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

Hoping to turn a line of cookies and crackers into a larger national brand, Dewey’s Bakery last week closed a $25 million funding round led by Eurazeo Brands and also combined forces with the leadership team of another bakery brand, Farm & Oven.

While plant-based meat alternatives continue to rise in popularity, many brands are facing the challenge of reconciling a premium price point with a desire to reach more consumers. Brands seeking to move beyond the natural channel and deepen their presence in conventional retail are looking for ways to create accessibility through lower prices, but they face hurdles in the form of manufacturing and ingredient costs, and in some cases, regulation, they say.

BevNET & NOSH Speed Dating, a virtual event designed to connect food and beverage brands with industry experts, returns on Thursday, October 29. For this round, brands have the opportunity to meet one-on-one with CPG investors.

Check out the gallery for September’s notable product releases, including new protein bars from Justin’s, the latest snack innovation from Pipcorn and a sweet and salty collaboration from Siete and Compartés Chocolatier.

The show guests, Ibrahim Basir of A Dozen Cousins, Arnulfo Ventura of Beanfields and Ayesha Abuelhiga of Mason Dixie Baking Co. launched Project Potluck last month with a mission of building a ladder of opportunity for minorities in the food and beverage business who have long faced systemic issues around hiring, fundraising, mentoring, and other areas that are key to creating both successful companies and successful careers in the CPG industry.

In this week’s Checkout, e-commerce fulfillment company ShipBob receives $68 million investment, Amazon announces Prime Day and small brand promotions, and McCormick and Conagra report quarterly earnings.

Jeanne David, founder & CEO, Outer Aisle spoke about how being early on several current food trends helped the brand land its first major retailer, why the company aims to “revolutionize” a legacy food category and why she urges entrepreneurs to use experienced advisors during a fundraising process.

Plant-based meat brand Meatless Farm announced this week the close of a $31 million funding round, which the UK-based company will use to accelerate its growth into other markets, including the U.S. The brand, which launched in 2018 and sells pea and soy protein-based burgers, grounds and sausage patties and links, also plans to continue to invest in “bold” approaches to marketing as it builds brand awareness internationally.

While the meat alternative set is dominated by burgers and sausages, seafood company Van Cleve sees an opportunity to be a big fish in the small pond of plant-based seafood. Last month the company launched The Plant Based Seafood Co., a spinoff from its (also newly launched) clean label seafood brand Wild Skinny Clean.

Explore challenges and opportunities in the infused product space during “CBD Today and Tomorrow”, freshen up on sparkling water and ice cream with our Category Close-Up series, participate in investor speed dating and hear from entrepreneurs and experts during Office Hours, Elevator Talk and a new show from NOSH’s Editor Carol Ortenberg.

We’re adding an in-studio interactive audience for BevNET and NOSH’s signature learning and strategy show, Office Hours, which will tape on Oct. 2 at 10:30 a.m. EDT, so come join us as we speak with the people behind Project Potluck, a new group focused on building opportunities for diverse members of the entrepreneurial community.

Media company New Hope announced today that trade show Natural Products Expo West 2021 will be rescheduled, moving from March 2021 to May 24- 27 2021. The organization also released new guidelines for vendors and attendees as it works to evaluate safety measures in response to the Covid-19 pandemic.

The term “frozen-fresh” may seem incongruous, but that’s exactly what frozen food brand Cappello’s sees as the future of food. The brand, which sells grain-free pizzas, cookie dough and pastas, announced today that it had closed a round of funding to help it reach new consumers and expand its presence in retail channels and product formats.

The FDA last week published a long awaited proposed rule requiring producers and processors of “high-risk” foods to keep more detailed records to improve supply chain traceability. While the agency believes an industry-wide standard for tracing high-risk foods could help identify an outbreak’s source 84% faster, reducing illnesses and costly recalls, the plan could require additional capital investments from some food producers, and the FDA is debating whether small companies should be exempt.