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Extreme heat is destroying corn crops around the world. US exporters could see a boost.
Unfavorable growing conditions in Europe and South America may be a bright spot for U.S. farmers as they struggle to offload record supply.
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Snickers owner Mars to buy Kellanova for $35.9B
The deal for the Cheez-It and Pringles maker is the biggest in the food space since the Kraft Heinz merger in 2015. It gives the gum and candy giant a dominant presence in savory snacks where it currently has little exposure.
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Upside Foods sues Florida over cultivated meat ban
The lawsuit claims the state’s ban on cultivated meat is unconstitutional and only seeks to protect local meat producers from competition.
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Tilray to acquire 4 craft beer brands from Molson Coors
The purchase allows the cannabis producer to continue growing its presence in the alcohol category and comes as the Coors Banquet brewer seeks to pare down its portfolio.
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Packaging innovations: Twinings gets canned, Black Cow’s udderly different vodka packaging
In other news, Sensei Farms ditches its plastic clamshells.
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Deep Dive
You can’t ‘replicate a Celsius’: How the energy drink maker evolved from an unknown to category giant
Revenue has doubled each of the last two years as its beverage’s functional attributes, better-for-you halo and novel flavors resonate with mainstream consumers.
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Oreo, Coca-Cola partner to create drink and cookie combining the iconic brands
The limited-time offerings will be available in grocery and convenience stores in the U.S. and other select markets around the world starting in September.
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Quorn to launch blended meat-mycoprotein products by end of the year
The ingredient, which seeks to push back against the “exclusive” perception of plant-based products, will be available in a blended form across a variety of foodservice operators.
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Impossible Foods opens first brick and mortar concept
CEO Peter McGuinness said Impossible Quality Meats is part of the company's mission to prove its plant-based products are not like "a warm beer or a cold shower."
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Conagra Brands acquires premium meat stick brand Fatty
CEO Sean Connolly said the purchase, which complements its Slim Jim and Duke’s offerings, “is another step in reshaping our portfolio for faster growth.”
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Behind Bluebird Hardwater’s bubble-free canned cocktail conquest
The upstart combines hydration and drinking with its tequila and vodka water offerings.
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Column
Leftovers: Bacardi teams up with Tipsy Scoop | Utz unveils cheesy and cinnamon snack flavors
The alcohol-infused ice cream maker is launching an Ocho Guava Daiquiri variety, and Bob’s Red Mill expands its lineup of pancake and waffle blends.
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Tyson taps new president of international sales
Devin Cole, who recently rejoined the company to lead its global McDonald’s business, is taking over responsibilities from Amy Tu, who is retiring.
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Chemical found in rocket fuel detected in fruits, dairy and meat: Consumer Reports
The group said while perchlorate was detected in measurable levels in two-thirds of nearly 200 samples, it was not “acutely dangerous” and didn’t exceed EPA guidelines.
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Column
The Weekly Sip: Molson Coors faces declining beer demand | Nestlé brings Kit Kat into Coffee mate
The brewer said offerings such as Coors Banquet are helping drive sales despite a decline in total volume, and a U.K. canned cocktail brand hopes to make a statement in a crowded category.
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Ingredion sees falling income, continues to focus on texture
The Illinois ingredients giant saw a 9% year-over-year decline in the second quarter.
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Column
Ingredients in Focus: Protein ingredients market forecast to reach $86B by 2028
As more consumers flock to foods with the macronutrient, CPG manufacturers are featuring it in many of the new products they bring to market.
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Nestlé’s Nespresso moves beyond coffee for the first time with honey
The sweetener will help the CPG giant incorporate more regenerative agriculture practices into its business and capitalize on the growing use of honey in a cup of joe.
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Lawsuits accuse General Mills’ Cocoa Puffs of having high levels of lead
In a pair of class action lawsuits from California and Minnesota, plaintiffs are seeking $5 million in damages from the company.
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WK Kellogg Co to shutter Nebraska cereal plant as profits slide
The Frosted Flakes maker also plans to cut production at a Memphis facility while boosting output at locations in Michigan, Pennsylvania and Ontario, Canada.
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Logan Paul’s Prime sports drink hit with lawsuit from bottler
Refresco alleged Congo Brands, which sells the hydration beverage founded by YouTube star Logan Paul, backed out of its agreement to sell the drink.
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Clio refrigerated bar demand heats up as yogurt offering upends dairy space
CEO John McGuckin said the snacks maker’s sales could reach $500 million as it boosts household penetration and convinces retailers to carry more of its offerings.
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Tyson profits soar after ‘remarkable turnaround’ in chicken
Operational efficiencies following a string of cost-cutting pushed third quarter earnings for the nation’s largest meat company higher than executives expected.
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Q&A
How Liquid Death cuts through marketing noise without big media buys
Vice President of Creative Andy Pearson explained how the billion-dollar beverage brand helps consumers “murder” their thirst in an expanding market.
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Tilray bets big on beverages to drive growth
The company, which could reach $1 billion in revenue this year, is expanding its craft beer, cannabis and nonalcoholic drinks lineup.
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