Latest News in the food Industry

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Frozen food remains a hot commodity as pandemic endures

Frozen food remains a hot commodity as pandemic endures

6 Jan 2021

Frozen food sales continue to outpace the growth of all food items in the grocery store, according to data from IRI and the International Dairy Deli Bakery Association (IDDBA). Total sales of frozen products rose 17.4% from November 2019 to November 20...

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Coca-Cola cuts 2,200 jobs and restructures

Coca-Cola cuts 2,200 jobs and restructures

5 Jan 2021

The saying, new year, new you has a whole new meaning for the soda corporation Coca-Cola that is reducing its workforce by 2,200 people in an effort to restructure and respond to ripple effects from the pandemic. Layoffs and buyouts in the U.S. will co...

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Singapore becomes first country to approve lab-grown meat

Singapore becomes first country to approve lab-grown meat

4 Jan 2021

The Singapore Food Agency, the city state’s regulatory body for food, approved San Francisco startup Eat Just’s cell-based meat chicken product, paving the way for its sale in the country.

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Plant-based Cure Hydration raises $2.6 million, plans expansion

Plant-based Cure Hydration raises $2.6 million, plans expansion

18 Dec 2020

Functional hydration brand Cure Hydration announced it closed a $2.6 million seed funding round led by led by Lerer Hippeau with additional participation from M3 Ventures, Litani Ventures, Andy Roddick, Nas, Matthew Dellavedova, Philip Krim, co-founder...

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The Cocoa Barometer report shows few improvements in cocoa industry

The Cocoa Barometer report shows few improvements in cocoa industry

17 Dec 2020

Despite 20 years of rhetoric from companies promising to undertake initiatives that will increase the standard of living for farmers in cocoa-producing countries as well as mitigate the environmental impacts associated with cocoa production in regions ...

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Chobani coconut yogurt is now Fair Trade certified

Chobani coconut yogurt is now Fair Trade certified

16 Dec 2020

Greek yogurt maker Chobani announced that its coconut yogurt blends are now made with Fair Trade Certified coconuts, saying that it is the first national brand to earn this certification for a coconut blend in the yogurt aisle. The Fair Trade Certified...

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Danone to cut 2,000 jobs to save $1.2B by 2023

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

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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Abbott launches infant formula with immune component

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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Lactalis moves more brands into Indian market

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

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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Report: Food and Beverage spending anticipated to rise during holidays

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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