| From 22-May-2020 to 29-May-2020 |
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Hazelnuts are primed for growth as new variety of trees triple US production After years of living in the shadow of well-funded and aggressively marketed pistachios, almonds and walnuts, Oregon hazelnuts are now ready to inspire manufacturers and consumers as the star ingredient in new products thanks to a new cultivar and a steady replanting effort that has nearly tripled supply... Read Good Good closes $3m funding round to fuel growth of its no-sugar-added brand of jams, syrups, and spreads Icelandic brand Good Good, which makes no-sugar-added jams, syrups, and a chocolate hazelnut spread sweetened with stevia and erthyritol, has closed a $3m Series A round of investment led by Icepharma, AtonJL and Svanhildur Nanna Vigfusdottir along with other private investors located in the US and Europe... Read NAD rules some Benefiber prebiotic supplements canât be called ânaturalâ The National Advertising Division has ruled that GSK must stop calling some of its Benefiber prebiotic supplements â100% natural.â Itâs a ruling that could be viewed as troublesome for other prebiotic ingredients... Read Wake up and smell the ⦠peanuts? Virginia Gold Peanut Coffee offers novel twist on classic drink With the invention of peanut coffee, fifth generation peanut farmer James Harrell found a way to combine in one product the rich history and future of his hometown of Suffolk, Va., which as the headquarters for Planters Peanuts was once known as the âpeanut capital of the worldâ before an influx of prominent coffee companies inspired the new moniker âcaffeine capital.â.. Read ADM and Marfrig to launch plant-based protein joint venture, PlantPlus Foods Global ingredients company ADM and beef producer Marfrig have agreed to create PlantPlus Foods, a plant-based protein joint venture serving North and South American markets... Read New brand Butterfly aims to bring function and fun to the nut butter category Los Angeles-based Butterfly is adding some variety to the nut butter category with its functional, yet "fun and delicious" nut butters that come in experimental flavors such as chocolate reishi and savory rosemary... Read Investing in the Future of Food: Mintel Disruptor provides startups access to much-needed data âGut feelingsâ often form the foundation of startups, but to scale a business successfully, especially in times of crisis, entrepreneurs need more than that â they need data that shows where their brand fits in the competitive landscape and where consumers are headed so they can pivot as needed to remain relevant... Watch now Japanese cell cultured meat co IntegriCulture raises $7.4m, aims to commercialize foie gras in 2021 Tokyo-based cell-cultured meat company IntegriCulture has raised JPY 800m (US$ 7.4m) in a Series A round that will help it advance its mission of âdemocratizing cellular agricultureâ and build a production facility to take slaughter-free foie gras to market in 2021... Read Good PLANeT Foods raises $12m to expand its plant-based cheese empire Allergen-friendly plant-based cheese brand GOOD PLANeT Foods has raised $12m in a series A round led by Cleveland Avenue, and supported by GreatPoint Ventures, Tasseo Consumer, Stray Dog Capital, and Lever VC... Read NEWS IN BRIEF Plant-based foods outpace total food sales during pandemic, PBFA and SPINS data shows New data from the Plant Based Foods Association (PBFA) and SPINS shows that US retail sales of plant-based meat, cheese, tofu, and tempeh outpaced total food retail sales for the 16 weeks ending April 19, 2020... Read E-commerce expert: âThis is a great entry time for new and small brands to flourish on Amazonâ The uneven impact of the coronavirus on sales of food and beverage brands of different sizes has created an opportunity for smaller and emerging companies to drive consumer awareness by advertising on Amazon at a scale that previously would not have been affordable or available, according to an e-commerce expert... Read Apeel Sciences raises $250m to tackle food waste, with help from Oprah, Katy Perry: âWhat weâre selling is timeâ Apeel Sciences â the Santa Barbara-based firm behind an invisible plant-based edible skin that can dramatically extend the shelf-life of fresh produce â has raised $250m in a funding round led by GIC that gives it a valuation north of a billion dollars... Watch now FDA grants temporary labeling flexibility for non-allergen minor ingredients With many food manufacturers experiencing difficulties in sourcing some ingredients during the pandemic, the FDA is allowing temporary flexibility in food labeling requirements enabling them to make minor formulation changes without updating labels, provided they are not introducing allergens or foods known to cause sensitivities... Read Plant-based meat: Rebellyous Foods pivots to retail; Lightlife, Field Roast gain momentum Rebellyous Foods â a Seattle-based startup that has been targeting high-volume foodservice accounts with plant-based chicken nuggets â has made a dramatic pivot to retail with the launch of family-packs at select retailers in the Pacific Northwest... Read Miyokoâs Creamery experiments with higher protein products, gears up for battle over plant âbutterâ labels Plant-based dairy brand Miyokoâs Creamery â which built an artisan cheese brand based on cashew nuts but has since introduced new products featuring legumes and oats - is experimenting with a novel ingredient thatâs naturally high in protein, and developing new packaging that will enable fans to see its cheese products before they buy... Read Walmart leads in online grocery during coronavirus, but will it last post-pandemic? Nearly a quarter (24%) of consumers have taken their grocery shopping online in the months of March and April 2020 compared to 6% in 2019 highlighting the need for retailers to provide a seamless shopper experience between in-store, pickup, and delivery options, according to human behavior and analytics firm Escalent... Read | |