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Insight Partners leads $95m round at Imperfect Foods: ‘Their unit economics are exceptional’
Grocery delivery firm Imperfect Foods has raised $95m in a Series D round led by Insight Partners and Norwest Venture Partners as it transitions from a regional delivery service focused on âuglyâ produce, to a national full-service grocer.
Biden tackles food insecurity in executive order to boost SNAP, Pandemic-EBT benefits & more
President Joe Biden today is expected to take aim at the rising rate of food insecurity in the US during the ongoing pandemic by signing an executive order that will increase federal food assistance, including for those who currently receive the maximum Supplemental Nutrition Assistance Program (SNAP) benefits and have been overlooked by more recent aid, and students who rely on school meals.
Organic produce sales up double digits in 2020, outpacing conventional
Closing out a fourth consecutive quarter of double-digit growth, US retail sales of organic produce were up 14.2% in 2020 compared to 2019, according to the Organic Produce Network's 2020 report.
School Nutrition Association calls for universal free meals for students ‘as an integral part of education’
The School Nutrition Association wants to permanently extend the US Department of Agricultureâs decision late last fall to offer all public-school students free breakfast and lunch through the end of the 2020-21 academic year âas an integral part of the educational experience.â
Third wave of plant-based will move beyond highly processed meat analogs, says Crafty Counter: 'Why aren’t we eating more plants as plants?'
If high-tech reverse engineering has enabled a second generation of meat analogs that precisely mimic their animal-based counterparts, a third wave of plant-based innovation will meet demand for less processed, more culinary-inspired products featuring a wider array of plants, predicts the founder of Crafty Counter, who sells her lentil- and bean-based nuggets in retailers from Walmart to Central Market.
PE firm acquires majority stake in Dr. Praeger’s: 'We have some of the most loyal customers in the industry'
Private equity firm Vestar Capital Partners has made a majority growth investment into Dr. Praeger's Sensible Foods, which makes a range of frozen and refrigerated vegan and vegetarian burgers, sausages and nuggets, appetizers, and snacks.
Eat Beyond adds Above Food to growing portfolio of alternative protein brands
Vancouver, Canada-based Eat Beyond Global Holdings has completed an investment in Above Food Inc.â a distributor of plant-based ingredients and finished products â adding the company to its publicly-traded portfolio of emerging alternative protein companies.
Blind tasting 3D printed alternative meat: ‘It tastes and feels like meat’
Israeli start-up Redefine Meat has pulled off the âworldâs largestâ blind taste test for its 3D printed meat alternative. The taste test targeted meat-eaters and the results are in. The company secured over a 90% acceptance rate.
Kerry Taste charts navigate conflicting demands for comfort & adventure, indulgence & function
While consumers will continue to seek comfort from familiar, nostalgic and often indulgent flavors as the pandemic drags on in the new year, they also will seek balance from functional ingredients offering health benefits and more adventurous flavors that push back against the monotony of living under health-related restrictions, predict experts with Kerry Taste & Nutrition.
Sugar blocker: Evolva’s new ingredient obstructs the body’s ability to digest sucrose
Swiss biotech company Evolva is launching a natural sugar blocker for food and drink applications. L-arabinose is also a reducing sugar, the companyâs head of investor and corporate relations tells FoodNavigator.
‘Sorta sweet’ does not imply low sugar, argues Snapple Beverage Corp as it urges court to toss ‘fanciful’ lawsuit
Does âsorta sweetâ imply that a product is low in sugar? Or does it simply mean that it tastes âkind of sweetâ (as the maker of StraightUp Tea asserts in a bid to fend off a false advertising lawsuit)?
As FTC turnover begins industry expects greater focus on consumer protection
Federal Trade Commission Chairman Joseph Simons announced his resignation yesterday, which begins the process of filling slots at the commission with Biden Administration appointees. A reformed FTC is likely to take a stronger line on consumer protection, industry observers say.
Tate & Lyle receives Non-GMO Project Verification for crystalline allulose ingredient
Tate & Lyle has received Non-GMO Project Verification for the crystalline form of its DOLCIA PRIMA Allulose sweetening ingredient.
FrieslandCampina: Convenient, personalized, and active nutrition top 2021 consumer health trends
Sparked by the health crisis of COVID-19, personalized and active nutrition will be at the forefront of consumers' daily and long-term health goals in 2021, according to a new report from FrieslandCampina Ingredients.
Baby Gourmet poised for US expansion, new product development after acquisition by Hero Group
Leading Canadian organic baby food brand Baby Gourmet is eager to expand its manufacturing capacity and bring its organic meals and snacks for babies and toddlers into the US after joining Hero Groupâs âgoodness of natureâ portfolio, which also includes Beech-Nut and several other international brands.
BlueNalu raises $60m, gears up for commercial launch of cell-based seafood this year
Cell-based seafood startup BlueNalu â which is building a pilot plant, demo kitchen and new HQ at a 40,000 sq ft facility in San Diego â hopes to get its first product (mahi mahi) into a small number of US restaurants by the end of the year, assuming it gets the green light from the FDA.
Ajinomoto defends MSG as nonprofit petitions FDA to rescind its GRAS status
Ajinomoto has defended the safety of flavor enhancer MSG against claims made in a citizen's petition filed by the nonprofit Truth in Labeling Campaign that urges the FDA to rescind the ingredient's GRAS (Generally Recognized as Safe) status.
PepsiCo doubles down on carbon targets: ‘We’re talking about a resilience strategy for the business and the planet’
PepsiCo has stepped up its carbon footprint targets, with the ambition to become carbon neutral by 2040. FoodNavigator speaks to European sustainability chief Chris Daly about why it is an âabsolutely aggressive challengeâ but also a timetable that is ânot for debateâ.
AppHarvest releases first tomato harvest to mass retail: 'We plan on growing just about all fruit and vegetables in a controlled environment'
AppHarvest -- an indoor vertical farming ag tech company based in Morehead, Kentucky -- is shipping out its first harvest of beefsteak tomatoes to national and regional grocery store chains including Kroger, Publix, Walmart, Food City, and Meijer.
USDA Final Hemp Rule draws mixed reactions from industry stakeholders
The US Department of Agriculture (USDA) recently announced the final rule regulating the production of hemp in the United States â well over a year after publishing draft regulations.
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