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Courtesy of The Every Company


THE EVERY COMPANY WHIPS UP INTEREST IN ANIMAL-FREE EGG INGREDIENTS

Skyrocketing prices and dwindling supply due to bird flu is stoking manufacturer
interest in replacing the commodity ingredient with one made from precision
fermentation. Read more ➔


TOP STORIES


 1. COCA-COLA STRUGGLES TO INTEGRATE $5.6B PURCHASE OF BODYARMOR


 2. FOOD INFLATION TO REMAIN VOLATILE DESPITE RECENT IMPROVEMENTS, TRADE GROUP
    SAYS


 3. HOW CHOCOLATE MAKERS INSPIRE DEVOTION FROM CONSUMERS ON VALENTINE’S DAY


 4. NO- AND LOW-ALCOHOL CATEGORY TOPS $11B IN 2022 WITH GROWTH ACCELERATING,
    IWSR SAYS


 5. TREEHOUSE FOODS LOOKING TO M&A TO IMPROVE MANUFACTURING CAPACITY


THE LATEST

 * Access now➔
   
   Trendline
   
   
   INSIDE THE MATURATION OF THE PLANT-BASED CATEGORY
   
   While plant-based meat’s sales growth is slowing, investment and innovation
   in the space is continuing. There’s a lot coming into the space, from
   companies with new ideas to studies showing positive effects on
   sustainability.

 * Courtesy of Frito-Lay
   Opinion
   
   
   WHY BRANDS NEED TO PAY ATTENTION TO THIS YEAR’S ‘SNACK BOWL’
   
   Brands are starting to place a heavier focus off the big screen and onto
   social media platforms, writes Joe Charnitski, director of customer
   experience management best practices at Sprinklr.
   
   Finances and Deals
 * Permission granted by Keith Seiz / Strategy Director Brightly creative. / A
   craft marketing agency working in the food and beverage industries. /
   brightlycreative.com
   Sponsored by National Honey Board
   
   
   5 REASONS TO USE HONEY IN YOUR NEXT PRODUCT
   
   Why use honey in food and beverage products? Because that’s what consumers
   want. Here’s why.

 * Courtesy of Eat Just
   
   
   HOW JUST EGG DELIVERS AS THE MARKET SCRAMBLES
   
   The plant-based substitute has seen record velocities and increased demand in
   recent months, but leaders say it hasn’t changed the company’s mission.
   
   Food Tech
 * Courtesy of Coca-Cola
   
   
   COCA-COLA DEBUTS ‘TRANSFORMATION-FLAVORED’ SODA IN ITS LATEST LIMITED-TIME
   OFFERING
   
   Move, part of its Creations platform, doesn’t promote a flavor, such as
   cherry or vanilla, but rather a mood.
   
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 * Access now➔
   
   Trendline
   
   
   INSIDE THE MATURATION OF THE PLANT-BASED CATEGORY
   
   While plant-based meat’s sales growth is slowing, investment and innovation
   in the space is continuing. There’s a lot coming into the space, from
   companies with new ideas to studies showing positive effects on
   sustainability.
   
   Access now➔
   
   Trendline
   
   
   INSIDE THE MATURATION OF THE PLANT-BASED CATEGORY
   
   While plant-based meat’s sales growth is slowing, investment and innovation
   in the space is continuing. There’s a lot coming into the space, from
   companies with new ideas to studies showing positive effects on
   sustainability.

 * Courtesy of Tofurky
   
   
   TOFURKY BOUGHT BY MORINAGA NUTRITIONAL FOODS FOR UNDISCLOSED AMOUNT
   
   The plant-based meat pioneer has worked with the division of the Japanese
   dairy giant for 17 years, and the acquisition will help strengthen its supply
   chain and bolster future expansions.
   
   Finances and Deals
 * Courtesy of Kellogg
   
   
   KELLOGG WILL NOT SPLIT OFF ITS PLANT-BASED BRANDS
   
   The CPG giant — which saw sales increase 12% in its last quarter — is holding
   on to MorningStar Farms and only breaking off its cereal brands, CEO Steve
   Cahillane said on the earnings call.
   
   Finances and Deals
 * Courtesy of Keurig Dr Pepper
   Column
   
   
   LEFTOVERS: DR PEPPER ADDS STRAWBERRIES AND CREAM; SOCIAL BREW FLIPS INTO
   PANCAKES WITH A PURPOSE
   
   The beverage maker brings the fruity flavor to its latest product, and Nyak
   Cognac debuts two new flavors in collaboration with rapper Trina.
   
