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Pandemic leads Heineken to cut 8,000 jobs
22 Feb 2021
Dutch brewing giant Heineken announced it will cut 8,000 jobs as part of a new restructuring effort. The timeline for these job reductions will vary across locations, but the company did say that its head-office will see a 20% reduction in positions at...
Read moreMars abandons US pledge to remove artificial colours
20 Feb 2021
Mars has abandoned its 2016 pledge to remove artificial colours, associated with behavioural problems in children, from its US portfolio.
Read moreNestlé plans to launch a vegan KitKat bar
19 Feb 2021
For those looking for plant-based treats, KitKat bars will soon offer a vegan alternative, announced Swiss CPG giant Nestlé. The newest KitKat formulation will be called KitKat V, and it will be certified vegan as well as use 100% sustainable cocoa.
Read moreInfant probiotic brand nurtured a $55M funding round
18 Feb 2021
Evolve, a biotech company specializing in probiotics aimed at addressing infant gut microbiome deficiencies, closed a $55 million Series D funding round led by Cargill and Manna Tree. As part of the investment, Cargill and Manna Tree will join the comp...
Read moreGlobal interest in no- and low-alcohol bubbles over
17 Feb 2021
In stark contrast to the struggles faced by alcohol brands worldwide, global sales of no- and low-alcohol beverages are steaming ahead, with London-based market research firm IWSR predicting that sales in this category will surge 31% by 2024.
Read moreBunge Loders Croklaan expands organic portfolio
17 Feb 2021
Oils and fats solutions specialist, Bunge Loders Croklaan, is growing its organic portfolio in Europe.
Read morePeatos gets an investment from Post Cereals
16 Feb 2021
Post Holdings Inc. led a $12.5 million Series B funding round for better-for-you snacking brand Peatos. The growing snack band says it will use the funds to continue its mission to give Americans better-for-you “junk food” options by adding nutrient-de...
Read moreBodyArmor energizes its brand with caffeinated sports beverage
15 Feb 2021
Sports drink brand BodyArmor released a new addition to its lineup that is fortified with 100 mg of natural caffeine as well as 1,000mg of electrolytes. Called BodyArmor Edge, the beverage comes in four flavors: Berry Blitz, Tropical Chaos, Power Punch...
Read moreAleph Farms cultivates ribeye steak with 3D-Bioprinter
12 Feb 2021
Aleph Farms, the Israeli cultivated meat company, announced that it printed a ribeye steak using three-dimensional bioprinting technology. The slaughter-free steak is a follow-up to Aleph’s first attempt to print meat in 2018, when it revealed that it ...
Read moreLawsuits launched over heavy metals found in baby food
12 Feb 2021
Major US baby food manufacturers are facing class action lawsuits in the wake of a government report that alleged “dangerously high levels” levels of heavy metals, such as lead, arsenic and cadmium in their products.
Read moreFood and beverage e-commerce could hit $109B in 2021
11 Feb 2021
This year, U.S. online sales of packaged food and beverages are forecast to reach between $90 billion and $109 billion, according to recent research from the Food Industry Association (FMI) and NielsenIQ. The final dollar figure will be contingent on t...
Read moreIndia facing fears of too much sugar, prices suffering
10 Feb 2021
Worldwide sugar futures climbed 1.5% to $434.90 per ton the first week of February – the highest prices in over three years, according to the Economic Times. However, Indian sugar mills are struggling to take advantage of this attractive price tag due ...
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