Industry News
Consumer Packaged Goods
Top stories summarized by our editors
6/18/2021

Danone North America has reformulated its Oikos Blended Greek Yogurt line to offer 50% more fruit and a creamier texture. A packaging redesign features images of fruit prominently, and the health-focused changes were made to revitalize the line's appeal to millennials, said Surbhi Martin, vice president of Greek yogurt and functional nutrition for Danone North America.

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FoodNavigator
6/18/2021

All Market Inc. -- the owner of beverage brands Vita Coco, Runa energy and Ever & Ever canned water -- is reportedly considering an initial public offering valued at more than $2 billion. Vita Coco is the top-selling US coconut water, a category that has experienced a resurgence in sales during the pandemic, according to Mike Kirban, All Market CEO.

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Vita Coco, Vita Coco
6/18/2021

Frank Yiannas, FDA deputy commissioner for food policy and response, explained during a recent webinar that better data and digital information systems are crucial to better food safety compliance oversight. "Let me be clear: This is not about doing less of things," Yiannas said, adding, "But it is about using the right data insights, identifying the right attributes of the establishments that you regulate."

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Food Dive
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Yiannas
6/18/2021

Mars has teamed with sustainability consultancy Guidehouse to create the Supplier Leadership on Climate Transition to engage more members of the consumer packaged goods global supply chain with climate-friendly action. McCormick & Co. and PepsiCo have also joined the coalition, which aims to "reward the right behaviors and shift things," said Kevin Rabinovitch, Mars' vice president of global sustainability.

6/18/2021

FONA International's "Sugar & The Voice of the Consumer" report finds half of US consumers want to lower their sugar intake -- an 8% increase over 2019 figures -- but 70% value taste above sugar content and 62% prioritize price. The study also finds replacing caloric drinks with water is how most consumers are trying to reduce their sugar consumption.

6/18/2021

Danone is selling plant-based nutrition and fitness brand Vega to private equity firm WM Partners as part of its ongoing portfolio review. The Vega lineup includes functional beverage powders and protein shakes.

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Vega
6/18/2021

Market conditions are improving for dairy production in Texas -- now the nation's fourth-ranked milk producer -- but expansion is being limited by a lack of processing plant capacity, said Jennifer Spencer, dairy specialist at Texas A&M's AgriLife Center at Stephenville. Texas dairy producers have been disrupted by the pandemic and the number of registered dairies has dropped from around 400 in 2019 to 351 today, but prices are rebounding and product demand remains high.

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Southeast Farm Press
6/17/2021

First-quarter year-over-year revenue for The Honest Co. grew 12% with skin care and personal care revenue increasing 42% and household and wellness revenue up 53%. This quarter marks the first since the company founded by actor and entrepreneur Jessica Alba went public.

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HAPPI online, Bloomberg
6/17/2021

Morinaga America's strawberry lemonade Hi-Chew flavor will be featured in Strawberry Squeeze doughnuts offered by New York City-based retailer The Doughnut Project. The limited-edition flavor was created in honor of National Candy Month.

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Candy & Snack Today
6/17/2021

Uncle Matt's Organic has released the Ultimate Shots set, marking the beverage brand's first foray into the functional shots category. The line is available online with a retail launch to follow and offers three fruit juice-based varieties: Defense, Immune and Energy.

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Uncle Matt