Ingredients: Page 40
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Digging for gold: Kodiak CEO aims to convince consumers it’s more than waffles and pancakes
Despite competition from PepsiCo, Kellogg and other CPGs in the $47 billion breakfast category, new CEO Valerie Oswalt said her company plans to be more aggressive in promoting its oatmeal, frozen waffles and granola bars.
By Christopher Doering • Jan. 5, 2023 -
2022’s top M&A deals in the food and beverage industry
Last year saw companies turn to dealmaking as a way to quickly gain presence in fast-growing categories or strengthen their position in existing ones.
By Christopher Doering • Jan. 3, 2023 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
IFF sells Savory Solutions Group for $900M
The sale to private equity firm PAI Partners is the first of three divestments CEO Frank Clyburn said were coming soon at the company’s investor day earlier this month.
By Megan Poinski • Dec. 22, 2022 -
How ADM helps other fermentation companies grow and innovate
Through investments, expertise and agreements, the global commodities giant has worked with many startups, helping them transform their technology into food.
By Megan Poinski • Dec. 22, 2022 -
Retrieved from Just the Cheese.
John B. Sanfilippo buys baked cheese brand to expand snacking portfolio
The purchase of Just the Cheese for an undisclosed amount brings the nut and dried fruit products maker into new categories and complements its existing portfolio.
By Christopher Doering • Dec. 21, 2022 -
Maple Leaf Foods partners with The Better Meat Co. to develop mycelium products
The agreement, which is the first in alternative protein since the Canadian meat giant cut back on its plant-based division, is focused on R&D and innovation with Rhiza protein.
By Megan Poinski • Dec. 21, 2022 -
Inside MyForest Foods’ strategy to make mycelium bacon sizzle
Research, ingenuity and inspiration to “do something useful” are leading the up-and-coming startup to eventually grow 3 million pounds of mushroom roots a year at its Swersey Silos facility.
By Megan Poinski • Dec. 20, 2022 -
How upcycled food companies tackle their biggest challenge
As more brands create products using ingredients that would have gone to waste, leaders in the industry say educating consumers is key to success.
By Chris Casey • Dec. 19, 2022 -
Many dark chocolates have high levels of cadmium and lead, study finds
Consumer Reports looked at the amount of heavy metals in 28 popular brands, though the issue already was litigated, settled and studied, and confectioners have committed to making improvements.
By Megan Poinski • Dec. 19, 2022 -
Column
Leftovers: New Kellogg treats make winter sweet; Stony Creek and Bigelow tea up new brews
The cereal giant is bringing two indulgent new offerings to breakfast and snack time, and vegan brand GrownAs* debuts mac and cheese with 10 grams of protein per serving.
By Food Dive staff • Dec. 16, 2022 -
Chr. Hansen will merge with Novozymes in a $12.3B deal
The sale, which is expected to close in the fourth quarter of 2023 at the earliest, would create a company with extensive expertise in enzymes and natural microbials.
By Megan Poinski • Dec. 15, 2022 -
Equal sweetener owner Whole Earth announces CEO transition plan
The company’s board appointed member Michael Franklin to serve as its interim head starting Jan. 1. He replaces Albert Manzone, who has run the firm since 2016.
By Christopher Doering • Dec. 15, 2022 -
Oobli launches protein-sweetened chocolate bar
The company, previously known as Joywell Foods, has three varieties available for online presale, all of which have 70% less sugar than traditionally made competitors.
By Megan Poinski • Dec. 15, 2022 -
Drought leads to 80% jump in vegetable prices
Prices from producers increased 38% in November, and could continue to be unstable if weather conditions don’t improve.
By Chris Casey • Dec. 13, 2022 -
Ynsect plans US insect farm and partners with Ardent Mills
The facility will produce more than 55,000 tons of ingredients a year, which the milling company will explore for use in healthy and sustainable food.
By Megan Poinski • Dec. 13, 2022 -
Equinom raises $35M for new non-GMO plant protein ingredients
The Israel-based company is nearly doubling its lifetime funding with this round and will use the money to get its precision-bred pea, soy and sesame ingredients to the market faster.
By Megan Poinski • Dec. 12, 2022 -
Column
Leftovers: General Mills flips for IHOP cereal; Brach’s heats up candy canes
The CPG giant and pancake restaurant joined forces for the breakfast offering, and Ben & Jerry’s teams up with award-winning director Ava DuVernay on an ice cream flavor.
By Food Dive staff • Dec. 9, 2022 -
IFF plans job cuts as part of company restructuring
The ingredients giant plans to save $100 million annually through headcount reduction, which is a part of a plan to become more streamlined, efficient and customer-centric.
By Megan Poinski • Dec. 8, 2022 -
DSM debuts clean-label canola-based protein ingredients
The ingredients manufacturer said its new offerings have textural benefits that make them a more realistic meat alternative.
By Chris Casey • Dec. 8, 2022 -
Bel Brands gets into animal-free cheese with Perfect Day partnership
The French company continues its embrace of alternative dairy by launching plant-based The Laughing Cow wedges and working with food tech startups for more innovative products in the future.
By Megan Poinski • Dec. 8, 2022 -
Precision pollination startup BeeHero nets $42M with backing from General Mills
The startup said its technology allows beekeepers to better monitor their hives, which could help improve crop yields and reduce food insecurity.
By Chris Casey • Dec. 7, 2022 -
Retrieved from Pernod Ricard.
Kahlúa touts full traceability of key coffee ingredient
The liqueur, which is owned by Pernod Ricard, said brands and retailers are facing mounting pressure from customers to provide greater transparency into their supply chains.
By Christopher Doering • Dec. 7, 2022 -
Philadelphia Cream Cheese launches plant-based spread
The product, which is available at select retailers in the Southeastern U.S., is Kraft Heinz’s second non-dairy launch under one of its flagship brands in the last two months.
By Megan Poinski • Dec. 6, 2022 -
Gen Z embracing ‘healthy hedonism’ and bold food colors, research finds
GNT said manufacturers can communicate their commitment to wellness and sustainability important to younger consumers through the use of soft-play pastel shades and psychedelic color schemes.
By Chris Casey • Dec. 5, 2022 -
Consumers want specific health and wellness benefits in their products in 2023, study finds
Just being healthy or functional alone won’t be enough for food and beverage offerings next year, Tastewise says after analyzing billions of social media interactions, restaurant menus and recipes.
By Megan Poinski • Dec. 5, 2022