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Despite the challenges, the combined revenue of the food and beverage market this year was $435.3 billion and is expected to grow to a staggering $857B by 2025.*
2020 was a year like no other. Yet despite the challenges brought on by the pandemic, most top food and beverage brands remained stable. In fact, the food and beverage industry is one of the only consumer product sectors to grow in the year.
The vaccine is coming, but data suggests demand for household staples isn’t going away anytime soon. CPG manufacturers have seen demand rise as restrictions on daily life have forced people to spend more time at home.
Nestlé's plan to achieve net zero greenhouse gas (GHG) emissions aims to halve the company's emissions by 2030 and realize net zero by 2050. To accomplish this, the company will accelerate current initiatives, evolve its operations and uncover ways to balance remaining emissions through carbon removal projects or innovation.
Packaging Strategies spoke with Jeff Wooster, global sustainability director for Dow Packaging and Specialty Plastics, on the transition to a pouch for Kellogg's sub-brand Kashi and its Bear Naked Granola line.
Nestlé has acquired Freshly, a fresh-prepared meal delivery service in the U.S. Founded in 2015, Freshly delivers fresh, chef-cooked meals to customers across the country, breaking down the barriers to healthy eating by delivering nutrition and convenience at scale.
J.M. Smucker will sell its Crisco business to B&G Foods in an all-cash deal valued at about $550 million, as it focuses on pet food, coffee and snacks, the companies said. Smucker, which is looking to exit the U.S. baking category, said the deal also includes its oils and shortening business outside of the United States.
Conagra Brands has launched "United For Change," a new approach to its national employee fundraising campaign. This initiative encourages employees to make personal financial contributions that support essential community programs that provide financial stability, alleviate systemic issues of poverty and advance civil liberties for all Americans.
Recent competitive pressures in the Ready-to-Drink (RTD) category including coffee, energy and other protein drinks, drove Nestlé to decide that the youth-focused Nesquik brand design needed a change.
Kellogg is offering U.K. customers the chance to create a personalized 'back to school' cereal box. Shoppers collect codes from three promotional packs and then upload a photo and personalized message to a website