Latest News in the food Industry

Market News

Singapore snacking startup making indulgent foods healthy grabs $3M in funding

Singapore snacking startup making indulgent foods healthy grabs $3M in funding

12 Aug 2021

Singapore-based Hoow Foods, which develops better-for-you versions of indulgent snacks and ingredients using artificial intelligence (AI), announced it secured S$3 million in a Series A funding round. The round was led by Singapore-based venture firm F...

Read more 
Molson Coors set to discontinue 11 of its economy brands

Molson Coors set to discontinue 11 of its economy brands

11 Aug 2021

In its most recent quarterly earnings call, beer titan Molson Coors announced that it will discontinue 11 of its value brands, some of which have strong regional loyalty. In total 100 SKUs will no longer be available.

Read more 
Coca-Cola sells its first nonfungible token

Coca-Cola sells its first nonfungible token

10 Aug 2021

Beverage giant Coca-Cola auctioned off its first-ever NFT or nonfungible token to commemorate International Friendship Day on July 30. Proceeds from the action, which totaled 217 ETH or $569.805, went to Special Olympics International.

Read more 
Beyond Meat launches chicken tenders in US foodservice

Beyond Meat launches chicken tenders in US foodservice

6 Aug 2021

Beyond Meat now serves plant-based chicken nuggets at over 400 foodservice retail outlets in the United States. Its nuggets are made with a fava bean and pea protein base that the plant-based protein titan says customers consider to be on par with real...

Read more 
Quorn invests in new French extrusion technology

Quorn invests in new French extrusion technology

5 Aug 2021

Heritage plant-protein maker Quorn awarded its most recent Future Food-Tech Innovation Challenge award to French startup Umiami for the company's novel extrusion technology process that promises thicker, more realistic cuts of plant-based protein.

Read more 
Chobani quietly files for IPO with expected $10B valuation

Chobani quietly files for IPO with expected $10B valuation

4 Aug 2021

In early July, Greek yogurt producer Chobani quietly and confidentially filed for an IPO with an anticipated valuation of more than $10 billion, Reuters reported. The company has not yet determined the number of shares it will sell nor the price range ...

Read more 
Plant-based nugget prices cheaper than real chicken

Plant-based nugget prices cheaper than real chicken

3 Aug 2021

Chickenflation is a real thing, and plant-based protein maker Alpha Foods is taking advantage of skyrocketing chicken prices to grab the attention of non-meat eaters and meat eaters alike.

Read more 
Chewing gum sales blow up in the U.S.

Chewing gum sales blow up in the U.S.

2 Aug 2021

As more people return to public life in the United States, gum sales are beginning to balloon following two years of sales declines, Bloomberg reported.

Read more 
European eco label scheme set to launch in 2022

European eco label scheme set to launch in 2022

29 Jul 2021

International industry titans from the food and beverage industry have come together with supermarkets and environmental scientists to form a non-profit that will launch front-of-pack eco-scores across Europe this September.

Read more 
World’s first waxed vegan cheese wheels launch in Netherlands

World’s first waxed vegan cheese wheels launch in Netherlands

28 Jul 2021

A Netherlands-based cheesemaker called Max&Bien debuted the world’s first vegan cheese wheel coated in paraffin wax to emulate traditional-style Dutch cheeses. This vegan cheese comes in 1.2-kilogram wheels for cheese and delicatessen stores as well as...

Read more 
Clif Bar & Co expands further into the cereal aisle

Clif Bar & Co expands further into the cereal aisle

27 Jul 2021

Clif Bar & Co, which is primarily known for its protein bars, launched its first clean label cereal called Clif Cereal. Its four flavors: Blueberry & Almond Butter, Apple Cinnamon & Almond Butter, Honey & Peanut Butter and Chocolate & Peanut Butter off...

Read more 
Israel's Better Juice closes $8M funding round, plans for US debut

Israel's Better Juice closes $8M funding round, plans for US debut

26 Jul 2021

Better Juice, which produces a sugar-reduction technology for juice, closed an $8 million in seed funding in a round led by iAngels Israel. The Israeli startup said it will use the funding to scale its production of sugar-reduction technology while als...

Read more