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News & Analysis on Food & Beverage Development & Technology01-Mar-2024
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Making good-for-you products taste great
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MANUFACTURERS
Finding a-whey to improve cognitive support: Hank’s partners with Nutiani for brain boosting spread
Nut butter brand Hank’s partnered with Fonterra’s nutrition brand Nutiani to launch Hank’s Brain Boosting Peanut Butter spread, a functional food containing added protein and supplements to support cognitive function, Rachel Marshall, technical engagement manager, advanced nutrition at Fonterra, explained to FoodNavigator-USA.... Read more
Fly By Jing, Fishwife, Aura Bora share best practices for successful product collaborations
Two heads are better than one — or in the case of the CPG world — two brands in one product might be the recipe for business growth, as representatives from Fly By Jing, Fishwife, and Aura Bora shared during a recent SPINS webinar on product collaborations.... Read more
Copper Cow releases churro coffee flavor in Costco, adjusts to new funding reality
Vietnamese coffee company Copper Cow is sweetening Costco aisles with a limited-edition churro flavor as it navigates growing without venture-capital (VC) funding, company CEO and Founder Debbie Mullin told FoodNavigator-USA.... Read more
Happy embraces ‘modern sensibility,’ mental-health advocacy to differentiate in coffee
Serial entrepreneur Craig Dubitsky has partnered with award-winning actor Robert Downey Jr. to launch happy, a coffee brand leveraging a modern design and a mission to improve mental health to distinguish it from the competition.... Read more
PATH’s flavored sparkling water is a continuation of bottle reusability
PATH’s primary business strategy revolves around the reusability of its aluminum bottles, diverging from the traditional single-use bottled water market. Launched its new flavored sparkling water was an obvious decision, PATH’s CEO, Shadi Bakour, explained to FoodNavigator-USA, which allows the brand to maintain its core sustainability values while tapping into the booming demand for sparkling water.... Read more
 Lattini leverages sunflower seeds to offer healthier, climate-friendly plant-based milk
Consumers increasingly want more from their beverages when it comes to health, but they also want less in terms of calories, ingredients, processing and environmental impact – a delicate balance that startup Lattini strikes without compromising taste and texture by using whole sunflower kernels as the base for its plant-based milks.... Watch now
Smoove's prebiotic beverages place African culture in the spotlight
Tapping into the multi-billion dollar functional beverage market, Smoove’s RTD prebiotic juice is a cultural nod to African representation through indigenous and traditional ingredients, like tropical almond, tamarind and African cherry, while responding to consumers’ growing interest in international flavors.... Read more
 Soup-To-Nuts Podcast: Demand for functional beverages could lead to ‘tsunami of innovation’ in 2024
Beverage sales have outpaced that of food within the specialty segment in the past decade, according to the Specialty Food Association, which attributes the boom to an increased demand for functional benefits, a faster pace of innovation and a lower threshold for initial trial.... Listen now
Consumers embrace 'just-in-time shopping,’ shift fresh-food spending to save money, Circana finds
To combat high food prices, consumers are increasing store trips and shifting what they purchase in fresh food, including moving away from meat, seafood, and produce to deli and bakery items, Jonna Parker, principal II, fresh foods team lead at Circana, shared during a recent webinar.... Read more
 [Video] CPG brands' AI ambition might be weighed down by 'digital debt'
CPG brands increasingly rely on AI technologies to crunch large data stores and find insight to win in the market, but many are falling short of their digital transformation goals due to outdated technology, Capri Brixey, EVP, strategy consulting at Insite AI, told FoodNavigator-USA in a video interview.... Watch now
 Cargill highlights its sustainable proteins for first-ever tasting in NYC
Cargill showcased the breadth its protein portfolio and sustainable sourcing partnerships in a multi-course tasting earlier this month in New York City.... Watch now
 Functional coffee brand Clevr sprouts onto Target shelves, readies rebrand
