Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a […]

Chi Ltd unveils new pack design for its Hollandia Evaporated Milk brand

NIGERIA – Chi Limited, a fast moving consumer good company owned by coco-cola company has launched a new packaging design for its Hollandia Evaporated Milk brand. The new packaging shows the nutritious benefits of Hollandia […]

Danone’s Nutricia debuts first ‘Karicare Toddler Sheep Milk’ formulation

AUSTRALIA – Danone’s Nutricia, global leader in specialised nutrition has launched its first Karicare Toddler Sheep Milk formulation in Australia. Nutricia said that the launch of the product represents “a significant step for the New […]

Fonterra to reduce stake in Chinese infant formula maker Beingmate

NEW ZEALAND – The New Zealand milk coorporative, Fonterra, has said that it will be reducing part of its 18.8% shareholding in Chinese infant formula manufacturer Beingmate. The company’s chief executive, Miles Hurrell, said the […]

Danone to invest US$26.5m in New Zealand’s Nutricia plant to reduce carbon emissions

NEW ZEELAND – French dairy giant, Danone has unveiled that it will be investing US$26.5 million (NZD40 million) in its Nutricia spray drying plant in New Zealand to help the site achieve carbon neutrality by 2021. According […]

BEEMilk to replace Brimstone Investment in Clover acquisition deal

SOUTH AFRICA – Brimstone Investment Corporation, a South African investment firm, has announced that BEEMilk will be replacing it in the proposed acquisition of Clover Industries, where it was set to hold a 15% stake. […]

Danone records sales growth in all units during second quarter

FRANCE – Danone posted a 2.5% increase in like-for-like sales in the second quarter as it was boosted by the performance of its baby food products in China. The company which owns brands such as […]

Global breakfast drinks market to reach US$83.83b by 2026

USA – Global breakfast drinks market including gluten-free, starch, lactose-free, high fibre and high protein is expected to reach US$83.83 billion by 2026, growing at a CAGR of around 4.9%, according to a new report […]

Dairy Farmers of America unveils 2019 accelerator program participants

USA – Dairy Farmers of America (DFA), an American milk cooperative has revealed participating companies for the 2019 DFA Accelerator program. The program supports startups in both ag tech and dairy food products to grow […]

Arla receives license for Kraft Heinz’s Middle East cheese business

DENMARK – Arla Foods has received a license to use the Kraft® brand in the Middle East after acquiring the cheese business from Mondelez International last year. The license agreement will run for a period […]