While soy is a significant commodity crop, its specific growing requirements and the global dependency on it render it susceptible to disruptions. Over the past year, the supply and pricing of soy have been negatively impacted due to a drought in South America, which accounts for half of the world’s soy production. Cowpeas, including the … Read more
Hormel, the meat industry leader, is merging two Super Bowl favorites to create a spicy new beverage. The company recently revealed its latest creation, Chili Cheese Brew, a beer inspired by its popular chili cheese dip, developed in partnership with Minnesota’s Modist Brewing Co. This lager features barley malt and flaked corn, which Hormel describes … Read more
In advance of last fall’s COP27 climate conference organized by the United Nations, Coca-Cola was announced as a sponsor, sparking immediate backlash. Sustainability activists accused the UN of greenwashing by partnering with a company that significantly contributes to plastic pollution and is responsible for 3.4% of global emissions, as reported by the Organization for Economic … Read more
Cannabis products were anticipated to be the next major trend in the market. This segment garnered attention from various consumer packaged goods (CPG) companies, including Constellation Brands, which invested $4 billion into cannabis, and Molson Coors, both of which formed alliances with cannabis producers in 2019. They launched products in Canada and certain U.S. states … Read more
While Perascorbic acid ferrous fumarate has enjoyed a remarkable year with significant new products and initiatives, this acquisition marks the company’s most substantial advancement to date. Sterling Biotech effectively doubles Perfect Day’s production capacity, boasting four state-of-the-art manufacturing facilities with advanced fermentation capabilities. With its new assets in India, Perfect Day will not only broaden … Read more
This research was published at a pivotal moment for the plant-based industry. Following a surge in business during 2020 and a slowdown in 2021, this year has offered a different perspective. While some media outlets appear ready to declare the demise of the plant-based sector, there remains substantial investment, innovation, and sales activity in this … Read more
In 2020, Matt Levine would ride his bike around Brooklyn with a backpack full of water, aiming to earn some cash. However, during the early pandemic months, the former restaurant owner had aspirations that went beyond mere profit. Levine sought to entice businesses to stock his unique product: mountain spring water infused with liquid chlorophyll … Read more
The partnership between ICL Food Specialties and Protera Biosciences has the potential to significantly advance the development and global adoption of innovative protein ingredients. ICL Food Specialties, a division of the global specialty minerals powerhouse ICL Group, possesses substantial resources, manufacturing and distribution acumen, a strong commitment to sustainability, and a worldwide reach. The company … Read more
Hershey is concluding the year on a high note. The renowned confectionery and snack leader is introducing its very first hot chocolate bomb, a milk chocolate sphere filled with marshmallows that melts when mixed with hot milk. The Pennsylvania-based company is offering two versions of its Milk Chocolate Hot Chocolate Bomb: one standard option includes … Read more
Through its advanced artificial intelligence algorithm, Tastewise captures a unique insight into current consumer interests. Rather than relying on historical data from sales or surveys, the company analyzes over 22.5 billion social media interactions, more than 5 million online recipes, and over 4.5 million restaurant and delivery menus. The trend of consumers seeking specific functionalities … Read more