As the average retail price of chicken eggs has surged 51% in the past year, JUST Egg has reduced pricing for its 12-ounce plant-based liquid egg product by 41%, reaching cost parity with premium chicken egg competitors, according to recent data from...
As Americans continue to adjust to post-pandemic life and mounting economic uncertainty, consumer research from Mintel shows that many believe there is no going ‘back to normal’ and as such are changing the way they think about, budget and shop for, and...
Notoriously thin operating margins in the food supply chain will likely keep manufacturers and retailers from incrementally lowering prices even as input costs begin to come down – preferring instead to wait until the economic landscape stabilizes and...
In the face of an unrelenting inflationary environment, zero sugar soda brand Zevia is reporting continued growth and consumer adoption of its products, especially in the club channel.
Microbes can produce a host of ingredients traditionally made by plants or animals more sustainably and efficiently. But if you want to make complex plant-based ingredients such as coffee or cocoa, single-celled microorganisms such as yeast and bacteria...
In another sign that inflation may be peaking, wholesale prices fell month-over-month for the first time in July since April 2020, but commodities remain significantly higher than last year, suggesting it may be well into next year before food manufacturers...
Private label specialist TreeHouse Foods – which has been looking to reengineer its portfolio to focus on higher-growth, higher-margin snacks and beverages markets – has struck a deal to sell a significant portion of its meal preparation business to European...
A study published yesterday by a group that included researchers from the University of Mississippi found that fewer than half of 30 immune supplements bought on Amazon had labels that accurately reflected their contents.
ADM will soon begin processing ultra-high protein (UHP) soybeans from farm tech company Benson Hill with the first commercialized products expected to hit the market in early 2023.
As consumers become more familiar with plant-based alternatives to animal products they are becoming more sophisticated in how they evaluate their options and less willing to compromise on nutrition, taste, texture and variety – pushing industry to find...
While overall inflation in the US cooled slightly in July, giving hope to some economists that financial pressures may be peaking, food prices continue to climb at their fastest rate in more than 40 years – suggesting the economic recovery still has a...
The popularity of condiments soared during the pandemic as consumers used the products as an easy way to elevate an otherwise bland meal made at home, notes Mintel, which says that condiment brands must engage with younger consumers to ensure future long-term...
Plant-based yogurt brand, Lavva, has been acquired by Brooklyn-based venture firm Next in Natural and has appointed a new CEO, Jeff Lichtenstein, to help the brand keep up with consumer demand and produce additional innovation.
PepsiCo is expanding its use of climate tech developer UBQ Materials’ renowned thermoplastic across its supply chain, in items ranging from shipping pallets to Lay’s chip displays.
While sports drinks are often loaded with sugar and can pack a hefty caloric punch, convincing people to replace them with water or unsweetened options may be more difficult than persuading them to ditch other sugar-sweetened beverages, including soda,...
A lawsuit* recently filed by former co-packer Don Lee Farms accusing Beyond Meat of “grossly” overstating the protein in its products is motivated by “personal vendetta" and should be seen as a “transparent attempt to gain leverage” on the eve of...
Fresh off closing a $3.9m seed funding round* led by Unovis Asset Management, Paragon Pure is debuting its OléPBM alternative fat technology made from rice bran oil, which it claims outperforms palm and coconut oils in plant-based meat products.
Higher grocery prices across categories are starting to take a toll on consumers as they pull back on premium cuts of meat, overall animal protein volume and seek less expensive, value options, Tyson Food executives reported during the company’s third...
As budgets tighten during periods of economic uncertainty or rising inflation, consumers often turn to private label products to save money, although this hasn’t always translated into long-term increases in market share. This time, however, predicts...
Well represented in key at-home eating categories of sauces (Rao's Homemade), yogurt (Noosa Yoghurt), and frozen entrees (Michael Angelo's and Rao's), Sovos Brands highlighted the performance of the company's largest brand Rao's...
Calls for more diversity, equity and inclusion in the food and beverage industry – and in particular the natural and organic sector – have grown steadily louder in recent years as has consumer interest in supporting minority-owned brands, and yet funding...
CPG and waste and recycling industry leaders are urging the House of Representatives to follow the US Senate’s lead and quickly pass “critical” legislation needed to “fix America’s broken recycling system” which, according to the Consumer Brands Association,...
Beyond Meat – which has just posted another grim set of quarterly figures driving its share price down to new lows – is gearing up for a showdown with former co-packer Don Lee Farms at a court in Los Angeles with a trial date scheduled for September 26.
Monster Energy is fighting to grow its shelf space in the increasingly competitive energy drink category while also dealing with unrelenting inflationary cost pressures, said CEO Rodney Sacks on the company's Q2 2022 earnings call.
