Food News

Tilray’s Focus on Beverages Leads to Growth Tilray’s interest in beverages is driving growth for the company, with a 26% net revenue increase in the last year. According to Tilray’s earnings report, cannabis revenue saw a 24% increase, and net…

A New Coffee Brand Introduces Innovative Shelf-Stable Format A recently launched coffee startup, Diamond Brew, is aiming to differentiate itself in the competitive coffee market with its unique shelf-stable coffee crystals that dissolve in hot or cold water without any…

Key Trends in the Food Industry The food ingredients industry is facing challenges due to rising food prices and increased demand for better-for-you products. Cargill, a leading consumer goods company, recently released its TrendTracker report, highlighting key findings in the…

Diageo earnings fall as consumers cut back on spirits The maker of Guinness is struggling to manage a cooler purchasing environment as higher-end alcohol falls to the backburner for many consumers. In its financial results released this week, Diageo reported…

Snack company Mondelēz International is introducing new “value” options to its product range as consumer perception of value shifts due to rising prices. During an earnings call, Mondelēz CEO Dirk Van de Put explained that value now encompasses overall affordability…

Leftovers is our look at a few of the product ideas popping up everywhere. Some are intriguing, some sound amazing and some are the kinds of ideas we would never dream of. We can’t write about everything that we get…

Key Points: Kellanova reported a 4% increase in organic net sales year-over-year in its latest quarter, with a 5% decrease in net sales attributed to currency issues and the divestiture of its Russian business. CEO Steve Cahillane highlighted Pringles as…

Commodities such as coffee, cocoa, and olive oil have been experiencing well-publicized supply chain challenges in recent times. Some companies have resorted to utilizing technology to replace traditional ingredients in their products. For instance, Voyage Foods is now producing cocoa-free…

Ingredients in Focus is Food Dive’s bite-size column highlighting interesting developments in the ingredients sector. Cocoa has faced numerous challenges — from adverse weather conditions to allegations of labor violations — resulting in farmers and producers grappling with complex supply…

Bakery Giants Flowers Foods and Bimbo Bakeries USA Announce Plant Closures Flowers Foods and Bimbo Bakeries USA have announced the closure of several plants as part of their efforts to increase efficiencies and cut costs. Flowers Foods will be closing…