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July 15, 2020

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Food Business News

IFT20: The keto diet keeps on trending

FoodBusinessNews
by FoodBusinessNews020
KANSAS CITY — The ketogenic diet represents a significant yet challenging market opportunity for product developers, according to panelists presenting at ShIFT20, a virtual event produced by the Institute of Food Technologists, Chicago. Interest in the high-fat, low-carbohydrate lifestyle has surged as consumers seek personalized solutions for managing weight, improving......
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Food Business News

Campbell Soup reaches wheat sustainability goal

FoodBusinessNews
by FoodBusinessNews09
CAMDEN, NJ. — The Campbell Soup Co. has reached its goal to improve fertilizer use on 70,000 acres of wheat a year ahead of schedule. In doing so, the company said it is positioned to boost farmers’ profitability, improve surrounding water quality and reduce the impact on the climate. Campbell......
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Food Business News

Einstein Bros. Bagels testing Beyond Breakfast Sausage sandwich

FoodBusinessNews
by FoodBusinessNews00
LAKEWOOD, COLO. — Einstein Bros. Bagels has partnered with Beyond Meat to test its plant-based Beyond Breakfast Sausage on the menu of a select batch of Einstein Bros. restaurants for a limited time. Beginning July 16, three Einstein Bros. locations in the Denver area will offer the Beyond Sausage Spicy......
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Food Business News

Nestle launching non-dairy Starbucks creamers at retail

FoodBusinessNews
by FoodBusinessNews00
SEATTLE — One year after first entering the refrigerated creamer category, Starbucks Corp. and Nestle SA are adding non-dairy varieties to the brand’s retail portfolio. The innovation comes as part of the companies’ global coffee alliance. Made with a blend of almond milk and oat milk, Starbucks Non-Dairy Creamers are......
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Food Business News

Bumps in the road ahead for Mars

FoodBusinessNews
by FoodBusinessNews07
NEW YORK — While highly profitable, Mars, Inc. is likely to feel pressure from the coronavirus (COVID-19) in coming weeks and months, according to Moody’s Investors Service. On July 13, Moody’s issued an A1 rating for $2.5 billion of new senior unsecured notes issued by Mars in multiple tranches. Moody’s......
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Food Business News

Investors pour $200 million into Oatly

FoodBusinessNews
by FoodBusinessNews00
MALMO, SWEDEN – Blackstone Growth, a fund managed by the investment firm Blackstone, and other investors such as former Starbucks chief executive officer Howard Schultz and Oprah Winfrey, have invested $200 million in Oatly, the maker of oat-based products. The capital will be used to expand the company’s manufacturing capacity......
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Food Business News

New Lay’s chips feature flavors of five US restaurant dishes

FoodBusinessNews
by FoodBusinessNews06
PLANO, TEXAS — In a time where restaurant visits and travel are infrequent at best, PepsiCo, Inc.’s Frito-Lay North America business unit is allowing consumers to experience the flavors of five US restaurant dishes from the comfort of home. Lay’s is launching Flavor Icons, a new line of limited-batch potato......
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Food Business News

Danone debuts yogurt designed to boost children’s immunity

FoodBusinessNews
by FoodBusinessNews00
WHITE PLAINS, NY. — Danone North America is catering to consumers’ heightened interest in immunity with the launch of Super Danimals, a new low-fat yogurt that claims to support the immune system. Formulated with billions of live and active probiotics plus vitamins C and D, Super Danimals contains 80 calories......
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Food Business News

Pandemic hits millennials the hardest, Acosta finds

FoodBusinessNews
by FoodBusinessNews00
JACKSONVILLE, FLA. — Consumers are more cautious than optimistic about the future, according to Acosta’s latest round of COVID-19 grocery shopper research. The company conducted online surveys between June 12 and 17 and found 64% of shoppers are looking ahead with caution while 24% feel optimistic about the weeks and......
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Food Business News

