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Monster Energy acquires US brewery collective

Monster Energy acquires US brewery collective

24 Jan 2022

In order to expand into the alcohol space, Monster Energy acquired the craft beer and hard seltzer company Canarchy Craft Brewery Collective for $330 million in cash, according to a press release. The transaction brings the brands Cigar City, Oskar Blu...

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High-fat diets fuel interest in pili nuts

High-fat diets fuel interest in pili nuts

24 Jan 2022

The popularity of high-fat diets, such as the paleo and ketogenic diet, is fuelling consumer interest in novel sources of healthy fats, such as pili nuts.

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Less sugar, more fibre: How brands can leverage ‘two-in-one’ reformulation

Less sugar, more fibre: How brands can leverage ‘two-in-one’ reformulation

23 Jan 2022

Combining natural sweeteners with fibres to replace the sweetness and bulk of sugar is a two-in-one reformulation approach that allows brands to make two appealing on-pack product claims: less sugar and more fibre.

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Chobani debuts plant-based coffee creamer

Chobani debuts plant-based coffee creamer

21 Jan 2022

After two years of producing dairy- and oat-based coffee creamers, Chobani is branching into plant-based coffee pairing options with the debut of Chobani Plant-Based Coffee Creamers. These creamers come in four flavors: Caramel Macchiato, Chocolate Haz...

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Codex approves global framework for stevia production

Codex approves global framework for stevia production

21 Jan 2022

Codex Alimentarius has adopted a Framework for Steviol Glycosides approving four different technologies for the production of the sweetener, a move that stakeholders say will ‘benefit the entire stevia industry’.

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India stands out as a promising market for plant-based growth

India stands out as a promising market for plant-based growth

20 Jan 2022

Irish ingredients company Kerry identified India as a particularly high-growth market for plant-based proteins. Thanks to the fact that one-third of India’s population identifies as vegetarian while the remaining 70% regularly eat meals without meat, t...

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White House gives $1B to combat inflated meat prices in the US

White House gives $1B to combat inflated meat prices in the US

19 Jan 2022

The U.S. White House announced in early January that it will contribute $1 billion in American Rescue Plan funding to independent meat processors in order to increase competition within the industry and lower protein prices. This plan includes $375 mil...

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Animal-free dairy company raises $120M for commercialization

Animal-free dairy company raises $120M for commercialization

18 Jan 2022

Israeli animal-free dairy company Remilk raised $120 million in a Series B funding round led by Hanaco Ventures with participation from a number of other investors, including Impossible Foods backer CPT Capital, plant-based protein company Just, Yofix,...

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PepsiCo creates potato chip vodka, sells out in hours

PepsiCo creates potato chip vodka, sells out in hours

17 Jan 2022

PepsiCo took another step into the alcohol category when it launched Lay’s Potato Vodka in December. However, this foray into alcohol did not last long as the trial product sold out in a matter of hours, according to a post by the company on Twitter.

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What do Europeans really want from plant-based foods?

What do Europeans really want from plant-based foods?

17 Jan 2022

Familiar ingredients, more product choice and lower prices are just some of the attributes European consumers are looking for in plant-based foods, according to the findings of a recent ProVeg consumer survey.

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Indian multinational moves into plant-based burgers and nuggets

Indian multinational moves into plant-based burgers and nuggets

14 Jan 2022

ITC, one of India’s largest corporations, announced it is entering the plant-based protein space through its ITC Master Chef brand where it will launch burger patties and chicken nuggets made from alternative protein sources. The conglomerate’s food bu...

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Shoppers expect increases in grocery bills for 2022

Shoppers expect increases in grocery bills for 2022

13 Jan 2022

Eating at home in the U.S. just became 15% more expensive on an annual basis, according to a new study from KPMG. The survey noted that on average, the projected household food budgets will increase $79 per month to $611 as compared to 2021. Overall, t...

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