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.
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...
Plant-based foods co Nabati Foods – which is based in Edmonton, Canada, with a US HQ in Seattle - has launched a plant-based liquid egg product (Nabati Plant Eggz) at Nabati.ca, that will soon roll out at Sobeys in Quebec, and at Whole Foods across British...
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.
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...
Pandemic-related limitations on key resources, from essential ingredients to packaging to labor, continue to challenge food and beverage manufacturers, and while pressures may ease in one area they simultaneously increase in another – elevating the need...
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...
Best known for renovating the cottage cheese category with a clean-label alternative free from additives and made with milk from pasture-raised dairy cows, Good Culture has its sights set far beyond the $1.2bn cottage cheese category to become a fermented...
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.
Recruiting and maintaining top talent in the food industry was difficult long before the coronavirus outbreak, but for many retailers and manufacturers labor challenges have intensified during the pandemic as the type of work, where it takes place and...
BrightFarms has been acquired by Cox Enterprises, accelerating the hydroponic indoor farming company's mission of bringing leafy greens to more households throughout the US.
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...
Growing plant-based frozen food brand Tattooed Chef is “firing on all cylinders,” said president and CEO Sam Galletti, as the company exceeds its distribution goal of 10,000 stores and surpasses $50m in revenue in Q2.
Just as the term “all-natural” has lost much of its healthy-image luster over the years, the claim of “plant-based” also may be at risk of losing some of its better-for-you significance with consumers, according to Mintel research.
Closing out the first half of 2021, HelloFresh reported a year-over-year 83.7% increase in the number of active customers using the meal delivery service worldwide, as well as the continued global expansion of its business in new and existing markets.
Strong Roots is experiencing and witnessing a fundamental consumer shift towards frozen food that has reshaped the way many households eat, claims founder and CEO Sam Dennigan.
Post Holdings is experiencing a reversal of growth trends across its business, in which its foodservice unit is driving most of the recent sales momentum, compared to one year ago when its retail business was experiencing unprecedented growth.
Impossible Foods has appointed former San Francisco Giants' chief people officer, Leilani Gayles, as the company’s new chief people officer and technology industry veteran, David Borecky, as its chief financial officer.
The premium ice cream business can be pretty brutal – just ask Three Twins, Clemmy’s and Ample Hills – with regional brands now slugging it out with multinationals and a flurry of VC-backed startups in a market offering a bewildering array of options...
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.
Lifeway Foods, best known for its kefir products, announced the intent to acquire certain assets of California-based GlenOaks Farms for $5.8m this week, expanding the company's position in the drinkable dairy space, says CEO Julie Smolyansky.
It's hard to imagine what began as a family pancake recipe, which co-founder Joel Clark would sell to neighbors in brown paper bags from a little red wagon as an 8-year-old, would become a $200m business selling a growing portfolio of better-for-you...
Closing out the first half of 2021 and using pre-pandemic 2019 as a measuring stick for its growth, Kraft Heinz CEO Miguel Patricio says it has made fundamental progress in its transformation agenda.
Meal kit company Blue Apron has lost some of its steam in customer retention, losing 21,000 customers in Q2 2021 compared to the same period last year, but says other key performance metrics including average order value and average revenue per customer...
PepsiCo’s sale of a majority stake of its North American juice portfolio to private equity firm PAI announced this morning is the latest in a string of high-profile beverage sales that reflect shifting industry and consumer priorities, including pressure...
As difficult as navigating shifting consumer demand and strained supply chains was immediately following the coronavirus outbreak in early 2020, the hardest part may still be ahead for the food and beverage industry as the uneven recovery and ongoing,...
Continuing to benefit from elevated at-home consumption of its core chocolate brands and growing snacks business, The Hershey Company reported $1.99bn net sales for Q2 2021 (12 weeks ending July 4, 2021) an increase of 16.5% compared to Q2 2020.
Online product delivery platform Gopuff, which delivers thousands of household products from snacks to alcohol from its hundreds of micro-fulfillment centers, has secured $1bn in new funding, raising the company's evaluation to $15bn.
For many women, eating and cooking at home every day during the pandemic has been a double-edged sword that offered them more time with family and control over their diet, but also added a burden that left many women feeling unsatisfied – opening the...
Albertsons is willing to entertain a second round of price increases “where warranted and legitimate” as several CPG brands continue to struggle with mounting inflationary pressures that have exceeded their expectations and outstripped any cushion introduced...
Mondelez International raised its full-year organic revenue guidance to 4% from 3% on Tuesday after net revenues climbed 12.4% to $6.64bn in the second quarter thanks in part to increased mobility buoying categories hit hard by the pandemic and ongoing...
Fresh off of closing its $18m Series D funding round, California-based Urban Remedy will use the funds to ramp up marketing, innovation, technology, and new team hires to reach more consumers with its ultra-fresh, nutrient-dense meals, bars, and juices....
Meal kit company HelloFresh is one step closer to becoming a one-stop-shop with the launch of its online store, HelloFresh Market, offering consumers everyday food essentials from snacks to spice blends.
A brand described as “only slightly more appealing than an IV bag” by one uncharitable observer when it first gained a cult following among Silicon Valley programmers as a powdered meal replacement, Soylent has steadily evolved its format, product line...
US retail sales of packaged tea have been sluggish in recent years, with Nielsen data* showing a flat market until 2020, when covid prompted a 16.8% surge, before everything slowed back down again. Celestial Seasonings, however, has maintained double-digit...
The nascent allergen introduction category is gaining credibility, visibility and reach with retailer Target creating in select stores a dedicated section of products that help caregivers conveniently and safely follow clinical guidelines to introduce...
Agtech company AppHarvest has secured a $91m financing arrangement with sustainably-focused investment firm Equilibrium Capital to fuel the future construction of 12 high-tech indoor farms by 2025.
Santiago-based food tech company NotCo has raised $235m in a Series D round led by Tiger Global and supported by DFJ Growth Fund, ZOMA Lab, athletes Lewis Hamilton and Roger Federer, and musician and DJ Questlove, taking its cumulative funding to $350m...
As many food and beverage companies face the pressure of increased costs to manufacture and transport their products, consumers have also reported feeling the impact inflation is having on their grocery bills.
Kentucky-based, tech-powered indoor farming company, AppHarvest, is bringing in tech industry veteran Mark Keller as SVP of its software applications platform.
Sourdough bread and stretchy pants may have been all the rage during the early days of the pandemic, but as vaccines become more prevalent and US consumers begin to reemerge from lockdowns, they increasing are turning to keto-bread and other low-carb...
Should the food industry always yield to consumer demands, especially when those demands can be conflicting and at odds with other values, such as sustainability and environmental impact?
Consumers’ intense focus on healthy eating and immunity-boosting foods is beginning to wane as more people become vaccinated, creating space for more indulgence and a back-to-basics approach to food, according to Mintel data.
Entering into the second half of 2021, Unilever said it will accelerate pricing across its product portfolio to offset the rising costs of transportation and commodities such as soybean oil.
Wander around leading UK food retailers and you’ll see aisles of fresh prepared meals, soups, salads and desserts, dominated by private label. So, will the US market move in the same direction?
Frustrated by the current “wild west” that the CBD market has become, the Consumer Brands Association is calling on FDA to establish and enforce a federal regulatory framework for CBD products and is throwing its support behind Democratic Oregon Sen....