Market data provider IRI has appointed Kirk Perry, former Google president of global client & agency solutions, as its new president and CEO effective May 17, 2021.
Valued at $6.8bn in the US alone (according to Research&Markets), the market for hydroponically-grown produce is no longer niche and poised for strong growth over the next several years, predicts BrightFarms, a company growing a variety of leafy greens...
Oatmilk has taken off like a rocket ship over the past couple of years. However, US retail sales of almondmilk - which accounts for two thirds of category sales – grew a solid 16.9%* last year in measured channels, with market leader Almond Breeze posting...
A new early-stage venture capital fund sees significant upside for financing food and beverage startups that may be too small for many other VC investors, but which in a few years could help meet “pent up demand” for innovation from large CPG players...
MeliBio, the Berkeley-based startup claiming to make real honey without bees, has closed $850,000 in pre-seed funding as it gears up for a soft launch supplying food service companies with its vegan honey as a branded ingredient later this year.
No longer seen as the budget option by consumers, private label brands are continuing to differentiate themselves from national brands in quality and innovation, according to private label market research firm Daymon.
US retail sales of plant-based milk surged 21.9% to $2.542bn in measured channels in the year to Jan. 24, 2021, while sales of plant-based cheese and yogurt (far smaller categories) were up 43.6% to $233.9m and 16.4% to $346.2m respectively in the year...
The state of Colorado aims to remain a leader in the hemp industry, Gov. Jared Polis said at an industry event last week. He announced the release of a detailed state plan for the industry at the meeting, which includes scientific support, data sharing,...
Sales and the amount of meat consumed at retail in the US increased double digits in 2020 over the prior year while household penetration held steady at 98.4%, despite an increase in flexitarians and a drop in meat-eaters, according to recently released...
When the founders of startup Holy Cow discovered thousands of cow hides are thrown away daily due to rising demand for beef during the pandemic and a simultaneous sharp decline in leather production, they saw an opportunity to create a new revenue source...
The CBD/hemp markets, both in finished goods and on the supply side, are in a state of transition, attendees at an industry event learned on Friday. The message was that some growers and some finished product marketers are likely to fall by the wayside...
Indoor vertical farming company, AeroFarms, has entered an agreement to merge with Spring Valley Acquisition Corp to become a publicly traded company on the NASDAQ in a transaction that's expected to close in the second quarter.
Yet another new player has emerged in the burgeoning alternative protein space, this time touting a novel Non GMO complete protein sourced from a single-celled marine microorganism, which it claims can give animal and plant proteins a run for their money.
On track to becoming one of the largest plant-based food companies in the world, LIVEKINDLY Collective has closed additional funding to scale its company into targeted key regions including the US and China.
The coronavirus outbreak fundamentally changed how food and beverage brands are connecting with consumers – from abruptly halting live sampling and in-store promotions to altering the types of messaging consumers want to hear.
The Swiss flavours and fragrances company is launching a digital sensory tool to help crowdsource preference for ‘flavour first’ products, whereby the aroma from flavour helps to drive purchasing decision, Rahul Siva, research investigator, Taste &...
New Jersey-based Innovation Foods is building a $45m, 71,000-square-foot facility dedicated to producing aseptic and extended shelf-life (ESL) beverages for Oatly, which is projected to open in mid-2022.
Approaching one year since buying KRAVE back from Hershey, founder of Sonoma Brands Jon Sebastiani says he and his team have been hard at work to re-establish the brand back to its dominant premium positioning within the meat snacks category while regaining...
The Baby Food Safety Act – just introduced to Congress in the wake of a House Subcommittee report alleging ‘dangerous’ levels of heavy metals in baby foods - sets maximum levels for lead, mercury, cadmium, and inorganic arsenic that are well below internal...
The Campbell Soup Co. is flipping the script on “diversity and inclusion” to focus first on inclusion on the grounds that an inclusive environment will better attract and sustain diversity.
Provisions of the recently signed American Rescue Plan that acknowledge and seek to right systemic racism perpetuated by the US Department of Agriculture and others against generations of Black US farmers will benefit the entire agriculture sector, USDA...
Plant-based energy bar brand Quantum Energy Squares has closed $2.5m in funding to ramp up brand awareness, and has brought on Major League Soccer (MLS) All-Star, US Soccer Male Athlete of the Year, and MLS Cup MVP, Jozy Altidore as an investor.
A new player is on the verge of entering the astaxanthin and other markets with the granting of a patent on a ‘dark fermentation’ process for cultivating Haematococcus pluvialis and other algae species.
