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Food and beverage industry news.
Ovation Foods Brings Nutrient-identical Eggs To Meat Snacks
With the introduction of a jerky-like Chicken Stick product line the Wisconsin-based startup, Ovation Foods, is attempting to use its proprietary beaded “whole egg” ingredient, Eggsentials, as the foundational piece of a new CPG platform.
Pebbles Producer Looks to Keto Consumer with Incredi-Bowl Launch
Post Foods has quietly launched Incredi-Bowl, a new low-sugar, grain-free, high protein cereal that the parent company is aiming to establish as the leader in the keto-friendly cereal space by replicating “the flavors and forms of your childhood favorites,” according to Incredi-Bowl senior brand manager Logan Sohn.
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Nestlé Reports Full Year Results: Coffee, Nestlé Health Sciences and Plant-Based Foods See Growth
After a year filled with uncertainty, Nestlé reported strong organic sales growth in its full-year earnings results for 2021, particularly in its coffee, health and wellness and plant-based food segments.
The Checkout: Waka Coffee & Tea Secures Funding; Cell-grown Cocoa Maker Partners With CULT Food Science Corp
In this week’s Checkout: instant coffee and tea maker Waka jumpstarts growth with pre-seed funding; California Cultured receives investment from food tech investment platform CULT Food Science Corp; Kodiak partners with Pro Athletes Joe Burrow, Travis Kelce, among others; and ice cream manufacturer recalls dozens of SKUs due to Listeria contamination.
Notable New Products: Mini Bacon Sticks, Hoppy Hot Sauce and Chickpea Cascatelli
Although the trend of low-sugar foods continues to gain momentum, that does not mean consumers are willing to forgo sweets altogether. Check out the latest from brands including Cocomels, Ruby Jewel and Highkey.
New Formats And Ingredients Reach The Alt-Protein Market This Week
Whether it’s for the good of the planet or for a specific health benefit, consumer demand for animal-free proteins continues to increase, according to food company ADM. Here are a few updates from the alt-protein market this week.
Binske Hones in on High-End Edibles With Intelligentsia Collaboration
The Colorado-based brand is one of dozens of emerging players dealing in super-premium recreational cannabis, including flower, pre-rolls and extracts. But in forming a partnership with specialty coffee roaster Intelligentsia to collaborate on new products – the first being a cannabis-infused chocolate bar with espresso shavings, which began rolling out at dispensaries in Colorado, Nevada and California last month – the self-styled “luxury cannabis” brand is aiming to distinguish itself as a leader in boutique, artisanal edibles.
Beanfields Acquired by Boosh Plant-Based Brands
Snack brand Beanfields has been acquired by Vancouver-based Boosh Plant-Based Brands Inc.. The deal, which was announced last week, officially closed on Wednesday.
GrandyOats Rebrands, Sees Ownership Changes
GrandyOats is now GrandyOrganics, a move the 47-year-old snack and cereal maker said will allow it to better move beyond its flagship line of granola.
IRI: CPG Sales Rise in 2021; Unilever, Hershey Among Top Brands
The total U.S. CPG industry grew 2.7% to $962 billion in 2021 as pandemic-related shifts in consumer behavior and routes to market began to cement themselves, according to the latest CPG Growth Leaders report by market research firm IRI. The 52-week sales growth reflected an anticipated slowdown from 2020, when sharp spikes in retail sales… Read more »