HyLife invests in Prime Pork processing business
Canadian pork producer HyLife has purchased 75% equity interest of Prime Pork LLC from the Taylor Corporation.
Archives for May 27, 2020
ADM and Marfrig to launch plant-based protein joint venture, PlantPlus Foods
Global ingredients company ADM and beef producer Marfrig have agreed to create PlantPlus Foods, a plant-based protein joint venture serving North and South American markets.
New brand Butterfly aims to bring function and fun to the nut butter category
Los Angeles-based Butterfly is adding some variety to the nut butter category with its functional, yet "fun and delicious" nut butters that come in experimental flavors such as chocolate reishi and savory rosemary.
Marfrig and ADM launch plant-based joint venture
Brazilian beef processor Marfrig and nutrition provider ADM have launched a joint venture focusing on a plant-based offering.
Investing in the Future of Food: Mintel Disruptor provides startups access to much-needed data
“Gut feelings” often form the foundation of startups, but to scale a business successfully, especially in times of crisis, entrepreneurs need more than that – they need data that shows where their brand fits in the competitive landscape and where...
‘The meal kit model is unsustainable’: How can recipe box companies maintain their lockdown momentum?
Lockdown measures have driven an unprecedented surge in demand for recipe box services. Yet once the dust settles, so too will subscription numbers, suggests Philip Koh, co-founder of London-based brand design agency Without. “Meal kits are unlikely to...
Kemin’s algae-sourced beta glucan BetaVia gets novel foods nod: ‘An opportunity for innovative product developers’
US-based Kemin Industries has received a positive safety assessment from the European Food Safety Authority (EFSA) for its algae-sourced beta glucan ingredient, BetaVia. This unlocks the opportunity for ‘innovative product developers to be the first to...
Animal welfare: New food label proposed to 'guarantee transparency’ in pig breeding
A new animal welfare label has been developed in Italy to boost ‘clarity’ in pig husbandry for meat products.
Cargill: ‘Technology is moving us closer towards maximum transparency and traceability’
US agri-food giant Cargill is looking to solutions such as mobile money, GPS mapping and digital data collection to improve transparency in its cocoa supply chains in Africa and elsewhere.
Iceland cuts food waste 23% in two years as it commits to a 50% cut by 2030
A year after the Department for Environment, Food and Rural Affairs in the UK called on businesses to ‘step up to the plate’ and drive forward plans to cut food waste, the supermarket Iceland has announced food waste reductions of almost 2,500 tonnes, a...
Global study links high fat dairy consumption to blood and heart health
Eating at least two daily servings of high fat dairy, but not low fat, is linked to lower risks of diabetes, high blood pressure, and signs of metabolic syndrome, according to an observational study of nearly 150,000 people across the globe.
Japanese cell cultured meat co IntegriCulture raises $7.4m, aims to commercialize foie gras in 2021
Tokyo-based cell-cultured meat company IntegriCulture has raised JPY 800m (US$ 7.4m) in a Series A round that will help it advance its mission of ‘democratizing cellular agriculture’ and build a production facility to take slaughter-free foie gras to...
New spam attack: Retail sales soar 120% for OmniFoods as plant-based innovation gathers pace
Hong Kong plant-based manufacturer OmniFoods has seen retail grocery sales increase 120% between April 2019 to January 2020 as it pursues a twin strategy of increasing its presence in the supermarket aisles and foodservice outlets.
Surviving COVID-19: Coca-Cola Amatil to implement cost-saving measures in 2020 even as sales rise
Coca-Cola Amatil says it has seen improved sales performance across most of its markets in May, but will have to continue to focus on cost-savings initiatives in the coming year as the company doubles down on efforts to survive the impacts of COVID-19.