Snacks

These days, Peter Rahal’s take on protein bars is more labcoat than loincloth. Here’s why.

Ahead of its slated debut this fall, David, the new protein bar brand from RXBAR founder and former CEO Peter Rahal, has raised $10 million in seed funding to support new product development and hires.

The sprouted buckwheat brand landed national distribution at Whole Foods Market and Target, while expanding its foodservice business and building the country’s first certified regenerative organic supply chain for its superstar seed.

The chilled oat bar brand is building on its successful partnership with Hungryroot and has now expanded nationally with Misfits Market and Thrive Market.

On this episode of CPG Week, the team talks about what was seen and tasted at the Summer Fancy Food Show as well Curaleaf’s move into hemp and the uphill battle for functional beverage ingredient kava.

Notable new launches in the granola aisle range from elevated flavors and indulgent offerings to grain-free spins on the segment.

The CPG Week team gives their unadulterated takes on “Unfrosted” before diving into the week’s news related to snack trends, cocoa prices and an update on Foxtrot.

Discussions ranged from between combating rising cocoa prices to capitalizing on seasonal opportunities and injecting global flavors into savory snacks.

Banking on the success of low-dose beverages, the cannabis edibles category is circumventing the regulated market and expanding into hemp-derived THC to reach new consumers in regions where adult-use dispensaries are not accessible.

Growth equity firm SEMCAP Food & Nutrition has paid $68 million for a “significant” minority stake in plant-based protein brand ALOHA.