Despite a double-digit increase in retail sales during the pandemic, most grocery retailers continue to grapple with tight profit margins which could be squeezed further as restaurants and the foodservice industry reopen but many coronavirus-related expenses...
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.
