News & Analysis on Food & Beverage Development & Technology
Kraft and General Mills have both announced the launch of dozens of new products for the New Year, with Kraft’s line-up including a strong focus on customizable foods, and General Mills emphasizing the growing influence of multicultural consumers.
US food giant Kraft says it hopes that more states are allowed to follow the lead of Maine and Vermont and allow heavier 97,000-pound trucks on interstate roads, although opponents fear safety issues.
A US Federal judge has accepted Cadbury’s $1.3m (€995,863) offer to settle in class action lawsuit over its alleged part in a suspected chocolate price fixing scandal also involving Nestle, Hershey and Mars.
Flavor ingredient company Treatt has expanded its From the Named Food (FTNF) range of flavors with a black tea flavor and a hibiscus flavor, the company has said.
General Mills profits fell 27.5% in its second quarter results as the company said it was eyeing investment in China to improve its fortunes.
M&A activity increased by over a third in the past year, as food and beverage companies looked for new growth opportunities both at home and in new markets. FoodNavigator-USA looks back at some of the biggest deals of the year.
Korean food is likely to have a major influence on flavor trends in the year ahead, along with Greek and Cajun cuisines, according to Bell Flavors and Fragrances.