News & Analysis on Food & Beverage Development & Technology
As US consumers continue to explore global flavors and become more familiar with international cuisine, a few regional favorites are rising to the top – including many from Africa.
US poultry processor Pilgrim’s Pride has seen net sales in the third quarter of the year dip 3.2% due to weak market pricing.
noosa yoghurt has merged with Sovos Brands, a food and beverage company formed in 2017 with a growing portfolio of premium CPG brands that plans to extend the noosa brand into categories beyond spoonable yogurt.
News in brief
California-based Flavor Producers, LLC has acquired New York-based Flavormatic Industries, Inc. in a deal that will enable it to access new markets including coffee.
The amount of time Americans spend sitting down and eating a meal has shrunk over the past 10 years, while purchases of prepared food options from grocery stores and food service (carry-out, delivery, or fast food) have risen, according to the Economic...
Organic wellness shot brand Vive Organic has raised $7m in a Series A round led by Powerplant Ventures and supported by Blueberry Ventures along with individual investors including KeVita cofounder Bill Moses and Koia CEO Chris Hunter.
Market trends
Mintel has estimated the total US chocolate confectionery sales will have grown 15% since 2012 to reach $18.5bn in 2018, with trends like bite size, functional ingredients and premium driving the overall category growth.