Maker of hard kombucha raises $25 million in funding round

U.S. foodservice industry set to rebound to pre-pandemic levels by 2023 July 29, 2020

The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.

COVID-19’s impact on lifestyles and eating behaviors in Asia July 28, 2020

According to Innova Market Insights’ COVID-19 Consumer Survey (conducted in March 2020), in China, India, and Indonesia, personal concerns center on health, personal income, and the availability of healthcare and products to buy.

Geltor raises $91.3 million to expand its sustainable ingredients-as-a-service platform July 27, 2020

Geltor has announced the closing of a $91.3 million Series B financing that will fuel the global expansion of its ingredients-as-a-service platform.

U.S. restaurant industry recovery stalls with no improvement in six weeks July 27, 2020

COVID case surges across the United States and the subsequent rollbacks in re-opening plans have stalled the U.S. restaurant industry’s recovery, reported The NPD Group.

Gathered Foods appoints Christine Mei as new CEO July 24, 2020

Gathered Foods, makers of Good Catch plant-based seafood, has announced the appointment of Christine Mei as CEO.