The agriculture supply chain is long overdue for an overhaul, as illustrated by breakdowns early in the pandemic, the rising threat of climate change, and increasing pressure to feed a growing population, but the question of who will foot the bill remains...
Vertical indoor farming company Kalera has acquired Vindara Inc., a company developing non-GMO seeds specifically designed for use in vertical indoor farm environments.
Wild Tonic Jun Kombucha (fermented from honey and green tea instead of traditional cane sugar and black tea) is banking on several growth trends in the kombucha category this year including its refreshed slim cans and expanding line of hard kombucha.
Most startups have more questions than funding, which means when they come across something they don’t know they lose time, resources and occasionally their businesses finding the answer the hard way – but a new program from the food brand builders at...
Pacific Northwest hydroponic vertical farming startup Forward Greens is deploying what CEO and founder Ken Kaneko believes is an easy to replicate, scalable, and financially sustainable business model for the booming indoor vertical farming industry....
Less than a year after taking the helm at Clif Bar & Co., new CEO Sally Grimes is spearheading the company’s first transformation in 30 years with an ambitious goal to double its business to $2 billion and double its positive impact on the world....
Food allergy advocacy group, FARE (Food Allergy Research & Education), has launched an action plan to broaden treatment, care, and education about food allergies, addressing systemic inequities when it comes to accessing these resources.
Upcycled foods and beverages made from ingredients traditionally not consumed by people are gaining popularity with consumers seeking more sustainable diets – creating a fast-growing market opportunity estimated to be worth more than $46 billion, which...
The ice cream aisle used to be a lot less complicated. There were national brands, regional brands, a couple of super-premium players, and a smattering of dairy-free. Today, shoppers are presented with a bewildering array of options from lactose-free,...
Walmart generated a record $152.1bn in sales, an increase of $10.4bn or +7.3%, in Q4 (13 weeks ended Jan. 29, 2021). Looking towards FY22, the retailer said it will be investing heavily in its “next generation business model” to fuel further growth.
Givaudan’s flavour business, Givaudan Taste & Wellness, is launching a new tool that leverages artificial intelligence for the ‘next generation’ of product development. “Success comes from combining the output of the tools with the sensitivity and...
Founders of Harmless Harvest, Justin Guilbert and Douglas Riboud, are aiming to take the success and consumer demand they built for sustainable and ethically-produced coconut water, and apply it to the salty snacks category with a brand of upcycled, crispy...
The great SKU rationalization last Spring caused by pandemic-related supply chain constraints and consumer stockpiling not only forced CPG companies to pause production temporarily of some products, but it prompted many to reevaluate their product mix...
Boston-based startup Slate Milk – which gives adults permission to keep drinking chocolate milk by dialing down the sugar, increasing the protein and packaging it as a functional beverage in shelf-stable cans - has raised $1.7m in a seed round (taking...
Hydroponic lettuce grower Little Leaf Farms has raised $90m in a recent funding round led by Equilibrium Capital to fully fund its East Coast expansion and build out new greenhouse sites in the region.
At the Consumer Analyst Group of New York 2021 conference yesterday, General Mills unveiled a four-prong strategy to “accelerate” its net organic sales growth 2-3%, expand mid-single-digit margins and deliver mid- to high-single-digit constant currency...
The functional beverage consumer and their purchase motivations are just as diverse as the functional beverage category itself, which encompasses everything from sports drinks and energy drinks to ionized/alkaline water and nutrient-infused coffee, says...
Nature’s Fynd - a Chicago-based startup growing protein from a micro-organism with origins in the geothermal springs of Yellowstone National Park – is giving consumers a first taste of the novel ingredient via dairy-free cream cheese and meatless breakfast...
Rule Breaker Snacks, an allergy-friendly snack brand featuring chickpeas as its star ingredient, has secured a minority investment from Bimbo Ventures, the venture capital arm of global baking company Grupo Bimbo.
Plant-based milk is growing at an impressive clip, although not every subsegment is gaining momentum and not every new entrant has struck CPG gold. Barleymilk, however, has the potential to be a major player, and is every bit as exciting as current category...
While the nut butter category has evolved dramatically in recent years - with JIF and Skippy now competing with everything from almond and cashew butters to sunflower seed, mushroom, and chickpea butters - the jams and jellies category doesn’t look wildly...
Whether or not you believe in climate change or the food industry’s contribution to the greenhouse gasses wrapping the earth and changing weather patterns, plenty of consumers do, and they increasingly are buying products based on their environmental...
Ingredion and Grupo Arcor -- a leading confectionery exporter in South America -- have signed a joint venture agreement to broaden food and beverage ingredient offerings in Argentina, Chile, and Uruguay.
