Innova Market Insights has released its Top Trends for 2021, according to a press release. Transparency is the top trend: Brands are looking to meet ethical, environmental, and clean label consumer demands, and they’re marketing it using “creative, meaningful storytelling,” the press release. Ingredient provenance is increasingly important, particularly for...
City of Industry, CA—AIDP has announced an exclusive sales distribution agreement for Functional Fungi organic mushroom nutraceuticals. A press release on the topic explains that mushroom ingredients are growing as a category and appearing in beverages, supplements, and functional foods. Functional Fungi offers a line of organic, multi-patented mushroom powders...
Basel, Switzerland—Lonza has announced a partnership with Body&Fit, Glanbia Performance Nutrition’s direct-to-consumer brand. The brand will use Lonza’s DUOCAP capsule portfolio and specialty nutrition ingredients, a press release on the topic explains. The capsule-in-a-capsule design allows combined dosing of otherwise-incompatible ingredients. Body&Fit has already launched Beauty Skin Duo and Pro...
Chicago, IL—ADM has been named a winner in the 2021 BIG Innovation Awards presented by the Business Intelligence Group, according to a press release from ADM. The company’s probiotic strain Bifidobacterium lactis (BPL1) was featured among the winning products in the food and beverage category. Nominations were judged by a...
New Port Richey, FL—SENPA and Puerto Rico Natural have formed an alliance in what a press release calls “the spirit of partnership,” allowing both associations the opportunity to access a broader range of resources, communications, and expertise. Together, the two are hoping to create educational opportunities, strengthen advocacy outreach, and...
Austin, TX—The American Botanical Council (ABC) has launched a new website, according to a press release. The site has been in the works for the past two years. In 2020, ABC’s website saw more than 600,000 visitors from 230 countries, creating 1.6 million pageviews. It has been the vehicle for...
Mumbai, India, and Morristown, NJ—OmniActive Health Technologies has announced that TA Associates, a global growth private equity firm, has acquired a significant stake in the company, while OmniActive’s Founder and Executive Chairman Sanjay Mariwala has further increased his personal holding. In a press release, Mariwala stated: "We are pleased to...
London, England—Olam International Limited has extended the application deadline for its biannual innovation prize to March 15, 2021, according to a press release. The deadline was extended due to COVID-19. The goal of the competition is to support innovations that will help reduce food insecurity. The program's website notes that...
Aker Biomarine has entered into an exclusive licensing agreement with the University of Illinois Chicago to obtain all intellectual property (IP) relating to the lysophosphatidylcholine (LPC) form of EPA and DPA, according to a press release. In November, Aker launched Lysoveta, a delivery platform based on LPC-bound EPA and DHA...
Hunt Valley, MD—McCormick & Company Inc. has purchased 100% of the shares of FONA International, LLC, and certain of its affiliates, according to a press release. The business was acquired for $710 million in cash. "McCormick has a history of creating value through acquisitions,” said Lawrence E. Kurzius, Chairman, President,...
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