Credit Suisse lowers Kellogg outlook to ‘neutral’ Credit Suisse in a Nov. 23 research note downgraded Battle Creek, Mich.-based Kellogg Co. to “neutral” from “outperform,” while also lowering the company’s 2021 earnings-per-share estimate to $3.95 from $4.10. In issuing its revised outlook, Credit Suisse research analyst Robert Moskow said the credit agency now expects management … Read more
Forager Project introduces plant-based cheeses Cheeseworks is a new range of organic plant-based cheeses by Forager Project. Forager Project claimed that the dairy-free cheeses have the same melting and stretching properties as dairy cheese since they were made with the company’s probiotic cashewmilk yoghurt as the foundation. Organic mozzarella, organic Parmesan, organic queso fresco, and … Read more
Virtual kitchens, brands trending as off-premises dining surges When DoorDash, a meal delivery business, opened its first ghost kitchen in Redwood City, California, in late 2019, it created quite a stir. After almost two years and one pandemic, the restaurant sector is investing more in off-premises concepts, which will put pressure on and provide new … Read more
Chipotle introduces a new accelerator centered on farmers. The company behind Chipotle Mexican Grill, Inc. is introducing the second version of its accelerator program, Chipotle Aluminaries Project 2.0, which is geared toward farmers. The program’s goal is to assist businesses that address issues that young farmers confront, such as labor, financing, and land availability. AgTech, … Read more
Angel Planet Foods is recognized as “most innovative.” The accounting and service advisory firm Marcum LLP recognized Morristown, New Jersey-based Angel Planet Foods LLC the “Most Innovative Emerging Company of the Year.” Plant-based meals made by Angel Planet Foods are available for purchase online and in neighborhood farmers’ markets, as well as through home delivery … Read more
Aura Bora creates a stir in the market for sparkling water The market for sparkling water has grown rapidly in recent years as customers look for healthier substitutes for conventional soft beverages. However, Paul Voge and his spouse Madeleine observed a void in the market for high-end products with sophisticated flavor profiles approximately two years … Read more
Slideshow: Fall flavours thrive in recently released products Kansas City Among the many new goods with fall-inspired flavours are cookies, baking mixes, and ice cream. The most popular limited-edition flavours are pumpkin spice, although there are also increasing amounts of apple and maple available. Hostess Brands, LLC, of Kansas City, is introducing two new seasonal … Read more
Kerry sees seven trends influencing the creation of flavors. BELOIT, WI — According to Kerry’s new Global Taste Trends research, foods like ghost pepper donuts, brown butter cheese dip, and spicy macaroni and cheese burgers may provide an indication of 2021 flavor trends. Reminiscent flavors are becoming more popular, according to a taste and nutrition … Read more
Health snacks are much more than just granola. The mainstream bar category began in the 1970s when General Mills, Inc. released a crunchy granola bar under the same name after realizing that customers were snacking on its Natural Valley Granola cereal. A few years later, a new category started to take shape when Quaker Oats … Read more
The scandal involving baby formula might further erode public trust in food safety. During the agency inspectors’ inspection of Abbott Nutrition’s baby formula manufacturing plant in Sturgis, Michigan, after a foodborne illness outbreak linked to the plant and caused by the pathogen Cronobacter sakazakii, Dr. Califf stated in his testimony, “We lost confidence that Abbott … Read more