Archives for February 26, 2021

'No longer a niche, experimental, and risky sector': Agrifoodtech pulls in $26.1bn in 2020

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.

Popularity of frozen food rises as brands improve ingredient decks, consumers seek convenience, long-shelf life

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...

'When these restaurant chains move, the entire food industry takes notice...'

Beyond Meat ties up with McDonald's, Yum! Brands, gears up for launch of '3.0' platform: 'When people grab a plant-based burger, they assume it's going to be healthier'

In a clear signal that plant-based meat is hitting the mainstream, Beyond Meat has announced global partnerships with two of the biggest players in fast food: McDonald’s, and Yum! Brands (KFC, Taco Bell, Pizza Hut), a month after striking a deal with...