foodnavigator-usa News Headlines Week 33

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News & Analysis on Food & Beverage Development - North America

19-Aug-2022

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MANUFACTURERS

Lavva CEO and founder talk mainstream potential of plant-based yogurt: 'The growth is very analogous to Greek yogurt'

Still a niche segment within the plant-based food category, plant-based yogurt is poised to become a much larger piece of the chilled dairy set as consumers find products that can closely mimic the taste and mouthfeel of its conventional dairy counterparts, claim Lavva founder Liz Fisher and new CEO of the brand Jeff Lichtenstein.... Read more

Laird Superfood receives takeover offer

Health and wellness company Laird Superfood has confirmed its receipt of an unsolicited offer from EF Hutton SPV I LLC to acquire the company's outstanding common stock for $3.00 per share in cash.... Read more

Food as medicine continues to gain traction and inspire innovation post-pandemic

The acute health threat of COVID-19 may be ebbing for most Americans, but the desire it instilled in many to bolster their physical and mental wellbeing continues to push consumers to seek food as medicine, according to industry insiders.... Read more

SunOpta CEO: âWeâre selling every drop of oatmilk we can makeâ

The âhuge betâ SunOpta has placed on oatmilk through an aggressive series of investments in production capacity âhas absolutely paid off,â says CEO Joe Ennen as the firm gears up to open a new aseptic production facility in Midlothian, Texas and expand its operations in Modesto, California.... Read more

US honey consumption hits record highs as domestic production steadily drops, USDA report

US honey consumption reached record highs last year while domestic production dropped to its lowest since 1991, primarily due to lower yield per colony, according to USDAâs latest sugars and sweeteners outlook report, which notes that imports have surged to fill the supply deficit.... Read more

How useful is âultra-processedâ as a tool to measure packaged foodsâ health impact?

So-called âultra-processed foods,â which include a significant portion of CPGs, are often demonized as calorie-dense, nutrient-poor and a major contributor to diet-related chronic diseases, but is this characterization an oversimplification that is just as bad for Americanâs health?... Read more

Walmartâs lower grocery prices attract wealthier Americans as food inflation continues to rise

Food elasticities are finally ticking up as middle- and upper-income consumers whose spending so far has remained resilient in the face of rising inflation begin to feel pinched â prompting them to shift to more affordable retailers, including Walmart.... Read more

Stray Dog Capital: âTruly astonishingâ innovations afoot in alternative proteins, after you sort through me too products

Itâs easy to see the grim P&L figures at Beyond Meat and Oatly and the recent lackluster performance of some refrigerated meat alternatives in US retail as proof that the entire âalt proteinâ space is a busted flush, but the real picture is more nuanced, says the partner at one high profile early-stage investor in the space.... Read more

'The coffee, tea, and beverage company for Gen Z,' Chamberlain Coffee closes $7m funding round

Chamberlain Coffee, a DTC-focused brand created by YouTube star Emma Chamberlain, has sealed a $7m Series A funding round led by Blazar Capital and a stacked roster of DTC, retail, and beverage industry investors.... Read more

Phyll enters evolving smoothie category to help fill void as big-name brands exit, shift

At a time when pushback against sugar is spurring large CPG players to exit the ready-to-drink smoothie and juice market by off-loading well-known brands, two best friends see an opening for a new line of produce-packed beverages positioned as having âthe same amount of natural sugar as a typical apple,â but with much more protein and fiber.... Read more

JUST Egg reaches price parity with premium chicken eggs: 'It's an opportunity for trial by consumers who may have been on the fence before,' says CEO

As the average retail price of chicken eggs has surged 51% in the past year, JUST Egg has reduced pricing for its 12-ounce plant-based liquid egg product by 41%, reaching cost parity with premium chicken egg competitors, according to recent data from the company.... Read more

Soup-To-Nuts Podcast: Mintel shares areas ripe for innovation that balance post-pandemic and tighter financial needs

As Americans continue to adjust to post-pandemic life and mounting economic uncertainty, consumer research from Mintel shows that many believe there is no going âback to normalâ and as such are changing the way they think about, budget and shop for, and ultimately prepare food at home.... Listen now

Why are food prices continuing to go up while inflation eases in other categories?

