IRI appoints former Google and P&G exec as new CEO
Market data provider IRI has appointed Kirk Perry, former Google president of global client & agency solutions, as its new president and CEO effective May 17, 2021.
Archives for March 31, 2021
BrightFarms founder and CEO reflect on 10 years of growing leafy greens indoors and talk future plans
Valued at $6.8bn in the US alone (according to Research&Markets), the market for hydroponically-grown produce is no longer niche and poised for strong growth over the next several years, predicts BrightFarms, a company growing a variety of leafy greens...
Oddbox’s brand overhaul: ‘We’re here to shake-up the inefficiencies in the food system’
Oddbox is a UK online delivery platform on a mission to fight food waste. The company, launched in 2016, recently underwent a brand overhaul as it works to grow its community and build on the momentum built-up during COVID lockdowns. FoodNavigator caught...
1 in 4 meat substitutes ‘do not contain enough protein to be considered a source of protein’
Over a quarter of processed, vegetarian meat-substitute products are not a source of protein, according to research by Safefood into the nutritional content of more than 350 products which claim to be meat replacements.
The brittle truth about vegan Easter eggs
Vegan alternatives pass the flavour test (up to a point) but are prone to shattering, according to market research.
'A tremendous year...' Almond Breeze now generates more than $800m in annual retail sales, says Blue Diamond Growers
Oatmilk has taken off like a rocket ship over the past couple of years. However, US retail sales of almondmilk - which accounts for two thirds of category sales – grew a solid 16.9%* last year in measured channels, with market leader Almond Breeze...
‘Big Ag has not delivered’: Food security under threat from agribusiness giants, warns report
Global food and farming is set for a ‘corporate tidal wave’, warns think tank IPES-Food and non-profit ETC Group, who believe a business-as-usual approach could accelerate environmental breakdown and jeopardize food security.
Investing in the Future of Food: RCV Frontline sees potential for startups to fill innovation demand post-pandemic
A new early-stage venture capital fund sees significant upside for financing food and beverage startups that may be too small for many other VC investors, but which in a few years could help meet “pent up demand” for innovation from large CPG players...
BAPP puts out lab guidance to help detect olive oil adulteration
The Botanical Adulterants Prevention Program has published a guidance document for one of the most commonly adulterated ingredients of all: olive oil.
Mars creates world’s first Marmite-frosted cake/cookie hybrid developed by AI
Confectionery giant Mars Wrigley UK is attempting to digitise taste through a partnership with Google Cloud, which has resulted in the first ever Maltesers cake developed by artificial intelligence.
DSM purchases Amyris' biotech flavours and fragrances for €128m
DSM has today (31 March) agreed to acquire the flavour and fragrance (F&F) business of US-based biotech firm Amyris, extending its portfolio with bio-based ingredients for the flavor and fragrance and cosmetics industries.
‘World’s smartest drink’: NZ’s Ārepa outlines RCTs and Australia expansion plan with new CSO on board
New Zealand nootropic company Ārepa is investing over NZ$2 million (US$1.4m) on a series of brain health and performance clinical trials as it looks to create the world’s smartest drink.
Everything’s peachy: AB InBev launches Thailand’s only peach-flavoured wheat beer under Hoegaarden brand
Global beer major AB InBev is launching the ‘first and only’ wheat beer to adopt a peach variant in Thailand under the Hoegaarden brand come April 1, exclusive to the country and in line with up-and-coming fruity beer trends.
Sugary drink labelling: Singapore beverage industry calls for more holistic approach as government opens Nutri-Grade consultations
Singapore’s beverage sector is seeking increased industry engagement and a more holistic approach to sugar reduction, after the government opened public consultations for its proposed ‘Nutri-Grade’ sugar-sweetened beverage (SSB) labelling scheme.