Latest News in the food Industry

4 Mar 2021

French dairy conglomerate Danone acquired the Los Angeles-based vegan dairy maker, Follow Your Heart. The acquisition was done with a 100% purchase of Earth Island shares, the brand’s parent company. However, financial details were not disclosed.

3 Mar 2021

Dutch foodtech company Mosa Meat raised $10 million in its final Series B funding round, bringing the company’s total funding to $96 million. The company, which produces slaughter-free meat, said it would use this latest cash infusion to increase its p...

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...

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 ...

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.

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...

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.

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,...

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...

20 Feb 2021

Mars has abandoned its 2016 pledge to remove artificial colours, associated with behavioural problems in children, from its US portfolio.

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...

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...