News

After moving from online into retail last year modern Chinese food brand Fly By Jing announced today it raised an additional $12 million in funding to fuel continued expansion primarily in conventional grocery stores.

Lockhart, Texas-based better-for-you food manufacturer Wella Foods announced last week that it has acquired Austin-based nutrition bar company Thunderbird. Financial terms of the deal were not disclosed.

The impact of the COVID-19 pandemic on grocery retail prices may have been felt the most in 2022, according to a new report from Coresight Research, in partnership with the Food Industry Association (FMI).

Climate neutral cracker brand Moonshot Snacks has been acquired by Patagonia Provisions, the food and beverage division of outdoor-centric brand Patagonia. The news marks Patagonia’s first acquisition in over twenty years.

As more Americans continue to work from home and look to cut extraneous expenses — say, a stop at the juice bar on the way to the gym — lockdown-era habits have entrenched themselves into consumer routines. In turn, many frozen fruit producers have embraced smoothie kits, with some innovative brands managing to outpace the category and maintain strong growth despite the headwinds facing the CPG industry today.

Outside of its traditional domain in Asia, seaweed is rapidly gaining popularity among CPG food brands and consumers alike in the United States for its multitude of positive attributes including the potential to help achieve carbon neutrality and mitigate deoxygenation and eutrophication.