The beauty of Innova’s annual Top 10 Trends of the food and beverage industry is that the trends apply across all market categories—including dairy products and dairy alternatives. Dairy and dairy alternatives overlap in many ways, differ in others, and our Top 10 Trends can be interpreted across both.
Cultivated Biosciences, a pioneering Swiss biotech food startup, announced the successful closing of its $5 million seed funding round. This significant financial injection will accelerate both the development of their yeast cream in collaboration with the food industry and preparation for the US market launch in 2025.
Creating product differentiation in crowded plant based category is now essential for new product success
July 19, 2023
One product maker who has cracked the code of exceptionality in the highly frenzied and increasingly crowded field of plant-based protein is Chi Foods, by Imlak’esh Organics, Inc. The makers of plant-based ground pork and pork chorizo analogs was co-founded by Tucker Garrison, and in this rapidly growing universe of plant-based meats, where alternate proteins are the star ingredients, Chi Foods is truly a unique player.
With more than 100,000 internet searches per month for “vegan recipes” and “vegetarian recipes”, it’s clear there is high demand for plant-based meals. The survey found that 52% of adults are vegan-curious and illustrated consumers’ desire for time-saving solutions to preparing plant-forward dishes. In fact, 56% of adults said they want shortcuts to plant-based meals.
Product developers refine flavor and texture of plant-based products with ingredient technology and artificial intelligence
December 14, 2022
Through its new B2B platform, NotCo is making its artificial intelligence technology available for more food and beverage manufacturers seeking to create best-in-class and scalable plant-based products. In addition to delivering a superior eating experience, NotCo’s artificial intelligence offers the added benefits of extreme accuracy and speed, cutting R&D development timelines down to mere months compared to what traditionally has taken years.
Dairy-free cheeses, plant based ice cream and milk alternatives make up the innovation landscape in the booming category
August 17, 2022
"As demand for vegan cheese continues to grow, many consumers have been vocal about how difficult it has been to find a plant-based cheese that lives up to their expectations," said David Cherrie, Saputo Dairy USA vice president, marketing and innovation.
Although most of today’s new plant-based dairy alternatives are cold—displayed in the dairy case or the freezercase—they constitute one of the supermarket’s hottest and fastest growing segments. And it’s no surprise market observers are scrutinizing every element behind who’s purchasing these products—along with what’s selling, when, where and why.
An increased number of milk-free and gelatin-free products are hitting the shelves
February 3, 2021
Innova Market Insights’ No. 2 trend for 2021, Plant-Forward, signifies the evolution of plant-based concepts beyond the core dairy and meat alternatives categories. In 2020, no fewer than 67% of all new products with ‘plant-based’ claims were launched outside of these pioneering sectors. In the confectionery market, for example, more milk-free and gelatin-free products are hitting the shelves, as highlighted in a new report from Innova Market Insights. Meanwhile, the plant-based confectionery space is growing in popularity.
Vevan products are vegan, dairy-free, gluten-free, lactose-free and non-GMO
February 2, 2021
Vevan, crafted by the same artisan cheesemakers behind many of Schuman Cheese's most celebrated brands, was created with the belief that consumers who love cheese deserve better options when it comes to enjoying their favorite foods.
The company has entered into a binding letter of intent to acquire all of the issued and outstanding securities of The Future of Cheese Company Corp.
January 19, 2021
Organic Garage Ltd., announced that it has entered into a binding letter of intent to acquire all of the issued and outstanding securities of The Future of Cheese Company Corp., a private Canada corporation. FoC is a Toronto, Ontario based organic, vegan premium plant-based company in the business of developing, manufacturing and marketing plant-based cheeses and plant-based cheese products.