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India’s Avid Nutrilabs prepares to export functional coffee products

India’s Avid Nutrilabs prepares to export functional coffee products

24 Nov 2021

Functional instant coffee brand Jomo is forecasting demand for its product to grow by 10 times. In anticipation of that growth, the Avid Nutrilabs-owned company said it is preparing to distribute its product internationally. Next year, the company hope...

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Bloomberg report: General Mills looks to sell Progresso, Hamburger Helper for $3B

Bloomberg report: General Mills looks to sell Progresso, Hamburger Helper for $3B

22 Nov 2021

General Mills is considering selling two of its well-known brands — soup brand Progresso and the ready-to-eat meal brand Helper — for $3 billion, according to a report by Bloomberg News.

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Report: Global wine production is down despite rising export demand

Report: Global wine production is down despite rising export demand

19 Nov 2021

Global wine production is forecast to hit near-record lows this year, according to the International Organisation of Vine and Wine (OIV). Production is 7% lower than the industry’s 20-year average and only slightly above the historically low production...

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JBS signs a deal with Royal DSM to cut cow methane emissions globally

JBS signs a deal with Royal DSM to cut cow methane emissions globally

17 Nov 2021

As part of the COP26 meeting, the world’s largest meatpacker, JBS, announced it has partnered with the Netherlands' Royal DSM to reduce the total amount of methane emissions emanating from JBS’s supply chain. This partnership will begin by first reduci...

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Caju Love startup is making meat out of cashews

Caju Love startup is making meat out of cashews

16 Nov 2021

Hawaiian startup Caju Love recently launched a vegan meat alternative made from cashew fruit. Typically, cashew fruit is considered a waste product in the nut and juice industry, so the company chose this fiber-filled fruit in an effort to create a zer...

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Impossible Foods eyes $7B valuation for ‘inevitable’ IPO

Impossible Foods eyes $7B valuation for ‘inevitable’ IPO

15 Nov 2021

Plant-based protein titan Impossible Foods is reportedly looking to go public on the U.S. stock exchange through an IPO or SPAC listing, Forbes reported. Although there is currently no date set for the filing, the California company is in talks to rais...

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Yali Bio comes out of stealth mode to launch synthetic fat

Yali Bio comes out of stealth mode to launch synthetic fat

12 Nov 2021

Lab-generated, synthetic fat startup Yali Bio is the latest company to raise funds to develop a plant-based alternative fat that mimics animal-derived options. While the company is still a nascent startup, it has already drummed up some institutional f...

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IBM partners with McDonalds to automate drive thru orders

IBM partners with McDonalds to automate drive thru orders

11 Nov 2021

Fast food chain McDonald's announced it is entering into a partnership with IBM to accelerate the development of artificial intelligence technology that will automate the restaurant's drive-thru lanes.

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Source Brewing brews a tribute to Beastie Boys with an IPA beer

Source Brewing brews a tribute to Beastie Boys with an IPA beer

10 Nov 2021

New Jersey-based Source Brewing is paying tribute to the legendary 90s group from its home state with the re-release of Intergalactic Imperial IPA. As a limited release last year, Intergalactic was one of the brewery's most popular creations, selling o...

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Applegate introduces a hot dog with regeneratively grown beef

Applegate introduces a hot dog with regeneratively grown beef

9 Nov 2021

Hormel-owned Applegate Farms, which is known for its natural and organic meat offerings, released The Do Good Dog, a hot dog made from beef raised in a verified regenerative U.S. grasslands system.

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Cell-cultured dairy company maker TurtleTree closes $30M in Series A

Cell-cultured dairy company maker TurtleTree closes $30M in Series A

8 Nov 2021

Singapore’s TurtleTree successfully closed a $30 million Series A funding round led by Verso Capital. This investment is one of the largest rounds to date in Asia’s cell-based food sector and brings TurtleTree’s total investment figure to $40 million.

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Sweden’s Nick’s lands $100M funding Round

Sweden’s Nick’s lands $100M funding Round

5 Nov 2021

Better-for-you ice cream and snack brand Nick’s closed a $100 million funding round led by Kinnevik, Ambrosia and Temasek with participation from Gullspang. The company said these funds will be allocated to expanding its portfolio of healthy snacks usi...

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