Headlines

Kellogg’s announced today that it was splitting itself into three companies in order to focus its resources in the cereal and plant-based categories while emphasizing the growth potential of its global snack brands.

Daily Harvest is asking consumers to dispose of its recently launched alternative meat product after multiple reports that it is causing severe gastrointestinal issues. The D2C frozen food brand, announced on Sunday that it was aware of the issues. The product is French Lentil + Leek Crumbles, which launched at the end of April and also comes in a Walnut + Thyme variety. That SKU has not been linked to any reports of illness.

Food conglomerate Mondelēz International has agreed to pay $2.9 billion, with additional contingent earnout consideration, to acquire organic snack bar maker Clif Bar & Company.

The Austin-based company has been on a path toward rapid growth over the past year: participating in Mondelez’s inaugural CoLab class accelerator program, securing additional early-stage funding, designating c-suite duties to former NFL player and sports broadcaster Tim Tebow and launching its first new product line: Plant Krunch Bars.

New Harvest, a non-profit dedicated to advancing cellular agriculture in food and beverage, addressed one of the leading questions for the biotech industry: how can cultured protein be readily accessible to consumers without causing more harm than conventional agriculture?

In this week’s Checkout: Nuts For Cheese raises $5 million to expand operations and production capabilities; Smallhold opens urban mushroom farming location in Los Angeles; and DouxMatok secures its second partnership for Incredo Sugar.

Mars is partnering with food tech company Perfect Day to launch a new chocolate bar made with animal-free whey protein. The bar, which will be released under a new brand called CO2COA, is the latest chocolate product launch featuring Perfect Day milk protein as the ingredient company tries to push further into the confection set.

In this distribution roundup: Blue Stripes Urban Cacao adds Whole Foods as retail partner; Moonshot Snacks launches nationwide at Target; Vermont Tortilla Company expands to Sprouts; Mary’s Gone ‘Kookies’ roll out to a range of new retailers and more.

There was a wide array of new products present at the Summer Fancy Food Show 2022, with many brands embracing globally-inspired flavors and plant-based iterations of traditional meat products. Checkout the roundup below for a selection of notable new products spotted during the show this week.

The Specialty Food Association (SFA) Summer Fancy Food Show returned in-person to New York City this week for the first time since 2019. While more limited in its scope, energy and total attendees than mega-shows like Expo West, the biannual event represents an important showcase for CPG brands looking to grow in the specialty food market, which is expected to rise to $185 billion in 2022, according to the SFA State of the Industry report.