Nov. 23 - Impossible Foods raises $500M | New Culture eyes 2022 animal-free cheese launch

New Culture raises $25M to launch animal-free cheese in 2022; Fresh fruit and vegetable supply threatened by rising disruptions; What's behind the slowdown in plant-based meat sales?; Monster Beverage exploring deal with Constellation Brands, Bloomberg reports View online | Signup | Forward

Daily Dive Nov.​ 23,​ 2021 | Today's news and insights for food industry leaders   TRENDLINE What Brands to Watch in the Beverage/Alcohol Space Discover the latest trends driving the alcohol and beverage space as well as how major brands like Coca-Cola are responding in this new Trendline.   Impossible Foods raises $500M, bringing its lifetime funding to more than $2B The company, which says it is the fastest growing in plant-based meat, plans to use the money to accelerate its expansion in the U.S. and abroad. New Culture raises $25M to launch animal-free cheese in 2022 The funding round — which includes venture arms of Kraft Heinz, ADM and Dr. Oetker — will help the company scale and grow as it plans to commercialize its cow-free mozzarella. Fresh fruit and vegetable supply threatened by rising disruptions Producers are confronting higher costs, fertilizer shortages and inconsistent deliveries. In some cases, it's leading to food spoilage. Sponsored Content by Univar Solutions Change your diet and stay healthy with plant-based foods Plant-based diets are changing the future of food. Explore nature-inspired formulas and recipes with sustainable ingredients that are better for you and better for the planet. What's behind the slowdown in plant-based meat sales? With major companies posting lower-than-expected revenues, the once-hot sector is looking less appealing to investors. Three analysts give their take on what happened and the segment's future. Monster Beverage exploring deal with Constellation Brands, Bloomberg reports The exact type of transaction between the energy drink maker and the Corona brewer, whether it involves a merger or a specific asset, is uncertain, the news service said. Kemin breaks ground on clean-label proteins plant Less than a year after acquiring Proteus Industries, the company is ramping up production of its ingredients line for meat and poultry applications and has named a leadership team. Read more news 5 Major Challenges in Product Development Discover how scientists are using familiar, proven ingredients to address today’s food formulation complexities and meet consumer demands in this playbook. Learn More From Our Library Playbook Sharpen Your Manufacturing Competitive Edge with Smarter Asset Management IBM Playbook 4 product breakthroughs to meet your most complex food formulation needs https://resources.industrydive.com/formulating-challenges-can-be-simplified?utm_source=FD&utm_medium=Library&utm_campaign=Ajinomoto View all resources What We're Reading Reuters U.S. Senator Warren calls for probe of soaring poultry prices Wall Street Journal J.M. Smucker Reports Higher Sales Amid Price Increases Food Ingredients First “Brink of collapse”: Global fisheries inching closer to decimated state, warns Minderoo Foundation report Supply Chain Dive Tupperware to idle factories as it works through inventory backlog Suggest a story we should read Dive Into a Topic Finances and Deals Food Tech Manufacturing Ingredients Corporate Operations Packaging / Labeling Policy Meat / Protein Beverages Sustainability Share Food Dive: Daily Dive with others and get rewarded. You've referred 0 readers. To become an official Dive Insider, just successfully refer 10 contacts to Food Dive: Daily Dive. Here's your link to share: https://www.fooddive.com/signup/insiders/?signup_referred_by=60a5c3aa567ee621a1070bb0

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