In its recent IPO filing, Blue Apron initially set a valuation of $100 million. However, just a few weeks later, the company significantly raised that figure to $510 million and announced plans to sell 30 million shares priced between $15 and $17 each. This increase highlighted Blue Apron’s urgent need to enhance its operations and … Read more
McCormick’s extensive portfolio, which includes a diverse array of 250 U.S. and international brands, along with its collaborations with leading packaged food companies and multinational restaurant chains, has enabled the spice manufacturer to achieve steady growth. The surge in consumer demand for spices, herbs, and seasonings—driven by a desire for authentic cultural flavors—has further benefited … Read more
The latest report offers additional motivation for food companies to improve their ingredient labels or, at the very least, provide consumers with clearer information regarding the contents of their products. According to Innova Market Insights, the movement towards cleaner labels—characterized by shorter, simpler ingredient lists—has become the standard in the food industry, with nearly one … Read more
Banana flour has served as an economical substitute for wheat flour in regions where the fruit is cultivated for many years, yet it has only recently made its debut in the U.S. market over the past few decades. Until now, its sales have primarily been confined to retail and boutique stores. However, with the rising … Read more
The rising popularity of coconut oil can largely be credited to its direct-to-consumer sales. Products incorporating this oil range from potato chips fried in coconut oil to coconut-based whipped toppings for coffee. The American Heart Association’s (AHA) recommendations do not imply that companies must cease its use. Similar to how real butter can enhance certain … Read more
The trend towards natural colors shows no signs of diminishing; however, deciding whether to replace synthetic colors remains a complex challenge for companies. Natural colors encounter various obstacles, such as fluctuations in raw material prices, stability issues related to heat, pH, and light, and consumer acceptance regarding the appearance of the colors in finished products. … Read more
Nanotechnology involves manipulating substances at the molecular level, specifically at scales measured in nanometers (one millionth of a meter). In the food sector, this technology has generated significant excitement among manufacturers as they explore its diverse potential applications, such as enhancing flavors and colors, increasing the bioavailability of nutrients, and detecting bacteria in packaging. However, … Read more
Last week, the Institute of Food Technologists conference showcased the plant-based eating trend, which was a key focus during panel discussions and on the exhibition floor. From tomato extracts to reduce sodium levels, to legumes used as alternatives for flours, milks, and “meat” products, exhibitors presented plant-based solutions for nearly every consumer need. Notably, there … Read more
The Lavazza Group has already achieved success in over 90 countries, but acquiring Kicking Horse, which is valued at approximately $160 million, allows them to enhance their presence in both the U.S. and Canada—a market the Italian roaster has been developing in recent years. This purchase also broadens the coffee giant’s product line with organic … Read more
Hydrosol’s innovative texturizing system could mark a significant advancement in the development of meat substitutes, which are increasingly appealing to health-conscious consumers. A report from Research and Markets predicts that the global market for meat alternatives will experience an annual growth rate of 6.6%, potentially reaching nearly $6 billion in sales by 2022. Additionally, a … Read more