The chocolate flavors market is projected to grow at a compound annual growth rate of 5 percent to be valued at more than $350 million by 2019, according to a recent report from market analyst MarketsandMarkets.
After increasing health concerns, Texas-based Blue Bell Ice Creameries decided to pull all of its products from stores nationwide because the frozen desserts have the potential to be contaminated with Listeria monocytogenes.
Kraft Foods Group, Inc. announced it’s changing the recipe of one of the company’s most iconic products, Kraft Macaroni & Cheese, which will no longer be made with artificial preservatives or synthetic colors in the US by the end of 2016. Kraft Dinner (KD) in Canada will make the same changes by the end of next year in Kraft Dinner Original.
Nomad Holdings Limited reached an agreement to acquire leading European frozen food company Iglo Foods Holdings Limited from a company backed by the Permira funds for approximately $2.8 billion.
Strong growth in supply and low demand has driven the price of pork down from its recent high-flying prices, according to the latest quarterly report from Rabobank.
USDA, along with food industry groups such as the International Dairy Foods Association (IDFA) and the Grocery Manufacturers Association (GMA) voiced their support and urged a swift approval of new legislation, the “Bipartisan Congressional Trade Priorities and Accountability Act of 2015,” that would modernize and renew Trade Promotion Authority (TPA), boost economic growth and open the door to new markets for US goods and services.
Multinational food and beverage company Nestle announced this week it is exploring options to sell off its subsidiary Davigel—provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe as part of its on-going portfolio review.
PMMI, the Association for Packaging and Processing Technologies, has opened registration for 2015’s PACK EXPO Las Vegas which features the largest show floor in the history of the event.
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