The Latest
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Ferrero unwraps first chocolate factory in North America
The Bloomington, Illinois, expansion will make major brands like Kinder, Ferrero Rocher, Butterfinger and Crunch.
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Column
Leftovers: Graza olive oil cracks a cold one | Kraft Heinz grills up Stuffed Dogs
Oscar Meyer launched a cheesy stuffed hot-dog in time for the summer sun and a Milwaukee-based pizza company is trading in its crust for bowls.
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B&G Foods exploring sale of Green Giant frozen, canned vegetable businesses
The Crisco and Ortega owner is considering divestitures representing 10% to 15% of its consolidated net sales to focus its operations and lower its debt.
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Column
The Weekly Sip: Canned cocktails boost AB InBev | Powerade puckers up with sour flavor
The brewer said RTD spirit-based drinks like Cutwater and Nütrl are offsetting losses in U.S. beer, and Waterloo’s latest sparkling water finds inspiration from libations like mojitos and rosé.
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4 startups taking the cocoa out of chocolate
With cocoa prices rising and sourcing scarce, companies are looking to alternatives and raising more than $110 million in equity funding, according to a recent report.
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Column
Ingredients in Focus: Sweegen launches flavor tool to compete with sugar
As sweet protein products rise in popularity, more flavor innovators are looking to develop products to create better-for-you food products.
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Snickers owner Mars commits $47M to slash dairy emissions
The CPG giant is testing seaweed feed supplements and plans to open three "net zero" farms as it looks to halve its carbon footprint by 2030.
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The Ozempic effect is real: Study zeroes in on GLP-1 users’ food needs
Food startups have an opportunity to jump on the snacking needs of this new demographic with products focused on protein, portion size and hydration.
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Meati bucks trend and gets $100M funding boost
While the alternative meat sector has been struggling to raise funds, the company is on its way to its goal of becoming a household name.
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Prioritizing growth, Caulipower names former PepsiCo exec as CEO
Tyler Ricks’ 30 years of experience in food and beverage includes work with brands eventually acquired by large CPG firms, such as Plum, Bear Naked and Yasso.
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Del Monte Foods boosts production, distribution of fast-growing bubble tea brand
Joyba's success comes amid broader momentum in the global bubble tea market, with sales projected to nearly triple to $6.2 billion by 2032.
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Deep Dive
Surging air fryer popularity leads Nestlé, other CPG giants to rethink food
Once a novelty, the gadget’s presence in nearly two-thirds of U.S. homes has forced manufacturers to play catch-up and flood the market with compatible products.
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Impossible Foods CEO on the importance of first impressions
With headlines circulating around the declining sales in the plant-based category, Peter McGuinness believes it’s “ill-defined.”
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Nestlé deepens cold coffee presence with Nescafé concentrate
The liquid allows the CPG giant to further tap into the cold segment, which was responsible for a third of all cups consumed in 2023 and is especially popular among younger individuals.
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Tyson Foods posts mixed earnings as chicken shows momentum
Executives issued a cautious outlook for the rest of the fiscal year due to higher commodity costs and demand uncertainty.
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Kellanova’s ‘stronger commercial plans are taking hold’ after raising prices, CEO says
The Pringles and Cheez-It maker outperformed Wall Street expectations but faced headwinds from a decline in volumes in its most recent quarter.
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Butterfly splits Bolthouse Farms into two companies
Generous Brands, the new juice and protein drinks business, will be helmed by Kraft Heinz veteran Steve Cornell. Timothy Escamilla, former president of Dole Fresh Vegetables, was appointed CEO of Bolthouse Fresh Foods.
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Just Ice parent shifting scarce resources to fast-growing tea, pulling back on snacks
Eat the Change started selling environmentally friendly, nutrient-dense treats before moving into beverages in 2022 after Coca-Cola discontinued its organic Honest tea brand.
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Kraft Heinz sells TGI Fridays frozen appetizers for perpetuity under revised deal
The restaurant brand is “an important part” of the packaged food company’s portfolio and “a growth driver” for its North American business, a top executive said.
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Mondelēz brings $1B Chips Ahoy! brand into gluten-free category
The snacking giant also sells Oreos that avoid the wheat protein as the company appeals to the 25% of Americans who adhere to the diet.
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Column
Leftovers: Fresh Del Monte pineapples turn red | Little Bites get a little less sweet
The unique fruit resulted from crossbreeding different varieties in Costa Rica, and General Mills purchases regeneratively grown almonds for its latest snack bar.
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Healthy soda brand Poppi denies being M&A target of large beverage companies
The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.
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Q&A
‘We’re basically flying blind’: An epidemiologist’s take on the US response to bird flu
Katelyn Jetelina, a public health expert and CDC advisor, explains why an outbreak in dairy cows is likely bigger than previously thought and what farm workers should be doing to protect themselves.
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How reclassifying marijuana could benefit beverages
The U.S. Drug Enforcement Administration is set to reclassify the drug as Schedule III, which experts say could help companies in the space increase their cash flow and innovation because of looser taxation.
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Consumers seeking better-for-you options to drive the food ingredients market: report
More food companies are investing in developing innovative solutions through technology to manufacture “next-generation alternative proteins” and other ingredients.