The Latest
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Opinion
Why plant-based meat is not ‘just another fad’
We are too close to unlocking the full potential of food design and the secrets of taste and texture to pull back on the space now, writes Michael Leonard, CEO of food-tech company Motif FoodWorks.
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Egg prices to remain high for as long as bird flu continues, experts say
After prices more than doubled over the past year, producers are grappling with the impact of the virus while politicians and activists call for investigations into potential price gouging.
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How New School Foods uses new ideas to make raw plant-based salmon
The research-focused startup is emerging from stealth with a $12 million seed round it will use to come to restaurants in 2024.
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Halo Top enters baking mix category
The maker of better-for-you treats is launching its first product lines outside the ice cream space after another year of slowing sales for its flagship frozen desserts.
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International flavors and unconventional mashups top Kerry’s taste trends
In the ingredients company’s 10th annual review of up-and-coming flavors across the globe, consumers are hoping to travel with their tastebuds, try unconventional pairings and get spicy in 2023.
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Michroma raises $6.4M to speed commercialization of natural red food color
The company, which ferments bioengineered fungi to produce a pigment, received funds from General Mills-backed Supply Change Capital, Dr. Oetker and CJ CheilJedang.
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Kellogg sees positive results from sustainable rice farming pilot
The cereal giant said the project, focused in the Lower Mississippi River Basin growing area, will inform its approach to other sustainability endeavors.
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Magic Spoon expands retail launch to 6,800 stores
The better-for-you cereal brand, which was only available online until last summer, will be on shelves at Walmart, Kroger and Albertsons, as well as more Target locations.
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Retrieved from Dole.
Dole selling its fresh vegetables division for $293M to Chiquita subsidiary
The fresh produce giant said proceeds from the sale of the division, which generated revenue of $1.28 billion in 2021, will be used primarily to pay down debt.
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FDA will streamline food safety and regulation under a single leader
The shift was recommended by reports and studies on the department's structure, and Commissioner Robert Califf said it will "fundamentally transform" the division.
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Deep Dive
Will 2023 be the year food plays a role in sustainability policy?
Policymakers are starting to connect the dots between the sector — which represents roughly a third of all emissions — and climate change. But traditional ideas about food are hard to change.
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New Tindle chef-curated meal kits elevate the plant-based meat experience
The kits, available on Goldbelly, are part of a massive global consumer expansion of Next Gen Foods’ signature chicken analog product.
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Oatly debuts carbon footprint labeling on U.S. products
The oat milk maker, which first added the labels in Europe, said it aims to educate consumers and spur other companies to provide transparency about their emissions.
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Deep Dive
Food companies say they can reduce their emissions this year. Experts are skeptical.
Academics and environmental groups say CPGs’ reliance on regenerative agriculture and carbon credits may not be enough to realistically hit their time-based goals.
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Unilever taps Royal FrieslandCampina head as new CEO
Hein Schumacher takes the helm of the CPG giant in July. Alan Jope announced his retirement in September.
Updated Jan. 30, 2023 -
Retrieved from Danone.
Danone exploring options, including a sale, for US organic dairy business
The review includes the Horizon Organic and Wallaby brands, which represent 3% of the company’s global revenues and have been a drag on growth and margins.
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Column
Leftovers: Hormel brings chili cheese beer to the Super Bowl party; Dolly Parton adds to her baking line
The craft lager made in partnership with Modist Brewing Co has a “chip-like” base, spices and cheese powder; and Sara Lee mixes vegetables into white bread.
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Coca-Cola extends its Simply juice brand into mixers
Simply Mixology joins similar offerings from PepsiCo and Keurig Dr Pepper as nonalcoholic beverage companies make inroads into alcohol mixers and mocktails.
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FDA food safety chief Frank Yiannas resigns
The announcement of his departure comes days before Commissioner Robert Califf is set to issue a response to a report recommending an overhaul of the agency’s food division.
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Meati’s Mega Ranch opens, increasing its scale for a national launch
Production at the 100,000-square-foot mycelium meat analog fermentation plant will equal that of a traditional cattle farming facility, pound for pound, the company said.
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(2023). "Appendix A - FOP Focus Groups Schemes" [Illustration]. Retrieved from FDA.
FDA plans consumer study on front-of-pack labeling
Research announced in the Federal Register this week will likely show 3,000 consumers different options and examine their understanding and reactions.
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BetterSeeds creates GMO cowpeas to replace soy
The Israeli company’s bioengineered plant could stand up straight and be harvested just like the commodity oilseed crop, which is harder to grow in hotter, drier conditions.
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Vita Coco’s reinvention: How reassessing its customer base is paying off
The New York company has watched its sales and marketing soar as consumers gravitate toward its better-for-you offering and industry giants such as Coca-Cola exit the category.
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Tyson CFO pleads guilty to trespassing, intoxication charges: report
John Randal Tyson, great-grandson of the meat company’s founder, was initially arrested in November.
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7 in 10 food and beverage execs anticipate revenues rising in 2023: survey
Product expansion and innovation is top of mind, leaders told Marcum LLP, with 72% indicating it is their main business strategy going forward.