Functional coffee and tea brand Clevr Blends is taking a “deep, not wide” approach to growing beyond its direct-to-consumer (DTC) roots and into Target, brand founder and CEO, Hannah Mendoza, told FoodNavigator-USA during a Startup Spotlight video.... Watch now
Barry Callebaut to axe 18% of global workforce
Barry Callebaut Group, the world’s largest chocolate and cocoa supplier, has announced it is cutting approximately 2,500 manufacturing and administration jobs across its global operations.... Read more
Rubisco: Overcoming extraction hurdles to market the ‘most abundant protein on earth’
Israeli start-up Day 8 has emerged from stealth mode with plans to disrupt the plant-based food and drink. Its secret weapon? A protein derived from leaves: Rubisco.... Read more
Beyond Meat turns to IV platform, SKU rationalization, pricing to improve margins in FY 2024
After seven consecutive quarters of revenue declines, Beyond Meat executives say they hope to turn the corner in 2024 with new product innovations, SKU rationalization, and price increases, but the company's fourth quarter and full-year results show more obstacles for the plant-based leader.... Read more
Oishii raises $134m in turbulent time for vertical farms to expand production, distribution & its portfolio
Vertical farm Oishii, known for its premium strawberries and more recently a high-end tomato, is building out a larger, more sustainable facility that will increase its production capacity by “multiple folds” with the help of a $134m Series B fundraise announced today.... Read more
Mondelez North America poised for growth after ‘fixing’ its foundation to focus on value creation, not cost reduction
Mondelez has “fixed the foundations” of its North American business and is now poised to “unlock new opportunities” in the region with a four-prong plan that executives say will deliver low- to mid-single-digit revenue growth in the coming years.... Read more
Reformulating Ben & Jerry’s dairy-free: Why Unilever swapped out nuts and seeds for oats
Having experimented with almond and sunflower bases for Ben & Jerry’s vegan ice cream products, Unilever is changing tack.... Read more
Beyond Meat’s new burger and beef platform promises improved nutrition and taste
The Beyond IV platform expands on previous Beyond Burger and Beyond Beef recipes with improved nutritional content and a simplified ingredient list that align with cleaner labels, and serves as the “most significant change to the [recipe],” Shira Zackai, chief communications officer, Beyond Meat, told FoodNavigator-USA.... Read more
Hershey’s strategy for sweet success focuses on gummies, celebrities and Reese
The Hershey Company may be best known for its eponymous chocolate bars, but the company is betting big on gummies this year with significantly increased production capacity to support innovation and a new partnership model, including a collaboration with National Basketball League start Shaquille O’Neal.... Read more
 Soup-To-Nuts Podcast: Sustainability takes center stage in storytelling
Sustainability may not be as highly prioritized as taste or price in purchase decisions for food and beverage, but research suggests it is increasingly important to consumers -- especially younger shoppers who are coming into their buying power.... Listen now
The case against ultra-processed food: 'UPF is designed to increase consumption and profit'
Do ultra-processed foods lead to poor health outcomes by definition? A ‘hyper-literal’ focus on definitions is not the point, suggest Henry Dimbleby and Chris van Tulleken: ‘ultra-processed food’ as a category encapsulates the toll that an industry dominated by industrially-produced food has taken.... Read more
General Mills reaches ‘transition point’ with digitization investments ready to pay off
General Mills is ready to “unleash” the growth potential of its carefully constructed digital capabilities, including e-commerce, data-driven marketing and supply chain digitization, in which it has made “significant investments” over the past five years, CEO Jeff Harmening told investment analysts this week at the Consumer Analyst Group of New York meeting.... Read more
Nestlé consumers trade down, favour private label amid ‘unprecedented’ inflation
While the FMCG major’s volume growth suffered in 2023, the company is observing boosted demand for both affordable and premium products.... Read more
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[EDITORIAL WEBINAR] - The Future of Seafood
[EDITORIAL WEBINAR] - The Future of Seafood