Tweaks to Sprouts Farmers Market’s marketing strategy to focus on competitive produce pricing and product differentiation along with other strategic decisions are paying off as foot traffic and sales begin to rebound after plummeting following the retailer’s...
Beyond Meat CEO Ethan Brown faced another grilling from analysts on the firm’s Q2 earnings call Thursday after posting a $97.1m net loss on net sales of $147m, lowering guidance for the full year from $560-$620m to $470m-$520m, and cutting 4% of its global...
Revol Greens, the largest greenhouse lettuce grower in North America, is growing from 30 to nearly 50 acres of indoor farming space with the opening of a new facility in Texas and plans to double operations at its three other existing facilities to eventually...
Health Canada has published new labeling standards for supplemented foods such as snacks and beverages fortified with vitamins and minerals or caffeinated energy drinks; and introduced new nutrition labelling regulations for packaged foods requiring a...
Food and beverage companies are under increasing pressure to measure, reduce, and accurately report their social and environmental impact, with the SEC recently outlining proposals* that would require all registrants to disclose their scope three greenhouse...
A week after warning of falling profits due to consumers pulling back on spending to offset rising food and gas prices, Walmart is laying off hundreds of corporate staff in a move some fear signals a cooling job market and increased risk of recession.
Sugar reduction is still top of mind for most US consumers, but their motivations for purchasing low- and no-sugar beverages have shifted from weight management and dieting pursuits to achieving a sense of general wellbeing, claims Howard Telford, head...
Despite being a nutrient powerhouse with more fiber and protein per serving than quinoa and nearly twice the amount of iron as a 3-ounce sirloin steak, sorghum hasn’t quite crossed into mainstream territory with most consumers. But that could soon change,...
As the pandemic progresses and consumers delve deeper into how nutrition impacts their health, they are expecting more from the products they buy – pushing beverage makers to blur category lines to offer more benefits, according to Mintel.
Oatly posted a $72m net loss on net revenues up 21.8% to $178m in the second quarter of 2022, slightly under analysts’ expectations, with gross profit margins of 15.8%, a figure CEO Toni Petersson insisted would rise over time as the Malmö-based oatmilk...
PepsiCo will take a 20% equity stake in Romanian spring water brand Aqua Carpatica: eying up the potential to expand the brand to the US and other markets.
PepsiCo is making a $550m investment in functional energy drink Celsius: further boosting its focus on the energy category and eying up a shared opportunity to drive growth and innovation in the sector.
Despite the difficult economic reset underway in the capital markets and lingering supply chain challenges, rising inflation and the growing threat of a recession, investors are still interested in the food and beverage space, according to one investment...
Fungi-fueled startup firm MyForest Foods (formerly Atlast Food Co) has started commissioning ‘Swersey Silos,’ a new production facility in Green Island, New York, which will start churning out meaningful quantities of mycelium-based meat by the end of...
On Capitol Hill last week, hemp industry stakeholders and Congressional leaders frustrated by FDA’s lack of regulations for CBD and other hemp-derived compounds since the 2018 Farm Bill authorized commercial production of the crop, explored how the 2023...
Net sales in Amazon's physical stores - Whole Foods Market, Amazon Fresh and Amazon Go - grew 12.5% year-on-year to $4.72bn in Q2 2022 and grew 2.8% vs Q1, 2022.
As consumer interest in ‘plant-based’ products has grown in recent years, so too have products proudly proclaiming their status as such – but what does the term actually mean, and how influential is it really?
Capri Sun’s original juice drink pouches will now have an average of 40% less sugar, as the brand reformulates to use monk fruit concentrate in its drinks.
The family feud over who should lead Illinois-based kefir maker Lifeway Foods and how it should be run has moved into a calmer phase, with an agreement between the company and key shareholders Edward and Ludmila Smolyansky that will keep CEO Julie Smolyansky...
Dollar sales of refrigerated liquid plant-based creams and creamers were up +25.8% year-on-year to $527.4m in measured US retail channels* in the year to July 10, 2022, while unit sales were up +16.1%, led by strong growth in blends and ‘other’ (which...
When it comes to plant-based milks for kids, the options are few and far between, say Alex and Lauren Abelin, founders of Kiki Milk, which is made with organic oats, hemp seeds, sprouted pumpkin seeds, coconut, and other “whole food ingredients.”
As supply chains slowly recover and some commodity prices recede, Kraft Heinz says it will offer more “mutually beneficial” promotions with retailers, coupons and other deals to soften the impact of recent price hikes on increasingly budget-conscious...
