fooddive.comFood Dive: Food Industry News and Analysis

CONTINUE TO SITE ➞ Don't miss tomorrow's food industry news Let Food Dive's free newsletter keep you informed, straight from your inbox. Daily Dive M-F view sample Topics covered: Manufacturing, packaging, operations, technology, meat/protein, beverages, sustainability Ingredients Weekly Every Thursday view sample Topics covered: RD, flavor trends, healthnutrition, scientific discoveries, new ingredients By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy . You can unsubscribe at anytime. Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search FinancesDeals Food Tech Manufacturing Ingredients Corporate Ops Packaging Policy Protein Beverages Sustainability Courtesy of Beyond Meat Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results The plant-based pioneer had its eighth straight quarter of revenue declines, but Ethan Brown is confident sales will pick up in the second half of the year. Read more ➔ Top stories Column Leftovers: Graza olive oil cracks a cold one | Kraft Heinz grills up Stuffed Dogs BG Foods exploring sale of Green Giant frozen, canned vegetable businesses Column The Weekly Sip: Canned cocktails boost AB InBev | Powerade puckers up with sour flavor 4 startups taking the cocoa out of chocolate Column Ingredients in Focus: Sweegen launches flavor tool to compete with sugar The Latest Spencer Platt via Getty Images Snickers owner Mars commits $47M to slash dairy emissions The CPG giant is testing seaweed feed supplements and plans to open three "net zero" farms as it looks to halve its carbon footprint by 2030. Corporate Operations Hitra via Getty Images The Ozempic effect is real: Study zeroes in on GLP-1 users’ food needs Food startups have an opportunity to jump on the snacking needs of this new demographic with products focused on protein, portion size and hydration. Manufacturing Courtesy of Meati Foods Meati bucks trend and gets $100M funding boost While the alternative meat sector has been struggling to raise funds, the company is on its way to its goal of becoming a household name. Finances and Deals Courtesy of Jennifer Chong for CAULIPOWER Prioritizing growth, Caulipower names former PepsiCo exec as CEO Tyler Ricks’ 30 years of experience in food and beverage includes work with brands eventually acquired by large CPG firms, such as Plum, Bear Naked and Yasso. Corporate Operations Permission granted by Del Monte Foods Del Monte Foods boosts production, distribution of fast-growing bubble tea brand Joyba's success comes amid broader momentum in the global bubble tea market, with sales projected to nearly triple to $6.2 billion by 2032. Manufacturing Christopher Doering/Food Dive Deep Dive Surging air fryer popularity leads Nestlé, other CPG giants to rethink food Once a novelty, the gadget’s presence in nearly two-thirds of U.S. homes has forced manufacturers to play catch-up and flood the market with compatible products. Food Tech Courtesy of Impossible Foods Impossible Foods CEO on the importance of first impressions With headlines circulating around the declining sales in the plant-based category, Peter McGuinness believes it’s ill-defined.” Finances and Deals Retrieved from Nestle . Nestlé deepens cold coffee presence with Nescafé concentrate The liquid allows the CPG giant to further tap into the cold segment, which was responsible for a third of all cups consumed in 2023 and is especially popular among younger individuals. Manufacturing Drew Angerer via Getty Images Tyson Foods posts mixed earnings as chicken shows momentum Executives issued a cautious outlook for the rest of the fiscal year due to higher commodity costs and demand uncertainty. Finances and Deals Courtesy of Kellanova Kellanova’s ‘stronger commercial plans are taking hold’ after raising prices, CEO says The Pringles and Cheez-It maker outperformed Wall Street expectations but faced headwinds from a decline in volumes in its most recent quarter. Finances and Deals Courtesy of Bolthouse Farms Butterfly splits Bolthouse Farms into two companies Generous Brands, the new juice and protein drinks business, will be helmed by Kraft Heinz veteran Steve Cornell. Timothy Escamilla, former president of Dole Fresh Vegetables, was appointed CEO of Bolthouse Fresh Foods. Corporate Operations Christopher Doering/Food Dive Just Ice parent shifting scarce resources to fast-growing tea, pulling back on snacks Eat the Change started selling environmentally friendly, nutrient-dense treats before moving into beverages in 2022 after Coca-Cola discontinued its organic Honest tea brand. Finances and Deals Christopher Doering/Food Dive Kraft Heinz sells TGI Fridays frozen appetizers for perpetuity under revised deal The restaurant brand is an important part” of the packaged food company’s portfolio and a growth driver” for its North American business, a top executive said. Finances and Deals Courtesy of Mondelez International Mondelēz brings $1B Chips Ahoy! brand into gluten-free category The snacking giant also sells Oreos that avoid the wheat protein as the company appeals to the 25% of Americans who adhere to the diet. Manufacturing Courtesy of Fresh Del Monte Column Leftovers: Fresh Del Monte pineapples turn red | Little Bites get a little less sweet The unique fruit resulted from crossbreeding different varieties in Costa Rica, and General Mills purchases regeneratively grown almonds for its latest snack bar. Manufacturing Courtesy of Poppi Healthy soda brand Poppi denies being MA target of large beverage companies The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings. Finances and Deals Scott Olson via Getty Images QA ‘We’re basically flying blind’: An epidemiologist’s take on the US response to bird flu Katelyn Jetelina, a public health expert and CDC advisor, explains why an outbreak in dairy cows is likely bigger than previously thought and what farm workers should be doing to protect themselves. Ingredients Permission granted by Jones Soda How reclassifying marijuana could benefit beverages The U.S. Drug Enforcement Administration is set to reclassify the drug as Schedule III, which experts say could help companies in the space increase their cash flow and innovation because of looser taxation. Manufacturing Juanmonino via Getty Images Consumers seeking better-for-you options to drive the food ingredients market: report More food companies are investing in developing innovative solutions through technology to manufacture next-generation alternative proteins” and other ingredients. Food Tech Permission granted by Ingredion Column Ingredients in Focus: Ingredion’s PureCircle launches a ‘first of its kind’ drop-in stevia sweetener The solution is considered a natural origin sweetener that mimics sugar without additives and can be used in beverages, syrups and sauces, according to the company. Food Tech Courtesy of Dogfish Head Craft Brewery Column The Weekly Sip: Dogfish Head splashes into summer with margarita | Suntory rebrands with RTD spirits push The brewer’s latest tequila cocktail offering contains 12% alcohol by volume, and Health-Ade’s SunSip prebiotic soda refreshes its lineup with a Lemon Lime flavor. Corporate Operations Courtesy of 818 Spirits Trendy tequila cocktails bolster Kendall Jenner’s fast-growing 818 The brand founded by the Kardashian family member saw 65% growth in January and attributes its success to the growing popularity for real spirits. Beverages Courtesy of Walmart Walmart adds new grocery line to private brands portfolio The retailer said its new bettergoods line includes 300 items and marks its largest private brand food launch in 20 years. Manufacturing Permission granted by Unreal Foods How Unreal Snacks plans to be a relevant better-for-you brand for the long haul Kevin McCarthy became CEO in 2016 and since then...