Latest News in the food Industry
Market News
Swedish brand Oatly files for U.S. IPO
2 Mar 2021
Swedish oat milk brand Oatly submitted its filing to the U.S. Securities and Exchange Commission for an initial public offering on the U.S. stock exchange. This late February filing did not detail the number of shares Oatly proposes to release nor thei...
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Euromonitor outlines top food trends for 2021
1 Mar 2021
The pandemic unquestionably altered consumer behavior, and going into 2021, Euromonitor International released a report detailing just how different those behaviors will be in a world that is acclimatizing to the realities of a COVID-present world and ...
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The fish and seafood alternative boom in Asia
1 Mar 2021
The popularity of fish and seafood in Asia has fuelled a rise in recent plant-based and cell-cultured product development and strategic investment. Products that cater to local palates are crucial to ensuring consumer engagement, say industry insiders.
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Givaudan invests in AI for future flavor development
26 Feb 2021
Swiss flavor and fragrance company Givaudan revealed its newest artificial intelligence-driven tool that it has integrated into its flavors division, Givaudan Taste & Wellness. In a release, the company called the technology “game-changing,” saying tha...
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Activist investor takes stake in International Flavors & Fragrances
25 Feb 2021
Earlier this month, the activist investor Sachem Head Capital Management took a $1 billion stake in the ingredients and chemical company International Flavors & Fragrances (IFF), Reuters reported.
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Seven European countries advocate for Nutri-Score on packaging
23 Feb 2021
Out of the 40 countries that comprise Europe, seven have now joined forces to promote the use of the Nutri-Score system as the standard front-of-pack (FOP) labeling for products sold across the EU. Supporting countries include France, Belgium, Germany,...
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Pandemic leads Heineken to cut 8,000 jobs
22 Feb 2021
Dutch brewing giant Heineken announced it will cut 8,000 jobs as part of a new restructuring effort. The timeline for these job reductions will vary across locations, but the company did say that its head-office will see a 20% reduction in positions at...
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Mars abandons US pledge to remove artificial colours
20 Feb 2021
Mars has abandoned its 2016 pledge to remove artificial colours, associated with behavioural problems in children, from its US portfolio.
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Infant probiotic brand nurtured a $55M funding round
18 Feb 2021
Evolve, a biotech company specializing in probiotics aimed at addressing infant gut microbiome deficiencies, closed a $55 million Series D funding round led by Cargill and Manna Tree. As part of the investment, Cargill and Manna Tree will join the comp...
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Peatos gets an investment from Post Cereals
16 Feb 2021
Post Holdings Inc. led a $12.5 million Series B funding round for better-for-you snacking brand Peatos. The growing snack band says it will use the funds to continue its mission to give Americans better-for-you “junk food” options by adding nutrient-de...
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Aleph Farms cultivates ribeye steak with 3D-Bioprinter
12 Feb 2021
Aleph Farms, the Israeli cultivated meat company, announced that it printed a ribeye steak using three-dimensional bioprinting technology. The slaughter-free steak is a follow-up to Aleph’s first attempt to print meat in 2018, when it revealed that it ...
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Lawsuits launched over heavy metals found in baby food
12 Feb 2021
Major US baby food manufacturers are facing class action lawsuits in the wake of a government report that alleged “dangerously high levels” levels of heavy metals, such as lead, arsenic and cadmium in their products.
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