Latest News in the food Industry
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Danone to cut 2,000 jobs to save $1.2B by 2023
15 Dec 2020
Danone will cut up to 2,000 jobs from its 100,000-person workforce, including up to 25% of the positions at its global headquarters in France. The company will undertake these reductions in a restructuring effort to save €1 billion ($1.2 billion) by 20...
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Kraft and Mondelez brands are moving toward gluten-free
14 Dec 2020
Kraft Heinz and Mondelez are expanding further into the gluten-free space with the release of gluten-free Kraft Macaroni & Cheese and gluten-free Oreos respectively. Kraft Heinz’s mac and cheese is now available, but Mondelez will not launch its new Or...
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Halal harmonisation opens doors for food exporters
14 Dec 2020
The food industry is benefitting from steps to harmonise halal standards globally, including recent guidance for halal food additives– but more progress is required, according to a report.
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Finnish coffee brand Meira launches a bio-based sustainable cup
11 Dec 2020
Helsinki-based coffee roaster Meira released a new line of coffee called Vallilan Paahtimo with the aim of offering a more sustainable cup of coffee – both inside and out. The coffee is a single-origin, sustainably grown variety that is then packaged i...
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Abbott launches infant formula with immune component
10 Dec 2020
Infant nutrition company Abbott Nutrition launched its new Similac line Pro-Advance which is its “closest formulation to breast milk” and includes added 2’-FL HMO prebiotic for infant immune support. The company is launching this product in Canada wher...
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Unilever aims to increase its plant-based sales to $1.2B
9 Dec 2020
Unilever announced that it is working to increase sales of its plant-based to €1 billion ($1.2 billion) within the next five to seven years. In addition to this commitment, the company is looking to improve the nutritional and sustainability profiles o...
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Lactalis moves more brands into Indian market
8 Dec 2020
French brand Lactalis is expanding its hold in the Indian market through the launch of its UHT toned Lactel milk brand. These one-liter packs are fortified with vitamins A and D will retail for Rs70 ($0.94).
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Candy maker Mars to acquire Kind North America for $5B
7 Dec 2020
Candy maker Mars will fully acquire bar maker Kind Bar in a deal that is reported to be worth $5 billion. Daniel Lubetzky, the company’s founder told the New York Times, which first reported the deal, that Kind's sales are about $1.5 billion annually. ...
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Immune-boosting product launches in Southeast Asia
7 Dec 2020
Chocolate snacks with adaptogenic mushroom powder, vitamin C jelly, and prebiotic-packed crackers are just some recent product launches in Southeast Asia promising to boost consumers’ immunity as the COVID-19 pandemic drags on.
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Report: Food and Beverage spending anticipated to rise during holidays
4 Dec 2020
The Consumer Brands Association releases a report stating that spending in the food and beverage sector will be up 9.5-11.5% for the season. This forecast jump in spending is in line with CPG sales over three of the last four months which were reported...
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Avian Flu reaches Britain, quarantine measures set
3 Dec 2020
In November, the first cases of avian flu were detected in the UK prompting the government to set up biosecure prevention zones across England, Scotland and Wales. Since then, the number of cases has continued to increase in both domestic and wild popu...
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Despite warnings, aspartame remains an authorized additive in the UK
2 Dec 2020
When the UK exits the European Union come the new year, there will not be any change to the list of authorized food additives. This post-transition list will continue to permit aspartame as a food additive despite studies suggesting that its consumptio...
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