Positive prospects in convenience foods sector to benefit flavor carriers market through 2028

USA – The flavor carriers market value reached nearly US$1.38 billion in 2018 and is forecasted to grow at CAGR of 3.0% to reach US$1.85 billion by the end of 2028, according to the recently […]

USDA establishes new rules for hemp production as new program kicks off

USA – The US Department of Agriculture is set to finalize interim rules that will allow hemp to be grown under federally approved plans and make hemp producers eligible for a number of agricultural programs. […]

India’s food retail firm Lite Bite to raise US$70m in fresh funding

INDIA – Food and Beverage retailer, Lite Bite Foods plans to raise US$70.41 million (Rs500 crore) from investors as the company seeks to expand its presence in India and other international markets. Lite Bites, which […]

Unilever unveils new ambitious commitments for a waste-free world

UK – Multinational consumer goods company, Unilever has announced new commitments seeking to halve its use of virgin plastic by 2025 and help create a circular economy for plastics. The Ben & Jerry’s, Knorr, and […]

PepsiCo reports 4.3% growth in Q3 organic revenues ahead of analysts forecast

USA – Food and Beverage giant, PespiCo Inc posted a 4.3% growth in organic revenues during the third quarter ended September 2019 boosted by strong marketing initiatives. Net income during the third quarter, however, slipped […]

Dean Foods finance chief Jody Macedonio steps down

USA – American food and beverage major Dean Foods has announced that the chief financial officer Jody Macedonio has stepped down from the position. Macedonio departure from the company comes just 19 months after her […]

PepsiCo’s sustainability reports highlights focus to promote a more sustainable food system

USA – PepsiCo has published its 2018 sustainability report outlining the company’s progress against its sustainability goals and announcing a new purpose behind its sustainability agenda: to help build a more sustainable food system. PepsiCo […]

MAN appoints Anegbe as new chairman of food and beverage sector

NIGERIA – Manufacturers Association of Nigeria (MAN) has appointed Chief Patrick Anegbe as its new chairman of its Food, Beverage and Tobacco (FBT) sectoral group. Anegbe will hold the new office alongside his position as […]

Nestlé teams up with University of Ghana on scientific research

GHANA – Nestlé Ghana and the University of Ghana have signed a two-year renewable agreement aimed at enhancing scientific research and student practical study in relation to the food and nutrition value chain. The partnership […]

Kenya sees new accreditation service bills signed into law

KENYA – Kenya’s President, Uhuru Kenyatta has signed the Accreditation Service Bill into law that seeks to promote accreditation services in the country. The new Accreditation Service Act establishes the Kenya National Accreditation Service (KENAS) […]