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.

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.

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.

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.

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. 

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.

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.

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. 

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.” 

Leftovers: 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.

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.

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.

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.

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.

From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo

The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.

TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M

The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings.

Cargill exec named IFT board president

Sean Leighton will assume the position as the organization deals with safety issues around items such as cultivated meat and alternative proteins.

Nestlé’s Nespresso thriving as innovation stokes demand

Alfonso Gonzalez Loeschen, the brand’s CEO in North America, discusses the benefits of its DTC model, the effects of inflation and how the platform is responding to young coffee drinkers.

Hormel lowers outlook amid challenging pork and turkey backdrop

Weak prices offset sales volume growth in the third quarter as the food processor struggled with supply chain issues that resulted in a hefty arbitration payment.

Eat Just, maker of plant-based eggs and cultivated chicken, gets a funding boost

The money comes as the company continues scaling in the U.S. and tries to reach profitability.

Leftovers: Planters falls for donuts | Crackers sip on chardonnay

Hormel is debuting Planters Apple Cider Donut Cashews for a limited time, while Idahoan launches new potato shreds in two crave-worthy flavors.

Plant-based sales in food service surge, rebuffing broader slowdown in category

With COVID-19 restrictions over, the space is seeing promise in the food service sector after a pandemic-induced decline.

The ‘shroom boom’ is here but it’s complicated

Health-conscious drinkers are leading the way in adding mushrooms as functional ingredients to their beverages.

Campbell Soup’s move into snacks boosts sales amid flat results in soups and meals

The manufacturer of Goldfish and its namesake soups is aiming to accelerate growth through its purchase of Sovos Brands, the maker of fast-growing Rao’s sauces, for $2.7 billion.

The sticky regulatory landscape of cultivated meat and what to expect next

Attorneys Brian Sylvester and Tommy Tobin outline where regulation is heading and what it means for the major players in the space.