Low-caloric rare sugars enter sugar reduction category

FoodBusinessNews
by FoodBusinessNews00
CHICAGO — The rare sugars allulose and tagatose need to work on two areas to gain further acceptance into reduced-sugar food and beverage applications: lowering costs and increasing consumer awareness. Speakers examined the traits of the two sweeteners in a virtual webinar held as part of SHIFT20, a virtual event......
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Food Business News

PepsiCo second quarter buffeted by COVID-19 headwinds

FoodBusinessNews
by FoodBusinessNews00
PURCHASE, NY. — Foodservice closures and a slowdown in consumer traffic to convenience stores and gas stations due to the coronavirus (COVID-19) pandemic hindered PepsiCo, Inc.’s second-quarter performance. The headwinds pressured the company’s North American beverage business, in particular, which saw organic sales fall 7% and organic volume fall 10%......
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Food Business News

Salt of the Earth debuts Mediterranean Umami Powder

FoodBusinessNews
by FoodBusinessNews00
ATLIT, ISRAEL — Salt of the Earth, Ltd. developed Mediterranean Umami Powder, a clean label sodium-reduction ingredient for snacks applications. The ingredient is based on the company’s Mediterranean Umami, which is microencapsulated onto a carrier of sea salt and native starch. It is designed as a 1:1 drop-in replacement for......
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Food Business News

IFT20: Research begins to match prebiotics with specific probiotics

FoodBusinessNews
by FoodBusinessNews017
KANSAS CITY — Many people in the food industry are aware that prebiotic fibers feed probiotics, or “good bacteria,” in the gut to aid in digestion and provide other health benefits. Research now is looking at how each specific prebiotic may match a specific probiotic strain or strains. Not a......
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Food Business News

Krause named chief development officer at Focus Brands

FoodBusinessNews
by FoodBusinessNews08
ATLANTA — Brian Krause has been named chief development officer at Focus Brands, parent company of Auntie Anne’s, Carvel, Cinnabon, Jamba, Moe’s Southwest Grill, McAlister’s Deli and Schlotzsky’s. He succeeds Tim Muir, who was named to the newly created role of chief sales officer. Mr. Krause joins the company from......
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Food Business News

Chipotle testing cauliflower rice

FoodBusinessNews
by FoodBusinessNews015
NEWPORT BEACH, CALIF. — Chipotle Mexican Grill, Inc. is piloting a new plant-based option for carb-cutting consumers. The restaurant chain’s new Cilantro-Lime Cauliflower Rice is made with grilled cauliflower seasoned with chopped cilantro, lime juice and salt. Containing four net carbs per serving, the offering is grain-free, keto, paleo, vegan,......
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CNBC Business

Chipotle will test cauliflower rice as consumers cut grains out of their diets

CNBC
by CNBC011
CNBC – For more and to sign up click here Chipotle Mexican Grill’s Cilantro-Lime Cauliflower Rice Source: Chipotle Mexican Grill Chipotle Mexican Grill will test cauliflower rice as more consumers cut grains out of their diet. Consumers will be able substitute cauliflower rice in place of white or brown rice at......
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Food Business News

IFT20: COVID-19 impacting consumer perceptions of health and wellness

FoodBusinessNews
by FoodBusinessNews08
KANSAS CITY — Consumer surveys conducted by InsightsNow, Inc. in October 2019 and April 2020 show how the coronavirus (COVID-19) pandemic is affecting consumer perceptions of health and wellness. The surveys, which were conducted in 10 global markets, including Brazil, Canada, China, France, Germany, India, Mexico, Turkey, the United States......
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CBS US News

Shortage of coins in circulation causes concerns for small businesses and consumers

CBS News
by CBS News09
CBS News – For more and to sign up click here There is a shortage of coins in circulation as many businesses are no longer accepting cash as payment. But some experts warn that the emerging trend can be harmful for smaller businesses and low-income consumers who rely on coin......
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