With natural and clean-label trends proliferating in the consumer packaged goods (CPG) market, many CPG companies are transitioning from artificial to natural ingredients. Among those in high demand are natural vanilla ingredients.
The Institute of Food Technologists (IFT) saw more than 23,000 attendees at IFT16: Where Science Feeds Innovation. The organization’s annual meeting and food expo, which took place July 16-19 at McCormick Place in Chicago, featured various speakers, poster presentations, scientific sessions and a sold-out expo floor that had 1,222 exhibitors.
International Flavors & Fragrances Inc. (IFF), New York, announced that it has entered into an agreement to acquire David Michael & Co. Inc., Philadelphia.
Coffee segment’s market share increased to 4 percent
September 2, 2016
Coffee has recently seen a renaissance, both through its renewed popularity among younger consumers, as well as through exciting innovations within the coffee space — such as cold-brewed and pour-over coffee, reports Chicago-based Technomic, a Winsight company.
Philadelphia-based David Michael & Co. announced that it is up to host its 12th Innovation Roadshow, which kicks off Sept. 20, at the Hilton at Penn’s Landing in Philadelphia.
The Institute of Food Technologists (IFT) saw more than 23,000 attendees at IFT16: Where Science Feeds Innovation. The organization’s annual meeting and food expo, which took place July 16-19 at McCormick Place in Chicago, featured various speakers, poster presentations, scientific sessions and a sold-out expo floor.
According to Los Angeles-based IBISWorld’s May 2015 report titled “Energy Drink Production in the US,” 67 percent of the U.S. population is concerned about having enough energy to get through the day which, in turn, has fueled double-digit growth in the energy drinks segment during the past five years.
Pantone is well known for releasing its annual Color of the Year. For the first time, the company introduced two color shades — Rose Quartz and Serenity — as the 2016 Pantone Colors of the Year.
Consumers have become more open to new flavors and innovations as interest in health and wellness and consuming natural and organic products continues to grow.