Simply Good Foods, parent company to Quest Nutrition and Atkins brands, registered solid net sales growth in Q3 2022 as snacking behaviors stabilized and consumers adjusted to the company's new pricing actions.
As Geoff Freeman prepares to step down from his role as president and CEO of the Consumer Brands Association next month to pursue a new opportunity, he offers the CPG industry the same advice that he gave when he joined the trade group four years ago:...
Two years after launching at the height of the pandemic, Mavericks Cookies has established a strong foothold in the under-served better-for-you kids snacking category with new distribution at 1,250 Target stores and a streamlined portfolio focused exclusively...
While General Mills was able to roll with the punches, including spiking inflation and supply chain challenges, over the past year to deliver better than expected financial results in fiscal 2022, some wonder if the CPG giant, and its competitors, will...
Dragged down by higher-than-expected cost inflation, supply chain challenges and unanticipated, stringent COVID-related restrictions in China, McCormick missed its sales and earnings targets in its second quarter – forcing the spice maker to slash its...
The International Dairy Foods Association has released its ‘most comprehensive’ US ice cream trends data to date, asking ice cream makers and retailers – as well as consumers – about what their favourite ice cream flavors are.
Consumers have heightened interest in flavor twists and combinations (e.g. salty & sweet, tangy & spicy) and are less driven by brand recognition and familiarity when it comes to their snacking purchases, finds Frito-Lay North America in its recent...
Conagra Brands has opened a new 245,000-square-foot 'state-of-the-art' vegetable and rice processing facility to support its growing frozen foods business and national Birds Eye brand.
As rising gas and food prices cause US consumers’ confidence and short-term outlook for the economy to plunge, some are shifting their spending habits and the blame from the pandemic to ongoing supply chain costs, constraints and related government policies,...
Raleigh-based startup Jellatech has hit a key milestone with the development of a full length, triple helical and functional native collagen (type 1) produced by its proprietary cell lines, which will initially be targeted at the biopharma and biomedical...
While the pandemic accelerated the adoption of food e-commerce, brick and mortar shopping will always have an edge over online grocery for most consumers, reports Dunnhumby.
Atomo Coffee – a Seattle-based startup promising to deliver a more sustainable cup of morning joe (minus the coffee beans) – has raised $40m in a series A round as it launches ready-to-drink ‘beanless’ cold brew coffee direct to consumer, ahead of a retail...
By leveraging packaging innovations that increase fun and flavor while decreasing mess and monotony, startups at the Summer Fancy Food Show in New York this month are waking up sleepy categories, expanding their segments’ traditional user bases and standing...
Blue Stripes has recently unleashed a broad line of cacao-based products made from underutilized and wasted parts of the cacao fruit to Whole Foods stores nationwide and will be launching its star product -- cacao water -- next month, which founder Oded...
To offset the threat of commoditization and keep consumers from trading down or stepping away from the dairy case to save money as the economy tightens, specialty cheesemakers are moving beyond traditional formats, flavors and packaging that may be intimidating...
Plant-based ingredient supplier Roquette is launching two new gluten-free rice proteins to tap into new market opportunities in the areas of special diet foods, sports nutrition, and snacks.
With a recent $300m capital injection, indoor farming company Little Leaf Farms is emerging as a front-runner of the US CEA (controlled environment agriculture)-grown leafy greens retail market with profitable unit economics and doubled production capacity,...
Nude Mints wants to modernize the mints category, which co-founder Sean Davis believes is outdated and lacking innovation, by launching breath mints using a new multi-layer capsule technology that promises a deeper and extended breath freshening experience...
From new takes on ranch to elevated ketchup and mustard products, Whole Foods Market's Trends Council revealed which condiments will be appearing on more picnic and barbecue plates this summer.
Chobani has crossed into the metaverse through the online gaming platform Roblox where it's targeting a new generation of consumers with its oatmilk portfolio helping to transition its identity from a yogurt brand to broader food company, says Chobani...
While some industry players are reining in spending to build-up reserves in case of a recession, General Mills is taking the opposite tack – choosing to double down on investments and explore acquisitions that could help it stay ahead of the competition...
Zero-sugar stevia-sweetened soda brand Zevia has appointed its current president of the company, Amy Taylor, as its new CEO succeeding Paddy Spence who will remain as chair of the company's board of directors, effective August 1, 2022.
Kroger is seeing inflation heavily impact the way consumers are shopping at its stores, with many choosing more store brands and selecting fewer premium products (eg. switching from beef to pork), says CEO Rodney McMullen.
US retail sales of frozen meat alternatives were up a solid +10.1% to $76m in May 2022 vs May 2021, with volumes fairly flat at -0.8%; but sales of refrigerated meat alternatives continued their precipitous slide last month, with dollar sales slumping...
New Census data showing consumer spending on food slowing in recent months as inflation and the threat of a recession rise suggests retailers and brands need to rethink their inventory and promotional strategies to attract and maintain shoppers, analysts...
