A trio of acquisitions and divestments in the packaged food industry at the turn of the new year suggest companies are taking a proactive and aggressive approach to rebuilding their businesses by reshaping their portfolios after industry stocks overall...
Private-label food and beverage brands will need to move beyond following name brands if they are to retain market share and become market leaders, Todd Maute, partner at brand and design firm CBX, told FoodNavigator-USA.
PepsiCo is using Rockstar Energy as the core of its energy-drink strategy, while leveraging its partnership with Celsius to tap into leading consumer trends, Fabiola Torres, GM & CMO, SVP Energy Category at PepsiCo, told FoodNavigator-USA.
The Gen Z-oriented coffee brand Chamberlain Coffee released Salted Caramel and Mocha oatmilk lattes last month to “appeal to those that like a sweeter coffee and prefer oats as their top choice of milk,” Christopher Gallant, CEO, told FoodNavigator-USA.
The New Year will bring a renewed focus on clean-label and better-for-you products, including a desire or the “best of both worlds” as consumers gravitate towards indulgent products making functional health claims, as well as products that are better...
Consumer confusion over how best to reduce sugar in one’s diet persists. Are they still looking for ‘zero added sugar’ in sweet drinks? Regulatory and ingredients experts weigh in.
Riverside Natural Foods, the parent company of MadeGood and GOOD TO GO, is tapping into the need for allergen-free snacks at all hours of the day, as the company is staying focused on business fundamentals to grow its brand in the new year, company president...
Bob’s Natural is gearing up to take its Pinole Chips to more retail shelves in the new year, tapping into the demand for functional and better-for-you snacks, brand founder and CEO Bob Gruder told FoodNavigator-USA.
Retailers are gearing up to fight for consumers' dollars through mergers and acquisitions, as shoppers head into stores less and look for opportunities to make the most out of their trips, RJ Hottovy, head of analytical Research at Placer.ai, shared...
Revela's dairy flavor ingredients and solutions will add new capabilities to Archer-Daniels-Midland's existing global dairy and savory flavors portfolio. With Revela’s projected sales of almost $240m in 2023, the acquisition will strengthen...
As the debate on weight-loss drugs like Ozempic and public health continues, CPG companies have a range of opportunitied to create healthier products now, which can have meaningful impacts on consumer health, Hank Cardello, leadership solutions program...
Functional beverage brand Mitra9 has released a reformulated cleaner label product ahead of retail expansion plans, as the company looks to improve margins and reduce costs, brand co-founder and CEO Dallas Vasquez told FoodNavigator-USA.
As an early adopter of the “triple bottom line” framework, the premium confection company Endangered Species Chocolate has been “doing well by doing good” for 30 years by responsibly sourcing ingredients, supporting fair trade, prioritizing sustainability...
Greek yogurt behemoth Chobani is taking another shot at the coffee category as part of broader, yet hit-and-miss strategy to diversify beyond yogurt, with the acquisition of La Colombe for $900m, announced Friday.
Nearly a year after its acquisition, Tofurky is capitalizing on the synergies with its parent company Moringa Nutritional Foods as the brand prepares to grow its retail and global presence despite headwinds facing the plant-based market, company CEO Jaime...
Nearly a decade after FDA determined partially hydrogenated oils in foods are no longer Generally Recognized as Safe, the agency confirmed in a Federal Register notice today that Dec. 22 is the effective date for the revocation of partially hydrogenated...
Grocery technology and delivery company Instacart estimates since its launch in 2012 it has helped drive nearly $8m in incremental revenue for the US grocery industry and helped thousands of CPG brands and produce providers reach new customers and generate...
WK Kellogg – the cereal-focused spinoff of Kellogg’s – is in line for a slew of financial incentives from Michigan state, which will help the company retain hundreds of jobs in Battle Creek.
High-quality consumer data is essential to successfully innovating and marketing new CPG products – but it is also expensive and difficult to obtain via traditional research methods, and it can take so long to gather and analyze that it could be out of...
Plant-based meat company Before the Butcher is focusing on growing and innovating its private label and foodservice businesses, as it assess how the alternative protein retail market will shake out, company founder and CEO Danny O'Malley told FoodNavigator-USA.
Kettle & Fire supports regenerative farming by sourcing bones from suppliers that have defined land management practices for each animal, Victoria Belinsky, the company's senior director of brand marketing told FoodNavigator-USA. The company...
Consistent branding and values can create a stronger business over time compared to chasing trends or copying the competition, which can dilute a brand's long-term impact, according to Zevia CEO Amy Taylor.
The Food and Agriculture Organization of the United Nations has warned that funding to support climate-smart agrifood systems is ‘strikingly low’ and has plummeted in the past year despite the growing urgency to stave off climate change.
