Latest News in the food Industry

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Danone rejects claim that its infant formulas contain toxic substances

15 Jul 2020

After industry watchdog group Foodwatch released a report last October that aromatic mineral oils (MOAH) were found in 16 infant formula brands, including Danone’s Gallia Galliagest Lactose-free Growing-up product, the French manufacturing giant recent...

Coca-Cola to discontinue its Odwalla brand

14 Jul 2020

Coca-Cola is eliminating its Odwalla brand and the refrigerated trucking network that transports these cold fruit beverages. Deliveries of Odwalla will stop at the end of July and unsold inventory will be picked up in August. This move by Coca-Cola wil...

Gates Foundation leads $45 million investment in crop protection startup

10 Jul 2020

Crop protection company Enko Chem announced that it raised $45 million in a Series B funding round led by the Bill and Melinda Gates Foundation with participation from Anterra Capital, Rabobank, Finistere Ventures, Novalis LifeSciences, Germin8 Venture...

Australian firm focuses on anti-counterfeit technology to combat fraud in the wine industry

7 Jul 2020

EBottli recently launched in Australia with the goal of protecting the country’s wine exports from counterfeits that are prevalent in Asia. In China alone, potential losses to counterfeit wine are anticipated to reach $3 trillion by 2022. Australian wi...

Chilean biotech firm Protera moves to Paris, closes $5.6M in Series A funding

6 Jul 2020

The AI-driven bioscience startup Protera closed a $5.6 million round of funding on June 10, that was led by Sofinnova Partners, a European life sciences venture capital firm. There was also participation from an existing venture capital investor, SOSV.

Food allergies affect 1 in 4 consumers, according to FARE

3 Jul 2020

New research from FARE (Food Allergy Research & Education) found that 85 million Americans, or 1 in 4 people, avoid purchasing products with the top 9 allergens due to either personal allergies or allergies suffers that live in the same household.

Spiritless, a non-alcoholic bourbon hailing from bourbon country

2 Jul 2020

Much as the name indicates, a new, alcohol-free bourbon has appeared on the U.S. market. Called Spiritless Kentucky 74, this libation hails from the heart of bourbon country and became available at the end of June.

Novozymes acquires PrecisionBiotics Group

2 Jul 2020

Danish biotech company Novozymes announced its acquisition of Irish probiotics firm PrecisionBiotics Group for €80 million.

PepsiCo releases SodaStream Pro for universities and offices

1 Jul 2020

PepsiCo is taking its SodaStream system from its exclusive private real estate on kitchen counters to the public arena with the introduction of its SodaStream Professional that will be rolled out worldwide this fall.

Five-month-old Indonesian startup raises $10.5M

30 Jun 2020

After five months in business, the Indonesian e-commerce startup Ula has raised $10.5 million in a round led by Sequoia India and Lightspeed India. Additional participation was offered by SMDV, Quona Capital, Saison Capital and Alter Global.

Euromonitor report: How will Covid-19 change consumer focus in retail?

25 Jun 2020

The global pandemic that arrived this spring has upended the food and beverage market for both manufacturers and consumers in unpredictable ways. In a new report from Euromonitor, the market research firm looked at the future state of the FMCG sector a...

Bühler Group partners with Big Idea Ventures to accelerate plant-based meat alternatives

24 Jun 2020

The 160-year-old Swiss equipment manufacturer Bühler Group has inked a new partnership deal with the alternative protein accelerator and venture capital firm Big Idea Ventures to invest in the firm’s mission to create sustainable, plant-based alternati...