Image: Business Insider
Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
We launched our 2018 U.S. Food & Beverage Startup Investment Report today, which finds that $1.45 billion dollars was invested across 200 reported deals in 2018. Read the full report here.
News about alternative proteins continues to take center stage – this week, Barclays announced a report stating insect protein is expected to become an $8 billion business by 2030. McDonald’s Israel is now piloting Nestle’s vegan patties in Tel Aviv. UK brand Meatless Farm has established an exclusive partnership with Whole Foods as it expands into the U.S.
In CPG news, Dirty Lemon’s parent Iris Nova has announced plans to spend $100 million on launching and investing in beverage brands. Danone has launched a coalition dedicated to promoting regenerative agriculture called Farming for Generations.
And lastly, Trump’s USDA has refused to publicize dozens of government-funded studies that warn of the effects of climate change.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
The insect protein market could be worth $8b by 2030, up from less than $1b in 2019. Restaurants and supermarkets are already serving up edible insects, making the category increasingly attractive to food industry giants.
The Coca-Cola-backed startup that creates Dirty Lemon beverages plans to spend $100m over the next three to five years. The money will go towards launching new beverage brands and investing in beverages created by other companies.
Farming for Generations aims to make the global dairy industry more sustainable by helping dairy farmers transition to regenerative agriculture practices.
Armed with $57m, Future Positive Capital intends to place more bets on wonky tech ideas that have the potential to drive systems change while reaping profits in long-established markets, like food and agriculture.
Over $1.45B was invested across 247 deals in 2018, according to the research in our second annual investment report produced in partnership with Ryan Willams. Check out the report for a deep dive into the investor and investment trends. We also share a complete list of deals and acquisitions.
McDonald’s Israel will start selling its own meatless burger featuring Nestlé’s Incredible patties. Called the Big Vegan, it will start off as a pilot in Tel Aviv.
The retailer is planning to accept the SNAP payment option at over 3,100 Walmart stores by the end of the year.
The company has signed an exclusive distribution deal with Whole Foods to sell its products at US stores for six months starting this summer.
The Trump administration has stopped promoting government-funded research into how higher temperatures can damage crops and pose health risks.
The company has developed a microbiome human discovery platform that offers a glycemic control solution for people with type II diabetes. The round was led by aMoon and the Ofek fund. It plans to expand marketing into the US.
Democrats are critical of potential guidelines that Republicans favor to tighten eligibility requirements.
Although women face barriers in this sector, a new generation of leaders is emerging to reshape the food system using their innovative technologies.
CPG private label sales now account for 3% of online dollar sales, up from 1.3% two years ago. Household and baby products are leading store brand e-commerce sales.
Kroger Rush launched earlier this spring and is currently available to a limited number of customers who live within a three-mile radius of two stores near its Cincinnati headquarters.
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