Venture capital firm Lever VC has completed final close of Lever VC Fund I, with $80m raised to back early stage plant-based and cell-cultured meat and dairy companies around the world.
PepsiCo has unveiled a new data platform dubbed ‘pepviz’ enabling it to collaborate with retail partners to develop a more granular, targeted, and ‘hyperlocal’ approach to product assortment, digital marketing and inventory management that has already...
Interested in meat, dairy, and seafood alternatives? Is all the hype - and the wads of cash - truly justified? Are some formulations (think plant-based cheese and yogurt) really ready for prime time? Are the purchase drivers for plant-based seafood the...
PepsiCo’s new SodaStream Professional platform will expand into functional beverages and new markets as part of PepsiCo’s company-wide pep+ program: a ‘strategic end-to-end transformation with sustainability at the center’.
While it has the same number of calories per gram as regular sugar, the tooth-friendly ‘slow-carb’ isomaltulose is metabolized very differently to sucrose, and like allulose, should not have to count towards grams of total or added sugar on food labels,...
Full Sail IP Partners, a Warburg Pincus-backed investment firm set up to acquire brands, has bought the Odwalla juice and smoothie brand from Coca-Cola - which discontinued it last year - for an undisclosed sum.
In FoodNavigator-USA's latest roundup of new product launches, we include an eclectic mix of new products, from Chobani's first foray into peanut butter, to Hershey's new 'Oat Made' bars, an interesting new twist on tofu, and...
While inflation in August was still more than double the Federal Reserve’s 2% long-term target, its growth rate slowed for the first time in eight months – sparking optimism in some policy makers that the economy is healing.
By Hannah Crum, president, Kombucha Brewers International
The COVID-19 pandemic has had devastating impacts on the US economy, but one industry that has continued to see growth-- and even increased demand, with the renewed interest in health brought on by the crisis-- is kombucha.
When it comes to packaging, is it always clear which is the most environmentally-friendly choice? Mixed material packaging combining high levels of paperboard, for example, is often touted as a greener choice than plastic, but if most of it ends up in...
From plant-based and nutritionally enhanced products to improved sustainability and packaging innovations, the 45 startups participating in FoodBytes! by Rabobank’s Pitch 2021 competition announced today hit on some of the hottest trends and biggest challenges...
The FDA has approved an aqueous extract of the blue petals of butterfly pea flower (Clitoria ternatea) – a plant native to Southeast Asia – as a color additive exempt from certification following a petition from Sensient Technologies, which described...
The Swiss company’s new Protein Hub aims to provide experts and technology to accelerate alternative protein development, Thomas Ullram, Innovation Director Savoury Europe at Givaudan Taste & Wellbeing Division, tells FoodNavigator.
For a company with an over 90-year history, Ocean Spray is still in its early days of tapping into the kids beverage category with its Growing Goodness line, a functional line of kids juice products with no added sugar.
Provectus Algae – an Australian startup developing an automated growing platform it claims can unlock algae’s potential as a source of high-value ingredients – is building a large-scale manufacturing facility in Noosaville, Australia, that will start...
While many retailers and CPG manufacturers are implementing price increases to their product assortments, online fresh food retailer FreshDirect said it will be rolling out price savings to consumers on a wide variety of its products.
To keep up with its robust year-over-year growth and prevent disruptions to its supply chain network, Walmart has announced that it will be hiring 20,000 new supply chain associates to work across its distribution centers, fulfillment centers, and transportation...
Climate change, labor shortages, inflation and strained supply chains threaten manufacturers’ and suppliers’ ability to ethically source, safely produce and efficiently deliver the foods consumers want at prices they can afford -- but what if there was...
Even as economies reopen and consumer mobility increases, demand for CPGs and food consumed at home remains elevated over pre-pandemic levels in many categories, and in some cases exceeds the high demand of the early pantry-stocking days, according to...
Messaging around dairy alternatives often focuses on health, sustainability, animal welfare, or food allergy/intolerance, which motivates shoppers that want to feel good about what they put in their baskets and their bodies. But ‘plant curious’ consumers...
Poppi, an emerging prebiotic soda brand, has closed a $13.5m funding round led by CAVU Ventures and further backed by a star-studded investor pool including Ellie Goulding, Halsey, Kevin Love, and Olivia Munn, which will go towards supporting the company's...
Whether it is in-person, online or a hybrid of both, children across the country are returning to school – bringing relief to some caregivers and triggering anxiety in others, but either way almost everyone is headed to the store for classroom essentials,...
Thanks to blockchain and other advances in traceability, it’s tempting to think that in the event of a problem (foodborne illness, adulteration, contamination, child labor question marks), we can trace everything in the food supply chain back to its source...
Koia, which launched with plant-based protein shakes in 2016 sold at Whole Foods stores, has unlocked exponential growth in the mass channel with its low-sugar smoothie line that founder and CEO Chris Hunter says is the company's "best performing...
