New egg industry innovation center designed to deliver novel egg-based ideas and solutions to market
October 13, 2022
The American Egg Board (AEB) announced the Eggcelerator LabTM, a network of innovation and insights capabilities, resources and expertise designed to bring new egg-based ideas to market. As the innovation center for the egg industry, the Eggcelerator Lab is developing market-ready products representing new uses for eggs and egg ingredients and new ways to consume eggs.
The plant-based foods market is forecasted to reach 7.7% of the global protein market by 2030, with a value of over $162 billion
October 7, 2022
Even well funded players are suffering. Planterra Foods who launched the OZO brand a few years ago just announced it is being shut down by its parent company Brazilian-based JBS. Maple Leaf Foods, who owns Lightlife and Field Roast plant-based brands, is reallocating resources back to conventional meat amid declining sales.
New artificial intelligence platform offers product developers a new way to test, screen and optimize product formulations
October 5, 2022
BASES Creative Product AI was built using over 100 models and algorithms, creating an artificial intelligence engine that can predict performance and identify new ways to optimize products. The AI is a significant step forward in the next generation of tools enabling clients to develop new food and beverage products.
Contest prompts food entrepreneurs to create innovative, sustainable, flavorful food products that repurpose excess food or waste
October 3, 2022
According to a study by ReFED, 35% of all foods in the United States goes unsold or uneaten and leaves a greenhouse gas footprint equivalent to 4% of total US emissions.
The model focuses on product incubation and acceleration, aligning desired outcomes with key technology enablers
October 3, 2022
Frame and Flight is currently in talks with major CPG and QSR brands and already has commitments from a few food tech companies and will continue to grow its leadership team in the coming months.
The next step is for iTi to join a new Shore Capital Innovation platform and form a strategic partnership with BevSource, an existing Shore portfolio company
September 29, 2022
BevSource offers a full range of operational and support services to beverage entrepreneurs and brand owners of all sizes.
From packaged snacks, baked goods, and pasta sauces to more complex nutrition bars, fermented beverages, and plant-based milk analogs, organic fulfills multiple expectations
The biggest challenges for developers and manufacturers of organic products are sourcing certified organic ingredients and knowing what secondary ingredients may be permitted. The organic regulations clearly define the practices and ingredients that are allowed.
The start-up engagement program was created to bring "big and small" together to drive mutual growth
September 23, 2022
SnackFutures, the Mondelēz International, Inc. innovation and venture hub, opened applications for CoLab 2023. This is the third year of the start-up engagement program which was created to bring ‘big and small’ together to drive mutual growth.
Speedee Labs will focus on innovation, driving the customer and restaurant team experience forward
September 15, 2022
Introduced in 1948, McDonald's Speedee Service System revolutionized the way a restaurant could operate. New kitchen processes streamlined crew responsibilities, making it easier than ever to serve customers efficiently. Now, through Speedee Labs, McDonald's will continue to define tomorrow's restaurant solutions.
For the past few years, the Innova Market Insights list of Top 10 Trends has included a plant-centric trend. This acknowledges the growing presence of plant-based foods and beverages, as well as alternatives to traditional animal-based products.