Latest News in the food Industry

Market News

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...

Nestlé implements Nutri-Score system in Southern Europe

21 Jun 2020

Nestlé has extended the use of the French-based Nutri-Score system to its products sold in Spain and Portugal. With this initial rollout, the scoring system will be printed on breakfast cereals Fitness Original, Nesquik Alphabet and Chocapic Bio as wel...

PepsiCo’s Aunt Jemima brand to retire its name and logo

20 Jun 2020

PepsiCo’s subsidiary The Quaker Oats Company announced this week it will remove the namesake black image from its Aunt Jemima packaging by the fourth quarter of this year. Later this year, Quaker will announce the new name for the company’s syrup and o...

Nestlé contemplates divestiture of North American Waters division

19 Jun 2020

Nestlé announced last week that it is considering selling the majority of its North American Nestlé Waters business unit. The Swiss company said it would retain its international brands Perrier, S.Pellegrino and Acqua Panna and will sell regional brand...

New tracing technology to help identify Salmonella outbreaks

18 Jun 2020

Australian researchers from the University of New South Wales Sydney have developed a technique to identify Salmonella strains in order to more effectively trace outbreaks. The multilevel genome typing (MGT) method, which took two years to develop, ide...

Eradication may not be the future of the palm oil industry

17 Jun 2020

Environmental advocates have been calling for a reevaluation of the palm oil industry for years. While some like the European Palm Oil Alliance are calling for companies to perform mandatory due diligence of their palm oil sourcing, others are calling ...