the risk posed by substances beyond the nine major allergens now on or soon to be added to the list.
Undefined and increasingly under fire for allegedly delivering low nutrition but high calories, so-called ultra-processed food could be under the microscope during the next review of the Dietary Guidelines for Americans, slated for publication in 2025.
Entrepreneurs at startups and emerging brands often innovate and build their businesses based on their intuition or anecdotal feedback from loved ones and early adopters, but as they scale so do their need for detailed data and analysis -- not just about...
As the largest natural and organic packaged food company in the US*, General Mills has the scale and resources to drive positive change in the food system through its work in regenerative agriculture, sustainable ingredient sourcing, and nutrition access....