KANSAS CITY — With 2023 around the corner, companies are predicting the tastes and trends that will rule the upcoming year. Predicted trends for 2023 include consumers who are moving beyond the pandemic and are determined to take control of their health and enhance the health of the planet, all while allowing for comfort, self-care … Read more
LOS ANGELES — Butterfly, a Los Angeles-based private equity firm, has reached an agreement under which it will acquire Milk Specialties Global, a vertically integrated producer of dairy products. Butterfly, which focuses on the food business, is acquiring Milk Specialties from American Securities LLC, a private equity firm that has owned the dairy business since … Read more
CHICAGO—It was Jan. 4, 1989, when The Keebler Co. announced it would eliminate saturated fatty acid-rich tropical oils derived from coconut and palm, as well as lard, from its cookies, crackers and snack foods. Other companies followed in an effort to make the products more heart healthy. The irony is that the fats were replaced … Read more
KANSAS CITY — Applications for mycelium are mushrooming across the food and beverage landscape. The root structure of fungi is gaining momentum as a high-protein ingredient in meat alternatives, animal-free dairy products and more. Mycelial fermentation is also serving as a processing tool and production vehicle, offering solutions to a growing number of formula challenges. … Read more
CHICAGO – The Bel Group and Bel Brands USA announced Dec. 8 the launch of two new alternative dairy options: Nurishh animal-free cream cheese spread and The Laughing Cow Plant-Based. Bel created its Nurishh Incredible Dairy Animal Free Cream Cheese Spread Alternative in collaboration with Perfect Day, Berkeley, Calif., which developed a precision-fermented protein for … Read more
TORONTO — A confluence of challenged events Maple Leaf Foods, Inc. during the third quarter of fiscal 2022, ended Sept. 30. Management sought to satisfy investors that the issues are transitory and short-term during a Nov. 8 conference call to discuss the results. “We hope that you take away a very clear and identifiable understanding … Read more
NEW YORK — Woman-owned clean label sprinkle and confectionery company Supernatural has entered new B2B partnerships with Milk Bar, King Arthur Baking and SnackConscious. Supernatural products are made using vegan, RSPO certified and plant-based ingredients, all of which are fully traceable. The company is on track to have 100% of its portfolio manufactured in the … Read more
SAN FRANCISCO — Following the expanded distribution of its Hero Bread sandwich rolls through Subway franchises nationwide this summer, Hero Labs, Inc. introduced four products in September through e-commerce giant Amazon.com — Hero Classic White Bread, Hero Flour Tortillas, Hero Classic Hot Dog Buns and Hero Classic Burger Buns. For the past three weeks, Hero … Read more
LONDON — The future for protein alternatives is bright, according to GlobalData, estimating the market will continue to build on its current growth over the next few years as alternatives close the price, taste and texture gap with conventional proteins. In addition to factors like increased consumer awareness of cruelty-free products, novel source availability and … Read more