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

Global accounting firm Deloitte’s recent 2023 CPG industry outlook reported that profitable growth is the top priority food and beverage brands as they continue to navigate supply chain disruptions and economic uncertainty.

Kerry Group announced last week its intention to sell its sweet ingredients portfolio in order to further focus on functional ingredients and innovation in biotechnology for food.

Gluten-free frozen empanada maker COCINA 54 has been acquired by Los Angeles-based food manufacturer Pensieve Foods, founder and CEO Cecilia Panichelli announced in a LinkedIn post on Wednesday. Terms of the deal were not disclosed.

Digital advertising has become a nightmare for hemp food and beverage brands, regardless of whether or not their products contain CBD.

Baby food maker Cerebelly received the first U.S. patent for food composition that benefits optimal infant neurodevelopment. The recipe includes 16 key nutrients supporting brain health and is in all the brand’s squeezable pouches.

Walmart announced a partnership with Salesforce to help the retailer drive profitability in its delivery and curbside pickup apps. New Age Eats puts pilot production facility up for sale and Beyond Meat sheds another executive.

In this week’s new products roundup, Little Spoon and OSMO Salt celebrate Valentine’s Day early, Partake teams up with Ben & Jerry’s and Pure Organic makes its first foray into the cracker set.

The U.S. Food and Drug Administration made a small but notable move in nutrition standards this week, raising vitamin D fortification level allowances in cereal while expanding regulation to permit the nutrient’s addition in the bar category.

The NOSH Team considers what food products should truly be called food technology. Later, Lukas interviews Elohi Strategic Advisors founder Stephanie Lind to discuss the successes and failures of plant-based brands in foodservice.

Since introducing its line of dairy-free Cheese Balls last year, vegan snacks company Outstanding Foods has seen sales accelerate. Now, new president Bobbie Turco says the brand is looking to make 2023 its breakout year.

Albertsons Companies released its quarterly earnings on Tuesday, reporting net sales and other revenue reached ​​$18.2 billion in Q3, a 1% increase from Q2 results, with growth largely driven by retail price inflation and higher fuel sales.

KeHE Distributors last week unveiled its management succession plan, in which current CEO and 15-year company veteran Brandon Barnholt will transition to executive chairman of the board, effective April 1, with current board member Deb Conklin taking over the top executive role.

This week, a cross-section of public and private companies from across industries is meeting in Orlando, Florida for the 25th edition of the annual ICR conference. The invitation-only event featured a full-slate of daily presentations from publicly traded companies on its opening day today.

Less than two years after the baking mix brand was sold to Sovos Brands, Birch Benders announced today it has been acquired by baking platform Hometown Food Company.