Diageo has confirmed that it will buy Casamigos, a tequila brand cofounded by George Clooney, in a deal that values the brand at $1bn and is expected to close in the second half of 2017. Clooney, Rande Gerber, and Mike Meldman created the ultra premium tequila brand in 2013, and the brand has registered a […]
Roquette will invest €40 million to increase the capacity of its Northern France pea processing site in VicsurAisne in a bid to meet growing global demand for plantbased protein. This is the second major investment the company has made this year, after announcing in January plans to build a €300m factory site in Manitoba, Canada. […]
Saturated fat does not clog up arteries nor increase the chance of a heart attack, according to a team of doctors whose views have triggered a wave of criticism. In an editorial, published in the British Journal of Sports Medicine, the researchers described current thinking on the effect dietary saturated fat has on health as […]
Drips are the bane of every wine drinker’s existence. He or she uncorks a bottle of wine, tips it toward the glass, and a drop, or even a stream, runs down the side of the bottle. Sure, you could do what sommeliers in restaurants do, wrapping a napkin around the neck of the bottle to […]
As per a report published by Transparency Market Research, the global functional food ingredients market is in a state of consolidation, especially by larger and prominent players with local entities in terms of mergers, acquisitions, and aggressive marketing strategies. In terms of revenue, the global functional food ingredients market is expected to reach 20.35 bn […]
Researchers from the University of Surrey have developed a new comprehensive categorisation of food scares, a new study in the British Food Journal reports. The food sector is now a world market with products sourced from all over the globe to meet the growing demand of consumers for diverse food stuffs regardless of seasonality. Fulfilling […]
With counterfeiting predicted to increase three percent per year worldwide, PACK EXPO East is uniquely positioned to present solutions for brand owner. Globalization is creating an increasingly complex, continuously growing supply chain. With more suppliers and more products coming from different countries, it is critical to identify, capture and share accurate product information. In this […]
Mintel, Packaged Facts and the Beverage Marketing Corp. agree. Bottled water sales are gushing and grabbing market share from carbonated soft drinks. Chicago-based Mintel in February of this year reported sales of bottled water in the United States increased 6% to surpass $15 billion in 2015. Mintel projected sales growth of 35% for the category […]
Deals made for beverage brands perceived as healthier as consumers turn away from traditional sodas. Two of the big U.S. soda makers are scooping up fast-growing upstarts that market healthier beverages, as the industry struggles with falling demand for diet sodas as well as new taxes on sugary drinks. Dr Pepper Snapple Group Inc. said […]
Vegan foods, nighttime teas and tradition shape the list. The coming year will be a year of extremes, from “ancient” products including grains, recipes, practices and traditions to the use of technology to create more and better tasting plant-enhanced foods. That’s according to Mintel, which has announced the six key trends set to impact the […]
Frutarom Industries Ltd. (“Frutarom”), one of the world’s 10 largest companies in the field of flavors and natural specialty fine ingredients, continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy: The Company announced today the signing of an agreement for the purchase of 75% of the shares of the […]
Future Market Insights (FMI),with sharp focus on emerging regions, delivers key insights into the global food encapsulation market in its recent report titled, “Food Encapsulation Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020”. According to the report, the global food encapsulation market is projected to witness a single-digit CAGR of 9.4% during the […]
Dairy processors and soft drinks manufacturers can exploit the huge potential offered by high-protein RTD beverages with Nutrilac WheyHi, an innovative new ingredient solution from Arla Foods Ingredients. Sales of RTD beverages are exhibiting strong growth, with worldwide sales set to grow by 28 per cent between 2016 and 2020. This trend reflects increased demand […]
