Oatly Group AB shares fell nearly 21% on Monday after the plant-based dairy company reported a third-quarter revenue miss and issued a revenue warning for the year. The company, which had a net loss of $41.2 …
This article is sponsored and written by Future Market Insights. Plant-based beverages, in many respects, are taking the food industry by storm. The products are praised by many for their healthy nutritional profile. And, as …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine rising food prices, the so-called “shroom boom,” and more. The Food Institute Podcast · FI Fast Break News – Nov. 17, 2021 The …
In 2015 a pair of San Diego-based entrepreneurs – Cassandra Curtis and Ari Raz plotted the launch of a new, high-pressure processing (HPP) baby food brand in refrigerated pouches. The playful name was Once Upon …
During CPG Growth Strategies in an Inflationary 2022 – a recent webinar presented by IRI and RBC Capital Markets – experts noted what to expect in the months ahead regarding food prices, the labor pool, …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine changing consumer purchasing habits, the lunch day-part’s recovery at restaurants, and more. The Food Institute Podcast · FI Fast Break News – Nov. …
UPSIDE Foods (formerly Memphis Meats) is opening what it says is the most advanced cultivated meat production facility in the world. The Engineering, Production, and Innovation Center (EPIC) features a 53,000-square foot campus in Emeryville, California, …
Holiday spending is shaping up quite differently this year, following months of COVID-19 vaccines and gradual restaurant recovery. Not only are people shopping earlier this season — with stats from NPD Group showing that 51% …
What’s going on at Beyond Meat? A week ago, the company’s stock price fell 12% after it warned that third-quarter revenue should come in at $106 million—far lower than its prior outlook and the nearly …
Frozen food witnessed a surge in 2020, largely due to COVID-19 and subsequent lockdowns that led to storage of food at home. Frozen pizza, especially, fit in quite nicely to quarantine life, as the coronavirus …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine encouraging holiday retail sales news, and update trucking delays. The Food Institute Podcast · FI Fast Break News – Nov. 3, 2021 The …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine inflation’s impact on major CPG companies and more. The Food Institute Podcast · FI Fast Break News – Oct. 20, 2021 The FI Fast …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the potential impact of soaring fertilizer prices, manufacturing meltdowns in the heartland, and more. The Food Institute Podcast · FI Fast Break News …
Around 1,400 Kellogg workers went on strike at the company’s U.S. cereal plants on Tuesday, bringing work to a halt. The strike includes plants in Omaha, Nebraska; Battle Creek, Michigan; Lancaster, Pennsylvania; and Memphis, Tennessee, …
Food waste has become a significant issue around the world, but nowhere more so than in America. In fact, about $161 billion of food is wasted in the U.S. every year, per Rubicon research. In …
Prior to the pandemic, canned tuna was fading as a staple of the American pantry, with younger generations seeking out fresher, less-processed food options. In fact, per capita consumption of canned tuna dropped 42% in …
After a tumultuous year of COVID-related meat processor backlogs, is the U.S. beef supply finally evening out? One banking and financial services company thinks so: the U.S. oversupply of beef appears to have “finally cleared,” …
The latest industry to be impacted by supply constraints is poultry. LABOR AND SUPPLY ISSUES THREATEN HOLIDAY TURKEY AVAILABILITY A broker for Shady Brook Farms, one of the nation’s largest turkey suppliers, said in a …
With ESG topics becoming increasingly important to consumers, food companies are noticeably increasing their efforts. Below are a few recent examples of new ESG initiatives in the industry. MCCORMICK ADVANCES SUSTAINABILITY STANDARD McCormick & Company …
Encapsulation of flavors and fragrances is widely popular in the consumer goods and food and beverage industries. The technique aids in minimizing degradation or loss of fragrance and flavor during the process of production and …
PepsiCo has announced plans to sell Tropicana, Naked, and other juice brands across North America to private equity firm PAI Partners for about $3.3 billion. The soda giant is just the latest such company to …
Danone’s recent majority stake in Harmless Harvest is a curious market event. Not because they took a majority. Because coconut water is not growing anymore in the U.S. based on sources I’ve reviewed. The pandemic …
With inflation on the rise, major CPG companies are projecting price increases. Here are a few of the top brands to announce such pending hikes: UNILEVER After already raising prices 1.6% in the second quarter, …
Coca-Cola Co. released its second quarter earnings this week—and sales rebounded faster than expected. HIGHLIGHTS: Net Revenues grew 42% Organic Revenues (Non-GAAP) grew 37% Operating Income grew 52% Operating Margin was 29.8% versus 27.7% in …
With millennials and Gen Z consumers now hyper-aware of their eating habits and food choices, yeast extract is gaining traction as a versatile ingredient used for savory flavor and quality food. The COVID-19 outbreak encouraged …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: an interview with Wells Fargo agricultural economist Dr. Michael J. Swanson on a …
To address concerns about competition in the U.S. ranching and farming system, USDA will allocate $500 million to expand meat and poultry processing capacity across the nation. The agency said the move was “one of …
The latest food company to ride the IPO wave is Chobani. The company announced early Wednesday that it has filed for a confidential draft registration statement for a proposed IPO with the Securities and Exchange …
The beverage industry has seen an increase in demand for premium beverages among younger consumers, and boba tea is a growing niche in that specialty segment. According to a recent CLSA survey of consumers, 94% …
Two-thirds of Americans plan to return to normal Independence Day celebrations this weekend, according to Numerator. So, as pandemic restrictions ease and Americans resume their Fourth of July traditions, The Food Institute takes a closer …
U.S. beverage demand is forecast to increase 2.9% yearly in nominal terms through 2025, as income rises and the population grows, according to Beverages: United States, a report by Freedonia Focus Reports. Here’s a look at which …
McCormick & Co. today reported financial results for its fiscal second quarter ended May 31, 2021. KEY HIGHLIGHTS Sales rose 11% in the second quarter from the year-ago period. In constant currency, the company grew sales …
General Mills and Constellation Brands both reported earnings today. Here’s a closer look at highlights from both reports: GENERAL MILLS Fourth Quarter 2021 Highlights Net sales declined 10 % to $4.5 billion and organic net …
The plant-based ice cream sector is growing fast, with no signs of slowing on the horizon. At the end of March, snack bar brand KIND released seven flavors of frozen, plant-based desserts, reimagining their classic …
Pork has been making headlines of late, with one of the most notable updates being that prices for U.S. hogs have slipped since the Chinese government said its supplies have nearly fully recovered from African …
You thought 2020 was bad? This year has featured extreme drought conditions. Then, cicadas and grasshoppers. Now, the Pacific Northwest is getting walloped by a nearly unprecedented heatwave. Portland, Seattle, and swaths of western Canada …
