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Food and beverage industry news.
Good Culture Raises $8M, Launches into New Category
Although plant-based products may be on an upswing, there’s still room for dairy. To support its growth, today cultured dairy brand Good Culture announced the close of an $8 million investment round. Previous investors CAVU Venture Partners and 301 Inc, the venture arm of General Mills’ led the round with Almanac Insights also taking part.
Real Food From the Ground Up to Expand Vegetable-Based Snack Offerings
Having conquered rice and pizza, cauliflower is coming for the snack aisle. Vegetable-based snack brand Real From the Ground Up (RFFTGU) announced today that it will expand beyond its current lineup of pretzels and cheese crackers, adding eight new products to fill other snacking occasions and reach new demographics.
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Bonafide Launches Keto Broth Cups and Rebrand
After having to make the hard choice to discontinue its Drinkable Veggies beverage line last year, today Bonafide Provisions announced the launch of a line of Keto Broth Cups, which are frozen, heat-and-drink cups of bone broth and MCT oil. The cups come as the company also unveils a new rebrand.
Taste Radio Insider Ep. 22: Plant-Based Brands Are Changing The Food Industry Faster Than You Think
In this episode, we spoke with Michele Simon, the founder and executive director of the Plant Based Food Association, about the changing landscape for plant-based foods.
Beyond Meat, Back to the Roots Announce New Investors
Plant-based protein company Beyond Meat and cereal and gardening company Back to the Roots both announced new investors this week.
Elevator Talk: Nomad Eats Creates Plant-Based Cheese Sauces Coined “Liquid Gold”
Jasmine Singh is the co-founder of Nomad Eats, a company that is focused on creating plant-based whole food products that taste like “liquid gold”. The brand has developed vegan nacho and mac and cheese sauces aimed to change consumers’ minds about how healthy vegan products taste.
Compass Diversified Holdings Sells Manitoba Harvest to Tilray
Compass Diversified Holdings (CODI) announced yesterday it has reached an agreement to sell hemp food manufacturer Manitoba Harvest to Canadian cannabis company Tilray for C$419 million.
Hormel To Sell CytoSport Beverage, Bar Brand to PepsiCo
CytoSport, founded in 1998, was acquired by Hormel in a deal valued at $450 million in 2014. The company markets a variety of protein-focused sports nutrition products under the Muscle Milk brand, including powders, ready-to-drink beverages and bars.
PROBAR Unveils Outdoor Inspired Rebrand
The bar set is ever growing, and even familiar brands are looking to change up their looks in order to stay competitive. Today snack company PROBAR announced an outdoor-inspired rebrand of its packaging — one of the first major changes by the company’s new president and investor, Matt Fuller.
Banza Brands its Own Chickpea “Rice”
The rice category is starting to stretch with even more ingredients trying to define the staple. Today Banza, which is known for its chickpea pastas, announced it will expand into the category with its own line of rice — the company’s first major new product since introducing a line of macaroni and cheese in 2016.