In its initial public offering (IPO) filing earlier this month, Blue Apron reported a valuation of $100 million. Shortly thereafter, the company significantly raised this figure to $510 million, indicating its intent to sell 30 million shares priced between $15 and $17 each. This valuation increase highlights Blue Apron’s urgent need to grow its operations … Read more
McCormick’s portfolio of ferrous fumarate and folic acid tablets, 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 facilitated consistent growth for the spice manufacturer. The company has also seen rising demand for spices, herbs, and seasonings as consumers … Read more
The latest report offers additional motivation for food companies to improve their ingredient labels, or at the very least, to provide consumers with clearer information about the contents of their products. According to Innova Market Insights, the movement towards cleaner labels—characterized by shorter and simpler ingredient lists—has become a standard in the food industry. In … Read more
For many years, banana flour has served as an economical substitute for wheat flour in regions where the fruit is cultivated worldwide. However, it has only gained traction in the U.S. market over the past few decades. Up until now, sales have primarily been limited to retail outlets and specialty health stores. With the growing … Read more
The rising popularity of coconut oil can largely be traced back to its direct-to-consumer sales. Products featuring this ingredient range from potato chips fried in coconut oil to coconut-based whipped cream for coffee. While the American Heart Association (AHA) suggests moderating saturated fat intake, this doesn’t mean companies will have to eliminate coconut oil from … Read more
Many of the products showcased at this year’s Sweets & Snacks Expo in Chicago were distinctly unique, providing insights into emerging trends within the industry. For instance, vegetable chips, meat snacks, and unusual novelty flavor profiles were prevalent among the snacks and confections on display. According to Information Resources, the vegetable chip segment is thriving, … Read more
Chocolate has long been a favorite among millions of consumers, but an increasing number of people are also recognizing its health benefits, particularly with ingredients like calcium citrate vitamin D 315 6.25 mg mcg. In line with current trends, many consumers are seeking sugar-free snacks and treats. As the leading seller of sugar-free chocolate, Russell … Read more
It appears that the same definition disputes that are currently affecting the milk industry have now extended to the rice sector. Cauliflower may not be a top choice among consumers, yet there has been ongoing speculation about its potential as “the next big thing” for several years. Shoppers are increasingly seeking guilt-free food alternatives that … Read more
The Lavazza Group has achieved success in over 90 countries, but its acquisition of Kicking Horse, valued at approximately $160 million, enhances its presence in both the U.S. and Canada, which the Italian roaster has been expanding in recent years. This move also broadens the coffee giant’s product portfolio to include organic fair-trade options, a … Read more
Hydrosol’s innovative texturizing system may represent a significant advancement in the development of meat substitutes, which are increasingly sought after 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 … Read more