News

Less than four years after acquiring the brand, Lancaster Colony Corporation plans to divest from the frozen food maker Bantam Bagels later this summer.

Turbulent markets, chaotic supply chains and both new and old challenges are expected to continue impacting the CPG industry this year, according to a report released this month from the Consumer Brands Association (CBA).

For better or worse, the visage of Juan Valdez, a fictional marketing vehicle created by the National Federation of Coffee Growers of Colombia, has become inextricably linked to the worldwide perception of Colombian coffee. The humble coffee farmer, always with his trusted burro Conchita by his side, symbolizes the global appeal and heritage of the South American nation, but perhaps in a way that at best overlooks and at worst trivializes the passion and dedication behind Colombia’s coffee farmers and their unique crop.

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.

The U.S. Food and Drug Administration (FDA) in late April announced draft guidance for the Accredited Third-Party Certification, a voluntary program within the Food Safety Modernization Act (FSMA).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.

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.

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.

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.

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.

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.