Beverage startups need to prioritize strategic merchandising, promotions, and digital strategies over rushing to get on store shelves to grow their brand, advised Bill Sipper, consultant and manager partner at Cascadia Managing Brands, in an interview...
Dollar General is reducing its inventory and product variety by a “meaningful number of SKUs” as part of a “back to basics” initiative to boost margins, ease ongoing supply chain constraints, improve employee engagement with consumers and reduce the risk...
The US Commerce Department and the US International Trade Commission should reconsider a preliminary decision to impose anti-dumping and countervailing duties on tin mill products from Canada and Germany, which if finalized could drive up the cost – and...
After Perdue Farms received unsolicited but ultimately what it characterized as “fair” criticism for its approach to animal care years ago, the protein producer began inviting annually animal welfare advocates, farmers, academics and stakeholders from...
Biotech startup, Clever Carnivore, closed $7m of seed round funding to expand production of its low-cost cultivated pork sausage with plans to launch its prototype, the Clever Bratwurst in early 2024 without asking the consumer to pay more, Virginia Rangos,...
Plant Press founder Ariana Farahani took to the stage at the BevNET LIVE event this week to share her brand’s vision for a clean energy drink during the New Beverage Showdown, as the brand readies for retail expansion with the help of a $1.2m seed round.
Legislation passed this week by the House Energy and Commerce Committee would strengthen supply chains and domestic manufacturing to potentially avoid bottlenecks and challenges like those that delayed production and distribution of essential goods during...
Hard seltzer pioneer White Claw is launching White Claw 0% Alcohol in the US in January: ‘a radically new beverage’ that is designed to combine White Claw flavors with hydrating electrolytes while replicating the complexity of alcohol.
The plant-based protein market has faced a year of headwinds from slumping unit sales to lower investments, but companies like Chunk Foods and Konscious Foods are hoping to tap into underserved markets in the US to grow, as the entire industry prepares...
AI has the power to speed the food and beverage industry's digital transformation, as companies leverage it for product develop and to forecast upcoming trends, Jacques Botbol, CMO of Tastewise, told FoodNavigator-USA.
As consumers become increasingly wary of sugar content, CPG companies are meeting the demand for zero-sugar products with the help of natural sweeteners, a trend set to gain momentum in the US as regulators and scientists push for reductions.
Keeping costs in line and managing margins of at least 30% after trade spend is essential for creating an enduring brand in today's economic landscape, beverage industry veteran Seth Goldman advised during BevNET 2023.
Campbell Soup Co. is embracing a direct store and integrated project delivery model to “unlock the full potential” of its iconic snack brands, including Goldfish, Lance and Late July, at a time when some Americans’ enthusiasm for snacking may be slowing....
Seven years after first investing in Michel et Augustin, Danone is in ‘exclusive’ negotiations with potential buyer Ferrero-related company CTH Invest.
Higher prices are not stopping consumers from buying JM Smucker’s iconic coffee, spreads and snack brands, unlike with many competitors that have struggled with sliding volumes in direct proportion to inflation-related price increases.
Tyson Foods celebrated the much-anticipated grand opening of a new 325,000-square-foot fully-cooked food production facility in Danville, Va., last week – marking a significant milestone in its “bold,” multi-point plan to improve its performance, which...
From the launch of the first branded health-focused bread in the 1920s to the development of a fibre-packed sourdough ingredient in 2021, Puratos has been at the forefront of the health trend. It’s part of the company’s DNA.
Just over a year after joining FDA as the agency’s top scientist, Namandjé Bumpus will rise to second in command as principal deputy commissioner early next year – replacing Janet Woodcock who, after nearly 40 years as a leader within the agency, recently...
FDA, USDA and EPA want to make it easier for producers, manufacturers, retailers and food service providers to give to those in need nutritious food that would be wasted by offering financial incentives and tax credits to encourage donations, developing...
Food and beverage companies are embracing regenerative agriculture in the face of the global warming crisis, but the entire ecosystem might have to change some long-held beliefs in order to make an impact, Heather K. Terry, CEO and founder of chocolate,...
The pantry staple by The Kraft Heinz Not Company features a plant-based sauce made of fava bean protein and coconut oil powder in two flavors—original and white cheddar—priced at $3.49 a box on shelves this month and continuing its rollout in early 2024....
Givaudan has partnered with neuroscience company Thimus to gain an indepth understanding of the motivations, culture and emotions that underlie the consumers’ experience.
Addressing convenience, value, sustainability and of course, flavor, Explorer’s line of cold brew coffee and chai concentrates offer consumers a variety of caffeine levels to personalize their coffee experience. Explorer’s founder, Cason Crane, sat down...
CPG companies looking to grow in the new year should pay extra attention to their price-point offerings and their pack size, as consumers continue to look for value as well as moments to indulge, Sally Lyons Wyatt, Circana's global EVP and chief...
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