News

In this distribution roundup, KOS launches at CVS and Walmart; three flavors of Eclipse Foods’ ice cream hit Whole Foods; Kate’s Real Food debuts its energy bars at H-E-B; and LikeMeat’s newest plant-based chicken innovation rolls out at Sprouts.

Food companies debuted a range of new better-for-you products in both the sweet and savory snacking categories this month, including the arrival of some newcomers such as Days Off and BodyBar. Additionally, the international aisle saw plenty of innovation with new Indian spice blend packs from moji masala and a Yuzu-flavored Japanese barbecue sauce from Bachan’s.

Plant-based bacon maker Hooray Foods announced today it has closed a $2.7 million seed extension round, bringing the company’s total capital raised to over $4 billion. The round was led by new and existing investors including David Hoffmann, the former CEO of Dunkin’, Lyra Growth Partners, Evolution VC Partners, Gaingels and Sand Hill Angels.

After enjoying a 40% year-over-year sales increase this year, natural snack maker Bobo’s is looking to meet rising demand for its oat-based bars, bites and toaster pastries with a new facility in Loveland, Colorado that is set to triple its production capacity.

Award-winning television host, chef and writer Andrew Zimmern joined us for an expansive conversation about his new TV series “Family Dinner,” why he has an affinity for certain CPG brands, his belief that believes elitism is hampering solutions to issues of food accessibility and affordability and his position that GMOs – applied within reason – continue to play an important role in the food system.

Experts from wholesale distribution company KeHe believe flavors such as hibiscus and yuzu, new food technologies and brands that also serve social causes to be the most important themes among food and beverage categories, driving innovation in the new year.

The J.M. Smucker Co. announced the results of its Q2 2021 earnings this week, highlighting a 1% increase ($16.0 million) in overall net sales and strong, positive momentum behind its food, coffee and pet product brands led the company to raise its full-year guidance for 2022.

Frozen plant-based meal delivery company Mosaic Foods yesterday announced it has raised $6 million in a seed round to support a planned retail launch as well as the growth of its direct-to-consumer business.

After a challenging year that has seen the company grapple with supply chain issues and a manufacturing change, sorbet maker SorBabes is ready for a fresh start with a new focus on frozen novelties. To support this new direction, the company has also debuted rebranded packaging and a social media campaign emphasizing the importance of indulgence.

Plant-based meat maker Impossible Foods announced today that it closed a $500 million funding round, bringing the company’s total capital raised to over $2 billion since it was founded in 2011. The round was led by Mirae Asset Global Investments, which also led the company’s $500 million round which closed in March 2020, in addition to participation by existing investors.