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News & Analysis on Food & Beverage Development & Technology13-Oct-2023
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Speed up your new product development (NPD)
Speed up your new product development (NPD)
Delivering new products to market is a complex process with multiple challenges that results in a failure rate of between 30-40%. To keep up with ever evolving consumer trends, market regulations and competitors, speedy route to market is essential... click here
MANUFACTURERS
How do consumers’ perception of healthy drive their purchase habits and product development?
What does it mean to eat healthy? A survey by the International Food Information Council (IFIC) finds that 74% of consumers believe that food and beverage choices are interconnected with mental and emotional well-being, along with other insights that detail health perceptions and its impact on produce development for the food and beverage industry.... Read more
Retail Insight tackles food waste for retailers using cognitive technology
A recent survey by Retail Insight found that 79% of shoppers tried to be more sustainable in their buying habits in the last 12 months, creating an opportunity for retailers to automate their price mark down strategies with the WasteInsight solution, Paul Boyle, CEO, Retail Insight explained to FoodNavigator-USA in an interview.... Read more
 Coca-Cola debuts reverse vending machine at NACS
Coca-Cola addresses high traffic trash disposal – and by extension stubborn recycling challenges – in c-store locations by introducing its reverse vending machine that collects and sorts plastic, aluminum and glass packaging during the National Association for Convenience Stores show Oct. 3-6 in Atlanta, Ga.... Watch now
Willingness to pay more for fresh food could hinge on health, sustainability beneits
Consumers are willing to pay a premium for fresh food to reap perceived health benefits, but rumblings from shoppers and retailers alike that suppliers have raised prices higher than necessary to offset inflation could portend a negative shift in elasticity on the horizon unless prices stabilize or drop, suggests research published by Deloitte this month.... Read more
Perfect Hydration aligns with fitness industry, features brand refresh at NACS
To standout in a saturated category, Perfect Hydration highlights its functionality and recycling initiative as part of a brand refresh unveiled during the National Association for Convenience Stores in Atlanta, Ga., Oct. 3-6.... Read more
Do consumers have a stomach for food tech?
Food-tech is a sough-after solution to address systemic challenges facing the industry, including feeding a growing global populace, but many consumers are not convinced of its importance or worse -- they want nothing to do with it.... Read more
Meati lays down roots in snack category, recalibrates $1b in sales by 2025 goal
Alternative protein player Meati is taking its patented MushroomRoot ingredient to the shelf-stable snack aisle with more product innovation on the way, as the brand adjusts its growth strategy with a keen focus on profitability, the company’s VP of marketing and communication Christina Ra told FoodNavigator-USA.... Read more
PepsiCo raises 2023 full-year earnings outlook on Q3 performance, Gatorade loses market share to PRIME
PepsiCo released its 2023 third quarter fiscal year report and beat Wall Street estimates, citing increased demand for smaller-sized snacks and healthier options, as the company faces challenges from PRIME in the sports drink category and anticipates potential long-term impact on its business from Ozempic and other weight-loss drugs.... Read more
 Planet FWD launches AI-Powered Decarbonization platform to help reach Scope 3 goals
With the launch of a new AI-powered data engine, pioneering decarbonization emissions platform Planet FWD continues to accelerate CPG companies ability to evaluate and neutralize their environmental impact, including stubborn and hard-to-mange Scope 3 emissions from across the supply chain.... Watch now
Unwrapping sustainable packaging: How CPG brands are balancing the needs of the planet, consumers
To meet ESG goals and promote a greener supply chain CPG companies are investing in sustainable packaging, but shifting from one material to another is seldom straightforward, which will be the focus of an upcoming session at the 2023 FoodNavigator-USA Futureproofing the Food System free-to-attend virtual summit.... Read more
TOAST-IT secures Shark Tank investment from KIND founder to bring Venezuelan foods to more frozen aisles
TOAST-IT secured $150,000 investment at a 20% stake from Daniel Lubetzky, founder of KIND Snacks and Camino Partners, during the recent episode of Shark Tank, which the company hopes to use to expand its distribution into new regions and address the demand for better-for-you global flavors in the frozen aisle, the two sister co-founders told FoodNavigator-USA.... Read more
 Soup-To-Nuts Podcast: What does it take to raise money in the current environment?
