New Partnership Utilizes Bakery Waste for Sustainable Oils and Fats
Clean Food Group, a biotech company, has announced a new partnership with Roberts Bakery, with the goal of using the bakery’s surplus as a feedstock...
Tag : business
Innovative breast milk company plans to shake up the bovine formula industry
French entrepreneurs Eugénie Pezé-Heidsieck and Eden Banon are revolutionizing the infant formula industry with their innovative approach to produce human milk using cell culture. With...
Nestlé invests £7 million into new hard-to-recycle plastics plant
Flexible plastics used in food and beverage production have raised concerns in the industry due to their hard-to-recycle nature. To tackle this issue, Nestlé has...
PepsiCo broadens its range of diverse ingredients
PepsiCo is expanding its use of ‘diverse ingredients’ as part of its Pep+ initiative. The multinational aims to deliver 145bn portions of diverse ingredients per...
Addressing Unsustainable Practices in the Coconut Supply Chain Through the Sustainable Coconut Partnership
Coconuts are primarily grown in tropical climates, with more than 70% of global coconut oil production coming from the Philippines and Indonesia. The coconut trees...
Unilever’s inaugural AI lab will specialize in predicting trends and generating insights
Unilever has previously utilized AI for diverse endeavors, such as gut microbiome research, biotechnology, and consumer communication. However, the company’s new AI Horizon3 Lab in...
Danone considers partnership with plant-based formula company Else Nutrition
In the food and beverage industry, the kids formula market has long been dominated by bovine formula, with over 90% of the industry relying on...
Mars completes acquisition of Hotel Chocolat in confectionery merger and acquisition deal
Mars Inc., a US-headquartered confectionery major, has announced plans to acquire British chocolate retailer Hotel Chocolat for more than £534m (€610m), marking a significant move...
Mondelez Downplays Private Label Threat, Cites Strong Consumer Confidence in Asia and Middle East
Mondelez recently announced its Q3FY2023 financial results, reporting net revenue growth of 16.3% year-on-year to US$9bn and gross profit growth of 20.1% year-on-year to US$3.5bn....
Unilever’s push for reformulation in ice cream industry
Unilever has recently announced its intention to reformulate its ice cream products, encouraging other manufacturers to follow suit in order to achieve more energy-efficient freezer...