Latest News in the food Industry

Market News

Food and beverage e-commerce could hit $109B in 2021

11 Feb 2021

This year, U.S. online sales of packaged food and beverages are forecast to reach between $90 billion and $109 billion, according to recent research from the Food Industry Association (FMI) and NielsenIQ. The final dollar figure will be contingent on t...

India facing fears of too much sugar, prices suffering

10 Feb 2021

Worldwide sugar futures climbed 1.5% to $434.90 per ton the first week of February – the highest prices in over three years, according to the Economic Times. However, Indian sugar mills are struggling to take advantage of this attractive price tag due ...

Plant-based sales in Gulf countries are small but promising

5 Feb 2021

Several new product launches and a high-profile vegan prince are creating a buzz around plant-based eating in the Gulf region.

Cooking at home to remain popular in 2021

4 Feb 2021

Nine months after the world found itself contending with the coronavirus, consumers have adapted to many of the restrictions and demands necessitated for safety. However, as vaccine rollouts slowly inch forward, manufacturers have begun to wonder which...

Kind Snacks founder invests in egg white chips brand Quevos

3 Feb 2021

Kind Snacks founder Daniel Lubetzky announced via the popular show Shark Tank that he is making an investment through his family office Equilibra in the egg white-based chips company Quevos. The deal is reportedly for a $200,000 investment as well as a...

Unilever promises living wages to suppliers' employees

1 Feb 2021

In its effort to create a “more equitable and inclusive society” Unilever is committing to a new set of corporate goals, including ensuring that by 2030, all employees of suppliers that directly provide goods and services to earn a living wage or incom...

Drizly outlines top trends for adult beverages in 2021

29 Jan 2021

The pandemic has noticeably altered the consumption habits of people worldwide with alcoholic beverages being a particular category where there has been significant change. According to the International Food Information Council (IFIC), 22% of consumer...

Bill Gates is America’s largest owner of farmland

26 Jan 2021

Already in possession of the title of the fourth richest person in the world, Bill Gates can now add another distinction to the list as the largest private farmland owner in the United States. Through his investment arm, the billionaire owns 242,000 of...

AB InBev launches organic seltzer under Michelob Ultra brand

22 Jan 2021

Although it’s only the beginning of 2021, major manufacturers are already gearing up for summertime, and AB InBev is doing so with the launch of its own-brand Michelob Ultra Organic Seltzer. With 80 calories, no sugar and no carbs, this release is a bi...

Swedish ice cream maker snags $30 million, partners with Perfect Day

20 Jan 2021

Swedish sugar-free ice cream brand, Nick’s scooped up $30 million in a funding round led by Stockholm-based investment group Gullspång invest, an early investor in Oatly. Along with a sizeable infusion of cash, the better-for-you ice cream brand also s...

Europe looks to encourage insect consumption

18 Jan 2021

Mealworm burgers may soon be on the menu as the European Food Safety Authority recently approved yellow mealworms as safe for human consumption. This determination is expected to lead to EU-wide approval of the insect as fit for sale across the contine...

USDA expands its definition of nitrates

15 Jan 2021

The Food Safety and Inspection Service of the US Department of Agriculture (USDA) will expand the definition of nitrates in May 2021 to prohibit products using any source of nitrates from using the statements “No Nitrate or Nitrite Added” and “Uncured....