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Food and beverage industry news.
News Roundup: The EVERY Co. and Alpha Foods Team Up to Develop ‘Next-Gen’ Alt-Meat; Oatly Hits a Home Run with MiLB
In this week’s roundup: The EVERY Co. and Alpha Foods team up to develop “next-gen” alt-meat; Oatly hits a home run with MiLB; Tennessee announces new regulations for hemp-derived cannabinoids; and Mondelēz announces its 2023 CoLab class.
ForceBrands Seeks to Connect Celebs & CEOs With CreatorForce Division
CPG recruitment firm ForceBrands is aiming to accelerate growth for celebrity-backed brands with the launch of CreatorForce, a division designed to help place executives in these companies, match creators with existing brands and assist with capital raises.
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Notable New Products: Chocolate Bar Flights, Hot Truffle Honey and “Designer” Gochujang
In this week’s notable new products roundup, Immi celebrates AAPI month with its first new flavor launch in two years, DaRosario spices up its line of truffle honeys and Bubbies kicks off summer early with a new mochi variety.
Seeking Retail “Taste Makers,” Better Sour Debuts At Erewhon
Better-for-you gummy candy maker Better Sour will make its retail debut across California Erewhon stores this month; the products will be available exclusively at all nine locations until July before expanding into other retail accounts.
NOSH Podcast: What Will It Take To Raise The Stakes For National Distribution?
On this week’s show the team discusses mayo preferences in dating, an olive oil brand controversy and Whole Foods’ new regional map. Then, Ithaca Hummus chats about how they strategized growing from regional to national distribution.
Blue Apron ‘Actively Pursuing All Options’ for Financing Following $17M Net Loss in Q1
On an earnings call today, Blue Apron executives said the company is “actively pursuing all options” to bring in much-needed capital as it continues to suffer significant quarterly losses.
Distribution Roundup: Meati Makes Midwest Move with Meijer; Bachan’s, Harvest Snaps Expand With Walmart
Meati grows its retail footprint by entering 260 Meijer stores in Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin, while Walmart secures shelf-space for Bachan’s, Harvest Snaps and Eva’s Helado Artesanal.
‘We Need The Hype Machine’: Low-FODMAP Foods Go Broad In Search of Consumers
The low-FODMAP food category is still fairly niche, but the diet could propel businesses in the space to the forefront of the next popular diet trend. However, in the space brands aren’t planning to be just a part of another fad.
Sprouts: Q1 Growth Is ‘Direct Result’ of Consumer Engagement, Product Differentiation
On its earnings call this week, Sprouts Farmers Market credited its Q1 sales growth as a “direct result” of its customer engagement efforts, which have helped grow both basket size and as well as increase trip count among its loyal shoppers.
Blue Bottle, The Weeknd Spotlight Ethiopian Coffee Culture With New Collab
Nestle-owned Blue Bottle Coffee is partnering with multi-Grammy award winner The Weeknd (born Abel Tesfaye) and his record label, XO, to create a new line of premium Ethiopian coffees that honor the “Starboy” singer’s family roots.