News
Food and beverage industry news.
GFI: Alt-Protein Sees Advancements in Crop Development, Ingredient Optimization and Texturization Methods
In 2021, the rapidly-growing plant-based food industry saw several technological advancements across the value chain, ranging from crop optimization to ingredient isolation and functionalization all the way to end product formulation and manufacturing.
Notable New Products: Vegan Sourdough Croutons & Plant-Based Breakfast Treats
This week’s notable new products saw brands launching vegetarian versions of on-the-go breakfast food, reinventing the classic PB & J sandwich and shaking up salad toppings. Check out the gallery for new items from Lightlife and Cleveland Kitchen as well as a rebrand from Harvest Snaps.
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The Checkout: Neat Food Co Secures Leonardo DiCaprio Investment; Mars Uses AI For New Functional Foods
In this week’s Checkout: Neat Food Co secures investment from actor Leonardo DiCaprio as it looks to CPG extension; Mars looks to AI-technology for functional food research; ByHeart opens new infant formula facility; IFF and SimpliiGood look to make alt-salmon from spirulina; and food companies appeal to Congress to combat copycat THC products.
Update: Indonesia Enacts Total Ban On Palm Oil Exports
The government of Indonesia reverted to its original policy on Wednesday, stating it will ban all palm oil exports – including crude palm oil and palm kernel oil – effective at midnight, April 28.
Love Good Fats Goes Deep On Sugar Free Snacking With New Launch
Love Good Fats is expanding its brand “fundamentals” with a new convenient and indulgent snack line – Dark Chocolate Thins – which debuted at the Canadian Health Food Association (CHFA) trade show in Toronto last week. The new line is the first zero sugar product for Love Good Fats and marks a shift in the brand’s approach to its “fat is back and sugar is out” stance on snacking.
NARB Favors Goli’s “Apple Cider Vinegar Gummies” Name in Challenge from Bragg
The National Advertising Review Board (NARB) has upheld a previous National Advertising Division (NAD) ruling supporting supplements brand Goli Nutrition’s right to use the term “Apple Cider Vinegar” (ACV) in the name of its gummy products, but said the company must discontinue certain claims and slogans that suggest the products have similar efficacy as liquid… Read more »
Kraft-Heinz Credits Growth To Core, Conventional Lines and Company’s ‘Consumer Obsession’
Despite record levels of inflation following two years of supply chain disruptions and market volatility caused by the war in Ukraine, Kraft Heinz CEO Miguel Patrico said the company is “well positioned for the path forward” after reporting a 6.8% increase in organic net sales in its Q1 2022 earnings report, released Wednesday morning.
Stride Consumer Partners Closes Debut Fund
Investment firm Stride Consumer Partners announced today the close of their first fund at $420 million to further invest in brands developing consumer products and services. To-date, Strive has made three investments in meat snacks producer Chomps, Canadian skin-care company Skinfix, and clothing company Truewerk.
Ingredients: Indonesia’s Palm Oil Ban Adds to Global Supply Woes, But May Not Last
The government of Indonesia announced it will ban the export of refined, bleached and deodorized (RBD) palm olein, beginning April 28, until prices of bulk cooking oil fall below 14,000 rupiah per liter (approximately USD$0.97).
Laird Superfood Introduces Coffee Pods Made From Coffee
Plant-based food and beverage maker Laird Superfood introduced a new format to its portfolio with the goal of giving consumers a plastic-free approach to single-serve functional coffee. Today, the company announced the launch of Bright Cups, a proprietary Keurig-compatible pod format made from BPI-certified compostable materials and filled with Laird’s Focus Mushroom Coffee.