foodnavigator-usa News Headlines Week 32

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News & Analysis on Food & Beverage Development & Technology

11-Aug-2023

SPONSORED MESSAGE

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MANUFACTURERS

HelloFreshâs margins rise despite drop in customers thanks to adoption of diverse AI

Like other meal kit companies, Hello Fresh saw active customers, number of orders and as a result revenue drop in its second quarter ending June 30, but unlike some competitors â notably Blue Apron â its margins held strong thanks in part to disciplined marketing spend but also strong operational efficiencies thanks in part to its strategic use of AI and machine learning.... Read more

Catalina Crunch capitalizes on demand for better-for-you cereal, launches Pairings line for texture twist

Better-for-you brand Catalina Crunch has released its Pairing cereals line to grow its brand and retail presence by providing an alternative to conventional sugary breakfast cereals, Krishna Kaliannan, CEO of Catalina Crunch, told FoodNavigator-USA.... Read more

Cultivating transparency and taste: Simple Bars' clean label, no-sugar bars

In a dense market like the snack bar category, brands are challenged with distinguishing themselves through ingredients, nutrition, marketing and packaging. For Amanda Ament, CEO of Simple Bars, ingredients, certified no-sugar labeling and packaging are the primary focus of the clean-label snack bars.... Read more

With Novozymes' expertise, could Arla be gearing up to enter the precision-fermentation dairy space?

Arla Foods Ingredients' Henrik Andersen calls precision nutrition âa hugely exciting technologyâ as the company sets sights on growing its medical nutrition portfolio, with âpossible expansionâ into other sectors.... Read more

Blue Apron: âAsset-lightâ model, layoffs lay the groundwork for return to profitability in a year

Meal kit pioneer Blue Apron expects to return to profitability by the second quarter of next year after a post-pandemic decline in demand caused its revenue and margins to tumble â pushing it to adopt an âasset-lightâ model in which it handed off manufacturing and significantly cut staff to reduce overhead.... Read more

Foodberry showcases its versatile, sustainable plant-based coatings at Summer Fancy Food Show

As nutrition and sustainability continue shaping consumer snacking preferences, Foodberry is using edible plant-based fiber coatings for convenient and healthy snacks, company CEO Marty Kolewe, Ph. D., told FoodNavigator-USA at the Summer Fancy Food Show in New York City earlier this summer.... Read more

Sabra dips into spicy, bold flavors with Frank's RedHot & Stubb's Bold Hummus collaborations

Hummus brand Sabra is spicing up its portfolio with a trio of new products, including collaborations with Franksâs RedHot and Stubbâs, as the company readies more new flavors and innovations, Olugbenga Diyaolu, the companyâs global chief research, development, and sustainability officer, told FoodNavigator-USA.... Read more

Actual Veggiesâ produce-packed pattiesâ fast growth suggests alternative future for plant-based meat alternatives

The rapid growth of plant-based protein newcomer Actual Veggies suggests the sliding sales of alternative protein products that closely mimic their animal counterparts does not represent a lack of consumer interest in vegetarian and vegan options, but rather that shoppersâ preferences are evolving towards healthier, less-processed and whole food options.... Read more

âConsumers abandonâ plant-based meat category citing taste, nutrition, price concerns, Mintel finds

Between recent acquisition and slumping unit sales, the plant-based meat alternative (PBMA) market faces headwinds as consumers shift to less expensive proteins in the face of economic pressure, though all might not be lost for the category, Mintel shared in its Plant-Based Protein executive summary.... Read more

Tyson Foods to close four more chicken plants to cut costs as sales continue to slip

Tyson Foods will shutter four more chicken facilities as part of a âbold,â multi-point plan to improve its performance, which has struggled for years to balance supply and demand and navigate falling prices and higher costs.... Read more

Campbellâs acquisition of Savos Brands a âperfect fitâ to accelerate ongoing âcomplete transformationâ

Campbell Soup Co.âs decision to buy premium pasta sauce brand Raoâs parent company Savos Brands for $2.7bn does not reflect negatively on the health of the iconic soup companyâs core business or ability to drive organic growth, but rather is a âperfect fitâ and âaccelerantâ of the companyâs existing âsuccessful strategic plan,â CEO Mark Clouse said.... Read more

American Egg Board cracks open food, beverage innovation with Eggcelerator Lab

Product developers looking to crack open new food and beverage innovation often face challenges, but with the American Egg Boardâs (AEB) Eggcelerator Lab, the trade group is streamlining the process and finding new opportunities for food and beverage CPG companies, Nate Hedtke, the organizationâs VP of innovation and customer engagement, told FoodNavigator-USA.... Read more

Fauxmosa makes a non-alcoholic mimosa with California wine grapes

Fauxmosa, a non-alcoholic mimosa brand, is made from California wine grapes and flavored with juices commonly found in a traditional mimosa was shown during the Summer Fancy Food Show which took place June 25-27 in New York City. CEO and co-founder, Amanda Moore, explained how her own personal experience with mindful drinking inspired her to develop a clean-label driven non-alcoholic mimosa by mirroring the flavor of champagne without the mind-altering effects.... Watch now

How Bobo's stays rooted to its oat core while branching into different flavors and formats

Playing off a classic nostalgic flavor, Bobo's recently launched its peanut butter and jelly-filled bars, that was featured during the Summer Fancy Food Show which took place June 25-27 at the Javits Center in New York City, where Bobo's CEO, TJ McIntyre discussed the brand's strategy on remaining focused on oats while exploring different formats and flavors.... Watch now

