May 27 - Unilever partnership to bulk up plant-based alternatives | Krave unveils brand refresh
Krave revisits its better-for-you origins in brand refresh; Pandemic has provided a sharp boost for plant-based foods, Instacart survey shows; Post Holdings prices SPAC units at $10 in deal that could raise more than $300M; Vertical farming company Bowery raises $300M, valuing firm at $2.3B
The Europe-based company's agreement with Enough will add new mycoprotein ingredients as a way to further its goal of increasing sales of animal-free products.
Sales of meat analogs on Instacart's platform grew 42% in 2020, while the adoption rate for dairy-free milk was up 27% last year, according to data released by the e-commerce provider.
The options for updating new and existing products with the taste consumers expect to meet clean label requirements can be achieved with the right ingredients.
The CPG maker, which said in February its SPAC aimed to raise $400 million, is expected to stay close to the food and beverage space as it looks for companies that will benefit from the experience of its management team.
Investors have poured hundreds of millions of dollars into indoor agriculture as demand for freshly grown, locally produced offerings has soared among consumers.
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