Dive Brief: IFF is selling its food ingredients business to CVC Capital Partners for $4.3 billion, as part of its strategy to streamline operations and boost profitability. IFF will retain a 10% stake in the unit to facilitate collaboration with…
food
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The FDA to Reassess Safety of Food Chemicals BHT and ADA The FDA has announced plans to reassess the safety of food chemicals butylated hydroxytoluene (BHT) and azodicarbonamide (ADA) in response to concerns about their impact on public health. This…
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Key Takeaways: Independent grocers contribute over $353 billion to the $920 billion U.S. food retail sector, making up more than 38% of total sales. For every $1 in independent grocery sales, an additional 58 cents is generated in supply chain…
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Dive Brief: The FDA has appointed Donald Prater as the acting deputy commissioner of the department’s Human Foods Program, which oversees 80% of the U.S. food supply. Prater, a seasoned FDA policy expert with over 26 years of experience, previously…
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Leaders in the food industry face challenges driven by cost pressures, regulatory uncertainties, and rapid innovation cycles. With ingredient volatility, reformulation demands, health expectations, and sustainability goals all converging, the margin for error is slim and the stakes are high.…
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Exciting Partnership to Create Natural Food Dye Alternative Dive Brief: Ingredient supplier Oterra has entered a multi-million dollar partnership with biotech firm Debut to scale an alternative to Red 40 food dye in the U.S., one of the most widely…
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Consumers are showing an insatiable appetite for protein, but a potential shortage may hamper companies’ ability to meet demand. Once viewed as a mere byproduct of cheese production, whey protein concentrate has emerged as a highly sought-after ingredient as food…
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Food News
New York poised to become first state to close food ingredient ‘loophole’ criticized by RFK Jr
Summary: New York is on track to become the first state to mandate that food companies disclose safety data on new ingredients, a move backed by Health and Human Services Secretary Robert F. Kennedy Jr. State legislators have passed a…
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Important Update on Lawsuits Against Packaged Food Giants Recently, major packaged food companies such as Kraft Heinz and PepsiCo have found themselves embroiled in a consumer lawsuit alleging that their products are intentionally designed to be addictive. The lawsuit, filed…
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Laird Superfood Expands with Acquisition of Terrasoul Superfoods Overview: Laird Superfood is investing $48 million to acquire Terrasoul Superfoods, known for their nuts, powders, baking ingredients, and functional beverage mix-ins. The funding for this acquisition comes from Nexus Capital Management,…