Eat Beyond Global Holdings, a public investment issuer focused on the global plant-based and alternative food sector, has made an investment in CPG life science company SIRE Bioscience.
Sales of functional beverages are rebounding and have a bright future despite the pandemic shutting down for most of 2020 in-person impulse purchases and food service sales which previously drove the category’s fast growth, according to market research...
With a new puffs line in several points of distribution, a line of baking mixes in the works, and plans to convert oat milk byproduct into finished product applications later this year, ReGrained is building a case for the mainstream viability for upcycled...
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...
Oishii, a vertical farm growing Japanese omakase strawberries with 2-3x the sweetness of conventional US-grown strawberries, has closed $50m in Series A funding led by SPARX Group to scale its business for mass market consumption.
As more local governments mandate “hazard pay” increases for some grocery store employees, more retailers are shuttering “underperforming” stores that can no longer financially sustain increased costs associated with operating during the pandemic.
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),...
The sparkling water category may seem crowded with products made by CPG giants and offerings from smaller, independently-owned brands, but the reality is that sparkling water is still just a small piece of the overall carbonated beverage category, says...
With today’s launch of a line of ready-to-eat frozen Smoothie Bowls, KIND Healthy Snacks promises to shake-up the fast-growing $3.7b frozen breakfast category while also diversifying its portfolio beyond the on-the-go bars with which it made its name...
Nestlé USA has acquired premium alkaline water brand, Essentia Water, for an undisclosed sum to expand its presence in the premium, high-growth functional water category.
A year after the initial shock of the coronavirus pandemic caused many to hit the brakes on new deals, mergers and acquisitions in the food and beverage space not only have rebounded but exceeded expectations – making 2020 a record year for consumer deals...
Even as consumers seek ingredients that promise to boost their immunity, reduce their stress and support their well-being, sales of functional foods and beverages were held back in 2020 compared to organic due to shifting shopping preferences away from...
Danone's Board of Directors has confirmed a proposal from current chairman and CEO, Emmanuel Faber, to separate the functions of chairman and CEO in the near future, and has begun looking for a new CEO.
Customer satisfaction with the retail sector has hit a low point across most channels particularly supermarkets and online retail hit where consumer sentiment dipped to a five-year low, according to the American Customer Satisfaction Index’s (ACSI) Retail...
As the ongoing pandemic accelerates consumer interest in the role of nutrition in wellness and underscores the supply chain’s fragility, the investors at Manna Tree Partners are looking for at least three growth stage companies that are revolutionizing...
Maple Leaf Foods will continue to invest heavily in plant-based protein, including renovating and relaunching two of North America’s “best-known and most-loved” brands Lightlife and Field Roast, although the division fell far short of company targets...
A sharp increase in the Consumer Brands Association’s membership in 2020 underscores how the trade group’s “pro-consumer, pro-growth agenda” is helping it regain the trust and support of the CPG industry, including some companies that left the organization...
Using funding from its recent $87m Series D capital raise, indoor agriculture company Gotham Greens has expanded operations to Northern California – its first West Coast greenhouse location – opening a 10-acre facility, which will bring its total annual...
Formed last year, LIVEKINDLY Collective had made its US retail debut at Sprouts Farmers Market locations nationwide where it has launched several products from its plant-based foods portfolio, including Like Chick'n from LikeMeat and The Fry Family...
Before the pandemic, few Americans prepared lamb and those who did tended to reserve it for special occasions, but shortages of traditional proteins last spring pushed more people to try it for the first time, and now, nearly a year later sales of lamb...
2020 was a breakout year for 'agrifoodtech' companies as the sector attracted over $26.1bn worldwide in investment, a 34.5% increase from 2019, according to global venture capital firm AgFunder's 2021 investment report.
After languishing for years, frozen food is emerging as a powerful growth driver for retailers and CPG brands in part because its long shelf life and convenience fit well with pandemic living, but also because companies like ConAgra have proactively reimagined...
JM Smucker will lose an undisclosed number of North American employees as it continues to reshape its portfolio and corporate organization to better align with evolving consumer demands and ongoing SKU rationalization by retailers, executives confirmed...
On a crusade to make buckwheat "cool" -- which has taken strong digital marketing efforts to educate the consumer in a demo-less landscape -- founder of sprouted buckwheat brand Lil Bucks, Emily Griffith, has made the leap from shared kitchens...
