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As more local governments mandate “hazard pay” increases for some grocery store employees, more retailers are shuttering “underperforming” stores that can no longer financially sustain increased costs associated with operating during the pandemic. ....
‘Impact will come with scale…’ Ingredion, PURIS, ramp up plant protein capacity Ingredion president and CEO Jim Zallie: We’re celebrating a pivotal moment in our company’s history. (picture: screengrab from Ingredion s March 3 virtual event) Market projections for meat and dairy alternatives vary wildly, with Impossible Foods’ CEO predicting animal agriculture could hit a ‘death spiral’ by 2035, while Wells Fargo reckons plant-based meat will account for a rather more modest 4% of the US meat market by 2029. However, everyone agrees plant-based protein capacity needs to expand significantly to meet demand, says Ingredion, which has just opened a state-of-the-art facility in South Sioux City Nebraska producing pea protein isolates and starch; while PURIS - a key supplier of pea protein to Beyond Meat, with backing from Cargill – is gearing up to open a new facility in Dawson, MN this year, after significantly expanding pr ....
Subscribe Investing in the Future of Food: VMG Partners raises $850m to invest in CPGs with potential to be iconic By Elizabeth Crawford Known for its strong track record of helping emerging brands, like KIND, Bare Snacks and Spindrift, become household names, private equity firm VMG Partners is on the lookout once again for new investment opportunities after securing $850m for its Growth Fund V. As in the past, VMG’s Growth Fund is seeking “a small handful” of early- and later-stage consumer brands in the food & beverage, wellness, beauty & personal care and pet sectors that support consumers on their incremental health journey and which hold the potential to become iconic brands. ....
He added: The challenge with some other prebiotic fibers such as inulin [chicory root fiber] is that you need 5g to get a prebiotic effect, but if you take 7g you may get a stomachache [although suppliers have so there’s a narrow therapeutic window, whereas we have a really wide one.” On a more practical level, Arrabina’s low viscosity means it will not gel or impact texture when added as a supplement to protein powders or as a fiber boost for nutrition bars, baked goods, and drinks, he said. What are prebiotics? The definition of prebiotic agreed by the International Scientific Association for Probiotics and Prebiotics (ISAPP) in 2017 is: “ ....