Notoriously thin operating margins in the food supply chain will likely keep manufacturers and retailers from incrementally lowering prices even as input costs begin to come down â preferring instead to wait until the economic landscape stabilizes and the threat of a recession is better understood, industry insiders predict.... Read more

Zevia grows and diversifies consumer base: 'We're seeing very limited price sensitivity,' says CEO

In the face of an unrelenting inflationary environment, zero sugar soda brand Zevia is reporting continued growth and consumer adoption of its products, especially in the club channel.... Read more

'Plant cell culture is now emerging from a very cold winter...' Cell-cultured chocolate startup California Cultured turns attention to coffee

Microbes can produce a host of ingredients traditionally made by plants or animals more sustainably and efficiently. But if you want to make complex plant-based ingredients such as coffee or cocoa, single-celled microorganisms such as yeast and bacteria arenât going to cut it, says Davis, CA-based startup California Cultured. Which is where plant cell culture comes in, says co-founder and CEO Alan Perlstein.... Read more

Prices for key food commodities remain high even as overall wholesale costs dip

In another sign that inflation may be peaking, wholesale prices fell month-over-month for the first time in July since April 2020, but commodities remain significantly higher than last year, suggesting it may be well into next year before food manufacturers see notable relief and even longer for consumers.... Read more

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SUPPLIERS

Botanical yields fall as climate change affects harvests

Extreme weather events from heat waves and droughts to âhundred-year stormsâ happening every two years, the impact of climate change is obvious. And few industries are witnessing the impact as much as botanical supply chain.... Read more

Natural preservatives: Kerry accuses Florida Food Products of infringing cultured celery juice patent; FFP says patent 'should never have been issued'

A row is brewing in the multimillion-dollar natural preservatives arena as Kerry Group and Florida Food Products square off in the courts over label-friendly alternatives to synthetic nitrites for use in cured meats, with Kerry accusing FFP of infringing its patent, and FFP arguing that the patent in question is invalid.... Read more

ON-DEMAND WEBINARS

How effective cold chain management can make your business more sustainable

How do we meet increasing food demands more efficiently and sustainably? Join Muddy Boots by TELUS Agriculture to explore how data insights and digital solutions like cold chain management can enhance food production, while improving profitability, safety and quality. Also, with increasing interest in sustainability,...

27-Jul-2022

Low-and-No-Sugar Beverages: From Soda 2.0 to Flavored Waters

Beverage brands are under increasing pressure to reduce or eliminate sugar as consumers look to avoid âempty caloriesâ or âdrinking their calories.â We bring together a panel of experts to explore whatâs trending in the low and no sugar arena, from low-sugar drinks for kids...

26-Jul-2022

Alt Meat: Innovation shaping the future of alternative meat

To date, innovation has driven phenomenal growth in plant-based meat alternatives.

08-Jun-2022

Alt Meat: Can plant-based take a bigger bite out of the meat market?

The rise-and-rise of plant-based alternatives is well documented, as innovation brings what was once a niche proposition into the mainstream.

08-Jun-2022

Flexitarianismo: de vegi-turistas a veganos foodies. Utilice los ingredientes nutritivos de origen vegetal de BENEO.

BENEO le ayuda a desarrollar opciones inspiradas en vegetales que son deliciosas. Mejore su receta con ingredientes naturales y cree una experiencia de sabor que los consumidores disfrutarÃ¡n por completo.

02-Jun-2022

Dairy trends: From zero-sugar to 'animal free'

From a wave of ultra-low sugar yogurts and zero sugar dairy milk to a new generation of animal-free cheese, ice cream and creamers made with ârealâ dairy proteins (minus the cows), we explore whatâs trending in the dairy aisle.

18-May-2022

MARKETS

USDA earmarks millions for farmers markets, prescription produce and farm to school programs to âtransform the food systemâ

Farmers markets are more than a popular summer destination for Americans who want to learn where their food comes from â they also play a key role in Federal nutrition programs and the governmentâs plan to transform the food system to better support small businesses and ease food insecurity.... Read more

How will the war in Ukraine impact food security in 2023?

In a worst-case scenario, McKinsey is predicting a food deficit representing a yearâs worth of nutritional intake for up to 250m people â or 3% of the global population.... Read more

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