Like other meal kit companies, Hello Fresh saw active customers, number of orders and as a result revenue drop in its second quarter ending June 30, but unlike some competitors – notably Blue Apron – its margins held strong thanks in part to disciplined...
Meal kit pioneer Blue Apron expects to return to profitability by the second quarter of next year after a post-pandemic decline in demand caused its revenue and margins to tumble – pushing it to adopt an “asset-light” model in which it handed off manufacturing...
The online grocery channel is facing several headwinds in 2023, as macro-economic factors are influencing where and how consumer shop, Gen Z consumers become weary of tech, and two key market players - Walmart and Amazon - intensify their rivalry, Matthew...
As new research from HelloFresh reveals one in five consumers throw away perfectly safe and edible food because they rigidly follow date labelling, HelloFresh is urging the EU and UK to revise rules to allow innovative time-temperature indicators to minimize...
Flashfood’s State of Food Waste Impact report underscores the link between food waste and food insecurity in the midst of inflation-driven grocery prices and shifting food policies surrounding SNAP benefits and accessibility.
Cult Foods, an investor of cellular agriculture technology and products, and Peqish Food Co., a ready-to-eat culinary medicine food brand, are joining forces to develop and commercialize cellular agriculture food products within the medical foods framework.
Kraft Heinz’s recently launched HomeBake 425/:30 enters the frozen convenience category while playing to rising nostalgia for comfort foods like chicken parmesan, homestyle mac & cheese and cheesy broccoli.
Conagra Brands solid growth and margin recovery in its third quarter reflects its strategic success of “moving past discrete supply chain disruptions and prioritizing productivity and value over volume,” CEO Sean Connelly said during the company's...
Between Americans’ hectic on-the-go lifestyles pre-COVID, the pandemic prompting everyone to hit pause followed by hybrid work schedules, inflation rates at 40-year highs, and increased expectations that food not only nourish the body but also the soul,...
Researchers are calling on clinicians and the healthcare system to screen for food insecurity and better promote food access programs after discovering that Americans with limited or uncertain access to adequate food is on the rise and they are more likely...
Kroger-owned meal kit company Home Chef is expanding its southeast footprint with a new dedicated 181,000-square-foot production facility in Georgia to support its growing customer base.
Baby and toddler food brand Yumi is making its retail debut at Target stores nationwide with a new line of products addressing a market void for nutritious toddler-focused snacks.
A decade after Blue Apron pioneered the US meal kit market, more than half of Americans have yet to try the service from any vendor, despite dozens of additional players now in the space – a missed opportunity that the company wants to seize with a new...
Better-for-you frozen foods brand The Real Good Food Company is on course to hit between $140m and $150m in net sales by the end of the year with a long-term goal of becoming a $500m brand, owing to a new production facility coming online this month and...
Despite the continued hype around meat alternatives and a growing flexitarian lifestyle trend, meat is still the protein of choice for most consumers, argues Jonna Parker, principal, fresh foods at IRI.
Through a combination of rapid innovation, investing in growth platforms, ongoing “prudent” M&A and strategic paring down of labor and factories, Nestle is on track to deliver solid mid single-digit organic growth in 2022 and into the foreseeable...
While meal kit demand surged during COVID-19, many consumers still aren't sold on the idea of a meal subscription and players in this space should embrace the full potential of e-commerce to become "true online grocery retailers" by providing...
Splendid Spoon, a direct-to-consumer 'no prep' fresh meal delivery service, has closed a $12m Series B funding round to fuel its expansion into new product categories, explore new channels, and further personalize its customer experience, said...
Former better-for-you frozen food brand Luvo’s mission to make eating nutritious meals easy and delicious lives on under new leadership in the recently rebranded and repositioned Performance Kitchen, but with a narrower focus – for now – on the insurance...
Taking the helm as CEO of prepared foodservice company Revolution Foods late last year, Dominic Engels will lead the company's next chapter of growth, which includes expanding its footprint into new channels and continuing to create healthy and "culturally-relevant"...
