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June 11, 2021

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Virtual Expo West innovators target mind, body and planet

FoodBusinessNews
CHICAGO — Brands included in a natural products show must meet certain criteria. For Natural Products Expo West, which took place virtually May 24-27, there are several ingredients not allowed in products displayed or sampled. The list includes artificial colors, flavors, preservatives and sweeteners; high-fructose corn syrup; monosodium glutamate; trans......

‘Breadth and depth’ of pantry among ADM advantages

FoodBusinessNews
CHICAGO — As a company currently in year seven of its journey in nutrition, ADM is well positioned from an advantage perspective, said Vincent F. Macciocchi, chief sales and marketing officer and president of nutrition at ADM. “We’ve experienced a lot of things already in terms of putting pieces together,......

Nestle enters spat over fuel surcharges

FoodBusinessNews
KANSAS CITY — Nestle SA has joined a bevy of food manufacturers such as Campbell Soup Co. and Conagra Brands Inc. and numerous other companies claiming four Class 1 railroads conspired to set fuel surcharges to the detriment of shippers, according to a recent court filing. Nestle Purina Petcare Co.......

T. Hasegawa expands R&D with new division, leadership

FoodBusinessNews
CERRITOS, Calif. — T. Hasegawa USA is integrating its food and beverage flavors divisions into a single research and development unit following its acquisition of Mission Flavors & Fragrances late last year. The new business division combines food and beverage flavor development with applications expertise and will be led by......

Aryzta taps former Nestle exec as new CFO

FoodBusinessNews
SCHLIEREN, SWITZERLAND — Martin Huber has been named chief financial officer at Aryzta AG, effective Aug. 1. He will succeed Jonathan Solesbury, who has been interim CFO since November 2020. Mr. Huber has been with Nestle for 20 years, most recently as CFO of Nespresso. Earlier, he was senior vice......

Label claims, global flavors drive snacking trends

FoodBusinessNews
BOULDER, COLO. — Specialty and wellness products are leading growth throughout the snacking category, driven in part by the growing variety of options available for a range of diet tribes, from gluten-free and vegan to keto and paleo, according to data from SPINS and New Hope Network. “You could literally......

Four priorities drive success at J.M. Smucker

FoodBusinessNews
ORRVILLE, OHIO — The ability to drive commercial excellence, streamline cost infrastructure, reshape its portfolio and unleash its organization to win proved a winning formula for the J.M. Smucker Co. in fiscal 2021 as full-year earnings and sales surged 12% and 3%, respectively. Describing the company’s “four execution priorities” in......

Fuel prices creep higher

FoodBusinessNews
KANSAS CITY — Midwest on-highway diesel prices in the week ended May 23 averaged $3.199 per gallon, the Department of Energy’s Energy Information Agency reported. This was the highest price since the week ended Nov. 18, 2018. Midwest diesel prices were 43% above the August 2020 low and had risen......

Ardent Mills expands as chickpea supplier

FoodBusinessNews
DENVER — Ardent Mills LLC on June 2 announced the completion of its acquisition of Hinrichs Trading Co. (HTC), a chickpea sourcing, cleaning and packaging business. Based in Pullman, Wash., HTC operates across five locations in Washington and Montana. The company has long-term production contracts with chickpea growers across US production areas......

Aryzta eyes repositioning in Europe, Rest of World

FoodBusinessNews
SCHLIEREN, SWITZERLAND — Total revenues at Aryzta AG totaled €621.9 million ($760.7 million) in the third quarter ended May 1, down 3.5% from the same period a year ago. Results included €260.5 million ($318.6 million) in revenues from discontinued operations, which include the Aryzta North America business that was sold......

Slideshow: New products launched at Expo West

FoodBusinessNews
KANSAS CITY — Dozens of new products debuted at Natural Products Expo West Virtual Week, which ran May 24-27 and showcased thousands of products in the organic and natural foods segment. As the show opened, New Hope Network identified nine innovation trends it predicts will propel the industry forward. Organic......

Koffee Kup Bakery draws interest from Mrs. Dunster’s

FoodBusinessNews
BURLINGTON, VA. — Blair and Rosalyn Hyslop, a husband-and-wife team that own New Brunswick-based Mrs. Dunster’s Bakery, announced May 28 that they intend to buy Koffee Kup Bakery. Based in Burlington, Koffee Kup Bakery is a manufacturer of baked foods, including bread, donuts and English muffins, serving customers in the......

Consumers looking to reduce meat intake

FoodBusinessNews
NEW YORK — Ahead of the unofficial start of the 2021 grilling season, a new survey says a large percentage of Americans are seeking to reduce meat consumption. The survey, conducted for Bloomberg News by Morning Consult, said 35% of Americans are “making a conscious effort to eat less meat.”......

Post completes $300 million SPAC deal

FoodBusinessNews
ST. LOUIS — The initial public offering of Post Holdings Partner Corp. (PHPC) has closed with the sale of 30 million units at a price to the public of $10 per unit. The IPO pricing was announced by Post Holdings, Inc. as a special purpose acquisition company (SPAC). PHPC has......

The state of natural and organic

FoodBusinessNews
BOULDER, COLO. — The dramatic shift to eating more meals at home and surging consumer interest in healthier products is fueling strong growth in natural and organic foods. Food and beverage accounted for 39% of the wider natural products industry’s growth in 2020, with sales in the natural segment growing......

How AI is shaping food innovation

FoodBusinessNews
EVANSTON, ILL. — Technology experts from consulting firm ZS Associates highlighted the various ways artificial intelligence is coming to life in food innovation and product development during a session at The Natural Products Expo West Virtual Week. The session highlighted the emerging field of prescriptive analytics. Unlike predictive analytics, which......

Whole Foods names five plant-based trend predictions

FoodBusinessNews
AUSTIN, TEXAS — Creamy cashew dips and seafood substitutes top the list of plant-based trend predictions compiled by Whole Foods Market. The grocery retailer tapped the industry knowledge and sourcing expertise of its members to identify the brands and products to watch this summer and beyond, citing recent data from......

Slideshow: Del Monte innovation takes ‘big bets’ on pandemic trends

FoodBusinessNews
SAN FRANCISCO — Del Monte Foods, Inc. has unveiled a collection of innovation to capitalize on the trends the company has seen accelerate over the last year. Del Monte is “taking big bets” on connecting with younger generations, plant-based frozen, purposeful snacking and empowering home cooks, said Mario DiFalco, vice......

Exploring trends and innovation in dairy and dairy alternatives

FoodBusinessNews
CHICAGO — The dairy alternative space is one of the fastest-growing plant-based categories, with non-dairy milk driving the market. This was communicated during the “Discover Dairy & Dairy Alternatives: Trends & Innovative Products” session at Natural Products Expo West Virtual Week on May 24. Cheese alternatives are predicted to be......

Organic food sales hit record high in 2020

FoodBusinessNews
WASHINGTON — Organic food sales in the United States increased by a record 12.8% in 2020 to a new high of $56.4 billion, according to the Organic Trade Association. Almost 6% of the food sold in the United States last year was certified organic, reflecting strong, pandemic-driven demand across nearly......

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