31 October 2023
31 October 2023
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The once-moribund US pasta category is now a hive of innovation, writes Victor Martino.
The aim to add New York to JBS’s Brazil listing will raise the bar for meat investment.
Smithfield Foods has taken a 50.1% stake in the cold cuts producer.
The world’s largest bakery group disclosed the deal while publishing its third-quarter results.
The founders of Tessemae’s condiments created Homegrown Brands, which has integrated with US-based sauces maker SVB Foods.
A total of 48 employees will be affected by the closure of the Lenzburg factory, which was opened in 2011.
The US business will also introduce mango operations to the Dartford site.
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GlobalData estimates that the global dairy & soy food sector will grow at a CAGR of 17% during 2022–27. The healthy eating trend has encouraged consumers to seek alternatives to traditional dairy products. Plant-based dairy alternatives are often perceived as healthier due to their lower saturated fat content. Moreover, increasing awareness about food allergies and intolerances, coupled with consumers’ interest in alternative diets, will drive manufacturers to launch lactose- and gluten-free products.
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