Significant changes in consumer behavior having major impact on demand for high-intensity sweeteners
June 6, 2017
The high-intensity sweetener (HIS) market is a study in contrasts between Western and Eastern consumers—with one going sour, while the other stays sweet. Although new, natural sweeteners like stevia extract are gaining ground, consumption of high-intensity sweeteners as a class is growing at a negligible rate in North America and Europe, due, in part, to the decline in carbonated soft drink consumption in these regions. In contrast, demand for the entire range of high-intensity sweeteners remains strong in Asia, according to new research from IHS Markit (NASDAQ: INFO), the leading global source of critical information and insight.
The award recognizes Novozymes’ long standing commitment to halal compliance and providing halal-certified products
June 6, 2017
Novozymes awarded ‘Company of the Year’ by the Islamic Food and Nutrition Council of America for its long-standing commitment to providing halal certified products for the manufacturing industry
Ferrero to build on Fannie May's existing US manufacturing, distribution and retail business
June 2, 2017
Ferrero International S.A. completed the acquisition of Fannie May Confections Brands, Inc. and the Harry London chocolate brands from 1-800-FLOWERS.com, Inc.
The agreement enables PepsiCo to enhance consumer experiences by tapping into Alibaba's big data capabilities and innovative marketing solutions
May 31, 2017
The collaboration enables PepsiCo to further enhance consumer experiences by leveraging Alibaba's data to introduce innovative marketing initiatives, customized products and integrated omnichannel solutions.
Smucker's Uncrustables updated its full sandwich line by replacing high fructose corn syrup with sugar
May 31, 2017
The reformulated Smucker's Uncrustables sandwiches have also been certified non-GMO and NSF Non-GMO True North™ by NSF International. NSF International provides third-party certification for non-GMO products.
Conagra Brands enters into definitive agreement with The J.M. Smucker Company to divest the Wesson® Oil Brand
May 30, 2017
The transaction is subject to customary closing conditions, including the receipt of any applicable regulatory approvals. The transaction is valued at approximately $285 million.
The Turin-based group accelerates growth in North America through the acquisition of 80% stake in the Canadian organic coffee company
May 26, 2017
With this transaction, Lavazza secures an 80% interest in the company, which was valued CAD 215 million. Elana Rosenfeld, who founded Kicking Horse Coffee in 1996, will retain a 20% equity stake and will continue as Chief Executive Officer.
Hershey recognized for Best in Show; Buddha Brands Company takes home first-ever Small Business Innovator award
May 25, 2017
The award winners – including those for Best in Show and the newly added Small Business Innovator – represent the most creative, innovative and fun products that the industry has to offer.