Startups with little more than an idea and a compelling founder’s story may no longer be able to secure wild valuations or enough funding to blow millions a month proving a concept, but companies that have product-market fit in competitive categories and can prove they are on the path to profitability still have options – such as from the recently launched growth equity firm Humble Growth.... Listen now
Conagra sales, volume slip as shifting shopping habits ‘elongate’ volume recovery
Slim Jim and Act II microwave popcorn maker Conagra Brands saw sales and volume slide in its first quarter as consumers pushed back against recent price hikes across the board that are forcing them to reprioritize their purchases to fit within tighter budgets, CEO Sean Connolly told investment analysts yesterday.... Read more
CPG brands find challenges, opportunities creating their omnichannel strategies
Many CPG brands and retailers are struggling to create an integrated and cohesive omnichannel shopping experience at a time when retail media and paid promotions are even more crucial to gain a consumer's attention, a panel of experts shared in a recent Circana webinar.... Read more
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MARKETS
C-store consumer habits: balancing impulse purchases with nuanced usage occasions
C-stores can attract and retain customers who are looking for a quick and easy meal or snack by offering a variety of fresh and convenient food options, as well as bundling deals that offer discounts on popular products, Kathy Risch SVP, shopper insights and thought leadership, Acosta Group explained to FoodNavigator-USA during the National Association for Convenience Store show in Atlanta Oct. 3-6.... Read more
Women’s health: lifespan studies “incredibly powerful” to advance category
Experts have highlighted the need for lifespan studies to enable personalisation within the hormonal health category, due to significant variation in symptoms and influence of various lifestyle factors altering individual responses to nutraceuticals.... Read more
Dairy the core base, but greater co-existence with plant-based, precision fermented proteins to come – Friesland Campina
While dairy is the basis of protein nutrition, the use of plant-based and precision fermented protein is bound to increase in products such as infant formula, healthy ageing, and sports nutrition, says dairy multinational firm Friesland Campina.... Read more
Poultry market comes 'through a pretty challenging year,’ as 2024 rebound remains uncertain
The US poultry market is facing several headwinds between higher cost of retailer inputs and lighter demand as it closes out 2023, while 2024 is shaping up to be a continuation of many of the trends the industry has experienced this year, Christine McCracken, executive director of animal protein at Rabobank, told FoodNavigator-USA.... Read more
Quorn, mycoprotein and the push to grow a ‘third kingdom of fungi proteins’
Mycoprotein and fungal proteins hope to offer a solution to the negative impact to the environment associated with industrial farming, heard FoodNavigator’s recent Climate Smart Food​​ digital summit.... Read more
The effect of masculine marketing on vegan diets
One of the most pervasive cultural perceptions around food consumption in general is that eating meat is for men and that, conversely, veganism is feminine. A new study explores whether reframing vegan dishes through masculine marketing alters men’s conception, and consumption, of vegan food.... Read more
LocalCoho expands its NY pilot facility with funding from Cuna del Mar
Coho salmon aquaculture start-up, LocalCoho, is set to expand production in upstate New York after securing funding from Cuna del Mar, with a goal of securing an additional $4 million by the end of 2023.... Read more
Chocolate and candy on hand for trick-or-treaters this Halloween
The American confectionery industry is looking forward to increasing sales this Halloween after a survey revealed 98% of Americans will be offering treats to young visitors knocking at their doors.... Read more
Mars, PepsiCo, Kraft Heinz, and Givaudan on how AI can improve NPD
NPD takes time. Long hours of R&D lie between an idea and a product launch. AI, however, is helping a range of major companies generate product ideas, as well as do market research and gain insights into the minds of consumers.... Read more
UPCOMING EDITORIAL WEBINARS
FOOD-TECH IN FOCUS: Setting realistic expectations
Cutting-edge food-tech promises to relieve mounting threats to climate change and food insecurity with new ways of producing food more efficiently, with fewer resources and more ethically – but can it deliver? And are regulators, investors, and consumers ready?
14-Nov-2023
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FOOD-TECH IN FOCUS: Separating hype from reality
Industry stakeholders across the value chain are betting big on technology – from AI and increased automation to precision farming and environmentally controlled agriculture – but will it pay off? For example, indoor farming promises fresher food and shorter supply chains, but it faces significant...
14-Nov-2023
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FOOD AS MEDICINE: The crossroads of nutrition, health & equity
Good food is foundational to good health, but with constantly changing diet trends and nutrition advice, most people are unsure where to begin and who to trust. At the same time, affordable and accessible, nutritious food is out of reach for far too many –...
15-Nov-2023
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FOOD AS MEDICINE: Meeting the evolving demand for ‘healthy’
How consumers define and access healthy food is heavily influenced by the nutritional information and products available to them – two ever-shifting and often inequitable factors that innovative industry stakeholders are tackling with new and necessary research and personalized product development.
15-Nov-2023
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THE CIRCULAR ECONOMY: Safely navigate shifting sustainability expectations and claims
Sustainability claims can dramatically amplify brand reach upwards of 33 percentage points when paired with traditional category claims, according to research by the NYU Stern Center. But such claims are catching more than consumers’ eyes – regulators and class action attorneys also are scrutinizing the...
16-Nov-2023
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THE CIRCULAR ECONOMY: What does sustainable sourcing really mean?
Making sustainability claims and sharing progress on ESG goals – even when substantiated – can feel risky as regulators, legislators and class-action attorneys crack down on greenwashing. At the same time, consumers want to know how businesses are responsibly reinforcing supply chains and caring for...
16-Nov-2023
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ON-DEMAND WEBINARS
Elevate Dairy with clean label potato. Superior texturizer for cost-efficient and tasty dairy!
Join us for an eye-opening webinar on Etenia®, the game-changer for (clean label) dairy innovation.
12-Oct-2023
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Functional beverages AM to PM: From energy and focus to clarity and calm
From meal replacements to adaptogen-infused sodas, the beverage category is a hotbed of functional innovation, as consumers demand products to support their health and lifestyle at all hours of the day. So, what are the trends, formats, and ingredients driving this functional evolution? Find out...
20-Sep-2023
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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
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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 what’s 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
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R&D
‘The water is fine’: Plant protein moves into mainstream
Plant protein powder has transitioned from a niche market product for vegans and athletes to a broader base of wellness-minded consumers, according to a survey commissioned by mushroom mycelial fermentation company MycoTechnology.... Read more
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William Reed