   Ingredients
 * Courtesy of Post Holdings
   
   
   POST ENTERS PET FOOD CATEGORY THROUGH $1.2B DEAL WITH J.M. SMUCKER
   
   The deal, which includes Rachael Ray Nutrish and Kibbles ’n Bits, gives the
   Pebbles cereal and Peter Pan peanut butter producer a prominent presence in a
   category dominated by Mars, Nestlé and General Mills.
   
   Finances and Deals
 * Access now➔
   
   Trendline
   
   
   INSIDE THE MATURATION OF THE PLANT-BASED CATEGORY
   
   While plant-based meat’s sales growth is slowing, investment and innovation
   in the space is continuing. There’s a lot coming into the space, from
   companies with new ideas to studies showing positive effects on
   sustainability.

 * Courtesy of Kellogg
   
   
   KERRY ACCEPTS $19.2M FINE FOR 2018 SALMONELLA OUTBREAK IN HONEY SMACKS
   
   The food and ingredients company pleaded guilty to knowingly manufacturing
   the Kellogg cereal in an unsanitary facility. The company’s former director
   of quality assurance will be sentenced next week on related charges.
   
   Manufacturing
 * Christopher Doering/Food Dive
   
   
   AS CPG NEEDS SHIFT, INGREDION ACCELERATES CHANGE WITHIN
   
   From hiring workers with expertise in snacking or alternative sweeteners to
   bulking up its portfolio, the ingredients provider is quickly adapting to
   an ever-growing list of demands from its customers and shoppers.
   
   Manufacturing
 * Prostock-Studio via Getty Images
   
   
   FDA APPROVES QUALIFIED HEALTH CLAIM FOR SOME COCOA POWDER
   
   Allowed on products that use specific ingredients with boosted flavanols, it
   lets consumers know there is “very limited scientific evidence” it could
   reduce the risk of cardiovascular disease.
   
   Ingredients
 * Courtesy of Motif FoodWorks
   
   
   MOTIF FOODWORKS EXPANDS BUSINESS TO HELP STARTUPS
   
   The biotech company now offers fermentation and bioprocessing services at
   bench scale at its new 65,000-square-foot hub near Boston.
   
   Food Tech
 * Drew Angerer via Getty Images
   
   
   HOW FDA STOPPED THE MOMENTUM FOR CBD IN FOOD AND DRINK
   
   Several companies bought big into the once-promising segment, but the
   government’s decision not to permit the ingredient in food and beverages has
   left producers unwilling to invest further.
   
   Finances and Deals
 * Nikola Stojadinovic via Getty Images
   
   
   TIGHT SUPPLIES WILL LEAD TO LOWER MARGINS FOR MEAT PRODUCERS IN 2023: S&P
   REPORT
   
   The nation’s most popular credit rating agency said volatile dynamics will
   drive protein companies to make more cautious decisions and limit
   investments.
   
   Corporate Operations
 * “ICEE” by Steve Snodgrass is licensed under CC BY 2.0
   
   
   J&J SNACK FOODS TO ADD 3 NEW DISTRIBUTION CENTERS IN BID TO SIMPLIFY NETWORK
   
   The snack maker says the new facilities will boost efficiencies by reducing
   party logistics locations.
   
   Manufacturing
 * Christopher Doering/Food Dive
   
   
   INSIDE PEPSICO’S STRATEGY TO GROW ITS ICONIC $21B SNACKING PORTFOLIO
   
   Parth Raval, the division’s chief growth officer, said the CPG giant is
   exploring different ingredients, packaging formats and flavor offerings to
   strengthen its dominant presence in the category.
   
   Corporate Operations
 * Courtesy of McCormick
   
   
   MCCORMICK CUTTING JOBS AS PART OF $75M IN COST SAVINGS IN 2023
   
   The flavoring giant, which has yet to announce how many employees would be
   impacted or when, said the staff reductions would be both voluntary and
   involuntary.
   
