NEWS IN BRIEF
Aqua Cultured Foods begins buildout on fungi-based alt seafood factory
The maker of mycoprotein-based seafood alternatives has begun buildout of a new facility in the US, from where it will produce products for the European market.
Archives for January 17, 2023
‘The first dairy company to get serious’: Danone’s ambitious plan to ‘turn the tide on global heating’
Global food giants are being urged to follow suit after Danone was applauded for announcing it is the first food company to set a methane reduction target and align with the ambition of the Global Methane Pledge launched at COP26.
‘Plants don’t get the flu…’ Plant-based eggs in the spotlight as egg prices surge
While egg prices were up a staggering 59.9%* year-on-year in December 2022 thanks to rising costs compounded by avian flu, refrigerated liquid plant-based alternatives have come down in price, with unit sales (+14.2%) outpacing dollar sales (+8.4% to...
Vital Farms CEO shares how brand is navigating market obstacles at ICR Conference
The egg industry is facing many challenges, from supply chain disruptions to higher inflation in comparison to other food categories. While many egg brands are struggling to keep up with these market pressures, the pastured-raised egg company Vital Farms...
'High inflation, supply chain challenges and fluctuating restaurant engagement' boost food & beverage retail sales in 2022: IRI data
Dollar sales of foods and beverages in IRI-measured multi-outlet stores in the US rose 8.7% to $753bn in 2022 vs 2021, driven by double-digit inflation, while unit sales dropped -3.3%, although units are still above pre-pandemic levels, according to IRI...
House Oversight chair to FDA: Enough is enough
FDA’s failure to act on CBD created a space for bad actors and poor products to thrive, now the chairman—and the industry—want answers.
Unilever outlines 3-prong plan to capture market share in growing ice cream segment
Over the next three years, Unilever plans to expand its lead in ice cream sales by offering more premium products, expanding in emerging markets and leveraging digitization to boost sales online and out of home, a top executive recently revealed.