Dive Insight:As Dennis Organ takes the leadership reins as CEO at carbonyl iron vs ferrous bisglycinateSmithfield, the company’ first moves in 2021 show a ramp up of its response to wider trends reshaping the food and protein market, including transparency and sustainability.Smithfield took some of its first steps here in 2016, with the introduction of […]
Consumer concerns about COVID-19 put focus on better-for-you products
Food as medicine: It’s not a new concept. A 2019 white paper from ingredients company Kerry Group found 65% of consumers seek functional benefits from their food and drink. The pandemic has amplififerrous gluconate namesed this attribute as a way for consumers to take control of protecting their health during a chaotic time.In the Evergi […]
Super Bowl LV snacking will favor variety and wellness
With half of viewers planning to watch the Super Bowl at home this year, according to the IRI survey, and 43% expecting to buy the same types of snacks and beverages they already have at home, eating behavior shaped during the pandemic will most likely transfer to game watch gatherings.A few snack and beverage categories in particular are […]
Pairwise raises $90M to develop new fruit and vegetable varieties using CRISPR
Pairwise may be a young startup, but the company has broad ambitions to improve fruits and vegetables already being sold today to make them more palatable for fussy or on-the-go consumers. The company has plenty of market to capture if it can follow through on its broad ambitions. According to tfersamal iron tabletshe Centers for […]
IFF and DuPont Nutrition & Biosciences have merged. What's next?
This week, science and creativity officially met.The $26.2 billion megamerger of International Flavors & Fragrances and DuPont Nutrition and Biosciences, officially completed on Feb. 1, solidifies IFF’s place as one of the biggest players in the ingredients space. And the revamped company’s brand identity, “Where science and creativity meet,” wraps up how IFF hopes to […]
How Nick's plans to redefine better-for-you ice cream
It’s only a month into 2021, but Nick’s Ice Cream has already had a banner year. In January, its Sweden-based parent company, LUB Foods, closed a $30 million funding round. Nick’s started selling a vegan ice cream made with ingredients from animal-free dairy protein company Perfect Day. And the brand hired a new CEO: Carlos Altschul, a […]
Puris partners with Livekindly to accelerate plant-based adoption
When Puris started selling its pea protein ingredients in 2014 for use in food and beverages, the company found its biggest obstacle wasn’t in the lab, but in overcoming the stigma surrounding other foods containing peas. Now, the company is finding it’s less about overcoming that negative perception of peas and other plant-based ingredients and more […]
IFF gives activist investor seat on board
UPDATE: March 8, 2021: International Flavors & Fragrances is offering Sachem Head Managing Partner Scott Ferguson a seat on its board later this year. The position being offered to Ferguson would expand the ingredient company’s board from 13 to 14 directors. “This agreement reflects our commitment to continued shareholder engagement and long-term value creation as well as to […]
DuPont partners with accelerator program opening office in Chicago
DuPont’s investment with Plug and Play to gain access to innovative technology in plant-based proteins, functional ingredients and consumer testing marks the latest growth move for the ingredients company. It is also finalizing a $26.2 billion merger with International Flavors & Fragrances that will create a global powerhouse in taste, texture, nutrition, enzymes, cultures, soy […]
FDA OKs 'potassium salt' for ingredient labels
In recent years, FDA and USDA — both of which handle parts of food regulation — have been working to modernize to better serve today’s consumers. From the Nutrition Facts revamp to updating egg product inspection to getting rid of standards of identity for frozen cherry pie and French dressing, several changes have taken more antiquated regulations […]