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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 production at its Turtle Lake, WI plant.
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.
Princeton Couple Saves Young Woman While On Weekend Road Trip Life sometimes puts us in situations where we must decide whether or not we are willing to help others. I'm not talking about which non-profit organization you will choose to volunteer your time with or which charity you choose to support financially. I'm talking about those moments that happen when you must make a split-second decision about whether or not you want to get involved and help someone in need. In those moments, we are faced with the decision to ignore or help. I believe some of us are born with a need to help others. I have also met people who are very kind, but would turn away from a situation they feel is none of their business.
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: “
RightRice Risotto takes rice from side dish to convenient, plant-based meal solution RightRice has launched its newest innovation in the rice category, RightRice Risotto, a veggie-based product line that is dairy-free using just water while achieving the same level of creaminess the well-known rice dish is known for (in under 15 minutes), says the company. Keith Belling, founder of RightRice, says the high-level goal for the brand has always been to reimagine the rice aisle and bring to market nutritious plant-based main meal solutions that deliver on taste and convenience for consumers. “As we’ve come to really understand the versatility of our product and consumer needs, we’ve seen the opportunity to look beyond rice as a favorite side dish and move towards this plant-based meal solution notion,” Belling told FoodNavigator-USA.
Travel season is almost upon us. I can almost smell Spring Break and summer vacation. With social distancing guidelines and COVID-19 related safety measures easing up a bit this year, it seems like the perfect time to plan a visit to our favorite tourist destinations. I don't know about you, but I'm itching to get my toes in the sand. Financially, it's been a rough year for all of us. Vacations we had planned for 2020, had to be cancelled or rescheduled. In 2021, we are all hoping to pick up where we left off. If you had planned a trip to the beautiful beaches of Florida or even as far as an island vacation in the Caribbean, you might be able to enjoy the same kind of fun for much cheaper and close to home this year.
Smoothie Bowls bring ‘optionality’ to KIND’s breakfast line up for ‘flexible workforce of the future’ With today’s launch of a line of ready-to-eat frozen Smoothie Bowls, KIND Healthy Snacks promises to shake-up the fast-growing $3.7b frozen breakfast category while also diversifying its portfolio beyond the on-the-go bars with which it made its name to better serve consumers who increasingly are eating at home. Featuring a frozen blend of fruit and almond milk topped with creamy nut butter and crunchy granola, the new bowls are designed to “elevate people’s overall experience while adhering to our KIND Promise to craft snacks with a nutritionally-dense first ingredient,” Mike Barkley, CEO of KIND North America, told FoodNavigator-USA in an email.