Archives for August 26, 2022

Hain Celestial CEO reflects on difficult fiscal year but points to stronger performance ahead

Hain Celestial had a tough fiscal 2022 year but has a positive outlook on its North American business as supply chain disruptions abate and consumers remain loyal to the natural and organic segment.

Impossible Foods tweaks formulation, slashes saturated fat: ‘The category has done a lousy job of explaining itself,' says CEO

While weakening retail sales and grim quarterly earnings from some publicly listed players have prompted intense debate about the future of meat alternatives, the “crisis of confidence” this has prompted has overshadowed the fact that amid all this...

CBD brand Trip expands its foothold in US, launches gummies with $12m fundraise

After dominating the UK CBD space with help from a highly engaged online fanbase, CBD beverage, oil and gummy brand Trip is hoping to cement a similar position in the US – but this time with the additional aid of $12m in funding from prominent...

News in brief

Bernstein: ‘The alternative meat space is going through a shake-out period’

Having experienced an average +30% YoY growth in 2019 and 2020, the alternative meat category slowed to flat YoY growth in 2021, with industry leaders such as Beyond Meat seeing negative growth in measured channels.