Sweet Earth Foods

In this week’s roundup: PE firm Kainos Capital closes $1B fund; Nestle, Wholesome Crave and UMass Dining launch plant-based meal program; ADM faces labor union charges and Motif Foodworks expands by offering out bioprocessing capabilities.

Despite the economic and inflationary environment, brands continued secure large checks and close a few notable acquisitions this year. While 2021 was all about post-pandemic recovery, 2022 saw companies strategizing for long term growth and positioning themselves to navigate the unforeseen bumps and blunders ahead.

This week’s new products saw brands delving deeper into plant-based protein options, launching unique popcorn flavors and going bananas over the launch of Minions: The Rise of Gru with a new variety of mini muffins. Plus, GoodPop unveiled its newest organic popsicle variety just in time to help you beat the summer heat.

After a year filled with uncertainty, Nestlé reported strong organic sales growth in its full-year earnings results for 2021, particularly in its coffee, health and wellness and plant-based food segments.

In this week’s Checkout: The Texas Beef Council sues former NFL player for partnering with plant-based protein brand, Laird Superfood names new CEO with an update on the business and Zero Acre Farms closes $37 million Series A funding round.

Rounding out the annual CAGNY conference in Boca Raton, Florida this week, leading CPG companies reviewed 2019 results and future plans to power protein cravings through snacks and more meatless innovations.

Direct-to-consumer website Brandless shuts down, online grocery delivery service Peapod cuts its Midwest division, organic fruit and vegetable platform Daily Harvest promotes ingredient transparency, and more in this week’s Checkout.

While there were plenty of buzzy, ketogenic, CBD-enhanced, cauliflower-based products lurking in Expo booths, if you looked deeper, several larger themes within the natural food industry emerged — including retail channel strategies, the effects of integrated sets and sleepy categories seeing new attention.