The Latest
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Permission granted by Mondelez International
Mondelēz quietly winds down brands it created in its SnackFutures VC arm
The snacking giant said it no longer sells Dirt Kitchen and CaPao, with the venture capital division shifting its focus to investing in already established startups.
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Permission granted by Vericast
Sponsored by VericastThe power of printed circulars: Fueling multichannel success in reaching today’s consumers
Dive into the resurgence of print circulars and the secret to captivating today's consumers.
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Courtesy of Goodles
Goodles refreshes leadership as it brings in $13M in Series A funding
The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.
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Pierre Crom via Getty Images
Dairy industry teams with cybersecurity group to beef up defenses
As cyber crimes become more prevalent, the International Dairy Foods Association joins other food companies in efforts to share information and bolster protections.
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Courtesy of Kellogg
ColumnLeftovers: Pop-Tarts flips for pancakes | Somos debuts ready-made burrito kits
The Kellogg-owned brand is fulfilling breakfast cravings with its latest toaster treat flavor, and Kentucky Coffee is entering the RTD cocktail category with three flavors of whiskey-infused Hard Cold Brew.
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Courtesy of BioSteel
Canopy Growth’s BioSteel sports drink files for bankruptcy as cannabis firm looks to save cash
While the beverage has been growing rapidly and remains “an attractive asset,” Canopy’s CEO said it does not align with his business’ asset-light strategy.
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Permission granted by Hain Celestial
Hain Celestial to restructure business to boost growth, generate millions in savings
The changes mark the first major shakeup to the organic and natural products maker since CPG veteran Wendy Davidson took the helm as CEO in January.
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PaulMoody123 via Getty Images
At-home consumption, ready-to-drink momentum driving canned beverage trends
“The industry really is different than what it was just a few years ago. We’re seeing a difference in how consumers are behaving,” said one leader at Crown Holdings.
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Courtesy of Bacardi
Bacardi buys Ilegal to capture premium mezcal market
The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.
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Permission granted by Pureture
Alternative protein company creates first of its kind plant-based casein
Pureture wants to become an industry leader in mimicking both the nutritional and functional value of animal-based dairy products, such as cheese and milk.
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Courtesy of Upside Foods
Upside Foods announces first large-scale production plant: Rubicon
The cultivated meat maker selected the Chicago metro area as home for its next phase of growth.
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Permission granted by Kraft Heinz
Kraft Heinz debuts a pouch that makes a microwaved grilled cheese crispy
The technology, part of a broader push at the CPG giant to boost innovation, will first appear in Lunchables before making its way to three other brands.
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Courtesy of Coca-Cola
Coca-Cola launches beverage created with the help of artificial intelligence
Coca-Cola Y3000 is the latest flavor to launch under the company’s Creations platform designed to highlight its signature soda while drawing in younger consumers.
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Courtesy of Molson Coors
Molson Coors boosts its investment in Zoa Energy
The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.
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Retrieved from BioBetter on September 12, 2023
BioBetter opens molecular farming plant using tobacco to help grow cultivated meat
The Israeli startup created a manufacturing platform for producing growth factors using tobacco plants as self-sustained, animal-free bioreactors.
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Justin Sullivan via Getty Images
What Biden’s cannabis rescheduling review could mean for food and beverage
Analysts said the administration’s recommended update will not spur greater availability of items, even as demand for the products continues to grow.
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Scott Olson via Getty Images
JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B
The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience.
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Courtesy of Vanguard Renewables
Danone joins corporate alliance to turn food waste into renewable energy
The dairy giant and other industry leaders are partnering with Vanguard Renewables to mitigate climate impacts by using anaerobic digesters on dairy farms.
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Courtesy of Plant Based Foods Association
Taste trumps all in plant-based consumption, study finds
Shoppers who regularly buy groceries in the category represent a lucrative segment and are also frequently repeat customers in the space, a report from FMI said.
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Courtesy of Eat Just
Eat Just’s Good Meat division fails to pay $30M worth of invoices
While it’s unknown why the cultivated meat company did not make the payments as ABEC claims, a source said the two sides are working to reach a settlement.
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Retrieved from BodyArmor.
Coca-Cola to sell BodyArmor outside the US for the first time
The sports drink’s CEO said the launch of the beverage in Canada in 2024 is “just the start of our expansion to new countries and consumers.”
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Retrieved from By Chef Ramsay on September 08, 2023
ColumnLeftovers: Gordon Ramsay debuts frozen meals | Banza brings chickpeas to breakfast
The celebrity chef is entering the freezer aisle with premium entrees, and Nestlé embraces nostalgia with a PB&J-flavored Coffee mate creamer.
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Courtesy of PepsiCo
PepsiCo brings hydration juggernaut Gatorade into water
The electrolyte-infused beverage, which was developed by the CPG giant to help support all-day hydration, will start hitting shelves in 2024.
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Prostock-Studio via Getty Images
Ofi combines cocoa with Asian flavors using AI
The company said the technology helped identify trends from Eastern cuisines — such as miso, yuzu and chili — that can be incorporated into confectionery applications.
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Permission granted by PepsiCo
PepsiCo’s Muscle Milk flexes into plant-based category
The offering allows the brand, with nearly half a billion in sales annually, to participate in a category that consumers are turning to more frequently throughout their day.
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Courtesy of Tindle Foods
Behind the Tindle Foods rebrand and new product launch
Co-founder and CEO Andre Menezes says the brand “holds itself to a very high standard,” and is focused on launching products with clean ingredients.
