Supply partnership: Univar and Cargill reach long-term agreement on ingredients

22 Feb 2018 --- Univar has entered into a strategic long-term agreement with Cargill's Food Ingredients & Bio Industrial business in the US and Canada. Customers will be able to enjoy the combined value of Cargill's respected product lines and Univar's extensive distribution network and access to food innovators.

Glanbia revenues boosted by performance nutrition, Dairy Ireland sale

21 Feb 2018 --- Global nutrition group, Glanbia, has reported that its revenue from continuing operations rose by over 9 percent for the year for the financial year ended 30 December 2017. Revenues for the year rose to €2.387 billion (US$2.944bn) from €2.231 billion (US$2.751bn) in 2016, while the company also reported adjusted earnings per share growth of 10.2 percent to 87.11 cents. That was in line with guidance of 7-10 percent growth and marked Glanbia's eighth year of double-digit earnings growth.

Arla results benefit from Ingredients performance, higher dairy prices leads to sales spike

21 Feb 2018 --- Despite another year in the volatile global dairy market characterized by significant shifts in market prices, Arla Foods showed a strong performance as higher milk prices lifted sales and led to a hike in payments to the cooperative’s farmer-owners

Veggie delight: NPD innovation for millennials

20 Feb 2018 --- With “Mindful Choices” tipped as Innova Market Insights top trend forecast for this year, the move is making its way onto the dinner plates of health-minded young millennials. As concerns around sustainability, animal welfare and campaigns such as Veganuary is building momentum and driving innovation in the meat-free space.

Asian dairy innovation: Strong potential for milk-based snacks, claims study

20 Feb 2018 --- Dairy manufacturers should align their new product development and marketing practices with the growing demand for dairy products during snack occasions within the Asia region, according to data and analytics company, GlobalData.

Kerry results: “Mindful” eating helps revenues top €6.4bn in 2017

20 Feb 2018 --- Kerry Group has reported higher earnings and revenues for 2017 with “mindful” eating driving growth. Revenue at the Irish food technology and ingredients company increased by 4.5 percent to €6.4 billion (US$7.9bn) and adjusted earnings per share rose by 5.5 percent to 341.2 cents. The company benefited from a 4.3 percent growth in its business volume.

Weekly Digest: Nestlé moves for sustainable energy, DuPont certification for POWERMill enzyme

16 Feb 2018 --- This week in business, there were several announcements made on the sustainability side, Nestlé’s ambition to procure 100 percent of its electricity from renewable sources is moving forward and Suiker Unie was awarded gold status by EcoVadis for the fourth consecutive year. Also this week, Mondelēz has made changes to its Board of Directors and President and CEO of GMA, Pamela Bailey, announced she would retire later this year following nearly ten years of leading the organization. DuPont received a patent certification on its POWERMill enzyme and was also recognized as first place in the most innovative food ingredient category at the Food Ingredients Innovation Awards 2017 in Brazil. Meanwhile, FrieslandCampina acquired all the remaining shares in Friesland Huishan Dairy (FHD).

Palm oil: IOI Loders Croklaan & Kerry back Small-Growers Support Program

15 Feb 2018 --- IOI Loders Croklaan has partnered with Kerry Group, Wild Asia and the Fortuna Palm Oil Mill in Sabah to implement a 3-year Small-Growers Support Program. The program supports the inclusion of smallholders into IOI’s supply chain and will boost small farmer’s (farm size between 0 to 500Ha) productivity by helping them implement sustainable agricultural practices.

Nestlé posts weaker than expected results amid challenging environment

15 Feb 2018 --- Nestlé has blamed a “challenging environment” on weaker than expected results in 2017. Net profit decreased by 15.8 percent to CHF7.2 billion (US$7.77bn) and earnings per share decreased by 15.8 percent to CHF2.32 (US$2.51) for the full year.

IFF Q4 results: Sweet and savory modulation portfolio sales increase by strong double-digits

15 Feb 2018 --- International Flavors & Fragrances Inc. (IFF) has released its financial results and strategic achievements for the fourth quarter and full year ended December 31, 2017. Highlights included: Sweetness and savory modulation portfolio sales increase by strong double-digits, Middle East & Africa improved mid-single-digits, with growth in both flavors and fragrances and the company's Tastepoint grew strong double-digits.

Valio to cut salt and sugar by 2020, backs UN sustainability program

14 Feb 2018 --- Valio has announced its nutrition agreement for improving the health and well-being of consumers. The ambitious targets for reducing salt and sugar content in Valio’s products by 2020 are part of the United Nations sustainability program and continued efforts to improve public health.

Danone to sell 14 percent stake in Yakult amid portfolio diversification

14 Feb 2018 --- French multinational food products corporation Danone plans to offload part of its 21.29 percent stake in Japan’s Yakult as part of its capital allocation strategy, at the same time as bolstering its collaboration in probiotics by signing a Memorandum of Understanding with the Japanese company.

Asian fusion: Mane launches new range of marinades

13 Feb 2018 --- Mane has launched a range of new marinades, which have been tailored to a wide variety of savory applications, meeting consumers’ needs for new taste discovery experiences, influenced by Asian flavors.

Welch’s calls 2018 the “Year of the Grape,” in line with trend forecasts

12 Feb 2018 --- Welch's Global Ingredients Group has welcomed the news that “mindful choices” is set to be 2018’s top food and beverage trend – and says it believes this could be the Year of the Concord Grape as a result of this forecast.

Sensient taps into organic coloring foods space

09 Feb 2018 --- The presence of organic products in the retail landscape in Europe has consistently been increasing over the past two decades. Hot on the heels of this, Sensient has launched a new range of organic coloring foods to their already broad portfolio of color solutions.

Not milking it: Comax study highlights consumer behavior towards non-dairy

09 Feb 2018 --- Comax Flavors has released new primary research on consumers’ behavior, usage and attitudes towards Non-Dairy products, which focused on non-dairy milk, non-dairy creamer, non-dairy yogurt and non-dairy frozen dessert.

UK: Arla Foods acquires Yeo Valley Dairies

08 Feb 2018 --- Arla Foods Limited will acquire Yeo Valley Dairies Limited, a subsidiary of the Yeo Valley Group Limited. The transaction will give the farmer-owned dairy cooperative the rights to use the Yeo Valley brand in milk, butter, spreads and cheese under an intellectual property license with Yeo Valley. Completion of the transaction will take place following merger approval by the UK Competition and Markets Authority.

Hydrosol launches trendy concepts for fruit-based beverages

08 Feb 2018 --- The market for beverages is continuously growing around the world. The main drivers in the category are fruit juices and fruit juice drinks, which are seeing disproportionate growth. Hydrosol has launched all-in compounds which let beverage manufacturers benefit from this growing demand. The company's Stabifruit systems contain all the important components for making refreshing fruity drinks and offer many advantages over concentrates.

Coca-Cola targets millennials with plant-based dairy-free smoothie launch

08 Feb 2018 --- Just a few months before the UK sugar tax begins, Coca-Cola European Partners is making a move into plant-based drinks, with a new range, designed and marketed to appeal to millennials.

Emmi inches up sales after strong recovery in second half of 2017

08 Feb 2018 --- Swiss milk processor and dairy products company Emmi improved group sales by 3.2 percent to CHF 3.36 billion (US$3.5 billion) in 2017, which is a slight rise in annual sales on an organic basis following a recovery in the second half of 2017.

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