   Ingredients
 * “Tysons Food Donation 2012” by Central Texas Food Bank is licensed under CC
   BY-ND 1.0
   
   
   TYSON EARNINGS MISS EXPECTATIONS AS CHICKEN DEMAND DIPS, BEEF COSTS INCREASE
   
   The meat giant’s CEO Donnie King said in its earnings call Monday that weaker
   consumer demand and operational difficulties hampered the company’s sales
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   Corporate Operations
 * Jerritt Clark via Getty Images
   
   
   BACARDI BUYS MAJORITY OF JAY-Z’S COGNAC BRAND, ENDING LEGAL BATTLE
   
   The entertainer and businessman created D’Ussé with the alcohol maker, but
   filed a series of lawsuits challenging the company’s valuation of his share.
   
   Finances and Deals
 * Courtesy of Rebellyous Foods
   
   
   REBELLYOUS FOODS RAISES $9.5M TO BUILD ITS PLANT-BASED CHICKEN TECH
   
   The Seattle company is working toward deploying a custom manufacturing
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   Finances and Deals
 * Courtesy of Mondelez International
   Column
   
   
   LEFTOVERS: SOUR PATCH KIDS PAINTS VALENTINE’S DAY BLACK; HÄAGEN-DAZS CRAFTS
   BUTTER COOKIE CONES
   
   The Mondelēz-owned brand targets consumers who aren’t fond of the romantic
   holiday with its new candy, and Nutella debuts its first new snacks in the
   U.S. in more than a decade.
   
   Ingredients

 * Motif FoodWorks
   
   Opinion
   
   
   WHY PLANT-BASED MEAT IS NOT ‘JUST ANOTHER FAD’
   
   We are too close to unlocking the full potential of food design and the
   secrets of taste and texture to pull back on the space now, writes Michael
   Leonard, CEO of food-tech company Motif FoodWorks.
   
   Food Tech
 * Catherine Douglas Moran/Food Dive
   
   
   EGG PRICES TO REMAIN HIGH FOR AS LONG AS BIRD FLU CONTINUES, EXPERTS SAY
   
   After prices more than doubled over the past year, producers are grappling
   with the impact of the virus while politicians and activists call for
   investigations into potential price gouging.
   
   Manufacturing
 * Courtesy of New School Foods
   
   
   HOW NEW SCHOOL FOODS USES NEW IDEAS TO MAKE RAW PLANT-BASED SALMON
   
   The research-focused startup is emerging from stealth with a $12 million seed
   round it will use to come to restaurants in 2024.
   
   Food Tech
 * Courtesy of Halo Top
   
   
   HALO TOP ENTERS BAKING MIX CATEGORY
   
   The maker of better-for-you treats is launching its first product lines
   outside the ice cream space after another year of slowing sales for its
   flagship frozen desserts.
   
   Ingredients
 * Courtesy of Kerry
   
   
   INTERNATIONAL FLAVORS AND UNCONVENTIONAL MASHUPS TOP KERRY’S TASTE TRENDS
   
   In the ingredients company’s 10th annual review of up-and-coming flavors
   across the globe, consumers are hoping to travel with their tastebuds, try
   unconventional pairings and get spicy in 2023.
   
   Ingredients

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MOST POPULAR

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 3. Coca-Cola struggles to integrate $5.6B purchase of BodyArmor
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LIBRARY RESOURCES

 * Playbook
   Temperature Monitoring & Traceability in the Food Supply Chain Custom content
   for Tive
 * Infographic
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   Geodis
 * Podcast
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COMPANY ANNOUNCEMENTS

 * SimplyV Launches Plant-Based Cream Cheese in the U.S. From SimplyV
 * Equinom Announces Appointment of President, North America and Chief Science
   Officer From Equinom
 * Glow expands into US market with ESG focused consumer insights product From
   Glow
 * Kindness - a plant based food startup looks to expand the market for
   alternative proteins From Kindness

View all | Post a press release


WHAT WE’RE READING

 * The Guardian Is Florida running out of orange juice? Record prices put the
   squeeze on consumers
 * The Wall Street Journal Kraft Heinz Earnings Climb With Higher Pricing
 * Bloomberg Businessweek The Pandemic Sent US Consumers Back to the Sugar Bowl

View all


EVENTS

 * 08 MAY
   Conference TUTTOFOOD Milan, Italy
   Presented by TUTTOFOOD


INDUSTRY INTEL

 * Best Practices for Improving Food and Beverage Product Quality with ERP
   Webinar - on demand • Provided by Oracle NetSuite




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