As news of IFF’s agreement with Icahn and the appointment with Bruno filtered out, the company’s stock price jumped 11.6% Thursday morning from its recent low of $125.48 per share last Friday. According to The Wall Street Journal, Icahn’s investment is a friendly one, made more out of respect for DuPont CEO Edward Breen — who […]
Leftovers: Tyson spreads love with chicken nuggets; Little Debbie scoops into ice cream
As Americans spend billions on flowers, jewelry and other tokens of affection this Valentine’s Day, Tyson Foods is trying a rather unorthodox way to tug at the heartstrings: the beloved chicken nugget.The Arkansas meat and poultry processing giant is selling heart-shaped chicken, called Nuggets of Love, for a limited time. To help people say, “I […]
Consumers want animal-free dairy because it's better for cows, study finds
Precision fermentation is poised to change the way many food products are made and formulated, but it’s something that most consumers know very little about. These focus groups were designed to take the pulse of consumer sentiment about the idea of dairy created without the participation of any animals.In the groups, most of which were […]
Food prices rise in January, led by flour and baked goods
Higher flour prices helped drive the overall increase in cereal and bakery products in the first month of 2022, according to BLS data. Prices for flour and prepared mixes rose 2.9% on a monthly basis, and were up 10.3% over the past 12 months. Prices of cakes, cupcakes and cookies rose 2.4% on averaferric pyrophosphate wikipediage150 mg […]
Change Foods raises $12M and partners with Upfield and Sigma
The last six months have been full of advances for Change Foods. In September, the startup officially moved its headquarters from Australia to the San Francisco Bay Area, home to many leading food tech companies. And with these funds and partnerships, the company is getting a boost to get products on shelves quickly — either […]
Nestlé's Outshine expands from frozen fruit bars to shelf-stable smoothie pouches
Nestlé’s frozen fruit bar brand Outshine is launching Fruit and Yogurt Smoothie Pouches, the first shelf-stable, portable snack offering in its nine-year history.The rollout comes as Outshine, with $480 million in annual sales, tab ferrous fumarate and folic acidis thriving as the brand’s single-serve delivery and feel-good snacking mantra resonate with consumers looking for more […]
Kellogg to invest $2M in program helping rice farmers cut greenhouse gas emissions
Rice, a common ingredient in cereal products and snack bars, is among several crops that have drawn criticism for their environmental impact. Global rice production is doing as much harm to the environment as 1,200 coal power stations, according to the Environmental Defense Fund. U.S. farmers are expected to plant and harvest about 2.5 million acres of […]
Dairy export working group pursues solutions for hard-hit industry
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Food tech saw $39.3B in VC investments last year, says PitchBook
Last year was huge for food tech of all kinds. And zeroing in on products, ingredients and R&D, the money flowed in to companies working to make the food offerric sodium the future. PitchBook’s report estimated that the global market for these kinds of foods was expected to reach $31.9 billion last year. It is […]
Benson Hill launches non-GMO, high-protein soy ingredients line
Within less than a year, Benson Hill went from a crop genomics platform developer to a soybean processor to an ingredients manufacturer, showing that the company sees the advantage in owning the potential of its AI-enabled technology from start to finish.In September, Benson Hill announced it had agreed to acquire a soybean crushing facility from […]