In the ten years since HelloFresh launched and helped pioneer the meal kit category, the company has evolved to offer consumers more of what they want – convenience, diversity and sustainability – and in doing so is capturing larger orders and a greater...
On a long-term mission to become the world's leading food solutions group, HelloFresh continues to register strong year-over-year growth in revenue and in key performance metrics including order rates, and active customer acquisition.
Online grocer Imperfect Foods is now a Certified B Corporation (B Corp), underscoring the brand's commitment to sustainability and transparency in the food supply chain.
The tide appears to be turning for direct-to-consumer subscription boxes, including for food and beverage, with consumer interest dropping dramatically in 2021 compared to last year when the pandemic pushed many people to try the services as a safe and...
Lightlife will debut its new plant-based, whole-muscle chicken product exclusively in the prepared foods section in Whole Foods Market locations this month, making parent company Greenleaf Foods the exclusive plant-based chicken provider for all Whole...
When I began studying organic food consumption in the early 2000s, I remember one of the first problems I encountered was a misperception among prominent public firm executives.
Most Americans' idea of Mexican cuisine is limited to cheese quesadillas, greasy nachos, and overstuffed burritos, argue the founders of a new brand called SOMOS ('we are' in Spanish), which is challenging this common consumer perception...
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,...
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...
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.
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...
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...
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.
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.
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?
Wicked Kitchen – a plant-based brand developed by chefs and mushroom enthusiasts Derek and Chad Sarno that has been a hit in the UK – is hoping to make a bigger splash this side of the Atlantic after securing $14m in a Series A round co-led by Unovis...
Natural and organic brands catering to alternative eating styles and combining better nutrition with convenience are shifting consumer perceptions of frozen to boost purchase intent and sales that could outlast the pandemic pantry stocking surge of 2020,...
The FDA is looking at how shifting shopping habits during the pandemic, including the rapid adoption of e-commerce to buy groceries and prepared food, may have “reinforced and accelerated” the need for new measures to ensure products are safe through...
Meal kit brands Hellofresh and Blue Apron have both posted strong Q1, 2021 sales figures this week, with Hellofresh attracting a million new customers during the quarter vs the same period last year, while loss-making rival Blue Apron gained a more modest...
While only a small percentage of consumers qualify as “cooking enthusiasts” and an even smaller number could be considered “confident cooks,” these two groups represent an outsized opportunity for retailers, meat processors and CPG brands looking to hold...
Territory Foods, a fresh-prepared direct-to-consumer (DTC) meal delivery service that partners with local chefs to create flavorful nutritionist-designed dishes, has closed a $22m funding round led by US Venture Partners.
A new early-stage venture capital fund sees significant upside for financing food and beverage startups that may be too small for many other VC investors, but which in a few years could help meet “pent up demand” for innovation from large CPG players...
Marking its largest single fundraise to date, Eat Just Inc. has closed $200m in new funding led by a group of global investors to drive growth and capacity of JUST Egg and GOOD Meat Cultured Chicken.
Product availability and lower prices will edge out customer safety as top priorities for most grocery shoppers after the threat of COVID-19 subsides thanks to increased access to coronavirus vaccinations and heard immunity, suggests new research from...
With the pandemic’s impact on the economy and food insecurity in America expected to outlast the threat of the current coronavirus, stakeholders are calling on legislators to rethink how food and funds through nutrition programs are disbursed – changes...
USDA’s announcement this week to extend free school meals through the summer – and possibly the end of the next school year – ensures students are fed even if pandemic-related safety measures keep them at home, but it doesn’t alleviate increased financial...
RightRice has launched its newest innovation in the rice category, RightRice Risotto, a veggie-based product line that is dairy-free using just water while achieving the same level of creaminess the well-known rice dish is known for (in under 15 minutes),...
Selling direct-to-consumer (DTC) online has emerged as a favorite go-to-market strategy for emerging brands launching during the pandemic, and while it can offer better margins, a more intimate connection with shoppers and flexibility around pricing and...
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