Joywell Foods, which deploys microbes to produce nature-identical ultra-sweet proteins found in fruits and berries, has raised $25m in a funding round* led by Piva Capital as it gears up to launch its first consumer products featuring the sweeteners.
While Coca-Cola has just unveiled plans to discontinue organic ready-to-drink tea brand HONEST Tea, Bolthouse Farms says there are significant opportunities to grow (primarily) organic ultra-premium juice brand Evolution Fresh, which posted a near-40%...
While much of the press coverage in food tech is devoted to brands making meat, egg, and dairy alternatives, these technologies will only be scalable – and sustainable - if we pay the same level of attention to the enabling technologies underpinning them,...
Food companies are increasingly opting for insetting over offsetting their carbon emissions, it's been claimed, as the voluntary carbon offset market continues to look to improve its credibility.
With $10m in series A funding, the carbon assessment platform Planet FWD hopes to dramatically reduce the time it takes CPG companies to evaluate and neutralize their environmental impact while simultaneously speeding up their development of eco-friendly...
A court has found in Sweegen’s favor following a four-year legal battle with rival PureCircle over IP relating to the manufacture of stevia sweetener Reb M.
More Americans are worried about the planet’s health and understand that their dietary choices impact the environment, yet few are willing to pay significantly more for eco-friendly products – potentially squeezing companies undertaking expensive sustainability...
Gatorade is the undisputed leader in sports drinks, says the new CEO of BODYARMOR, which recently overtook Powerade to capture the #2 slot in the category. But after four years at Chobani, challenger brand extraordinaire, Federico Muyshondt knows a thing...
ADM’s nutrition business may represent only 15% of its operating profit currently, but executives expect that to double in the next three years and to drive a majority of the company’s operating growth thanks to its “systems” approach to business development,...
Organic ready-to-drink (RTD) tea brand HONEST Tea will be phased out of Coca-Cola’s portfolio by the end of this year, with executives highlighting “a drop in immediate consumption sales and limited glass supplies.” However, the organic juice line HONEST...
They may not be magic, but mushrooms – at least medicinal ones – are having a moment as consumer demand for functional benefits, such as clarity, calm, digestive support and enhanced immunity, are driving discovery and sales of the versatile, easy-to-you...
Superbrewed Food has secured self-affirmed GRAS status for a new whole food, non-GMO ingredient - marketed as a ‘postbiotic cultured protein’ – that founder Dr Bryan Tracy is billing as “the most nutrient dense protein source on the planet,” with 80%+...
The FDA has denied a request to exempt rare sugar tagatose from the total and added sugars declaration on the Nutrition Facts panel, three years after granting the same request for rare sugar allulose, a decision petitioner Bonumose has slammed as “contradictory...
A new entrant to the burgeoning plant-based protein arena, canola protein can improve the taste, texture, and nutrition of everything from protein bars to plant-based ice cream, says Merit Functional Foods, which recently opened a facility in Manitoba...
Dairy, plant-based and animal-free products often unnecessarily are pitted against each other as competing for the same place in consumers’ fridges, when in reality most Americans buy across the segment and manufacturers would be better served by highlighting...
Despite a significant uptick in the percentage of Americans following a particular diet or eating pattern - from 'clean eating' to 'mindful eating' - to improve their wellbeing, fewer weigh the healthfulness of the ingredients or products...
Reformulating products to clean up labels resulted in both higher revenue and higher margins for a majority of North American manufacturers surveyed by Ingredion late last year, claims the company, which quizzed 2,000 product developers at large and mid-sized...
Walmart’s already low appetite for price increases across food and beverage may be further dampening as more consumers switch to private label and smaller packs to keep expenses down – a signal to the retailer that it is not doing enough to deliver on...
Even though 59% of Americans have access to curbside recycling, only 27% of plastic bottles are currently recycled – a grim statistic that is not only bad for the environment but also bad for CPG businesses, such as The Coca-Cola Co., that are striving...
While the proportion of Americans who say they have purchased groceries online over the past 12 months has declined, slightly more consumers say they now do ‘most’ or ‘all or almost all’ of their grocery shopping online, according to Coresight Research’s...
With food-at-home prices in April 2022 up a staggering 10.8% vs April 2021, consumers are beginning to change their behavior. FoodNavigator-USA caught up with K. K. Davey, president of client engagement at IRI, to find out what he’s seeing in the data.
Food prices likely will remain stubbornly high as the cost of key ingredients, packaging materials, transportation and warehousing paid by producers continues to rise, albeit at a slightly slower pace – sparking optimism among some that high inflation...
Daily tea consumption should be recommended in the upcoming 2025-2030 Dietary Guidelines for Americans, argue scientists and industry stakeholders who point to its safety and a growing body of research supporting health benefits from the Camellia sinensis...
Vita Coco now commands a 50% share of the coconut water category and has grown household penetration of its brand to 11%, a strong indicator that consumer demand for coconut water remains elevated with plenty more runway, said Vita Coco co-founder and...
