Vegan expansion: General Mills leads US$40m investment in Kite Hill

23 Oct 2018 --- The US plant-based food market is receiving further support to meet the consumer demand for vegan products. Vegan cheese and yogurt company Kite Hill has secured US$40 million in funding led by 301 Inc, the new business development and venturing unit at General Mills. Cavu Venture Partners also participated in the financing round and the deal is expected to close within a month.

Olam to award US$75,000 grant for breakthrough food security research

23 Oct 2018 --- Olam, in partnership with Agropolis Foundation, is on the hunt for ground-breaking scientific research that can revolutionize the agricultural industry and win the US$75,000 grant offered under the Olam Prize for Innovation in Food Security.

Peruvian influences: Superfoods, heritage and export success inspire culinary creativity

23 Oct 2018 --- Increased consumer interest in superfoods from Latin America, and Peru, in particular, is driving innovation and creating waves in the food industry. Peru is becoming more influential in the global food market, as an exporter and scene of culinary inspiration. The Peruvian climate also allows for a broad range of foods to be grown, opening up many possibilities for NPD or exports of unique Peruvian ingredients and bringing them to markets outside of Latin America.

Better Juice reduces sugars and maintains flavor with new enzymatic technology

22 Oct 2018 --- Better Juice has developed innovative technology which converts sugars to fibers thereby reducing the load of simple sugars in orange juice. The patent-pending enzymatic technology uses all-natural ingredients to convert monosaccharides and disaccharides (fructose, glucose, and sucrose) into prebiotic and other non-digestible fibers and sugars while keeping the juicy flavor of the beverage.

Weekly Roundup: Arla Foods UK unveils new farming standards model, Nestlé launches food waste initiative

19 Oct 2018 --- This week, sustainability has been high on the agenda. Arla Foods UK unveiled a new farming standards model to bring sustainable change to dairy farming in the country. Nestlé has helped to form a new platform to combat food waste in Latin America and the Caribbean. In the same week, the global leader announced plans to reduce salt and saturated fat in its iconic Maggi products in the UK and Ireland. Omya announced significant price increases for calcium carbonate products globally and Hershey completed the acquisition of Pirate Brands.

Giants update on markets and portfolio transformations: Nestlé, Danone and Unilever deliver results

18 Oct 2018 --- Nestlé, Danone and Unilever all delivered their latest financials today with all three major companies reporting growth in fast-growing on-trend categories geared towards health and nutrition. The results come as large-scale multinationals explore ways to respond to a shift in consumer preferences toward fresh, healthy, organic and nutritious food and beverages by diversifying and expanding into growth categories.

Future high-protein peas: Roquette invests in Israeli seed breeding company

18 Oct 2018 --- Roquette and Equinom, an innovative Israeli-based breeding technology company, have signed a partnership agreement for the development and sourcing of new pea varieties with high-protein content. In addition to this new collaboration, Roquette and Equinom’s current shareholder Fortissimo Capital will jointly invest US$4 million in the company to support its further development.

Panera Bread challenges on transparency with whole grain commitment and digital platform

18 Oct 2018 --- Panera Bread has become the first national restaurant company to disclose the whole grain content of breads on its menu. On all breads over 50 percent whole grain, Panera now labels servings of whole grain per slice, roll or bagel, as well as the whole grain percentage, so guests know exactly what they are eating. The new labeling commitment also coincides with the launch of “Food Interrupted,” Panera’s first-ever digital platform aimed at providing increased transparency.

Niacet targets Asian growth with new office in Singapore

18 Oct 2018 --- Niacet Corporation, a leader in salts of acetic and propionic acid, serving the food, pharmaceutical, animal nutrition and technical market sectors, has opened a new office in Singapore, in line with significant growth happening in Asia. The company also said that Clarissa Neo had been hired to run the new operation.

Cutting rice greenhouse gas emissions: Olam calls for international cooperation

16 Oct 2018 --- Olam is calling for urgent action by the agri-sector including brands, retailers, financial institutions, scientists and governments to implement solutions to limit methane emissions from rice production while improving farmer livelihoods and food security. According to the company, it is essential to consider that many rice consumers are unable to pay more for rice production and the industry should react now.

Food loss challenge: Rabobank’s start-up shortlist to help reduce food loss in Asia

15 Oct 2018 --- Rabobank is tackling the issue of food loss throughout the supply chain by focusing on holistic solutions and is running a competition where start-ups pitch their ideas to reduce food loss to food and agri industry leaders and investors. Through the Food Loss Challenge Asia, Rabobank aims to look for solutions to curb food loss from farm to market and is asking start-ups “Do you have an existing tech-based solution that reduces food loss from farm to market in Asia?”

