To meet the demand for its popular cocoa drink Cadbury Bournvita, Mondelez International announced it has invested more than $50 million in a new Lagos, Nigeria production facility.
With more consumers trending towards natural and organic food options, Dietz & Watson announced it has launched a new product line known as “Originals”—a collection of antibiotic free deli meats, organic deli meats, rBST-free cheeses and organic beef hot dogs.
The increase in vegetarianism and flexitarianism has made the meat alternatives market a competitive and lucrative space, according to market research publisher Packaged Facts, New York. In the report “Proteins - Classic, Alternative and Exotic Sources: Culinary Trend Tracking Series,” 28% of respondents indicated they are seeking vegetarian sources of protein, which span a healthy range of products from beans and legumes to "fake meat."
An overwhelming majority of consumers continue to purchase private label food brands, but concerns about the safety and quality of the foods they eat linger, according to a recent report.
The world’s largest brewing company Anheuser-Busch InBev NV announced Wednesday it is considering a takeover of rival SABMiller plc and has approached the company about this possibility. No bid or offer has been made.