The Organic Trade Association is optimistic it could reach a “potential amicable resolution” in its ongoing lawsuit against the US Department of Agriculture for the withdrawal of the widely popular Organic Livestock and Poultry Practices final rule during...
PepsiCo is exploring personalized options with big-hitter Gatorade; while Coca-Cola is backing up-and-coming premium sports drink BodyArmor. How are the two beverage giants navigating the sports drinks category?
With margins under pressure due to rising commodity and transportation costs, General Mills plans to increase prices going forward, but some investment analysts worry the timing will be off with local economies beginning to reopen and increased competitive...
The ABV threshold at which kombucha switches from a non-alcoholic beverage to what is effectively 'beer' for tax purposes is currently set at 0.5%. The KOMBUCHA Act, reintroduced to Congress by Representative Earl Blumenauer (D-OR-3) and Senator...
Marking its largest single fundraise to date, Eat Just Inc. has closed $200m in new funding led by a group of global investors to drive growth and capacity of JUST Egg and GOOD Meat Cultured Chicken.
Two years after acquiring it as part of its $465m deal to buy CytoSport, PepsiCo has embarked on a refresh of plant-based protein brand EVOLVE with new packaging and formulations to help it stand out in a category “experiencing broader acceptance.”
The Botanical Adulterants Prevention Program has confirmed that a small proportion of elderberry products whose test results it reported on were found to be adulterated.
“By 2035, every tenth portion of meat, eggs, and dairy eaten around the globe is very likely to be alternative,” says a new report from Boston Consulting Group and Blue Horizon Corporation predicting alternative proteins could account for 11% ($290bn)...
As part of a “moonshot” to end hunger and eliminate food waste, The Kroger Co.’s Zero Hunger Zero Waste Foundation and seed stage funder Village Capital are offering $2.5 million in collective grants and development programming to 10 innovative startups...
Intelligentsia, a pioneer in the third wave coffee movement, has entered the ready-to-drink (RTD) coffee category with a line of flash-chilled coffee blended with Oatly oat milk, which will soon expand distribution from its specialty coffeebars to retail...
Dutch cell-cultured meat startup Meatable - which is working with porcine and bovine induced pluripotent stem cells [iPSCs] – has closed a $47m Series A round (bringing its total funding to $60m) to advance small-scale production at the Biotech Campus...
Armies of microscopic single-celled microbial food factories (yeast, bacteria, fungi, algae) are now routinely deployed to produce high-value food ingredients more efficiently than plants or animals. But next-generation ‘cell-free’ biomanufacturing processes...
Colorado-based ValidCare has announced the preliminary findings from its industry-sponsored, decentralized human safety study of hemp derived CBD products, with the data indicating no liver toxicity.
The US Departments of Agriculture and Education are making it easier for Americans suffering food insecurity due to the pandemic to put food on the table by temporarily increasing and expanding Supplemental Nutrition Assistance Program benefits as part...
When it comes to feeding children, caregivers have a wealth of nutritional information at their fingertips that they say they understand, and yet most children fall short of the recommended intakes of fruit, vegetables and whole grains and consume too...
Plant-based tuna featuring protein-packed red algae from Triton Algae Innovations could hit the market by the end of the year, says the San Diego-based firm, which says the ingredient could add an exciting new dimension to the small – but fast-growing...
Richmond, Virginia-based Babylon Micro-Farms, Inc., closed a $3m seed round to fund the company's national expansion of its indoor micro-farming technology.
The trend of home baking, which soared in popularity during the pandemic, is still going strong with sustained elevated sales expected through 2025, according to new market data.
From keto-friendly ice cream, cereals, and snacks, to plant-based dairy and functional beverages, check out what's new on shelf in our spring gallery of new launches.
Innovative partnership puts Mars Wrigley at forefront of sustainable packaging movement with eco-friendly technology made from nature that biodegrades in soil and oceans.
Even as more Americans are vaccinated and some local economies begin to reopen, recent consumer research suggests many of the shopping changes consumers adopted during the pandemic are here to stay, including a heightened focus on safety, financial health...
A grant from the United States Department of Agriculture National Institute of Food and Agriculture (USDA-NIFA) will explore the functional food possibilities of nettle and its potential to manage obesity, diabetes, and overall immune system health.
Functional Beverages Webinar Available On Demand Now
Shifting shopping habits and channel preferences due to the pandemic hit the non-alcoholic beverage industry hard last year, leading to an overall decline in volume and value, but rising consumer interest in functional options could be a key driver in...
Product availability and lower prices will edge out customer safety as top priorities for most grocery shoppers after the threat of COVID-19 subsides thanks to increased access to coronavirus vaccinations and heard immunity, suggests new research from...