Food Tech: Page 3
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What keeps Impossible Foods’ CEO up at night?
Peter McGuinness, who has helmed the meat alternative maker since last April, says there is nothing but opportunity for the plant-based category — but companies need to take advantage of it.
By Megan Poinski • June 21, 2023 -
Impossible Foods’ heme patent will be reviewed in dispute with Motif FoodWorks
The Patent Trial and Appeal Board found the biotech ingredients company has a “reasonable likelihood of prevailing” on one of its claims, but will let three of the plant-based meat company’s other patents stand.
By Megan Poinski • June 21, 2023 -
Explore the Trendline➔
Wayhome Studios
TrendlinePlant-Based Dairy is Maturing, Booming and Full of Opportunities
As numerous plant-based dairy alternatives continue to enter the market and prices fluctuate, consumer interest is creating a dynamic shift in the consumption of dairy and alternatives.
By Food Dive staff -
Sponsored by The Ibotta Performance Network
Ibotta launches 3x ROAS guarantee
Reach platforms with 120M+ shoppers across the Ibotta Performance Network. 3X ROAS guaranteed.
By The Ibotta Performance Network • June 20, 2023 -
Eating your way to sleep? CPGs are keeping a close eye on sleep-inducing food products
Late-night meals are a way to boost sales by creating a fourth meal that follows dinner and appeals to a tired nation.
By Alexandra Frost • June 20, 2023 -
The age of disruptive products is over, Rabobank report says
Companies are focusing on more incremental innovation as investment capital tightens up and consumer appetite for new things has been lacking.
By Megan Poinski • June 16, 2023 -
Impossible Foods hires industry veterans to head science and supply chain
Sunil Chandran, formerly head of science and R&D at Amyris, will lead the plant-based company’s scientists. Rob Haas, who spent decades at AB InBev, will be in charge of sourcing, manufacturing and logistics.
By Megan Poinski • June 16, 2023 -
Race for regulation of cell-based meat
USDA approves ‘cell-cultivated chicken’ label
The federal government’s first decision on what to call poultry made of cells grown in bioreactors will apply to products from Upside Foods and Eat Just.
By Megan Poinski • June 14, 2023 -
AeroFarms files for Chapter 11 bankruptcy protection
The news comes as the indoor agriculture sector has seen a loss of funding in recent years, following sky-high initial costs of production and weakened venture capital interest across the food industry.
By Chris Casey • June 12, 2023 -
Derek Jeter invests in Meati Foods
The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its steak and chicken analogs to stores nationwide.
By Megan Poinski • June 12, 2023 -
Marcus Samuelsson partners with cultivated meat maker Aleph Farms
The acclaimed chef and TV personality has invested in the company and plans to serve its steak made from cells at U.S. restaurants once it gets regulatory approval.
By Megan Poinski • June 7, 2023 -
MyForest Foods gets $15M investment and new CEO to continue growth
The funds, which came from parent company Ecovative Design, will be used to drive the further expansion of mycelium bacon and other products.
By Megan Poinski • June 6, 2023 -
Quorn partners with Prime Roots to help its expansion
The U.K. company that pioneered mycelium for food also invested an undisclosed amount in the deli meat alternative maker.
By Megan Poinski • June 5, 2023 -
Opinion
An industry case for the flexitarian diet and shelf-stable plant-based foods
By infiltrating an entirely new sector, companies can experience an increase in sales, recognition and retailer distribution, according to Gregory Banzon, chief operating officer of Century Pacific Food.
By Gregory Banzon • June 5, 2023 -
How Givaudan aims to get ahead of future food trends with AI platform
With its new “futurescaping” technology for food and beverage applications, the ingredient company aims to blend artificial and human intelligence to predict upcoming shifts in consumer desire.
By Chris Casey • June 1, 2023 -
No yolk: Yo Egg sets its sights on a chicken-less egg industry
The company making plant-based poached eggs is working to replicate the function, taste and nutrition of the breakfast staple at a lower cost to both consumers and the environment.
By Megan Poinski • June 1, 2023 -
Kellogg’s CIO lays out IT roadmap for company split
The food manufacturing giant will become two separate companies by the end of 2023. That shift brings along technical challenges — and some potential upsides.
By Roberto Torres • June 1, 2023 -
VC funding for food and beverage plunging amid challenging environment, data shows
During the last four quarters, the amount of money raised and the number of deals have fallen significantly compared to the same period the year before, according to PitchBook.
By Christopher Doering • May 31, 2023 -
Upcycled Foods Inc.’s chief innovation officer aims to unlock ‘treasure’ in spent ingredients
Lara Ramdin said her company sees a burgeoning marketplace for reused items such as leftover grain from beer making, cacao fruit syrup and coffee leaves.
By Chris Casey • May 24, 2023 -
DouxMatok rebrands to Incredo LTD as it raises $30M
The Israeli company also announced a joint development agreement with Ferrero, which could provide many big opportunities for the sugar reducing ingredient to show its capabilities.
By Megan Poinski • May 24, 2023 -
Wicked Kitchen buys plant-based raw fish maker Current Foods
The all-stock deal is the CPG company’s second alternative seafood acquisition in eight months, and broadens its holdings in an area primed for growth.
By Megan Poinski • May 23, 2023 -
Beyond Meat launches smash burgers in foodservice
The new offering brings a plant-based version of the trendy thin and deeply flavored burgers to operators nationwide.
By Megan Poinski • May 19, 2023 -
ADM joins with Air Protein to make meat analogs out of thin air
The agribusiness giant previously invested in the startup, which uses NASA science from the 1960s to turn carbon dioxide into an edible product.
By Megan Poinski • May 18, 2023 -
CRISPR-edited Conscious Greens officially debut in foodservice
Pairwise’s consumer brand also plans to launch its Purple Power Baby Greens Blend at grocery stores later this year.
By Megan Poinski • May 16, 2023 -
Alternative proteins sector is ready for growth as prices drop and expansions are planned
CRB’s new report finds companies now share many of the same concerns as traditional manufacturers, and have been able to solve some cost challenges.
By Megan Poinski • May 16, 2023 -
Beyond Meat sued by investors who claim they were misled
According to the litigation, the plant-based meat company and its leaders provided an overly optimistic outlook about its growth prospects, causing investors to lose money while a former executive sold his own stock.
By Megan Poinski • May 15, 2023