First Bev has acquired a controlling stake in kombucha brand Health-Ade with additional investment from Manna Tree and Vail. Financial terms of the transaction were not disclosed.
BrightFarms has been acquired by Cox Enterprises, accelerating the hydroponic indoor farming company's mission of bringing leafy greens to more households throughout the US.
Grocery retailers and packaged food and beverage brands should brace for another significant shift in consumer shopping habits this month as many families with students returning to in-person school after a year or more of distance or hybrid learning...
Oatly’s fill rates – currently at around 70% on a global basis and lower than that in the US – should increase significantly over the next couple of quarters as new capacity comes online, says the oatmilk maker, which claims gross margins will also improve...
Join Noblegen, Plantible Foods, Superbrewed Food, Mattson and Lever VC to discuss the future of protein
Plant-based proteins such as soy and pea continue to dominate the so-called ‘alternative protein’ category, but they’re not the only game in town. New options are now emerging from ‘animal-free’ collagen and whey to a novel set of proteins produced naturally...
Growing plant-based frozen food brand Tattooed Chef is “firing on all cylinders,” said president and CEO Sam Galletti, as the company exceeds its distribution goal of 10,000 stores and surpasses $50m in revenue in Q2.
While following a climatarian diet that prioritizes foods and beverages made in a way that protects and restores the planet’s health may still be niche, the trend is gaining traction quickly with some researchers and brands predicting environmental sustainability...
Closing out the first half of 2021, HelloFresh reported a year-over-year 83.7% increase in the number of active customers using the meal delivery service worldwide, as well as the continued global expansion of its business in new and existing markets.
Strong Roots is experiencing and witnessing a fundamental consumer shift towards frozen food that has reshaped the way many households eat, claims founder and CEO Sam Dennigan.
Danone is hoping to make a splash in the small but rapidly growing plant-based yogurt segment with a Greek-style product under its Silk brand boasting 10g of protein from peas and a thick, creamy texture from coconut cream it claims will be a game changer...
Post Holdings is experiencing a reversal of growth trends across its business, in which its foodservice unit is driving most of the recent sales momentum, compared to one year ago when its retail business was experiencing unprecedented growth.
The premium ice cream business can be pretty brutal – just ask Three Twins, Clemmy’s and Ample Hills – with regional brands now slugging it out with multinationals and a flurry of VC-backed startups in a market offering a bewildering array of options...
Roughly a month after appointing former Facebook executive, Fidji Simo as CEO of the company, Instacart has hired another tech veteran to join its leadership team.
Lifeway Foods, best known for its kefir products, announced the intent to acquire certain assets of California-based GlenOaks Farms for $5.8m this week, expanding the company's position in the drinkable dairy space, says CEO Julie Smolyansky.
Beyond Meat is predicting a drop in revenues in the third quarter ($120-140m) vs the second quarter ($149.4m) reflecting some recent distribution losses in foodservice, labor issues at some partners, and uncertainty as the Delta variant of COVID-19 spreads....
It's hard to imagine what began as a family pancake recipe, which co-founder Joel Clark would sell to neighbors in brown paper bags from a little red wagon as an 8-year-old, would become a $200m business selling a growing portfolio of better-for-you...
UK-based startup The Supplant Company is targeting the US market with an intriguing new addition to the sugar-reduction toolbox in the form of ‘sugars from fiber,’ a new low-glycemic blend of sugars extracted from upcycled feedstocks that performs like...
Closing out the first half of 2021 and using pre-pandemic 2019 as a measuring stick for its growth, Kraft Heinz CEO Miguel Patricio says it has made fundamental progress in its transformation agenda.
Beyond Meat has expanded its partnership with A&W Canada, making its plant-based chicken nuggets available at all the quick-service restaurant chain's locations throughout Canada.
As the Delta variant of the coronavirus sweeps across the US, Tyson Foods said Tuesday that it would require its 120,000 US workers to be vaccinated against COVID-19 by November – making it the first major meat packer and largest food company so far to...
The a2 Milk Company – maker of ‘tummy-friendly’ milk containing only A2 beta-casein protein - is continuing to generate double-digit growth in the US market while overall US retail sales of dairy milk continue to decline, says the company, which is planning...
Meal kit company Blue Apron has lost some of its steam in customer retention, losing 21,000 customers in Q2 2021 compared to the same period last year, but says other key performance metrics including average order value and average revenue per customer...
PepsiCo’s sale of a majority stake of its North American juice portfolio to private equity firm PAI announced this morning is the latest in a string of high-profile beverage sales that reflect shifting industry and consumer priorities, including pressure...
As difficult as navigating shifting consumer demand and strained supply chains was immediately following the coronavirus outbreak in early 2020, the hardest part may still be ahead for the food and beverage industry as the uneven recovery and ongoing,...
