Nature’s Fynd - a Chicago-based startup growing protein-packed food from microbes with a fraction of the environmental footprint of meat or dairy – has raised $350m in a Series C round (taking its total financing to >$500m) as it gears up to launch...
Sensient Technologies has acquired the assets of New Jersey-based Flavor Solutions, a custom product and flavor development company serving the food, beverage, and nutraceutical industries. Terms of the deal were not disclosed.
While many consumers have incorporated some form of e-commerce into their grocery shopping routines, an increasing number are indicating their preference for their pre-pandemic in-store shopping trips, according to survey results from The Feedback Group.
Israeli firm NextFerm Technologies – one of a flurry of players developing new protein sources from microbes - is gearing up for the 2022 commercial launch of ProteVin, a vegan, non-GMO, yeast-based protein, following successful testing at pilot scale...
Swedish keto-friendly brand Nick’s – which entered the US in late 2019 with low carb light ice cream pints – is on course to triple its US sales in 2021 (vs 2020) with continued growth in bricks & mortar retail, sharp growth in its fledgling direct...
Live-stream shopping is emerging as a new frontier for food and beverage brands as homebound consumers during the pandemic looked for safe ways to discover products and stock their pantries and brands seek novel ways to tell their stories and drive trial...
Three high-profile acquisitions put the spotlight on how PepsiCo is shaping its beverage portfolio for the future: tapping into a new consumption model with SodaStream; eying up the opportunity for protein and sport with CytoSport, and building its presence...
The plant-based chicken category is heating up with Impossible Foods unveiling plans to enter the market in the fall with soy-based nuggets, going head to head with rival Beyond Meat, which has just launched pea-, and faba bean-based tenders.
The Good Crisp Company is eyeing up the growing market opportunity for snacks with immune support benefits with the recent launch of its better-for-you cheese balls featuring Kerry's Wellmune ingredient.
As consumers become vaccinated and more comfortable venturing out of their home after months of lockdowns, their health remains front of mind, but their priorities are expanding from a laser-focus on immunity to include weight management and their state...
Ultra-processed foods, such as packaged baked goods, sugary cereals and ready-to-eat meals with food additives and high levels of added sugar, fat and salt, but low levels of vitamins and fiber, are in the spotlight again after research published this...
Suja Juice, which helped mainstream the cold-pressed juice category, has been acquired by private equity firm Paine Schwartz Partners for an undisclosed sum, following a year of "unprecedented revenue and profit."
Comet Bio – a startup developing functional fibers and sweeteners from upcycled ingredients – has closed a $22m Series C round led by private equity firm Open Prairie, with support from Louis Dreyfus Company, BDC Capital, and existing investor Sofinnova...
A bill put forward by Senate Majority leader Chuck Schumer, D-NY, to decriminalize marijuana includes language on CBD that has been welcomed by supplement industry stakeholders.
Canadian startup Noblegen has opened a CAD$500m Series C capital raise as it seeks to commercialize a suite of products from the ‘ancient microorganism’ euglena gracilis, which can produce everything from proteins that behave like animal proteins, to...
Wicked Kitchen – a plant-based brand developed by chefs and mushroom enthusiasts Derek and Chad Sarno that has been a hit in the UK – is hoping to make a bigger splash this side of the Atlantic after securing $14m in a Series A round co-led by Unovis...
Childhood nutrition giant Gerber is teaming with the Rodale Institute and Michigan State University to test whether more sustainably grown food is not only better for the earth, but also for children, as part of an ambitious, multi-prong commitment to...
Shares in Swedish oatmilk maker Oatly – which went public in May – dropped sharply on Wednesday following a report from New York based activist investor and short seller Spruce Point Capital Management arguing that “the walls are collapsing on Oatly’s...
As grocery buying settles into a new, less-frenzied norm, many major food companies including Conagra Brands are dealing with the rising costs of doing business in an inflationary environment by raising the prices of their finished products.
Austin, Texas-based Springdale Ventures, a venture capital firm which has invested in a number of high-growth CPG brands, is on the cusp of its next chapter of growth with the appointment of a third general partner and is embarking on plans to raise its...
Common shares in naturally alkaline spring water Flow Beverage Corp. began trading on the Toronto Stock Exchange today (ticker symbol 'FLOW'), following the company’s reverse takeover transaction via a three cornered amalgamation with RG One...
Forced by the pandemic to change where and how they buy groceries, consumers in the past 16 months have been exposed to a wide range of shopping experiences – online and in store, good and bad – which simultaneously eroded their loyalty and raised their...
From Air Protein - a startup manufacturing protein out of thin air*; to Meati Foods and Atlast Foods - fungi-fueled firms making whole cut ‘meats’ from mycelium; to a flurry of cell-cultured meat players including BlueNalu, GOOD Meat, and Wildtype; 28...
