Danone – owner of dairy-free brands Alpro, Silk, and So Delicious Dairy Free - is expanding its presence in the burgeoning plant-based segment with a deal to acquire California-based Earth Island (owner of the Follow Your Heart brand) for an undisclosed...
The ice cream aisle used to be a lot less complicated. There were national brands, regional brands, a couple of super-premium players, and a smattering of dairy-free. Today, shoppers are presented with a bewildering array of options from lactose-free,...
Walmart generated a record $152.1bn in sales, an increase of $10.4bn or +7.3%, in Q4 (13 weeks ended Jan. 29, 2021). Looking towards FY22, the retailer said it will be investing heavily in its “next generation business model” to fuel further growth.
Givaudan’s flavour business, Givaudan Taste & Wellness, is launching a new tool that leverages artificial intelligence for the ‘next generation’ of product development. “Success comes from combining the output of the tools with the sensitivity and...
Barry Callebaut has joined forces with Swiss chemistry start-up Bloom Biorenewables to investigate upcycling chocolate side streams. The first result: vanillin produced from hazelnut shells.
New US Department of Agriculture leadership optimistically is committed to launching a “a new era of climate smart practices” and “equity and fairness” in food and ag that will remove barriers, rebuild rural America, tackle climate change and control...
As the pandemic nears the one-year mark, food and beverage companies face increased pressure to maintain new consumers gained during the pandemic while also engaging additional shoppers over record household penetration increases in the last year – a...
Founders of Harmless Harvest, Justin Guilbert and Douglas Riboud, are aiming to take the success and consumer demand they built for sustainable and ethically-produced coconut water, and apply it to the salty snacks category with a brand of upcycled, crispy...
Bonumose – a Virginia-based startup with patented technology it claims could enable the “mass market adoption” of rare sugars – has raised a Series B* round led by Hershey and sugar refining giant ASR Group, to support commercial production of allulose...
The great SKU rationalization last Spring caused by pandemic-related supply chain constraints and consumer stockpiling not only forced CPG companies to pause production temporarily of some products, but it prompted many to reevaluate their product mix...
Boston-based startup Slate Milk – which gives adults permission to keep drinking chocolate milk by dialing down the sugar, increasing the protein and packaging it as a functional beverage in shelf-stable cans - has raised $1.7m in a seed round (taking...
Hydroponic lettuce grower Little Leaf Farms has raised $90m in a recent funding round led by Equilibrium Capital to fully fund its East Coast expansion and build out new greenhouse sites in the region.
At the Consumer Analyst Group of New York 2021 conference yesterday, General Mills unveiled a four-prong strategy to “accelerate” its net organic sales growth 2-3%, expand mid-single-digit margins and deliver mid- to high-single-digit constant currency...