Moolec Science – which has developed a ‘molecular farming’ platform to produce plants that express animal proteins – is going public via a special purpose acquisition company (SPAC)* in a deal expected to close later this year.
Mondelēz International has generated consistent growth across its portfolio of biscuits, chocolate, cakes, and pastries, and will keep its focus on these categories as the company navigates current economic volatility, says Mondelēz International CEO...
‘Animal-free dairy’ startups have hit back at what they claim are attempts by the Non GMO Project and others to discredit the emerging technology by mischaracterizing it as dangerous, unregulated and bad for the environment.
NFL free agent player and ESPN broadcaster Tim Tebow is joining the ranks of low-sugar, plant-based nutrition bar company NuSkool Snacks, a move founder and CEO Joe Christensen believes will help the brand secure new accounts and distribution.
Total online grocery sales dropped on a monthly basis to $7.1bn in May 2022 (down from $8.1bn in April 2022), but are still slightly above (+1.7%) the same period last year, according to the latest Brick Meets Click/Mercatus Grocery Shopping Survey, which...
Low-carb, high-protein cereal brand Magic Spoon has closed an $85m Series B fundraise led by private investment firm HighPost Capital and will also be making its exclusive retail debut at Target stores nationwide.
Minnesota-based startup Apparo – which developed technology now being deployed by AB InBev on a commercial scale to extract highly functional barley protein from brewer’s spent grains – has turned its attention to another upcycled protein it reckons could...
Beverages dominate IRI’s 2021 New Product Pacesetters report, accounting for a record eight out of the top 10 new products by dollar sales and 46 out of the top 100 new products.
Minor Figures is gaining steam in the competitive oat milk category backed by a recent minority investment from Danone Manifesto Ventures and Hong Kong-based Green Monday Group as it executes on its specialized business model centered on the coffee community.
Even as fear of contracting COVID-19 ebbs and consumers feel more comfortable visiting stores, the percentage who order groceries online regularly continues to climb as they seek convenience, and ways to manage their budgets as prices continue to rise,...
When co-founders Philip Teverow and Pierre Thiam first launched Yolélé Foods and its flagship product fonio, a West African ancient grain, the lack of consumer awareness was the brand's biggest challenge. Now roughly four years later, the brand is...
General Mills and Ecosystem Services Market Consortium (ESMC) are working together on a multi-year plan to scale and expand a program, called Eco-Harvest, which rewards farmers for beneficial outcomes of regenerative agricultural practices.
JM Smucker’s optimistic outlook for fiscal 2023 despite ongoing headwinds related to inflation, supply chain challenges, uncertainty about consumer spending and impact from its Jif peanut butter recall is notable as it is one of the first CPG companies...
US adults are advised to consume no more than 2,300mg of salt per day (the equivalent of 1 teaspoon), according to 2020-2025 Dietary Guidelines, an amount that is easy to surpass thanks to the high levels of sodium in many processed and packaged food,...
Israeli food tech startup SuperMeat has received grant funding to establish an open high-throughput screening system for optimizing cultivated meat production, helping the company reach commercial viability of its cultivated chicken products.
Consumers are taking a more mindful approach when it comes to chocolate consumption by balancing their cravings for indulgence with a growing interest in various better-for-you attributes whether it be health related or environmental, says global chocolate...
Soylent is projecting sales of $100m this year on a run rate basis driven by solid double-digit growth and margins holding steady, ensuring it remains cash-flow positive without having to raise prices, despite the challenging inflationary environment,...
Where the food and beverage industry was once flush with funding from venture capitalists drawn to fast-growing businesses and from strategics eager to pay high multiples for innovative start-ups, money is now harder to come by as inflation, supply chain...
Cases of the highly contagious avian flu in the US appear to be declining with the warmer weather, but only after taking the lives of nearly 40 million birds, including many from Hormel’s turkey flock – leading to “large supply gaps in the Jennie-O Turkey...
What is driving consumers to eat plant-based meat and dairy alternatives? According to Euromonitor International's 2022 Voice of the Industry survey, a desire to feel healthier and avoid long-term health risks are ahead of environmental and animal...
From the latest animal-free 'milk' launch fueled by Perfect Day's whey protein (made without cows), to plant-based bacon, fungi-based steaks and no-sugar-added gummies, checkout FoodNavigator-USA's latest roundup of new product launches.
Announcing the investment of hundreds of millions of dollars across the supply chain, the US Department of Agriculture says it hopes to rebalance the food system’s historic focus on efficiency with much-needed resiliency so that the country is better...
While most Americans are not short of protein, 90%+ of women and 97% of men fail to meet recommended* intakes of fiber. However, growing awareness of the relationship between fiber, the gut, and immunity, coupled with a wave of keto product formulations,...
Oat bar company Bobo's is continuing its growth streak, predicting 45% growth for the full year 2022 vs. 2021 even as challenging supply chain conditions linger, says CEO TJ McIntyre.