Soup-To-Nuts Podcast: ProducePay matches grocers, growers for better supply, price stability

Offering an abundant selection of fresh, high-quality, diverse fruits and vegetables is a top priority for most grocers given the produce section is often a key driver for overall store foot traffic â but according to a recent survey staying stocked is also a top pain point for many retailers.... Listen now

Root Foods Co. keeps their vegetable chips simple and sustainable

Blurring the lines between whole vegetables and savory snacks, Root Foods Co. featured its line of hand-sliced, vacuum-fried vegetables like tomatoes, zucchinis, green beans and onions during the Summer Fancy Food Show which took place at the Javits Center in Manhattan, NY, June 25-27.... Watch now

Kellogg shakes off volume drop in Q2 noting âlots of dry powderâ for growth in H2

Executives at Kellogg Co. are neither surprised nor overly worried about the long-term effects of sharp volume declines and a slowdown in sales growth in the companyâs second quarter, noting the company has âlots of dry powder â¦ to drive real quality merchandisingâ in the back half of the year.... Read more

View all news headlines for: May Jun Jul

ONLINE EVENT

Climate Smart Food Digital Summit | 19-21 September

Join us online on 19-21 September for the Climate Smart Food Digital Summit brought to you by FoodNavigator. We will be examining climate smart sourcing, production and consumption. Register for free... click here

SUPPLIERS

IFT First: Pea protein market expands as Roquette opens new facility

Constructed in 2020, Roquetteâs manufacturing facility in Portage la Prairie, Manitoba, Canada, is built across 67 acres to meet the growing demand for pea protein in plant-based food and beverages.... Read more

CarobWay demonstrates low caloric, functional properties of carob fruit at IFT FIRST 2023

Many food and beverage CPG companies are tasked with delivering on the trifecta or sweetness, lower calories, and functionality, opening the door for alternative sweeteners from stevia, monkfruit, and the lesser used carob fruit, said Israel-based food and beverage ingredient company CarobWay CEO Udi Alroy.... Watch now

UPCOMING SUPPLIER WEBINARS

A guide to healthy indulgence: New tips for tailored sweet taste

Join Ingredion for a practical conversation on how food and beverage brands are letting consumers eat cake AND feel good about their indulgent choices too.

15-Aug-2023

ON-DEMAND WEBINARS

Raising the Snack Bar: Exploring Growth Drivers, Innovations and Consumer Cravings

From high-fat, moderate protein, ultra-low carb bars targeting keto fans, to the next generation of refrigerated bars, we explore whatâs happening in the snack bar space, which functional ingredients are trending, what consumers are looking for on the Nutrition Facts panel and ingredients list, and...

26-Jul-2023

Cracking Plant-Based Dairy Challenges with Potato

Donât let the idea of creating tasty plant-based dairy products intimidate you! Replacing animal - for plant-based ingredients can seem like a difficult challenge, but trust us when we say thereâs a great substitute for pretty much everything nowadays. Discover the versatility of potatoes as...

13-Jun-2023

Plant-based dairy: from oatmilk to chickpea ice cream

From the latest developments in oatmilk to a new wave of plant-based creamers, yogurts, cheese, and ice cream, we explore the size of the dairy-free prize, the technical challenges that still remain, and consumer attitudes towards the category.

17-May-2023

MARKETS

Instacart expands online SNAP EBT acceptance nationwide as part of sweeping commitment to improve equitable access to nutritious food

Low-income consumers who rely on the Supplemental Nutrition Assistance Program, formerly known as food stamps, can now use their benefits to buy groceries online in all 50 states and Washington, DC, following Instacartâs launch at seven Safeway locations in Alaska.... Read more

Shoppers want similar digital and online experience, availability key for building loyalty, 84.51Â° finds

Consumers are leveraging in-store and digital shopping experiences to find the best deals to fiight inflation, while product availability and accuracy are crucial to building loyalty online, Krogerâs retail insight arm 84.51Â° shared in a recent whitepaper.... Read more

Walmart, Amazon set for fiercer digital rivalry, as Gen Z gets critical on tech, Euromonitor finds

The online grocery channel is facing several headwinds in 2023, as macro-economic factors are influencing where and how consumer shop, Gen Z consumers become weary of tech, and two key market players - Walmart and Amazon - intensify their rivalry, Matthew Barry, insights manager at Euromonitor, told FoodNavigator-USA.... Read more

Is it âshakedownâ time for the plant-based sector? Meat-free innovators weigh in

With signs some plant-based makers are struggling, we ask innovators whether the meat alternative category is experiencing a slowdown, a âshakedownâ, or other?... Read more

US low-income households could get discounts for more dairy products if this bill passes

A bipartisan bill introduced in Congress is seeking to expand access to dairy products such as yogurt and cheese for SNAP households by amending the scope of the HFMI program.... Read more

Provenance, sustainability and nutrition: the versatility of soybeans

Soyâs claim to fame to is its versatility in applications, nutrition and its harvest process, Pam Smith, RDN, explained to FoodNavigator-USA. Consumers, whether theyâre from the camp of meat or plant-based, believe that sustainability should be a standard in the development of food and beverages and she explains how soyâs US provenance, sustainability and nutritional attributes will prove beneficial for food and beverage of the future.... Read more

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