Headlines
Voyage Foods To Take “Future Proof” Food To Market With New Funding
Food tech platform Voyage Foods closed a $36 million funding round last week that will help bring its full slate of innovations – including peanut-free peanut butter, cacao-free chocolate and coffee-free coffee – to consumers by the end of the year.
FDA Addresses Safety of Foreign Food by Issuing Draft Guidance for Third-Party Certification Program
The U.S. Food and Drug Administration (FDA) in late April announced draft guidance for the Accredited Third-Party Certification, a voluntary program within the Food Safety Modernization Act (FSMA). The guidance aims to encourage more organizations to participate in the Accredited Third-Party Certification Program (also referred to as the Third-Party Program or TPP) which would expedite regulatory approval of foreign food and beverage into the U.S.
Tomorrow Farms Raises $8.5M To Be The ‘Commercial Engine’ for Food Tech Companies
Food and beverage company Tomorrow Farms announced today the closing of $8.5 million in funding aimed at supporting its first product launch this summer and attracting ingredient companies with which it can partner to bring its technologies to market.
Notable New Products: Ice Cream-Flavored Protein Bars, Upcycled Baking Mixes and Stranger Things-Themed Nuggets
From oat milk chocolate bars to spicy chili sauces and Stranger Things-themed plant-based nuggets, this week’s new food innovations cover a wide range of categories. Check out this week’s gallery for notable new items, including new ice cream flavors from Mauna Loa alongside new product launches from BowlCut and Regrained.
The Checkout: B&G Reports Q1 Results, Acquires Manufacturer; Antithesis Foods Receives Grant To Scale “Mix-In” Business
In this week’s Checkout: B&G Foods reports Q1 earnings alongside manufacturing acquisition announcement; Antithesis Foods receives grant funding to scale ingredient business, HUNGRY acquires NatureBox and Chubby Snacks names Heidi D’Amelio as ‘SuperMom’ Advisor.
Drinking the Kool-Aid: Plink! Seeks to Offer Sustainable Solution to Single-Use Plastics
Aiming to make single use cans and bottles a thing of the past, former “trend spotter” Max Luthy and event producer-turned-beverage entrepreneur Luke Montgomery-Smith have launched Plink!, a vintage-inspired brand of beverage tablets.
Kellogg’s Says Snack Segment Is Driving Sales, Affirms Full Year Outlook
Snack sales, emerging market growth and positive price realization helped Kellogg’s overcome cereal inventory issues to score a 4% increase in organic net sales during Q1 2022.
In the Courtroom: Kellogg’s Controversy Over Veggie Claims Continues; Dunkin’ And Beyond Meat Hit With Infringement Suit
In this courtroom roundup: Kellogg’s fight against misleading veggie claims returns, Beyond Meat and Dunkin’ sued by Philadelphia plant-based meat company over trademark infringement, Motif challenges Impossible’s heme-tech patent and more.
IRI: COVID-Driven Demand for Convenience, At-Home CPG Remains High Despite Inflation
Over two years into the pandemic, demand for CPG products has changed to reflect consumers’ need for convenience, while high inflation has fueled increased demand for self-care and wellness products, according to an IRI webinar earlier this week. Analysts from IR predicted that pandemic buying trends in CPG will continue into the next year as… Read more »
Elevator Talk: District Snacks, Kazoo Snacks, Fila Manila, Toodaloo, Red Belly Honey
In the latest episode of Elevator Talk, we feature leaders from District Snacks, Kazoo Snacks, Fila Manila, Toodaloo and Red Belly Honey. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Sarah Nathan, the founder of Bloom CPG, who shared her thoughts, questions and feedback with the participants.