At last week’s BevNET Live in Santa Monica, California, flavor and extract companies predicted their taste trends of 2018. Here’s what they expect consumers to be craving most in the new year.
Ketogenic meal shake maker Bear Squeeze emerged victorious from a group of five innovative early stage beverage brands participating in the final round of the Showdown, which closed out the second day of BevNET Live Winter 2017 at the Loews Beach Hotel in Santa Monica, Calif.
Startup beverage brands Legacy Juice Works, Bear Squeeze, Zen Basil, KRā, Kabaki and Mixwell advanced to the finals of New Beverage Showdown 14 during day one of BevNET Live Winter 2017, moving one step closer to winning the grand prize of $10,000 in cash and prizes.
In the seventh iteration of Forbes’ annual 30 Under 30 List list, 14 CPG innovators and entrepreneurs were recognized for being young adults who made major contributions to food and drink innovation in 2018.
While regulations and bills surrounding immigration, foreign policy and healthcare have been top of mind when discussing Donald Trump’s first year as president, many administration initiatives are having major implications across the food industry -- and those ripples are being felt from the USDA all the way to convenience stores.
Ganeden president Michael Bush explained to NOSH why he decided to trust his gut with his decision to sell the leading probiotic company to Irish global nutrition and food conglomerate, Kerry.
The lawsuit is striking nerves because of its potential impact on organic products using anything from dairy to eggs — and also due to its eerily familiar pattern to the current administration’s other recent handling of food regulation.
Under the Obama administration, brands had until July 26, 2018, to adjust all packaging. With the new extension, manufacturers with $10 million or more in annual food sales will now have until Jan. 1, 2020; manufacturers with less than $10 million in annual food sales have until Jan. 1, 2021.
According to a report compiled by food and beverage packaging leader Tetra Pak, more than half of all in-store purchases today are influenced by digital channels, many of which are being accessed via smartphones. Because of this, many food and beverage brands are looking to social media and key influencers to reach consumers where they are: online.
One day after Whole Foods' shareholders voted to approve the nearly $14 billion acquisition by Amazon, the e-commerce giant unveiled strategic changes to be rolled out across the retailer's stores beginning next week.
Consumers are buying into new kinds of store programs and formats that better fit their needs– and it’s evolving the food industry as retailers know it, according to market research firm IRI’s Channel Performance Report released last month.
The e-commerce retailer increased net sales by 25 percent to $38 billion for the quarter, but earned less per share then Wall Street was expecting. Amazon SVP and CFO Brian Olsavsky said Q2 year-over-year earning differences were ”driven by investments” in the company’s own technologies like Echo, a ramp-up of its original video business and increased spending on hiring and marketing.
SJF Ventures led the round, while other investors included Interplay Ventures, Third Prime Capital, Dolik Ventures, and Robert Beckler, the former president of packaging at WestRock.
Plant-based, health startup Revere launched last week with plans of bringing personalization to athletes’ pre- and post-workout mixtures. Now, the direct-to-consumer drink mix company has announced it raised $2 million in a seed round led by Lerer Hippeau Ventures prior to the launch.