Rising food prices slowed slightly in April over the prior month, according to the Bureau of Labor Statistics April Consumer Price Index released today, but they continue to climb at a brisk pace that is significantly faster than all items, allowing them...
In FoodNavigator-USA's latest roundup of new product launches, we include an eclectic mix of new products, from ‘on-the-go’ prebiotic fiber blends and Lavazza coffee in cans, to plant-based scrambled egg, ice cream sandwiches, and cheeseballs.
As organic continues to go mainstream with broader reach outside of the natural channel where it began, it faces increased competition from other attributes and production methods as well as skepticism about the certification’s veracity and value, new...
While many consumers report struggling with product shortages and delays in online orders along with mounting concerns over inflation, demand for groceries “tends to be relatively inelastic,” according to Morning Consult, which has just surveyed 1,000...
As government stimulus abates, consumer savings rates are beginning to dip below pre-pandemic levels just as food prices are rising due to inflation – driving demand for less expensive private label products and helping to boost TreeHouse Foods’ net sales...
Online grocery activity declined across the board last month in three main segments including pickup (in-store, curbside, lockers, etc.), delivery (first and thirst party providers such as Kroger, Instacart, Shipt), and ship-to-home (parcel carriers including...
Monster Energy reported a strong increase in net sales for Q1 2022 as it steadily works to stabilize its business against rising supply chain costs, but remains bullish on the market and consumer demand for its energy drinks portfolio.
Oatly's US revenues surged 40.3% to $47m in Q1, 2022, said the Swedish oatmilk maker, which claims Oatly is now the “fastest turning national brand in the entire US milk category [dairy and plant-based] with significant distribution upside,"...
Herbalife’s stock price took a tumble after the company announced disappointing earnings yesterday. Continuing pandemic issues and global inflation hurt the company’s bottom line.
Tate & Lyle – a global ingredients company best known for sweeteners, fibers, and texturizing ingredients – has moved into the burgeoning plant-based protein arena with a deal to acquire Virginia-based chickpea protein and flour co Nutriati, six months...
IFF has launched SEAFLOUR, a hydrocolloid from red seaweed with particular potential in higher-protein plant-based milks made with pea or soy, enabling formulators to offer cleaner labels and shorten their ingredients lists.
Food & beverage class actions surged in 2021, driven in part by a tsunami of cases over heavy metals in baby food, but judges are wearying of cases that assume consumers have zero common sense, according to a review by law firm Perkins Coie.
After two years of focusing internally to navigate pandemic-related supply chain, labor and other challenges, Keurig Dr Pepper will begin to look outward once again for inorganic opportunities, including mergers & acquisitions, partnerships and minority...
For many avid followers of the keto diet, compromise – be it in convenience, taste or simply going without – is an unwanted and unavoidable tradeoff for their health goals; but it doesn't have to be, especially first thing in the morning, according...
Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well...
While some plant-based and emerging ‘animal-free’ dairy products have strong sustainability bona fides, most Americans still drink cow’s milk, so trying to give consumers more environmentally-friendly options within a category they are reluctant to give...
Bracing for an “asynchronous” recovery in 2022 with “many new chapters and challenges,” The Coca-Cola Co. is prepared to quickly respond to local market conditions with a mix of price adjustments, package differentiation and “ever-sharper” promotional...
As Earth Day month draws to a close, food and beverage manufacturers are celebrating efforts to reduce food waste, in their factories and in consumers’ homes, through increasingly creative and data-backed initiatives, including Hellmann’s ‘fridge night’...
With supplies from Ukraine and Russia – which together accounted for 15.3% of global corn exports in 2020/21 - in jeopardy, “the world now turns to Brazil and the US for corn, and prices will rise,” says Rabobank, which notes that prices are already trading...
Undefined and increasingly under fire for allegedly delivering low nutrition but high calories, so-called ultra-processed food could be under the microscope during the next review of the Dietary Guidelines for Americans, slated for publication in 2025.
Emboldened by “sustained consumer demand” despite rising prices in the first quarter to the highest level since 2008, Nestle executives told investors yesterday that they will continue to pass on “significantly higher” than expected cost inflation to...
With an ever-expanding portfolio, Kerry Taste & Nutrition is looking to expand its ingredients into new formats, with its new liquid BC30 probiotic giving opportunities in plant-based milks and liquid milk.
As Americans who have worked from home since the pandemic begin to return to their offices and become more comfortable socializing in the evenings, when and what they eat is shifting earlier and later – at the expense of more traditional meals – creating...
In part four of our series on the high-fat, moderate protein, ultra-low-carb keto diet, FoodNavigator-USA checked in with experts at consumer insights specialist Hartman Group, and product innovation company Mattson to get their take on whether it is...
Entrepreneurs at startups and emerging brands often innovate and build their businesses based on their intuition or anecdotal feedback from loved ones and early adopters, but as they scale so do their need for detailed data and analysis -- not just about...
More Americans are trying to consume probiotics and prebiotics than a year ago, but many are confused about the best sources for each and the relationship between them, fermentation and strain-specificity – hindering their goals, according to new data...
