Latest News in the food Industry

Market News

Fungi-based fat alternative unveiled by Swedish startup

Fungi-based fat alternative unveiled by Swedish startup

2 Dec 2021

Sweden’s Mycorena mycoprotein startup recently announced it has developed a fungi-based fat ingredient that recreates the mouthfeel and taste sensation of an animal-based steak. The company said its innovation will “take plant-based meat to a new level...

Read more 
Fi Europe opens its doors to in-person attendees today!

Fi Europe opens its doors to in-person attendees today!

30 Nov 2021

After a week-long online program Fi Europe opens for in-person attendees under 2G measures in Frankfurt today – if you’re not able to attend in-person, you can follow the program from the show floor live on the online platform.

Read more 
COP26: Agricultural food system emissions not adequately addressed

COP26: Agricultural food system emissions not adequately addressed

30 Nov 2021

The climate conversation this past November was dominated by Glasgow Climate Impact (COP26) conference where 54 nations signed a pledge to protect nature. However, while various causes of climate change were addressed, agriculture was largely left out ...

Read more 
Impossible Foods to reach $2B in funding

Impossible Foods to reach $2B in funding

29 Nov 2021

Plant-based protein company Impossible Foods announced it closed a $500 million funding round last week. The round was led by Mirae Asset Global Investments with participation from other existing Impossible Foods investors, the company said in a statem...

Read more 
Chobani Sales surge as it moves closer to IPO

Chobani Sales surge as it moves closer to IPO

26 Nov 2021

Greek yogurt company Chobani saw its sales hit $1.2 billion as of Sept. 25 this year. That is only $200 million short of what the company recorded for all of 2020, when its sales rose 5.2% to $1.4 billion last year, according to a filing with the Secur...

Read more 
Study: Buying less junk food can lower households' potential emissions by 29%

Study: Buying less junk food can lower households' potential emissions by 29%

25 Nov 2021

Reducing the consumption of animal-based products is not the only way to eat more sustainably, according to a new study from Purdue University and published by the American Chemical Society. Researchers found that eating fewer foods with high caloric c...

Read more 
India’s Avid Nutrilabs prepares to export functional coffee products

India’s Avid Nutrilabs prepares to export functional coffee products

24 Nov 2021

Functional instant coffee brand Jomo is forecasting demand for its product to grow by 10 times. In anticipation of that growth, the Avid Nutrilabs-owned company said it is preparing to distribute its product internationally. Next year, the company hope...

Read more 
Bloomberg report: General Mills looks to sell Progresso, Hamburger Helper for $3B

Bloomberg report: General Mills looks to sell Progresso, Hamburger Helper for $3B

22 Nov 2021

General Mills is considering selling two of its well-known brands — soup brand Progresso and the ready-to-eat meal brand Helper — for $3 billion, according to a report by Bloomberg News.

Read more 
Report: Global wine production is down despite rising export demand

Report: Global wine production is down despite rising export demand

19 Nov 2021

Global wine production is forecast to hit near-record lows this year, according to the International Organisation of Vine and Wine (OIV). Production is 7% lower than the industry’s 20-year average and only slightly above the historically low production...

Read more 
JBS signs a deal with Royal DSM to cut cow methane emissions globally

JBS signs a deal with Royal DSM to cut cow methane emissions globally

17 Nov 2021

As part of the COP26 meeting, the world’s largest meatpacker, JBS, announced it has partnered with the Netherlands' Royal DSM to reduce the total amount of methane emissions emanating from JBS’s supply chain. This partnership will begin by first reduci...

Read more 
Caju Love startup is making meat out of cashews

Caju Love startup is making meat out of cashews

16 Nov 2021

Hawaiian startup Caju Love recently launched a vegan meat alternative made from cashew fruit. Typically, cashew fruit is considered a waste product in the nut and juice industry, so the company chose this fiber-filled fruit in an effort to create a zer...

Read more 
Impossible Foods eyes $7B valuation for ‘inevitable’ IPO

Impossible Foods eyes $7B valuation for ‘inevitable’ IPO

15 Nov 2021

Plant-based protein titan Impossible Foods is reportedly looking to go public on the U.S. stock exchange through an IPO or SPAC listing, Forbes reported. Although there is currently no date set for the filing, the California company is in talks to rais...

Read more