Top Feature
Distribution Roundup: KOS Lands at CVS and Walmart; Eclipse Hits Whole Foods
In this distribution roundup, KOS launches at CVS and Walmart; three flavors of Eclipse Foods’ ice cream hit Whole Foods; Kate’s Real Food debuts its energy bars at H-E-B; and LikeMeat’s newest plant-based chicken innovation rolls out at Sprouts.
The Latest Sweet and Savory Snack Launches
Food companies debuted a range of new better-for-you products in both the sweet and savory snacking categories this month, including the arrival of some newcomers such as Days Off and BodyBar. Additionally, the international aisle saw plenty of innovation with new Indian spice blend packs from moji masala and a Yuzu-flavored Japanese barbecue sauce from Bachan’s.
Hooray Foods Latest Funding Round To Support New Innovation
Plant-based bacon maker Hooray Foods announced today it has closed a $2.7 million seed extension round, bringing the company’s total capital raised to over $4 billion. The round was led by new and existing investors including David Hoffmann, the former CEO of Dunkin’, Lyra Growth Partners, Evolution VC Partners, Gaingels and Sand Hill Angels.
Bobo’s to Triple Capacity With New Colorado Facility
After enjoying a 40% year-over-year sales increase this year, natural snack maker Bobo’s is looking to meet rising demand for its oat-based bars, bites and toaster pastries with a new facility in Loveland, Colorado that is set to triple its production capacity.
KeHE Experts Name Top Themes to Watch in 2022
Experts from wholesale distribution company KeHe believe flavors such as hibiscus and yuzu, new food technologies and brands that also serve social causes to be the most important themes among food and beverage categories, driving innovation in the new year.
J.M. Smucker Co. Reports Q2 Earnings, Raises Guidance For 2022
The J.M. Smucker Co. announced the results of its Q2 2021 earnings this week, highlighting a 1% increase ($16.0 million) in overall net sales and strong, positive momentum behind its food, coffee and pet product brands led the company to raise its full-year guidance for 2022.
Mosaic Foods Raises $6 Million to Grow Omnichannel Presence
Frozen plant-based meal delivery company Mosaic Foods yesterday announced it has raised $6 million in a seed round to support a planned retail launch as well as the growth of its direct-to-consumer business.
SorBabes Rebrands, Focuses on Frozen Novelties Following Manufacturing Struggles
After a challenging year that has seen the company grapple with supply chain issues and a manufacturing change, sorbet maker SorBabes is ready for a fresh start with a new focus on frozen novelties. To support this new direction, the company has also debuted rebranded packaging and a social media campaign emphasizing the importance of indulgence.
Impossible Foods Raises $500 Million
Plant-based meat maker Impossible Foods announced today that it closed a $500 million funding round, bringing the company’s total capital raised to over $2 billion since it was founded in 2011. The round was led by Mirae Asset Global Investments, which also led the company’s $500 million round which closed in March 2020, in addition to participation by existing investors.
Brands Celebrate Fall With Limited Edition Flavors
For many consumers, the onset of autumn means one thing — pumpkin spice-flavored sweets and snacks. Brands put their own twists on the fall favorite flavor this season, with new limited edition launches from coffee and cereal to protein bars and peanut butter. Check out the gallery for this fall’s seasonal releases, including sweet potato granola from Jamie’s Farm and a charitable launch from Once Upon a Farm.