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

Since its launch almost a decade ago, ReGrained has struggled to find a solution that can make a dent in the billions of pounds of spent grain left over from the beer brewing process. For years, that has meant attempting to reduce this food waste, both through its own CPG product lines and as an ingredient supplier. But after seeing mixed results from its bifurcated business model, ReGrained is pivoting away from “resource intensive” CPG products in favor of focusing on ingredients.

After last year’s reckoning on racial injustice across America prompted a look into widespread inequity within the food and beverage industry, companies appear to be making progress on their diversity, equality and inclusion (DEI) goals, according to a new study by Deloitte Insights and FMI – The Food Industry Association last month.

Voyage Foods wants to make sure consumers’ favorite foods are around for the next generation. Ironically, the path to ensuring this continuity means eschewing their core ingredients entirely. The company announced this week it would launch a cacao-free chocolate, peanut-free peanut butter and coffee-free RTD coffee — all made using patented technology and easily accessible ingredients.

In this week’s Checkout, food tech company Plantible closes a $21.5 million funding round; Kevin’s Natural Foods secures investment; and The Campbell Soup Company reports its fourth quarter and fiscal 2021 earnings.

U.K.-based food company Nurture Brands LLC, introduced organic plant-based Coconut Bytes to the U.S. market this week under its Myracle Kitchen banner. As the sister brand to the U.K.’s Rebel Kitchen, Myracle Kitchen debuted stateside in June with a line of organic plant-based Barista Mylks, which Myracle Kitchen’s General Manager Graeme Puffett said was the first step in the company’s strategic growth plan in the U.S.

As questions over safety and buyer attendance continue to linger less than a month before the event begins, media platform and event producer New Hope hosted a virtual Q&A session today to address concerns regarding its upcoming Natural Products Expo East trade show. With the event scheduled to be held in Philadelphia from September 22-25,… Read more »

In this week’s distribution roundup: Banza Pizza debuts at retailers nationwide, OmniFoods launches at Sprouts and Whole Foods, AYO Foods and The Real Good Food Company expand their reach at Kroger and more.

Moving from youngsters to yogurt, Once Upon a Farm co-founder and president Ari Raz announced today he has joined Coconut Cult as the company’s new CEO. Alongside this news, the brand also revealed it would discontinue its line of probiotic gelato.

During last month’s Category Close-Up: Product Showcase, the NOSH team interviewed executives and brand leaders from condiment companies, discussing individual company strategy and how changes within the category affect new product development and marketing. In this special bonus segment, you’ll hear from five more brands about the market dynamics that are currently shaping the category.

Vice Ventures founder Catharine Dockery spoke about the massive opportunity for CPG categories, such as cannabis, alcohol and sexual wellness, that have traditionally been shunned by institutional investors, how her firm utilizes non-traditional data to make informed decisions, why she believes a shakeup in beverage alcohol distribution is on its way and why she spends most of her day engaging in new business pitches.

In June, plant-based food and beverage brand New Barn Organics was acquired by national egg producer NestFresh in a move that promised to allow both companies to provide a broader range of products and give the brand a new runway for growth. Nearly three months later, that promise is taking shape.

Last Friday, food company Sovos Brands filed for an IPO, listing the size of the offering as $100 million, subject to adjustment. The Colorado-based company acquired, owns and operates the Rao’s, Birch Benders, Noosa and Michael Angelo brands. According to a filing with the SEC, the majority of Sovos’ sales were from the Rao’s line of products.

From better-for-you confections to frozen plant-based entrees, August’s latest new products offer consumers a range of low-sugar and grain-free options. Check out the gallery for the newest snack innovations from brands such as Barnana, Simple Mills and Get Real Foods and keto-friendly creations from Cappello’s, Keto Krisp and more.

In this week’s Checkout, Misha’s Kind Foods raises $3 million; Chobani debuts paper cup packaging for its Oat Blend yogurt line; Acosta looks at post-pandemic grocery shopping habits; and Hain Celestial reports its Q4 and 2021 fiscal year results.