Greencore sells US operations to Hearthside in US$1bn plus deal

15 Oct 2018 --- Greencore Group plc has agreed to the sale of its entire US business, Greencore US, to an affiliate of Hearthside Food Solutions LLC for US$1,075 million on a cash and debt-free basis. Greencore says that following the deal, it expects to have a leading position in its core UK market, greater financial and strategic flexibility and potential for dynamic capital management. Hearthside believes the transaction marks a significant step in the further growth and development of its network.

Chr. Hansen acquires dairy ingredient supplier Hundsbichler, raises organic growth targets

15 Oct 2018 --- Chr. Hansen is further expanding its enzyme production and presence into the traditional segments of specialty cheeses, with the newly announced acquisition of the assets of Austrian-based ingredient supplier Österreichische Laberzeugung Hundsbichler GmbH. Hundsbichler products are widely recognized for high quality and the purchase will enable Chr. Hansen to offer cheesemakers a second-to-none product portfolio in the animal rennet space, according to the company. Separately, the company announced that it had achieved all the overall financial targets set at the beginning of the year and raised its ambitions 9-11 percent organic growth for next year.

Weekly Roundup: Eggs for sustainable protein, Symrise receives recognition for environmental commitment

12 Oct 2018 --- Today (October 12) marks World Egg Day 2018 and the American Egg Board is celebrating with a global campaign that focuses on eggs as a sustainable source of high-quality protein. Meanwhile, Symrise has achieved second place in the German CSR Awards 2018, for its commitment to sustainability. Flagship Food Group is adding up to 90 jobs as it expands its frozen food manufacturing in Albuquerque, New Mexico and ADM has announced the completion of their flour mill modernization in Enid, Oklahoma. The Fuji Oil Group has joined the Dutch Food Valley community to accelerate R&D and build global collaboration networks and finally, Campden BRI is calling for companies to join a research project to understand better what causes “checking” in biscuits and crackers.

Beefing up traceability: Ambrosus blockchain tracks Korea’s Nongshim beef sold at Mega Mart

11 Oct 2018 --- Ambrosus, the globally decentralized blockchain and IoT platform, has joined forces with NDS, a subsidiary of Korean food producer Nongshim, to track and trace premium quality beef sold by food retailer Mega Mart. Ambrosus is pioneering what it describes as a “revolutionary beef traceability model” in Mega Mark using the AMB-NET blockchain.

Nestlé Malaysia offloads chilled dairy business to Lactalis

11 Oct 2018 --- Nestlé (Malaysia) Berhad is investing more than RM100 million (US$24 million) to expand its MILO factory in Chembong, in line with its strategy of driving strong, profitable and sustainable growth and investing in Malaysia as a key manufacturing hub for the Nestlé Group. Subsequently, French dairy group, Lactalis will acquire and take over operations of the PJ factory as well as Nestlé’s market-leading Chilled Dairy business.

Part of the solution or the problem? Industry reacts to stark climate change warnings

10 Oct 2018 --- Climate change is a hot topic for the food industry with many key players setting ambitious goals to reduce greenhouse gas emissions, cut down on waste, use energy efficiently and streamline strategies to tackle what is a profound challenge with direct implications on food safety, supply chains and raw materials. The notion of how big business will contribute to the fight against climate change is one of the key issues being debated after a leading body of experts, the Intergovernmental Panel on Climate Change (IPCC), issued its starkest warning yet this week.

AkzoNobel Specialty Chemicals relaunches as Nouryon

10 Oct 2018 --- The former AkzoNobel Specialty Chemicals is being relaunched as Nouryon. The move follows the recent acquisition of the business by The Carlyle Group and marks the company’s transition to becoming an independent, global specialty chemicals leader.

Waste not: Tesco scraps more best before dates, consumers say it helps reduce food waste

09 Oct 2018 --- The UK’s largest retailer, Tesco, is set to remove over one hundred more best before dates from its fruit and vegetable products, as customers say it helps them reduce food waste. Newly commissioned research reveals that 69 percent of customers believe scrapping best before dates is a good idea. 53 percent of shoppers in the same survey said they believe that by scrapping best before dates makes a difference, helping them keep fresh food for longer.

IFF opens new flavors plant and lab in China, reinforces its commitment to sustainability

09 Oct 2018 --- International Flavors & Fragrances Inc. (IFF) is opening two new facilities in China – a flavors manufacturing facility in the Zhangjiagang Free Trade Zone from today (October 9), and a Natural Products Research lab, located in the Nanjing Life Science Park, on October 15.

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