Eat Beyond Global Holdings adds Zoglo's to alternative proteins portfolio
Eat Beyond Global Holdings has made an investment in Zoglo's Incredible Food Corp, a kosher, plant-based foods manufacturer based in Canada.
Archives for February 17, 2021
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Little Leaf Farms raises $90m to further scale hydroponic greenhouse-grown lettuce
Hydroponic lettuce grower Little Leaf Farms has raised $90m in a recent funding round led by Equilibrium Capital to fully fund its East Coast expansion and build out new greenhouse sites in the region.
Kerry considers ditching dairy to pursue health and wellness and sustainability megatrends
Kerry Group’s strategic review of its dairy production and consumer food assets will allow it to free up money for acquisitions in faster growing areas, say equity analysts.
‘We can focus on quality over transportability’: Vertical famers have high hopes for Swiss project
The launch of the first vertical farm project in Zürich promises to lay the groundwork for ‘large-scale industrial vertical farming in smart cities’ and ‘showcase the incredible benefits of a circular economy’.
Defining ‘natural’ in food: Commission pressed to fill ‘considerable gap’ in labelling framework
More than 30 MEPs are supporting a campaign for the term ‘natural’ to be legally defined in EU food law.
Redefine Meat prepares for European launch with $29m boost: ‘Our alt meat products will hit Switzerland and Germany mid-year’
Having closed a $29m Series A, the maker of 3D-printed alt meat is looking to expand its product line and rollout its beef alternatives into Israel, Germany and Switzerland, before moving into Asian and US markets.
The future of ‘clean label’? Radically transparent and naturally healthy
‘Clean label’ is an industry term that speaks to consumer demand for recognisable ‘pantry cupboard’ ingredients. But, without a clear definition, the meaning of clean label is evolving. What other mega-trends will shape the future of clean label innovation?
General Mills bets on cereal, ice cream, snack bars & Mexican food as it deploys 4-prong growth strategy
At the Consumer Analyst Group of New York 2021 conference yesterday, General Mills unveiled a four-prong strategy to “accelerate” its net organic sales growth 2-3%, expand mid-single-digit margins and deliver mid- to high-single-digit constant currency...
General Mills accelerates cereal and snack bars strategy to maintain COVID-driven growth
The Cheerios maker is targeting a long-term goal of 2% to 3% growth, skewing its focus on an accelerated strategy to get there.
Nestlé sells Nestlé Waters North America for $4.3bn
Nestlé will sell its Nestlé Waters North America business – including brands Pure Life, Poland Spring, Deer Park, Ozarka and delivery service ReadyRefresh – to One Rock Capital Partners and Metropoulos & Co.
Skin food: Kumuya to launch ‘wellness’ meal plan to work holistically with skin care
Nutrition-driven skin care brand Kumuya is set to launch a skin care meal plan as part of vision to become a holistic skin wellness company.
Three-pronged approach: Kerry pins focus on plant-based growth, new taste trends and better-for-you innovation in APAC
Kerry is preparing to ramp-up promotion of its plant-based innovation service to brands in APAC and the Middle East, while also doubling down on emerging taste trends and better-for-you product innovation.
Buzzing brews: Japan’s VinVie sees large untapped potential in local cider market due to demand for lower-alcohol options
Homegrown Japanese alcohol firm Vinvie believes that there is major untapped potential to be found in the ‘niche’ local cider market as consumers are increasingly on the lookout for lighter, lower-alcohol options.
GMO in South Korea: Government considers extending non-GMO food labels to align with international standards
More South Korean brands with products containing only trace amounts of genetically modified (GM) ingredients could be able to make ‘non-GMO’ label claims, as the country considers aligning its rules with international standards.
Innovation partners wanted: Nestle Indonesia in search of ‘mutually beneficial’ collaboration opportunities with start-ups
Nestle Indonesia has revealed plans to search for ‘mutually beneficial’ collaborations with start-ups that can complement its local tech, consumer and environment ambitions, citing the importance of innovation and continued learning to sustain strong growth.