Lukas Southard

Global accounting firm Deloitte’s recent 2023 CPG industry outlook reported that profitable growth is the top priority food and beverage brands as they continue to navigate supply chain disruptions and economic uncertainty.

Kerry Group announced last week its intention to sell its sweet ingredients portfolio in order to further focus on functional ingredients and innovation in biotechnology for food.

Baby food maker Cerebelly received the first U.S. patent for food composition that benefits optimal infant neurodevelopment. The recipe includes 16 key nutrients supporting brain health and is in all the brand’s squeezable pouches.

Walmart announced a partnership with Salesforce to help the retailer drive profitability in its delivery and curbside pickup apps. New Age Eats puts pilot production facility up for sale and Beyond Meat sheds another executive.

Since introducing its line of dairy-free Cheese Balls last year, vegan snacks company Outstanding Foods has seen sales accelerate. Now, new president Bobbie Turco says the brand is looking to make 2023 its breakout year.

Grillo’s is taking Wahlburgers to court over pickles, a data company unveils its cattle carbon credits at the CES Convention, Jenny Craig launches a ready-made, meal delivery platform and precision fermentation company Liberation Labs closes seed funding round.

Private equity firm Butterfly is expanding its “seed to fork” strategy with its acquisition of vertically integrated dairy ingredient maker Milk Specialities Global.

A new generation of coffee alternative brands are pitching themselves as the solution to coffee’s sustainability problems. Food tech operations say their processes and products use less land, less water and have a lower carbon footprint but still produces a cup that looks, smells and tastes like the real thing.

Belgium-based Lotus Bakeries announced it has taken a minority stake in functional food brand IQBAR leading the bar maker’s Series B funding round through its venture arm, Fast Forward 2032.

Eastern Standard Provisions has completed a funding round with participation from Mondelēz International’s venture arm SnackFutures.