In its recent IPO filing, Blue Apron initially set a valuation of $100 million. However, just a few weeks later, the company significantly increased this figure to $510 million, indicating plans to sell 30 million shares priced between $15 and $17 each. This valuation boost highlights Blue Apron’s urgent need to enhance its operations and … Read more
McCormick’s diverse portfolio, which includes a combination of 250 U.S. and international brands, along with its collaborations with leading packaged food companies and multinational restaurants, has enabled the spice manufacturer to achieve steady growth. The rising demand for spices, herbs, and seasonings reflects consumers’ desire for authentic cultural flavors in their daily meals. Recently, McCormick … Read more
The latest report adds further impetus for food companies to refine their ingredient labels or, at the very least, provide consumers with clearer information about the contents of their products. The movement towards cleaner labels—characterized by shorter and simpler ingredient lists—has become standard practice in the food industry. According to Innova Market Insights, nearly 20% … Read more
Banana flour has long served as an economical substitute for wheat flour in regions where the fruit is cultivated globally. However, it has only gained traction in the U.S. market over the past few decades. Until recently, its sales have primarily been confined to retail and boutique shops. With the increasing demand for natural, clean … Read more
The growing popularity of coconut oil can largely be attributed to its direct-to-consumer sales. Various products incorporate this oil as an ingredient, ranging 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 need to cease using coconut oil. Similar to … Read more
The trend toward natural colors continues to gain momentum, yet the decision for companies to replace synthetic colors remains a complex balancing act. Natural colors encounter several hurdles, such as fluctuating prices for raw materials, stability challenges related to heat, pH, and light, as well as consumer acceptance of the color appearance in final products. … Read more
Nanotechnology involves the manipulation of materials at the molecular level, specifically at scales measured in nanometers, or one-millionth of a meter. In the food sector, this technology has generated considerable interest among manufacturers, who are investigating potential applications such as enhancing flavors or colors, increasing the bioavailability of nutrients, and detecting bacteria in packaging. However, … Read more
It appears that the same battles over definitions that have caused turmoil in the dairy sector are now spilling into the rice market. While cauliflower might not be a top choice among consumers—having been touted as “the next big thing” for years—there is a growing interest in guilt-free food alternatives that can enhance diets. This … Read more
Lavazza Group has already achieved success in over 90 countries, but acquiring Kicking Horse, valued at approximately $160 million, allows them to enhance their presence in both the U.S. and Canada, regions where the Italian-based roaster has been expanding in recent years. This acquisition also broadens the coffee giant’s product offerings by incorporating organic fair-trade … Read more
Hydrosol’s innovative texturizing system may represent a significant advancement in the development of meat substitutes, which are increasingly desired by health-conscious consumers. A report from Research and Markets indicates that the global market for meat alternatives is projected to grow at an annual rate of 6.6%, potentially reaching nearly $6 billion in sales by 2022. … Read more