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Food and beverage industry news.
BDSA: Global Cannabis Sales Expected to Grow 22% in 2022
Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA released today. The rapid rise in sales – covering all categories including flower, vapes, tinctures, edibles and beverages – is expected to continue… Read more »
Eat the Change Aims at Kids with Cosmic Carrot Chews
After changing people’s perceptions of tea and kids juice drinks with Honest Tea and burgers with Beyond Meat, celebrated entrepreneur Seth Goldman is now taking on kids snacks, announcing today that his latest company, Eat the Change, is launching Cosmic Carrot Chews, a line of plant-based snacks aimed at younger consumers.
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Yolélé Debuts African Spice Rubs
Yolélé, the Revolutionary African Food company, introduces a line of four bold and vibrant spice rubs. Each spice rub is inspired by the seasonings of iconic West African dishes and flavor profiles.
Pasture Raised Chicken Company Pasturebird Debuts Lineup
Pasturebird, a truly pasture raised chicken company that’s on a mission to revolutionize agriculture by applying modern technology to ancient farming methods, will be attending 2022 Natural Products Expo West at booth #N234.
Belgian Boys Raises $7M, Brings on Lubetzky’s Equilibra Partners as Backer
Belgian Boys announced today that they closed a round of funding led by Equilibra, the family office of KIND founder Daniel Lubetzky, which is aimed at helping the seven-year old food brand to expand its distribution, with a particular focus on fresh breakfast items.
Miyoko’s Discontinues Conventional Cheese Line Citing Its “Subpar” Nutritional Value
Acknowledging that “they were the wrong products,” Miyoko’s CEO Miyoko Schinner announced this week that the artisanal plant-based dairy brand has halted production of its cheddar and pepper jack slices, shreds and blocks, explaining that the line’s insubstantial nutritional value compromised the brand’s values and mission to create real nutrient-dense, vegan cheese.
Taste Radio: When ‘Better’ Is Your Mantra, Everything Is Possible. Just Ask Aimee Yang.
BetterBrand founder/CEO Aimee Yang spoke about how she analyzed the opportunity to create a better-for-you bagel, why raising her first $1 million was both remarkable and lamentable, the fortuitous way she met several investors, what she wanted to convey in branding and package design and why she embraces a “software mindset” when it comes to iteration.
Sweet Nothings Launches New Branding and Kids Line As It Grows Distribution
Frozen food and snack brand Sweet Nothings is changing up its branding in order to better clarify its value proposition as it plans for distribution expansion. In tandem with the new look, the company will launch a kids line of squeezable smoothies.
Moonshot Snacks Expands to Sprouts, Looks Toward Portfolio Growth
Since making its retail debut last March, climate-friendly snack brand Moonshot has increased its footprint to over 1,000 doors following a nationwide expansion with Sprouts Farmers Market, announced last week. In addition to expanding distribution, the brand is looking to accelerate the growth of its platform throughout the year.
Notable New Products: Crunchy Moon Cheese Sticks, An Everything Better Bagel, and Sleeptime Superlatte Powders
This week’s new food launches focused on function and saw brands adding benefits while maintaining a focus on flavor. Here’s the latest allergy-friendly, plant-based, and adaptogenic products to launch this week including new flavors from Lil Bucks and Parktake and functional innovation from ZEGO and Clevr Blends.