Continuing to benefit from elevated at-home consumption of its core chocolate brands and growing snacks business, The Hershey Company reported $1.99bn net sales for Q2 2021 (12 weeks ending July 4, 2021) an increase of 16.5% compared to Q2 2020.
Online product delivery platform Gopuff, which delivers thousands of household products from snacks to alcohol from its hundreds of micro-fulfillment centers, has secured $1bn in new funding, raising the company's evaluation to $15bn.
For many women, eating and cooking at home every day during the pandemic has been a double-edged sword that offered them more time with family and control over their diet, but also added a burden that left many women feeling unsatisfied – opening the...
From San Diego-based Debut Biotech, which is developing a range of high-value ingredients via a novel ‘cell-free’ biomanufacturing platform, to Virginia-based Bonumose, which has patented technology it claims could enable the “mass market adoption” of...
Planterra Foods, the plant-based division of meat giant JBS - which debuted in the refrigerated aisle last summer under the OZO brand – has moved into the frozen aisle, expanded its relationship with Boulder-based fungi tech co MycoTechnology, and is...
Once a brand focused solely on meat snacks, The New Primal has extended into a number of adjacent categories in the past three years including sauces and marinades, condiments, salad dressings, and dry seasonings, making it a bonafide platform brand,...
Albertsons is willing to entertain a second round of price increases “where warranted and legitimate” as several CPG brands continue to struggle with mounting inflationary pressures that have exceeded their expectations and outstripped any cushion introduced...
A vast majority (95%) of consumers surveyed report that their whole grains consumption has either increased or held steady compared to five years ago despite increasing popularity of low- and no-carb diets, finds the Oldways Whole Grains Council.
Mondelez International raised its full-year organic revenue guidance to 4% from 3% on Tuesday after net revenues climbed 12.4% to $6.64bn in the second quarter thanks in part to increased mobility buoying categories hit hard by the pandemic and ongoing...
Redefine Meat, which makes plant-based meat alternatives using 3D printing and is preparing to launch in Europe after announcing a $29m fundraise at the start of the year, says the ‘huge strides’ achieved in its technology have allowed it to launch five...
Fresh off of closing its $18m Series D funding round, California-based Urban Remedy will use the funds to ramp up marketing, innovation, technology, and new team hires to reach more consumers with its ultra-fresh, nutrient-dense meals, bars, and juices....
Meal kit company HelloFresh is one step closer to becoming a one-stop-shop with the launch of its online store, HelloFresh Market, offering consumers everyday food essentials from snacks to spice blends.
A brand described as “only slightly more appealing than an IV bag” by one uncharitable observer when it first gained a cult following among Silicon Valley programmers as a powdered meal replacement, Soylent has steadily evolved its format, product line...
US retail sales of packaged tea have been sluggish in recent years, with Nielsen data* showing a flat market until 2020, when covid prompted a 16.8% surge, before everything slowed back down again. Celestial Seasonings, however, has maintained double-digit...
If you look at the ingredients lists of most plant-based burgers, they’re not wildly different – a combination of extruded plant proteins, hard and liquid fats, natural flavors, yeast, methylcellulose, starch, seasonings and perhaps added vitamins and...
Agtech company AppHarvest has secured a $91m financing arrangement with sustainably-focused investment firm Equilibrium Capital to fuel the future construction of 12 high-tech indoor farms by 2025.
While the alternative protein category is far from saturated and there is plenty of runway for innovation, investors predict a shaking out of players is on the horizon, and they say the companies that remain in the game will be those that move beyond...
Consumers who turned to functional foods and beverages to help reduce anxiety, improve their sleep and lift their spirits during lockdowns are likely to continue their new habits and rituals as they navigate an uncertain return to offices, travel and...
Santiago-based food tech company NotCo has raised $235m in a Series D round led by Tiger Global and supported by DFJ Growth Fund, ZOMA Lab, athletes Lewis Hamilton and Roger Federer, and musician and DJ Questlove, taking its cumulative funding to $350m...
As many food and beverage companies face the pressure of increased costs to manufacture and transport their products, consumers have also reported feeling the impact inflation is having on their grocery bills.
Kentucky-based, tech-powered indoor farming company, AppHarvest, is bringing in tech industry veteran Mark Keller as SVP of its software applications platform.
Sourdough bread and stretchy pants may have been all the rage during the early days of the pandemic, but as vaccines become more prevalent and US consumers begin to reemerge from lockdowns, they increasing are turning to keto-bread and other low-carb...
Should the food industry always yield to consumer demands, especially when those demands can be conflicting and at odds with other values, such as sustainability and environmental impact?
The emotional and physical toll taken by the pandemic has reshaped Americans’ palates – pushing them to try more adventurous flavor profiles, including more floral and earthy botanicals that were once niche in the US, embrace yuzu and step-up their heat...
While a recent probe into Oatly’s accounting practices and a flood of tech money going into food has raised questions about valuations in the space, zero-sugar soda brand Zevia has a solid track record of growth, a clear consumer proposition (great taste,...
