Latest News in the food Industry

Market News

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. ...

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...

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...

Mondelez releases it second State of Snacking report

30 Nov 2020

Snacking has now become a lifeline for people weathering the lingering pandemic. As compared to pre-COVID-19, 88% of adults say that their snacking has increased since this past spring, according to Mondelez’s second annual State of Snacking report.

Former Walmart alumnus brings AI to trucking, minimizing spoiled produce

26 Nov 2020

The former Walmart executive Syed Aman has moved on in his logistics career and is now the cofounder and CEO of HWY Haul, a company that professes a goal of streamlining the business of delivering produce to retailers while also reducing food waste.

Thanks to low production, turkey prices rise in November

23 Nov 2020

Thanksgiving and Christmas in the United States are shaping up to be expensive affairs even as consumers have suffered the economic ramifications of COVID-19 for most of 2020.

Nestlé buys Freshly for $950M

20 Nov 2020

Nestlé acquired Freshly, a startup that provides home delivery of healthy meals, for $950 million at the end of October. The acquisition comes with the option for additional payouts of $550 million that is contingent on the successful growth of the bus...

Beyond Meat unveils the next generation of its Beyond Burger

18 Nov 2020

Beyond Meat will release two new versions of its Beyond Burger: one with increased juiciness and the other with an improved nutritional profile. Both burgers will launch across the U.S. in 2021.

Plant-based brand No Evil Foods pledges become plastic negative

17 Nov 2020

No Evil Foods is the latest company to establish a laudable and aspirational sustainability goal, committing to become plastic negative by remove two pounds of plastic for every one pound they generate through a partnership with rePurpose Global. The b...

Plant-based energy shots experience buzz in the market

16 Nov 2020

Plant-based options are making inroads into a variety of categories within the food and beverage market. Go Big and Proper Wild are two new entrants into the space that are taking aim at a small category that has yet to experience significant innovatio...

Innova identifies transparency as the top trend for 2021

13 Nov 2020

As 2020 prepares to turn to 2021, Innova Market Insights released its industry trend analysis for the upcoming year to help manufacturers align products with consumer demands in food and beverage.

Israeli cell-based meat company Meat Tech 3D files for U.S. IPO

12 Nov 2020

Israeli cell-based meat company, Meat-Tech 3D, is a relative newcomer to the industry but is making up for lost time with a flurry of activity. Most recently, the company filed its paperwork with the U.S. Securities and Exchange Commission to begin the...