Impossible Foods raises $500M, bringing its lifetime funding to more than $2B
Impossible Foods closed a $500 million funding round, bringing its lifetime funding to more than $2 billion. This latest round was led by Mirae Asset Global Investments. Other participants were… Lire la suite >>
Thanksgiving dinner costs rise due to inflation and supply chain challenges
Thanksgiving dinner is likely to be more expensive this year thanks to inflation and supply chain issues, according to the American Farm Bureau Federation’s annual price survey. The total cost… Lire la suite >>
Del Monte Foods leans into upcycled food movement with canned vegetable certification
Del Monte Foods has announced what it said is the industry’s first canned vegetable product to be certified by the Upcycled Food Association under its new upcycled certification program. Lire la suite >>
General Mills launches animal-free dairy cheese brand Bold Cultr
General Mills has officially entered the animal-free dairy category with its new brand Bold Cultr. The company is launching cream cheese made with Perfect Day’s fermentation-created dairy proteins under the… Lire la suite >>
Beyond Meat shares tumble after company reports lower-than-expected revenues
Beyond Meat’s shares plunged about 18% in after-hours trading after the plant-based meat company reported lower-than-expected earnings on Wednesday evening. In the most recent quarter, Beyond Meat posted sales growth… Lire la suite >>
As strike enters its sixth week, Kellogg wrestles with cereal supply
Kellogg CEO Steve Cahillane told Bloomberg last week that the company is importing cereal from outside the U.S. — saying it will « leverage the totality of its global network » across… Lire la suite >>
TreeHouse Foods exploring options that could include sale
TreeHouse Foods is exploring options that could include a sale of the company or a divestiture of a large portion of its meal prep business in an effort to focus… Lire la suite >>
How the rise in grocery e-commerce is reshaping food marketing
There is no disputing it: The COVID-19 pandemic dramatically changed how people shop for food. From reenergizing the frozen aisle and center of store, to ushering in a new wave… Lire la suite >>
Coca-Cola buys rest of BodyArmor for $5.6B in company’s largest-ever purchase
Coca-Cola is spending $5.6 billion to purchase the remaining 85% stake it doesn’t currently own in sports drink maker BodyArmor, the company said Monday. The acquisition is the largest ever… Lire la suite >>
Mondelēz launching vegan Cadbury bar
Mondelēz International will roll out a Cadbury Plant Bar, a plant-based vegan alternative, in the U.K. and Ireland starting next month, the company said in a statement. The product, which… Lire la suite >>
75% of cell-based meat companies prefer the term ‘cultivated’ for their products
Three-quarters of all companies that make meat from animal cells prefer to call their products « cultivated meat, » according to a survey conducted by the Good Food Institute last month. The… Lire la suite >>
How Aqua Cultured Foods plans to own the whole cut seafood analog space
The startup uses a combination of fermentation techniques to make products that have a look, texture and nutritional profile similar to those from animals. Lire la suite >>