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Mondelēz tests new snack bar made using mechanical pressure and ultrasound energy
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Dive Brief:
SnackFutures, Mondelez International s innovation and venture hub, announced the first nine startups participating in its recently launched CoLab, a program for early-stage well-being snack brands, the CPG giant said. Each brand will participate in a 12-week curriculum and receive a $20,000 grant.
The companies participating in the inaugural class include: Elite Sweets, a Keto doughnut brand run by founders who each lost more than 100 pounds; NuSkool low-sugar snacking platform; 12 Tides, a nutrient-dense snack made from kelp sourced from regenerative ocean farms; and the Better Bites Bakery allergen-free line, created by a founder whose son had life-threatening food allergies.
Big food companies, including PepsiCo, Danone, Chobani and General Mills, have started their own incubators to expedite their entrance into fast-growing trends in the food space such as better-for-you, natural, clean label, plant-based and functional.
Mondelēz emerges from pandemic stronger than ever , says CEO Mondelēz International is continuing to see healthy demand for its core snacking brands, proving that industry-wide sales spikes for packaged, shelf-stable products were more than just a COVID-inspired blip, said chairman and CEO Dirk Van De Put. We had a strong start to the year despite lapping our highest growth quarter in 2020 and Q1 reconfirmed that we are emerging from COVID even stronger, said Van De Put on the company s Q1 2021 earnings call.
The global snacking company increased net revenues by 7.9% for the quarter driven by organic net revenue growth of 3.8% across all international regions. In North America, net revenues were up 4.3% for the quarter, and organic net revenue growth declined 2.3%.
Mondelēz emerges from pandemic stronger than ever , says CEO Mondelēz International is continuing to see healthy demand for its core snacking brands, proving that industry-wide sales spikes for packaged, shelf-stable products were more than just a COVID-inspired blip, said chairman and CEO Dirk Van De Put. We had a strong start to the year despite lapping our highest growth quarter in 2020 and Q1 reconfirmed that we are emerging from COVID even stronger, said Van De Put on the company s Q1 2021 earnings call.
The global snacking company increased net revenues by 7.9% for the quarter driven by organic net revenue growth of 3.8% across all international regions. In North America, net revenues were up 4.3% for the quarter, and organic net revenue growth declined 2.3%.
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