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Daily Insights and Food Industry News
AMERICAS GROCERY

POD FOODS RAISES $13M IN NEW FUNDING TO CONTINUE ‘REINVENTING’ GROCERY SUPPLY CHAIN

16 Dec 2021  Read: 4 min.
Pod Foods, a Texas-based full-service wholesale marketplace connecting retailers to brands has announced that it has raised a total of $13 million (€11.53m) in funding to help grow its platform.
AMERICAS FOOD PROCESSING GROCERY

KRAFT HEINZ TO MERGE US AND CANADA – 80% OF GLOBAL SALES – INTO ONE POWERFUL UNIT

16 Dec 2021  Read: 2 min.
Kraft Heinz is merging its US and Canada businesses into a single North America unit by the company’s second fiscal quarter of 2022 (ending June).
BEVERAGES

WHY NON-ALCOHOLIC BEVERAGES ARE SEEING A BOOM

15 Dec 2021  Read: 3 min.
Non-alcoholic and low alcohol beverages have emerged as a key trend in the world of hospitality.
AMERICAS EUROPE FROZEN PRODUCTS

STRONG ROOTS SELLS A STAKE TO MCCAIN FOR $55M

15 Dec 2021  Read: 2 min.
McCain, the frozen food giant, has acquired a minority stake in the Irish plant-based frozen foods producer, Strong Roots in a deal worth $55 million (€48.77 million). The deal should help Strong Roots to expand and, although it does not involve the handing over of control of the company, will allow access to McCain’s research…
ASIA GROCERY NEWS

INVESTCORP BACKS CHINA’S INSTANT FOOD BRAND MO XIAOXIAN IN 4TH REGIONAL FORAY

14 Dec 2021  Read: 2 min.
As part of a growth strategy targeting food-related companies in Asia, Investcorp has completed an investment in Mo Xiaoxian, an instant food brand in China.
GROCERY NEWS TRADE TALK

SYSCO ACQUIRES THE COASTAL COMPANIES AND LAUNCHES NEW APPS

14 Dec 2021  Read: 3 min.
Leading US food service business Sysco has announced that it has entered into an agreement to acquire The Coastal Companies, a leading fresh produce distributor and value-added processor, from Continental Grain Company.
AMERICAS BEVERAGES NEWS ORGANIC & WELLNESS

HOLIDAY HOPES FROM US ALCOHOL RETAILERS: 73% EXPECT TO MEET OR EXCEED 2020 SALES

13 Dec 2021  Read: 3 min.
With Covid-19 in full swing last Christmas, online sales boomed to finish a strong year for e-commerce across the board. In the alcohol sector, North American retailers are expecting another strong holiday season
EUROPE FOOD PROCESSING

ENGINZYME SIGNS DEAL TO DEVELOP AMBITIOUS HIGH-TECH WAYS TO PRODUCE FOOD

13 Dec 2021  Read: 2 min.
EnginZyme, a Stockholm-based company that uses cell-free biomanufacturing to produce food, drinks and chemicals, has announced that it has signed an agreement with “a global processing company” in a bid to "improve food and beverage production".
GROCERY MIDDLE EAST AFRICA

FOOD LABEL CHANGES IN SOUTH AFRICA NEED CAREFUL THOUGHT, RESEARCH INDICATES

10 Dec 2021  Read: 2 min.
A researcher has indicated that changes to food labelling in South Africa need to be made carefully to ensure that consumers understand and respond appropriately to the information they are presented with.
AMERICAS GROCERY

JOKR RAISES $260M IN ONLINE GROCERY SHOPPING’S LATEST BIG CASH INJECTION

10 Dec 2021  Read: 3 min.
In a further indication of the enthusiasm of investors for online grocery sales, Jokr, a delivery start-up, has raised $260 million (€229.17 million) in its latest funding round.
ASIA SIAL NEWS TRADE TALK

SIAL INDIA EXHIBITION TO INSPIRE 10,000 VISITORS

09 Dec 2021  Read: 2 min.
SIAL India will welcome more than 10,000 visitors at the India Food Innovation Exhibition today.
ORGANIC & WELLNESS

NEW FMI DATA REVEALS GLOBAL SALES OF ORGANIC SPREADS TO TOP $27.1BN IN 2021

09 Dec 2021  Read: 3 min.
A recent analysis by Future Market Insights (FMI), has found that the global organic spreads market size is expected to top $ 27.1 billion (€24.01bn) in 2021, driven by a growing preference for natural and organic spreads.

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