Beer slump helped by growth in premium offerings, Constellation Brands CFO says

Dive Brief: Volatility in beer is being driven by a decline in consumer interest in lower-value brews and growing interest in higher-end options, Garth Hankinson, Constellation Brands’ executive vice president and CFO, told Wall Street investors at a conference Tuesday.  Hankinson said the buy rate of the premium alcohol category is up year-over-year. This indicates consumers see pricier […]

DGAC told grains the top dietary iron source

WASHINGTON — Flour-based foods such as bread, cereals and pasta are the source of roughly half of US iron consumption, and proposed changes the 2025-2030 Dietary Guidelines for Americans (DGA) should not imperil adequate intake of this important nutrient, according to the Grain Chain. Bringing additional perspective on possible health ramifications from potential changes to […]

PepsiCo CFO Hugh Johnston leaving for Disney

Dive Brief: PepsiCo vice chairman and chief financial officer Hugh Johnston is leaving the company at the end of the month to become CFO at The Walt Disney Company. Johnston leaves PepsiCo after 34 years at the snacking and beverage giant. Company veteran James (Jamie) Caulfield will take over the top financial post at the New […]

Grupo Bimbo expands presence in QSR market

MEXICO CITY — Grupo Bimbo SAB de CV has acquired Mile Hi Bakery, Denver. The transaction, which had been the subject of industry speculation for a few months, was announced Oct. 26 by Bimbo in connection with its third-quarter financial results. Mile Hi Bakery is a supplier of buns and English muffins for the quick-service […]

FNB News – Six winners awarded Rs 12 lakh at the GFI India ISPIC 2023 Grand Finale

The Good Food Institute India (GFI India) marked the conclusion of the 3rd edition of its flagship programme, The India Smart Protein Innovation Challenge (ISPIC) and launched the State of Industry Report for Smart Protein in India. “In the report, you will discover how India’s innovative smart protein industry, with 113 pioneering startups, is set […]

Leftovers: Kraft Heinz, Milk Bar burst into bagel bombs | Skittles get miniature with Littles

Leftovers is our look at a few of the product ideas popping up everywhere. Some are intriguing, some sound amazing and some are the kinds of ideas we would never dream of. We can’t write about everything that we get pitched, so here are some leftovers pulled from our inboxes. Bagel bomb from Philadelphia and […]

Marcum seeking the next standout startup

CHICAGO — The 2023 Marcum Food & Beverage Summit took place Sept. 7 at the Convene Conference Center in Midtown Manhattan. The annual event brings together Marcum’s accountants and advisers, along with investors and entrepreneurs, to explore the evolving food and beverage marketplace and identify opportunities for all participating parties. An emphasis this year was […]

FNB News – Assam signs MoU with QCI to improve food safety ecosystem

The Assam Government and Quality Council of India (QCI) have signed a Memorandum of Understanding (MoU) to improve the food safety ecosystem in the state. According to reports, the MoU aims to create quality infrastructure through conformity assessment framework based on training and capacity building of stakeholders. According to the state officials, the MoU marks […]

Ofi combines cocoa with Asian flavors using AI

Dive Brief: Olam Food Ingredients (Ofi) have developed a set of trending flavor pairings for its deZaan line of cocoa products using artificial intelligence. These include Asian-inspired tastes like lychee, miso, matcha, yuzu, mochi, and spicy chili. In an interview with Food Dive, Ofi pastry chef Andrew Pingul said the pairings will allow the company to bring […]