The world’s largest food company has confirmed it is eyeing the cultured meat sector after a leaked report revealed a tie-up with Israeli cell-based start-up Future Meat Technologies.
Oregon-based Honey Mama's and its truffle-like chilled cocoa bars made from five organic whole food ingredients is entering Whole Foods stores nationwide, where the brand is aiming to bridge the gap between the chocolate and wellness bar categories....
In FoodNavigator-USA's latest roundup of new product launches, we include Clif Bar's first foray into boxed cereals, PeaTos' fiber- and protein-fueled take on Doritos, RXBARS's new plant-based bars, and a wave of products focusing...
PepsiCo’s net sales surged 20.5% to $19.22bn in the firm’s second quarter, zipping past expectations of $17.96bn, thanks in part to increased consumer mobility boosting demand for the firm’s iconic beverages at restaurants, events and across channels...
As legislators continue to negotiate an infrastructure deal, the Consumer Brands Association urges democratic leaders to include the creation of a federal Office of Supply Chain Resiliency to address ongoing challenges exposed and magnified by the pandemic...
Citing “abusive actions by monopolies,” including “big ag,” that “lead to mass layoffs, higher prices, [and] fewer options for workers and consumers,” President Joe Biden Friday signed a sweeping executive order that tasks more than a dozen agencies with...
Tate & Lyle has struck a $1.3bn deal to sell a controlling stake in its 'Primary Products' industrial sweeteners and starches business in the Americas to private equity firm KPS Capital Partners, as it focuses on specialty sweeteners, fibers,...
The demand for mood support supplements based on 5-HTP has raised concern about the sustainability of the botanical Griffonia simplicifolia, the source of the ingredient. The authors of a recent paper said more information is needed to make sure the...
With brands now infusing their wares with everything from passionflower to hibiscus to deliver a sense of calm and wellbeing, the time is ripe to take 5-HTP - a mood support ingredient historically confined to the supplements market – to a broader audience,...
Wellmune – a branded beta glucan ingredient claimed to ‘prime’ the innate immune system, the body’s first line of defense against invasion by pathogens – is attracting growing interest from food and beverage brands as well as supplement products as immunity...
Instacart has appointed one of its current board members and former Facebook exec, Fidji Simo, as CEO of the online grocery shopping platform, effective August 2, replacing current CEO and founder Apoorva Mehta who will be transitioning to the role of...
Despite overall declines of the snack and nutrition bar category over the past year, NuSkool Snacks (formerly MCTco) saw demand for its brand – and other low-sugar bar products like it increase – reports founder and CEO Joe Christensen.
Ever since The Coca-Cola Co. offered the first coupon in 1887 for a free glass of Coke at “any dispenser of genuine Coca-Cola,” coupons have helped manufacturers drive sales, stores generated foot traffic and both build loyalty -- but pandemic-related...
As the #1 selling brand in Australia, New Zealand, and the UK, and the fourth largest kombucha company globally, producing more than 90 million cans per year, Remedy Drinks is seeking to replicate its success in the US market where it says consumers are...
Nestlé USA’s online sales grew more than 160% in 2020, with e-commerce sales accounting for 40% of its US growth, but there are still a ton of opportunities to reach more shoppers online, chief strategy officer Mel Cash tells FoodNavigator-USA as the...
The School Nutrition Association (SNA) wants Congress to once again delay stricter sodium targets and roll back whole grain requirements for school meals out of fear that students will reject the changes and drop out of feeding programs, many of which...
Flavor and seasoning giant McCormick & Co. is empowering consumers to take the cooking skills they honed during the pandemic to the next level with stepped-up digital marketing and influencer-partnerships featuring more sophisticated herb blends,...
If you took the best of Bai, the best of Vitaminwater, and the best of Gatorade, and made it organic, you would have ROAR, says CEO Alex Galindez, who is applying a new distribution and marketing playbook to the five-year-old brand.
Olipop – a functional beverage brand forging new territory in the soda category with 9g fiber per can – is on course to more than triple revenues this year vs 2020, says co-founder Ben Goodwin, who launched the brand with David Lester in late 2018.
As the foodservice industry rebounds and consumers return to restaurant dining, mobile ordering app GrubHub took a look back at the past six months of ordering trends made by the approximately 33 million users of its mobile app.
A recent warning letter that focused in part on gut health claims points out the chinks in FDA’s policy facade, as it takes the target firm to task over some claims that seem benign in nature.
New data from Placer.ai tracking foot traffic at America’s leading food retailers shows that traffic at Whole Foods – while rebounding - remains lower than it was in 2019, while many rival grocers have staged a stronger recovery.
Chobani has filed a confidential draft registration statement for a proposed initial public offering (IPO) with the Securities and Exchange Commission (SEC). The number of shares of common stock to be sold and the price range for the proposed offering...
