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

The acquisition will bring Innophos deeper into the branded, functional ingredient space, and help the company launch a new health and nutrition platform of ingredients for brands.

Sprouts Farmers Markets, Natural Grocers, Kellogg’s and B&G all held quarterly earnings calls for investors last week. Here are three areas all four companies will be focusing on to fuel future growth.

Recently obtained documents from the FDA by The New York Times and the ETC Group, a consumer advocacy group that monitors the effects of new technologies on food and agriculture, reveal that in 2015 FDA officials questioned Impossible Foods about its use of soy leghemoglobin.

IRI’s Channel Performance Report released last month evaluates consumer shopping patterns across retail channels from conventional to convenience, and lays out a picture of the largest growth opportunities in retail for CPG brands.

Taste Radio is getting to the meat of Krave Jerky with the brand’s founder Jon Sebastiani. Recorded during the 2017 Summer Fancy Food Show, Sebastiani delved into his 20-year background in the food and beverage industry, and what spurred him to strike out on his own with Krave.

Brian Strom, cofounder of Crapola, launched the Minnesota-based artisanal granola company as “simply a joke.” Now, the company is celebrating its tenth anniversary, and Strom is reflecting on the pun-forward brand’s history while in pursuit of a different kind of throne: major retailers’ shelves.

Both The Hershey Company and Mondelez International announced they will be investing more in retailers’ click-and-collect programs and third party e-commerce channels during their quarterly earnings calls this week.

Today pulse-based pasta brand Banza announced the close of a $7.5 million series A financing round lead by Beechwood Capital. At Project NOSH Live this past June, Project NOSH Editor, Carol Ortenberg, sat down with Beechwood and Banza to discuss the round.

In a letter posted to business networking website LinkedIn, Annie’s President John Foraker announced he was stepping down from his post at the organic food brand.

It seems yogurt brands are agreeing to disagree on which of the category’s newest styles will spark the next “Chobani boom.” While all of them seem to be experimenting with innovation, the direction of that innovation is extremely varied, as can be seen most recently by launches from Hain Celestial and Dannon.

Call it insect evolution. Chapul and Exo, two of the leading brands of cricket-based foods, hope to get the industry chirping about their new looks. Both Chapul and Exo announced new branding earlier this summer, with similar aims: speak to an offbeat, fearless consumer

Led by Temasek Holdings, a Singapore state-investment firm, the round also included repeat investors such as Microsoft co-founder Bill Gates, Khosla Ventures and Horizons Ventures and new investor Open Philanthropy Project, from Facebook co-founder Dustin Moskovitz.

A new study in Trends in Food Science & Technology suggests that while consumers want “natural,” the varying definitions could potentially confuse consumers regarding how new technologies play a role in the natural space.

ProYo has seen major distribution gains this summer. The protein-focused frozen yogurt and ice cream brand has more than doubled its store count since launching its pint-like formats in the spring.