Vertical indoor farming company Kalera has acquired Vindara Inc., a company developing non-GMO seeds specifically designed for use in vertical indoor farm environments.
Wild Tonic Jun Kombucha (fermented from honey and green tea instead of traditional cane sugar and black tea) is banking on several growth trends in the kombucha category this year including its refreshed slim cans and expanding line of hard kombucha.
Most startups have more questions than funding, which means when they come across something they don’t know they lose time, resources and occasionally their businesses finding the answer the hard way – but a new program from the food brand builders at...
Pacific Northwest hydroponic vertical farming startup Forward Greens is deploying what CEO and founder Ken Kaneko believes is an easy to replicate, scalable, and financially sustainable business model for the booming indoor vertical farming industry....
While Coca-Cola Co. is eager to restart innovation in 2021 after pulling back in 2020 to accommodate supply-constraints and heightened retailer demand for best-sellers, it is doing so with a shorter leash on experimentation and higher bar for financial...
Less than a year after taking the helm at Clif Bar & Co., new CEO Sally Grimes is spearheading the company’s first transformation in 30 years with an ambitious goal to double its business to $2 billion and double its positive impact on the world....
Food allergy advocacy group, FARE (Food Allergy Research & Education), has launched an action plan to broaden treatment, care, and education about food allergies, addressing systemic inequities when it comes to accessing these resources.
Upcycled foods and beverages made from ingredients traditionally not consumed by people are gaining popularity with consumers seeking more sustainable diets – creating a fast-growing market opportunity estimated to be worth more than $46 billion, which...
Walmart generated a record $152.1bn in sales, an increase of $10.4bn or +7.3%, in Q4 (13 weeks ended Jan. 29, 2021). Looking towards FY22, the retailer said it will be investing heavily in its “next generation business model” to fuel further growth.
Founders of Harmless Harvest, Justin Guilbert and Douglas Riboud, are aiming to take the success and consumer demand they built for sustainable and ethically-produced coconut water, and apply it to the salty snacks category with a brand of upcycled, crispy...
Hydroponic lettuce grower Little Leaf Farms has raised $90m in a recent funding round led by Equilibrium Capital to fully fund its East Coast expansion and build out new greenhouse sites in the region.
At the Consumer Analyst Group of New York 2021 conference yesterday, General Mills unveiled a four-prong strategy to “accelerate” its net organic sales growth 2-3%, expand mid-single-digit margins and deliver mid- to high-single-digit constant currency...
The functional beverage consumer and their purchase motivations are just as diverse as the functional beverage category itself, which encompasses everything from sports drinks and energy drinks to ionized/alkaline water and nutrient-infused coffee, says...
The number of Americans buying groceries online nearly doubled in 2020 as they looked for ways to safely stock their pantries during the pandemic, and while some will return to in-store shopping when it is safe, “a strong contingent” say they will continue...
The co-founders of the fast-growing banana-based Hakuna Banana and oat-milk based Totes Oats nice-cream brands are bringing their better-for-you pints and bars under the new umbrella brand Must Love to better communicate the company’s core values, leverage...
Rule Breaker Snacks, an allergy-friendly snack brand featuring chickpeas as its star ingredient, has secured a minority investment from Bimbo Ventures, the venture capital arm of global baking company Grupo Bimbo.
As the second largest employer in the US (with 800,000 employees working in the US), Amazon is offering up to $80 to its front-line workforce who receive both doses of the COVID-19 vaccine.
While the nut butter category has evolved dramatically in recent years - with JIF and Skippy now competing with everything from almond and cashew butters to sunflower seed, mushroom, and chickpea butters - the jams and jellies category doesn’t look wildly...
Whether or not you believe in climate change or the food industry’s contribution to the greenhouse gasses wrapping the earth and changing weather patterns, plenty of consumers do, and they increasingly are buying products based on their environmental...
As coronavirus continues to thwart businesses' best-laid plans, New Hope has decided to take Expo West – its annual trade show in Anaheim, California – virtual this spring, in the wake of “government restrictions, anticipated timelines around re-opening...
Kraft Heinz has ended 2020 on a high note reporting a 6.2% increase in organic net sales and a 27% lift in household penetration in Q4, driven by significant gains in Ketchup, Lunchables, and Ore-Ida.
