Food Industry News, Insights, and Education for the CPG Community

Beyond Meat reported a 30% drop in net revenue in its ‘disappointing’ second quarter, citing a decline in U.S. consumer demand for plant-based meat products.

Former Whole Foods Market and Target executive Don Clark has been appointed CEO of baby food brand Cerebelly. replacing Greg Shearson who will remain on the board of directors.

The Campbell Soup Company has picked up publicly traded Sovos Brands, makers of the Raos’ Michael Angelo’s and Noosa lines of products, in order to expand into the ultra premium sauce set and further strengthen its efforts outside of soup and snacks.

The Campbell Soup company announced this morning its intention to purchase Sovos Brands, the owner of Rao’s, Michael Angelo’s and Noosa Yogurt.

In this week’s notable new products gallery, Veggies Made Great expands its frozen snack collection with the addition of Blondie Bites, Fishwife launches two new sardine flavors that have been two years in the making and Compartes brings back a unique twist on one of the trendiest foods in America.

Nona Lim has been acquired by DDC Enterprise Limited, the parent company of Hong Kong food content consumer brand, DayDayCook (DDC). But San Francisco-based Nona Lim won’t be making too many drastic moves following the deal.

On this week’s show, the team drums up some girl dinner alternatives and run down recent news from the plant-based sector. Later, Tony’s Chocolonely Mission Guardian Anne-Wil Dijkstra shares insight on the company’s Mission Lock and how emerging brands can take steps to secure their lasting impact.

Sprouts Farmers Market credited its differentiated dairy, proteins, and bakery offerings for growing sales in its Q2 earnings report.

Who is worth knowing, or at least knowing about? We’re answering these questions – and many others – with our first-ever NOSH Notables List. The 50 people here (and shall we say icons as well – there are a couple of curveballs) are influential not just in the Instagram sense of the world, but in their ability to move companies, brands and products, not to mention shape industries.

Miyoko’s Creamery has a new name leading the charge. The plant-based dairy brand today announced Stuart Kronauge, former Beyond Meat and Coca Cola exec, will assume the top role, concluding the six-month search for a new CEO.

Plant-based seafood brand Konscious Foods has closed a $26 million funding round backed by Protein Industries Canada, Zynik Capital, Walter Group and more, the company announced today.

Ahead of the relaunch of a “completely renovated” plant-based product portfolio, Alpha Foods announced today it has been acquired by LIVEKINDLY Collection (LKC).

How does the government create a research-driven, farmer-centric plant-based food industry ecosystem that supports its own growth through consistent supply and demand? That’s the task the The Peas, Legumes, and Nuts Today (PLANT) Act is looking to tackle.

This month, we’re introducing two Insider-only Community Calls where we’ll dive into financial insights with a CPG investor and talk with Thrive Market about how the retailer curates brand partners.