While there are plenty of beverages targeting young children, with recent launches from Kraft Heinz (Creative Roots) and Nestlé (Fruity Water) offering low or no-sugar options, there is a gap in the market for teens, claims PepsiCo, which says new launch...
Kellogg Co missed analysts' sales forecast for its fourth quarter of 2020, during which it faced pandemic-related headwinds, including unexpected supply constraints of multiple marque brands and the continued slowdown of at-home purchases as some...
PepsiCo expands its footprint in the burgeoning functional beverage category with today’s launch of bubly bounce – the first RTD extension of the company’s popular and playful sparkling water line that adds “just a subtle kick of caffeine” to help consumers...
As coronavirus continues to thwart businesses' best-laid plans, New Hope has decided to take Expo West – its annual trade show in Anaheim, California – virtual this spring, in the wake of “government restrictions, anticipated timelines around re-opening...
Kraft Heinz has ended 2020 on a high note reporting a 6.2% increase in organic net sales and a 27% lift in household penetration in Q4, driven by significant gains in Ketchup, Lunchables, and Ore-Ida.
Plant-based based ingredient supplier PURIS Holdings and LIVEKINDLY Collective have entered two joint ventures to create a path towards affordable and accessible plant-based food products.
San Jose-based Knowde – a b2b online marketplace for chemicals, ingredients and polymers - is moving into the food and nutrition industry, enabling R&D and procurement professionals to research and compare products, connect with suppliers, request...
Mondelēz SnackFutures – the company's innovation and venture hub – has launched CoLab, a "startup engagement" program, targeting snack brands in the wellness space as the global snacking giant digs deeper into the startup community.
Investors appear skeptical of Unilever’s ambitious five-prong plan to drive sales growth of 3-5% in the coming years after it saw only a 1.9% increase in sales in 2020 and a 5.8% decline in underlying profits in a year when many CPG companies saw significantly...
Cerebelly has received The Clean Label Project Purity Award -- which independently test products for over 400 contaminants including heavy metals, chemicals, plastics, pesticides, and other toxins -- for its full line of shelf-stable pureed baby food...
In an effort to safeguard frontline food industry workers, Kroger is providing a one-time $100 payment to all store associates who receive the manufacturer-recommended doses of the COVID-19 vaccine.
Even though the coronavirus vaccine is slowly, albeit a bit unsteadily, rolling out, a recently published survey of dietitians predicts Americans in 2021 will continue to seek protection from COVID-19 and its rapidly spreading variants from food and beverages...
Stressed by COVID-19 and its financial and emotional ripple effects, consumers have turned to functional food as a stress-reducing and health-boosting tool to get through the pandemic, recent consumer insights from market research firm Brightfield Group...
‘Animal-free dairy’ ice cream brand Brave Robot – which launched in July 2020 - will be in 5,000 stores across the US by Earth Day 2021 (April 22), says brand owner The Urgent Company.
Tovala – a meal service paired with a multi-function smart oven – has closed a $30m in Series C funding led by New York-based investment group, Left Lane Capital, bringing the company’s funding total to over $50m.
Right now, you can extract collagen proteins from animal skin, bones, and connective tissue, or you can produce them via microbial fermentation, without slaughtering animals (engineering bacteria to produce the target proteins). But there’s also a third...
New York City-based vertical farming company, Bowery Farming, has appointed former Google Internet of Things (IoT) VP and general manager, Injong Rhee, as its new chief technology officer (CTO) responsible for accelerating the integration of proprietary...
Moku, an emerging mushroom jerky brand, is laying down the foundation to build a highly-scalable, clean label meat alternative platform under a strategic partnership with Siddhi Capital, say co-founders Matt Feldman and Melissa Facchina.
Addressing its natural gas use and fleet emissions, Talking Rain (maker of Sparkling ICE) is funding over 28,000 metric tons of carbon reduction offsets through taking on ownership of three land projects in need of environmental clean up. But what significance...
Geltor – which has developed a computational biology platform to create a range of ‘designer’ functional proteins via microbial fermentation - is gearing up for the commercial launch of the world’s first ingestible ‘animal-free’ vegan collagen for the...
Hot on the heels of price cuts to foodservice distributors, Impossible Foods is cutting prices to US grocery stores and supermarkets, taking suggested retail prices for two patty packs down 20% to $5.49, and 12oz bricks down to $6.99.
Even through 2020 brought large CPG food and beverage companies record sales growth – often in the high double digits – over 2019 as consumers flocked to well-established, trusted brands, IRI research found smaller and extra-small consumer brands and...