The latest consumer price index reveals food prices have climbed 3.4% over the past year, reflecting a slow but steady month over month increase that likely won’t stop any time soon as ingredient, material and labor shortages continue.
The cost of containerized freight has reached an all-time high, says a new report from Mintec, which says its global shipping composite index (based on 11 east-west trade routes) reached a monthly average of $8,796 per 40-foot container in June, up +24%...
Walmart has launched Walmart GoLocal, a new white-label business which commercializes its delivery platform to provide last-mile delivery capabilities and services to third-party businesses, connecting the retailer with more consumers.
As the pandemic drags on and consumers feel more confident in the kitchen they are relying less on well-known, iconic brands for comfort as they did in the months immediately following the coronavirus outbreak and are more willing to try new brands and...
Sugar and healthy usually occupy opposite ends of the spectrum, but startup Bhoomi wants to bring them together in a line of cold-pressed cane water elixirs featuring traditional Ayurvedic ingredients and a compelling mission to “balance health, equitable...
Meat, egg, and dairy ‘alternatives’ usually come with qualifying language (plant-based eggs; meatless nuggets, oatmilk). But what should we call next generation products that are not simply mimicking the real thing, but in many cases, are the ‘real’ thing,...
Online grocery shopping sales declined by 2% to $6.7bn in the month of July compared to the previous month, but still remain well above pre-COVID sales levels, according to recent data from Brick Meets Click/Mercatus Grocery Shopping Survey.
Sugar reduction has become a macro health trend among consumers who believe the dietary shift leads to general wellness and health, according to Euromonitor research.
The pandemic’s impact on frontline workers, including farmers and food manufacturers, paired with recent high profile social justice movements and spectacular displays of climate change over the past 18 months is spurring more consumers to look for and...
The Mars Advanced Research Institute (MARI) is a division of Mars examining how developments in science and technology are going to shape the future food system. Dr Abi Stevenson, Mars VP of MARI, told us her unit is ‘looking at those truly next generation...
Target’s food and beverage business grew low double-digits in the second quarter of 2021 thanks in large part to improvements to the retailer’s curbside pickup program, “impressive performance” of “essential” food and beverage sales and the return of...
Unit and dollar sales of frozen food continue to outpace those of total food and beverage as consumers first gravitated to the category during the pandemic for long-lasting options between less frequent store trips, but as mobility increases many continue...
First Bev has acquired a controlling stake in kombucha brand Health-Ade with additional investment from Manna Tree and Vail. Financial terms of the transaction were not disclosed.
PepsiCo wants to become ‘net water positive’ by 2030, meaning the beverage giant will replenish more water than it uses to produce its food and beverage brands.
Grocery retailers and packaged food and beverage brands should brace for another significant shift in consumer shopping habits this month as many families with students returning to in-person school after a year or more of distance or hybrid learning...
For the first time in decades other than for inflation, the US Department of Agriculture is increasing the basis for which it calculates food assistance benefits allotted under the Supplemental Nutrition Assistance Program – a move that will help more...
Oatly’s fill rates – currently at around 70% on a global basis and lower than that in the US – should increase significantly over the next couple of quarters as new capacity comes online, says the oatmilk maker, which claims gross margins will also improve...
Join Noblegen, Plantible Foods, Superbrewed Food, Mattson and Lever VC to discuss the future of protein
Plant-based proteins such as soy and pea continue to dominate the so-called ‘alternative protein’ category, but they’re not the only game in town. New options are now emerging from ‘animal-free’ collagen and whey to a novel set of proteins produced naturally...
While following a climatarian diet that prioritizes foods and beverages made in a way that protects and restores the planet’s health may still be niche, the trend is gaining traction quickly with some researchers and brands predicting environmental sustainability...
Is it misleading to call iced tea containing 24g of added sugar per serving (48% of the daily value) ‘slightly sweet’? Not according to a New York judge, who has just dismissed a putative class action lawsuit vs Coca-Cola over Gold Peak Tea.
While children’s consumption of sugary beverages has fallen in recent years, it still exceeds recommendations in the Dietary Guidelines for Americans with rates remaining stubbornly higher among Black and Hispanic adolescents than white students, according...
Oatly will open its third US production facility - a 280,000sq ft plant in Fort Worth, Texas – in 2023 to meet surging demand for oatmilk, which continues to generate triple-digit growth in the US market.
Calories from ultra-processed foods comprise more than two-thirds (67%) of children's and adolescents' diets, up from 61.4% in 1999, according to researchers from Friedman School of Nutrition Science & Policy at Tufts University.
“Current data indicates that neither food nor food packaging is a pathway for the spread of viruses causing respiratory illnesses, including SARS-CoV-2,” according to a new guidance document from the United Nations' Food and Agriculture Organization...
Roughly a month after appointing former Facebook executive, Fidji Simo as CEO of the company, Instacart has hired another tech veteran to join its leadership team.
