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Alternative beef for $3? Several firms are looking to hit that target
19 Aug 2021
An ongoing criticism of meat alternatives is price. However, as grocery prices have risen globally as a result of pandemic-related supply chain repercussions, plant-based alternatives have found themselves able to take a bigger bite out of the protein ...
Read moreCannabis ice cream is becoming big in the U.S.
18 Aug 2021
Hot summer days call for a cool scoop of ice cream, but for those that are interested in chilling out in more than just temperature, Boston-based ice cream brand Emack & Bolio’s has partnered with the multi-state cannabis operator MariMed to bring cann...
Read moreAustralian wine exports experience double-digit decline
17 Aug 2021
Exports of Australian wine fell 10% to $2.56 billion AUD from 2020 to 2021 according to the latest Export Report by Wine Australia. Much of this decline followed tariffs China levied on Australian wine last year.
Read moreAsia’s most popular vegan pork is now available in U.S. retail
16 Aug 2021
In April, the Hong Kong phenomenon OmniFoods came onto U.S. shores with three styles of its vegan pork that it made available in limited locations on the West Coast. Then in August, the brand, which is the food tech arm of Green Monday, announced that ...
Read moreEU approves stevia produced via enzymatic conversion
16 Aug 2021
The European Commission has approved use of the enzymatically converted stevia molecule, Reb M, for use in the EU.
Read moreYum! Brands leans on digital sales to net double-digit YOY growth
13 Aug 2021
Fast-casual restaurant group Yum! Brands released its second quarter earnings report at the end of July, revealing that despite the troubles and tribulations facing many dining establishments, the group’s brands remained relatively insulated from sales...
Read moreSingapore snacking startup making indulgent foods healthy grabs $3M in funding
12 Aug 2021
Singapore-based Hoow Foods, which develops better-for-you versions of indulgent snacks and ingredients using artificial intelligence (AI), announced it secured S$3 million in a Series A funding round. The round was led by Singapore-based venture firm F...
Read moreMolson Coors set to discontinue 11 of its economy brands
11 Aug 2021
In its most recent quarterly earnings call, beer titan Molson Coors announced that it will discontinue 11 of its value brands, some of which have strong regional loyalty. In total 100 SKUs will no longer be available.
Read moreCoca-Cola sells its first nonfungible token
10 Aug 2021
Beverage giant Coca-Cola auctioned off its first-ever NFT or nonfungible token to commemorate International Friendship Day on July 30. Proceeds from the action, which totaled 217 ETH or $569.805, went to Special Olympics International.
Read morePunk health: Why young Chinese are fuelling health supplement sales
9 Aug 2021
Around the world, the health supplement market’s biggest consumers tend to be older people. In China, however, it is the younger generation of ‘punk health’ aficionados who are fuelling supplement sales.
Read moreObama celebrated 60 with top vegan brands
9 Aug 2021
Plant-based foods have become so widely accepted that former President Barack Obama’s 60th birthday celebration featured a vegan, plant-based menu, according to a menu leaked by Bloomberg.
Read moreBeyond Meat launches chicken tenders in US foodservice
6 Aug 2021
Beyond Meat now serves plant-based chicken nuggets at over 400 foodservice retail outlets in the United States. Its nuggets are made with a fava bean and pea protein base that the plant-based protein titan says customers consider to be on par with real...
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