Food and beverage industry news.
February’s new product launches included several better-for-you takes on indulgent snacks, from Lenny & Larry’s new low sugar, protein cookies to an allergy-friendly Rice Crispy Treats line from Blake’s Seed Based. Check out the gallery for some of February’s notable new releases, including the first snack offerings from Yolélé, a new superfood bar line from Your Super, and limited edition flavors from Ellenos and Laura’s Gourmet Granola.
AF Ventures has joined the SPAC club. Together with investment groups Scharf Brothers and Mistral Equity Partners, the CPG venture fund once known as Accel Foods has combined forces with two other firms to launch a publicly traded “blank check” company to target more consumer brands.
In this week’s Checkout, Beyond Meat announces strategic global partnerships with McDonald’s and Yum! Brands; Pan Pacific International Holdings acquires Gelson’s; Foxtrot raises $42 million to expand into new markets; and FASTER Act for sesame labeling is introduced to the U.S. House of Representatives.
Nine months after joining snack brand CLIF Bar and Company, CEO Sally Grimes is starting to put her mark on the 30 year old brand. The company announced this week that it would lay off roughly 125 employees as part of a larger restructuring plan — news that comes as CLIF debuts two new items that bring the brand into new parts of the store.
Video: Category Close-Up
Plant-based dairy alternative products maker Oatly submitted plans for an initial public offering (IPO) to U.S. regulators, the company confirmed this week.
In this episode NOSH editor Carol Ortenberg and reporter Erin Cabrey interview executives and brand leaders from both emerging and established yogurt companies to discuss individual company strategy, and how changes within the category affect new product development and marketing.
Sustainable ingredient data platform HowGood announced this week the close of a $6 million funding round. The company will use the capital to further invest in its proprietary database, which helps members of the food industry and consumers make choices around purchases, formulation, investment or marketing claims.
We’ll explore the Yogurt set during this month’s Category Closeup, hearing from a group of experts about the market dynamics of the yogurt set as well as how the Covid-19 pandemic has impacted consumer behavior in the category. Our experts will also share their thoughts on the flavor trends, health benefits, innovation strategies and promotional plans a successful yogurt brand must embrace.
It’s no secret that plant-based innovations in categories like meat and dairy have dominated headlines in the natural products industry in recent years, with companies swapping farms for fermentation tanks to create many of the ingredients used in vegan alternatives to products like burgers or ice cream. But the technology behind one of these production processes, synthetic biology, is relatively new to the industry, and it may blur the definition of a genetically modified organism (GMO) — causing some to question the safety of these new lab grown ingredients.
At the annual Consumer Analyst Group of New York (CAGNY) conference, held virtually this year, many leading CPG companies discussed both how they navigated the pandemic in 2020 and laid out their plans and strategies for 2021, with plans for the latter including several new low sugar and plant-based innovations, reducing SKU counts and emphasis on ecommerce.