Food Industry

Starboard says the company needs to do more to “catch up” to its peers, such as Tyson and Hormel.

Robust interest by shoppers in consuming more protein represents a key opportunity to continue driving sales ahead, experts said at FMI’s annual meat conference.

Minor’s Kitchen is the food giant’s first brand to be launched in America in two years and builds on growing demand for home cooking.

The frozen food maker is set to grow its chicken production capacity as it sees substantial growth in high-protein offerings.

The deal enables Tokyo-based Morinaga to expand its presence in U.S. snacking through the fast-growing frozen treats category.

The change comes as the company enters the beverage space and looks to fulfill “a range of consumer protein needs over time,” according to a spokesperson.

Despite a roster of investors including Demi Lovato and Benson Boone, the brand hopes to scale by focusing its messaging around taste.

The snacking giant is positioning its portfolio to meet demand for functional ingredients, while Nate’s Honey sweetens nut butters and fruit spreads with its latest innovation.

Florian Schattenmann, Cargill’s chief technology officer, explains how a technology that’s been around for decades could help meet fast-growing demand for protein and other specialty ingredients. 

Prices are projected to increase faster for beef, non-alcoholic beverages and sugar and sweets, according to the USDA.