The gluten-free products market is anticipated to reach $7.5 billion by 2027, as reported by Allied Market Research. Once scarce, gluten-free foods are now widely available, made from ingredients ranging from almonds to rice and chickpeas. While various gluten-free flours are now accessible, many consumers find baked goods lacking in satisfaction due to the absence … Read more
IFF appears to be rapidly advancing its strategy to streamline operations, aiming to reduce costs and enhance customer service. This marks the second significant divestment by the ingredients giant in the last two months. “We will continue to assess our portfolio moving forward to ensure it meets our customers’ needs while also aligning with our … Read more
As the plant-based meat sector began to gain momentum in 2019, major food companies introduced blended products that combined real meat with plant-based proteins. These offerings aimed to attract selective flexitarians who wanted to reduce their meat consumption without completely eliminating it. However, most of these products struggled in the market. In 2019, Tyson launched … Read more
Moolec Science, the newest food company to launch on Nasdaq, does not view its public debut as a finish line, according to CEO Gastón Paladini. Instead, he believes it marks just the beginning of a transformative journey. “I personally see this as a groundbreaking moment for the alternative protein sector, particularly in molecular farming, which … Read more
Although John B. Sanfilippo & Son may not be widely recognized, it has established itself as a significant player in the nut industry, primarily through its Fisher brand and a strong presence in private labels. The acquisition of Just the Cheese indicates the company’s intention to broaden its snacking portfolio by integrating brands that can … Read more
One hundred twenty years ago, in 1902, Archer Daniels Midland (ADM) began as a linseed oil operation in Minneapolis. Over the years, ADM has evolved into a vast global enterprise with 41,000 employees and operations in nearly 200 countries. The company is recognized for its extensive range of agricultural products. Notably, ADM has ventured into … Read more
When IFF merged with the former DuPont Nutrition & Biosciences last year, it formed a vast mega-corporation capable of addressing various sectors within food, fragrances, ingredients, and chemicals. Since the merger, IFF has focused on integrating the new segments while divesting those that do not align with its business objectives, such as microbial controls and … Read more
Throughout 2022, even as companies faced challenges such as inflation and supply chain issues, senior executives maintained a focus on acquisitions to strategically position their organizations for future success. For many buyers, acquiring an established brand or company that has already been tested in the consumer market offers a quick path to enter a new … Read more
While Kodiak Cakes has established its reputation through its signature whole grain pancakes and waffle mixes, the new CEO Valerie Oswalt is confronted with a significant challenge: persuading consumers that the brand offers more than just these products. Oswalt, who took over from co-founder and former CEO Joel Clark just two months ago, noted that … Read more
A recent report indicates that cocoa companies striving to enhance the sustainability of their supply chains must fundamentally alter their business models to ensure farmers receive higher incomes, thereby achieving true sustainability. The Cocoa Barometer report, published last month by the nonprofit organization Voice Network, highlights several factors intensifying the environmental and human rights challenges … Read more