Category: INDUSTRY NEWS

News Eating at home in the U.S. just became 15% more expensive on an annual basis, according to a new study from KPMG. The survey noted that on average, the projected household food budgets will increase $79 per month to $611 as compared to 2021. Overall, the survey reported that 2022 grocery prices will increase […]

News ITC, one of India’s largest corporations, announced it is entering the plant-based protein space through its ITC Master Chef brand where it will launch burger patties and chicken nuggets made from alternative protein sources. The conglomerate’s food business vertical will launch these products through direct-to-consumer retail and e-commerce as well as in foodservice establishments […]

News Familiar ingredients, more product choice and lower prices are just some of the attributes European consumers are looking for in plant-based foods, according to the findings of a recent ProVeg consumer survey. This summer, in partnership with Innova Market Insights and as part of the Smart Protein project, non-profit organisation ProVeg conducted a 7,500-strong […]

News PepsiCo took another step into the alcohol category when it launched Lay’s Potato Vodka in December. However, this foray into alcohol did not last long as the trial product sold out in a matter of hours, according to a post by the company on Twitter. The potato-based vodka was made using the same potatoes […]

News Israeli animal-free dairy company Remilk raised $120 million in a Series B funding round led by Hanaco Ventures with participation from a number of other investors, including Impossible Foods backer CPT Capital, plant-based protein company Just, Yofix, Precision Capital and Rage Capital. This funding round expands the startup’s funding by 10 fold and is […]

News The U.S. White House announced in early January that it will contribute $1 billion in American Rescue Plan funding to independent meat processors in order to increase competition within the industry and lower protein prices. This plan includes $375 million in grants for new facility projects for sferrous gluconate 300mg liquidmall meatpackers, $275 million […]

News Irish ingredients company Kerry identified India as a particularly high-growth market for plant-based proteins. Thanks to the fact that one-third of India’s population i0.1 n ferrous ammonium sulfatedentifies as vegetarian while the remaining 70% regularly eat meals without meat, the market is ripe for alternative protein companies to offer vegetarian alternatives. “The opportunity and […]

News Codex Alimentarius has adopted a Framework for Steviol Glycosides approving four different technologies for the production of the sweetener, a move that stakeholders say will ‘benefit the entire stevia industry’. The Framework for Steviol Glycosides now approves four production technologies for steviol glycosides that are made via extraction, bioconversion, fermentation and glycolysation.While manufacturers using […]

News After two years of producing dairy- and oat-based coffee creamers, Chobani is branching into plant-based coffee pairing options with the debut of Chobani Plant-Based Coffee Creamers. These creamers come in four flavors: Caramel Macchiato, Chocolate Hazelnut, Sweet & Cris iron fumarate goodeamy and French Vanilla. Made with a blend of plant-based ingredients the company […]

News After three years of working with CRISPR technology to edit the genes of various fruits and vegetables, Pairwise said it expects its first products to hit shelves next year, Food Dive reported. The startup, which was co-founded by Tom Adams, a former vice president of Monsanto, said leafy greens that have been edited to […]