Join our editorial webinar on March 13 at 11 AM CT | 6 PM CET to explore the future of seafood—sustainability, innovation, and meeting consumer demands in a changing landscape. - REGISTER NOW... click here
SUPPLIERS
New Culture self-determines GRAS status for its animal-free casein
New Culture self-affirms its animal-free casein is Generally Recognized As Safe following an independent review of experts, which brings it one step closer to selling its animal-free cheese in retail, while strengthening its partnerships with foodservice and restaurants, Matt Gibson, the company’s CEO and co-founder explained to FoodNavigator-USA.... Read more
Kroger’s acquisition of Albertsons in jeopardy, as FTC sues over antitrust concerns
The Federal Trade Commission (FTC) is suing grocery giant Kroger over its acquisition of rival Albertsons for alleged anticompetitive concerns that could adversely impact consumers.... Read more
IFF’s new CEO on rightsizing business: ‘Synergy became the goal instead of a tool’
Fragrance and ingredient giant IFF could divest segments of its business as part of a larger strategy to rightsize the company after failing to capitalize on a merger with Dupont Nutrition and Biosciences that sent its stock price tumbling, new CEO J. Erik Frywald told investors last week at the Consumer Analyst Group of New York’s annual meeting.... Read more
Dawn Foods expands ready-to-use portfolio with new chocolate buttercream
Bakery ingredient supplier Dawn Foods launched a European-style chocolate buttercream that is ready to use for bakers, Allison Hornev, senior director marketing core portfolio & innovation, told FoodNavigator-USA.... Read more
UPCOMING SUPPLIER WEBINARS
Sweet Solutions: Exploring the Future of Sugar Reduction
Eager to reduce the sugar in your products by up to 50%? Don't miss out on an engaging discussion with Dr. David Tsivion, CO-CEO & CTO, Incredo®, a global food-tech powerhouse and the creators of Incredo® Sugar, and Melissa Tisoncik, R&D Vice President, Blommer Chocolate, the...
27-Mar-2024
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UPCOMING EDITORIAL WEBINARS
The Future of Seafood
With concerns over sustainability, climate change and evolving consumer preferences, the seafood industry is at a pivotal crossroads. In this webinar, industry experts come together to discuss the challenges and opportunities that lie ahead. From plant-based seafood and aquaculture advancements to the promise of cultivated...
13-Mar-2024
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MARKETS
Veganuary 2024: Success or failure?
Veganuary has historically led to a significant uptick in consumption of vegan food products. However, with the plant-based sector in decline, and a cost-of-living crisis sweeping much of the world, can the early-year vegan fervour continue apace?... Read more
Under the sea and beyond: Register today for Future of Seafood free editorial webinar
From cultivated and plant-based seafood to aquaculture’s evolution, the seafood category offers advancements in taste, texture, nutrition and sustainability as a protein source for a booming global population. FoodNavigator-USA’s free editorial webinar, Future of Seafood, will explore these the evolution of seafood in an hour-long discussion with experts on March 13, 2024, at 11 AM CT.... Read more
Octopus farming: California becomes latest state to chew over ban
Proposals to ban octopus farms in the US state follow similar moves in Washington and Hawaii and come as controversy about plans to build the world’s first octopus farm in the Spanish Canary Islands continues.... Read more
When's the right time for a rebrand?
Pepsi, Ocean Spray and Nescafé have all debuted new looks so far in 2024. Marketing teams tell us how they know when it's the right time for a refresh.... Read more
Yali Bio develops breast milk compound from yeast for improved infant formula
Yali Bio created a fat called OPO that is naturally found in high concentrations in human breast milk, which opens the potential to improve infant formula and highlights precision fermentation as a “clear technology fit” to produce an ingredient that previously was too expensive to source, Yulin Lu, CEO, Yali Bio, explained to FoodNavigator-USA.... Read more
ONLINE EVENT
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Pet Food Digital Summit | 5-6 March
Pet Food Digital Summit | 5-6 March
Join us online on 5-6 March for the Pet Food Digital Summit brought to you by FeedNavigator. We will explore the microbiota science, sustainability, premium categories and safety. Register for free... click here
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