Here are the latest updates in the food & beverage industry:
🚀 Industry Moves & Acquisitions
GoodSAM raises $9M for regenerative agriculture-focused food products 🌱.
Bloom Nutrition enters the soda market with Bloom Pop, launching at Walmart 🥤.
TRUFF partners with Starbucks, introducing hot sauce packets for breakfast items 🌶️☕.
General Mills shuts down G-Works, ending its corporate venture arm to focus on acquisitions.
📈 Market Trends & Consumer Shifts
Value-driven shopping: Consumers prioritize affordability, increasing private-label and bulk purchases.
Functional beverages surge: Enhanced waters, probiotics, and adaptogenic drinks see continued growth.
Sustainable sourcing: Transparency in ingredient sourcing is a key factor for food brands.
🔥 New Product Launches & Expansions
Ithaca Hummus x Graza collaboration: Olive Oil & Sea Salt Hummus is hitting shelves 🥑.
Crystal Light enters RTD cocktails with Vodka Refreshers, capitalizing on the at-home cocktail trend 🍹.
YUMI launches soft-baked breakfast bars with 0g added sugar, catering to health-conscious families.
🏆 Retail & Distribution Expansions
Nightingale Ice Cream Sandwiches land at Costco 🍦.
Uncle Nearest Whiskey expands leadership, aiming for global spirits dominance 🥃.
Recover 180 hydration drinks launch in 2,000+ Kroger stores 🚚.