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Carolina Foods, a North Carolina-based bakery, officially opened its new, state-of-the-art facility in the Charlotte suburb of Pineville.

Construction of the new factory will start in fall 2024 and is set to conclude by the end of 2025.

Launched in 1991, the biannual conference brings together food engineers and technologists from across industries, academic institutions and government to discuss emerging challenges and potential solutions for delivery of safe, nutritious and sustainable foods.

Relocalize aims to cut greenhouse gas emissions and costs by deploying microfactories at grocery distribution centers to produce food and beverages hyper-locally.

The facility manufactures CAVA’s proprietary dips and spreads, including tzatziki, harissa and Crazy Feta, as well as select dressings.

The $75 million project is part of Ferrero's ongoing investment and expansion in the market.

The facility is capable of $40M in production capacity with the buildout to commence immediately and production expected to start in the third quarter.

The Mexican market is the most important for Purina in Latin America, representing 45% of Purina's total sales in the region.

According to the report, the size was valued at $53.69 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

Persistence Market Research says its report offers a comprehensive look into the market's dynamics, growth drivers, challenges and emerging trends.