Today poultry giant Tyson Foods announced Raised & Rooted, its new brand selling alternative proteins. Raised & Rooted’s first products will be plant-based “chicken” nuggets (made with a pea protein blend) and blended burger patties (which combine beef and pea protein). The products have lower calories and saturated fat than traditional chicken nuggets and beef burgers, respectively.
In addition to the new Raised & Rooted brand, Tyson is also introducing new alt-protein products through its existing Aidells brand, which sells meaty sausages, burgers, and meatballs. Aidells Whole Blends’ new sausages and meatballs contain a blend of chicken and protein-heavy plants such as quinoa, black beans, and lentils.
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Today’s market focus on “clean label” requires reviewing all the ingredients in a product. Often, this means considering replacing the corn syrup in confectionery. But unlike many food items that use corn syrup to stretch the product and reduce cost, corn syrup in candy is highly functional. Replacing corn syrup with tapioca syrup, brown rice syrup, oat syrup, or other grain syrup is not a simple task. Knowing the basics of corn syrup, what it’s contributing, and how it’s interacting with other ingredients is the key to understanding how to replace it.
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FreightWaves and Convoy teamed up to present the first annual Shipper of Choice Award to a top-notch manufacturer, distributor or retailer. The Kellogg Company K 1.33% took home the first place trophy during Transparency19 earlier this year.
The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent partners for their carriers.
"The Shipper of Choice Award is all about increasing transparency as we highlight innovative best practices that keep freight moving and contribute to a healthy freight community," FreightWaves CEO Craig Fuller said.
Impossible Foods, which makes a meatless plant-based burger and is backed by celebrities like Serena Williams and Katy Perry, said on Monday it has raised $300 million in the latest round of funding ahead of a possible initial public offering.
The fundraising underscores the growing appeal in plant-based food that tries to taste like meat with fewer environmental or health risks. Shares of competitor Beyond Meat Inc, which debuted on Nasdaq on May 2, have more than tripled.
Read more from MarketScale here
Are you working on a truly innovative food or agriculture product or technology? Are you disrupting a large market with a focus on sustainability and / or social impact? Then FoodBytes! is calling your name!
The leading food and agriculture discovery platform and pitch competition is making its Chicago debut on September 18 and 19, and applications are now open. Startups focused on animal health, sustainable production, soil & water conservation, precision agriculture, robotics, food safety, food waste, food as medicine, sugar alternatives and novel healthy ingredients are especially encouraged to apply. However, global innovators working across the entire food value chain are always welcome.
Learn more in the handy FAQ and apply here by Sunday, June 23.
Watch this short trailer, for a look inside FoodBytes - coming to Chicago September 19, 2019.
Click here to watch.
We’re kicking off Q2 with an overview of press from our recent FoodBytes! SF pitch competition, as well as a rundown of news across CPG, Food Tech, and Ag Tech. From in-depth profiles on startups like GEM and Hargol FoodTech, to seed round funding news from Augean Robotics, April’s roundup is full of fruitful news.
FoodBytes! San Francisco 2019
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There’s an alarming dichotomy around food and waste in the US and statistics show the problem is escalating year-on-year.
In 2018, one in seven Americans – around 50 million people – used food banks to avoid going hungry. In the same 12-month period, almost 40 percent of food in the US was wasted, with 35 million tons of fresh produce and pre-packed foods going straight to landfill, 90 percent of which was thrown away while it was still perfectly safe to eat.
Food Tech innovators are working harder than ever to reduce food waste across the supply chain, targeting processes that are ripe for reinvention. From 2016 to 2019, the number of waste-related applications across Rabobank’s innovation platforms FoodBytes! and TERRA has tripled, from 8 to 22 percent of total applications. This year, we’ve been able to see which trends are gaining the most traction, from farm to fork.
Read the full article from FoodBytes here
FoodBytes! by Rabobank held its 15th edition in San Francisco yesterday, and 15 new innovators joined the alumni ranks, a community of 265 startups and counting Recognized for their positive impact on the food value chain, Bushel, Shaka Tea, and Toast Ale won awards for their efforts to increase agricultural efficiency, offer Hawaiian antioxidant beverages and fight food waste.
Three California-based startup giants have catapulted alternative protein into the public eye. From Memphis Meats’ lab-grown patties to the meat-like plant-based burgers from Impossible Foods and Beyond Meat, Silicon Valley is investing heavily into this area of food tech. It comes as no surprise then, that approximately half of our alumni working in alternative protein have pitched in San Francisco. Investment in the space is further encouraged by promising consumer data, as alternative protein sales are growing 8% year over year. At FoodBytes! SF we saw the alternative protein trend continuing to evolve. Hargol FoodTech developed a commercial grasshopper farm to produce sustainable protein on a large scale, with a greatly reduced dependence on land. Developing less resource-dependent methods of providing protein to consumers, Planetarians is utilizing the material left over after oil is extracted from sunflower seeds. These defatted seeds are 35% protein, higher than the concentration in beef, which the company then grinds into a flour. Additionally, Bond Pets extends sustainable protein practices to pet food. Through a fermentation process similar to craft brewing, Bond takes animal cells, feeds them a nutrient-rich mixture that promotes growth, and allows the cells to multiply into proteins resembling meat.
Read more from FoodBytes here
For the third year in a row, FONA International, family-owned creator and manufacturer of complete flavor solutions, was named a Best Workplace in Chicago by Fortune magazine and consulting firm Great Place to Work.
Fortune magazine and Great Place to Work evaluated 55 companies in Chicago in a wide variety of industries and sizes. Out of 25 small and medium sized companies, FONA was ranked eighth for Best Workplaces in Chicago as well as being the only company in the manufacturing and production industry within this category.
“We are honored that Fortune named us a top ten workplace in Chicago,” said FONA Human Resources Director Tonya Hubbartt. “This recognition signifies FONA’s commitment to the FONA family. We know that together we can do great things.”
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