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Mars Inc. plans to double the size of its business over the next 10 years, expanding deeper into nonconfectionery nutrition and pet care, according to the company's CEO. Growth would be achieved through a combination of acquisitions and expansion of homegrown brands, some incubated through a new division called Mars Edge that focuses on health and wellness products, such as CocoaVia and GoMo Dal Crunchies, reported St. Louis Post-Dispatch. Full Story
U.S. alcohol consumption is down, prompting brewers and liquor companies to look for alternatives, including teas, energy drinks and nonalcoholic spirits, according to IWSR. The firm forecasts low- and no-alcohol products in the U.S. will grow 32.1% between 2018 and 2022, triple the category's growth over the past five years. Molson Coors wants to build out a broad portfolio of "brewed beverages," such as tea and coffee, while AB InBev plans to launch a seltzer brand called Bon & Viv, reported The Wall Street Journal. Full Story (WSJ Subscription Required)
Horseradish manufacturer Tulkoff Food Products Inc. is looking into new opportunities to expand beyond its Baltimore facility. Due to significant growth in recent years and rising costs of doing business in the city, the company's CEO is exploring buying a location in Texas, or purchasing a company outside of Maryland, reported Baltimore Business Journal. Full Story(Subscription Required)
Global Quality Foods proposed a 30,000-sq. ft. fish processing plant on Bethel Island, CA. The project calls for the raising, harvesting and/or processing of imported and domestic seafood including crab and other shellfish as well as various fin-fish such as white sturgeon, which would be raised in saltwater ponds on site, reported East Bay Times. Full Story
Parabel USA Inc. finalized a distribution agreement with CK Ingredients, a supplier of raw materials, for the commercialization of Lentein plant protein in the Canadian market. Parabel will partner with CK ingredients to represent its products in Canada. Full Storyread more
December 20, 2019 (Upper Saddle River, NJ) - The Food Institute forecasts eating away-from-home sales growth will outpace at-home in 2019, according to its webinar "An Honest Look at 2019 Food Industry Trends.” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.
Nebraska lawmakers are set to consider whether the term “meat” should be reserved for meat and poultry products harvested from live animals.read more
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