Shef has raised $20 million to expand its homemade meal delivery marketplace. The company helps home chefs connect with customers by handling orders and getting the food delivered, reported TechCrunch (June 2). Back in 2019, …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: inflation analysis, earnings from Campbell Soup Company (CPB), Chewy, Inc. (CHWY), and more. …
Campbell’s Soup released its third-quarter results and updated full-year guidance this morning. Shares of the company (Ticker: CPB) are trading down close to 7% pre-market as of 8am ET as investors react to the results: Net …
While plant-based meat and dairy markets are saturated with options, vegan egg substitutes have been somewhat limited – until now. Growth of plant-based eggs According to a report by The Plant-Based Foods Association, U.S. plant-based …
The pandemic has forever changed the foodservice industry, especially how suppliers acquire and develop customers. And it’s a long time coming for an industry used to massive trade shows, guided cuttings and golf outings for …
These days, the prices of multiple commodities are liable to inspire a double take. Here’s a look the commodities with the most noteworthy price spikes of late. LOBSTER Ahead of Memorial Day weekend, it was …
The instant soup segment is at a crossroads of sorts. The global soup market is projected to reach $21 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 2.7% for the forecast period, …
Meal-kit supplier HelloFresh has enjoyed a notable uptick in popularity since the outset of the pandemic. And, even as COVID-19 vaccinations have increased and consumers have started to dine in restaurants more and increase their …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: employment, earnings from The J. M. Smucker Company (SJM) and more. Is America …
Ever had the odd feeling that something you buy regularly doesn’t look quite right? It’s more than the new colors on the label or a new shape. The price is the same, but … You’re …
In 2021, demand has been intense for pet food. And it makes sense, considering Americans are pampering pets like never before. Consider: adoption rates at U.S. animal shelters jumped as much as 40% in 2020 …
Influencer marketing has grown rapidly in recent years, and marketers are leveraging social media influencers to increase brand awareness. While the word “influencer” has been buzzing in the social media marketing world for years, there’s …
Like the Millennials before them, the buying habits of Generation Z (defined broadly as those born between the mid-to-late 1990s and the early 2010s) are coming into focus for food industry manufacturers, retailers, and marketers. …
JBS has made “significant progress” in resolving the cyberattack that hit its global operations and will have the vast majority of its plants operational today, reported Bloomberg (June 2). “Our systems are coming back online …
Food delivery services like DoorDash and Uber Eats became an essential service during the pandemic, when consumers were mostly confined to home and restaurants were closed to indoor patrons. But now that life is returning …
There’s a new wrinkle in the restaurant experience – and a new revenue stream: direct-to-consumer products featured on menus. The overall idea is not new. Lawry’s Prime Rib began marketing its signature seasoned salt in …
Cargill is backing “masks” for cows in an effort to reduce greenhouse gas emissions. Yes, you read that correctly. The mask-like device was developed by Zelp Ltd., which claims it can reduce methane emissions by more than …
Major meat producer JBS SA is grappling with a recent cybersecurity attack which affected servers supporting the company’s IT systems in North America and Australia. The attack disrupted two shifts and halted processing at one of Canada’s largest meatpacking plants, reported Bloomberg (May …
Chipotle’s half-decade commitment to sustainability largely serves as a blueprint for the foodservice segment. In 2018, Chipotle announced that, by the year 2020, the fast-casual chain aimed to divert half of all of its restaurant …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: food inflation, earnings from Cracker Barrel (CBRL), Sanderson Farms (SAFM), Costco (COST) and …
The modern concept of vertical farming was put forth in 1999 by Columbia University microbiologist Dickson Despommier, who along with his students, came up with a design of a skyscraper farm that could feed 50,000 people. …
Consumers are clearly eager to get out and spend after being cooped up at home for over a year, but as costs continue to rise, how much they’re willing to buy is limited. BOOSTED SPENDING …
Editor’s Note: This is an update to The Food Institute’s April article “Is the U.S. Facing a Megadrought?” Central Valley Farmers to Get No Allocation Farmers in California’s Central Valley Project will get none of …
Nearly $1.9 billion of global venture capital was invested in indoor farming in 2020, nearly tripling over 2019, according to PitchBook data. With those figures in mind, here is a look into some recent developments: …
The organic food and beverage market hit a high note in 2020, with record-breaking sales climbing 12.4% to nearly $61.9 billion in the U.S, according to a recent survey by the Organic Trade Association (OTA). …
As U.S. consumers return to restaurants, operators should embrace plant-based foods to differentiate themselves and boost business in the new world of post-pandemic foodservice. A webinar sponsored by DMA (Distribution Market Advantage) and presented by …
The start of the return to normalcy has created problems for restaurants, bars and other venues with demand outstripping supplies and creating shortages of a variety of foods and other commodities. Couple that with difficulty …
Since the beginning of the year, foot traffic to U.S. food and beverage establishments is up 41 percent, according to Zenreach data. And with the weather getting nicer, vaccinations on the rise, and dining limitations slowly being lifted, restaurant traffic continues to soar. Restaurant …
For those looking to cut back on sugar, options used to be limited—and, often, not very tasty. In 2021, however, health-conscious consumers suddenly have a plethora of low-sugar items to choose from, whether it’s candy …
In the Fall and Winter of 2020, the market witnessed several high-profile CPG acquisitions by strategic multinational CPG players. I want to contrast two cases that live on extreme ends of the typical continuum of …
The mindful drinking movement has been gaining traction for several years, with “sober curious” consumers opting for no- or low- alternatives to reduce their alcohol intake. Throughout the pandemic, demand for non-alcoholic beers, wines, and spirits increased, with consumers drinking most frequently while relaxing at …
If you walk into any cafe or ice cream shop today, you’ll most likely see a few dairy alternative products: almond milk smoothies, soy milk shakes, and oat milk creamers just to name a few. …
CBD continues to be a bright light in the food and beverage industry. However, growth has leveled off from its stellar 2019 gains on a combination of the FDA’s reluctance to approve its usage and …
As 20 million U.S. workers lost their jobs last year and most businesses shut down because of the pandemic, many of the nation’s CEOs saw their compensation rise despite massive corporate losses. “Many of these …
All types of businesses, including those in the agriculture sector, were left breathing a sigh of relief last weekend, after a major backlog of barges was cleared on the Mississippi River. A traffic jam on …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: CPI, PPI, small business optimism, Tyson Foods, Inc. (TSN), Aramark (ARMK), Utz Brands, …
