Article updated on January 4, 2023, with additional industry response. On December 23, 2022, the House passed the Consolidated Appropriations Act of 2023 (H.R.2617), an omnibus spending bill consisting of all 12 fiscal year 2023 appropriations bills. It provides $1.7 trillion in discretionary resources across the fiscal year 2023 appropriations...
Washington, D.C.—Cheers to the Council for Responsible Nutrition (CRN) for marking its a major milestone! Founded in 1973, the organization has now played a role in the growth of the dietary supplement industry for 50 years. Throughout 2023, CRN will be reflecting on its history and looking ahead to how the trade...
Copenhagen, Denmark—Novozymes A/S and Chr. Hansen Holding A/S have entered into an agreement to create a leading global biosolutions partner through a statutory merger of the two companies. The combined group will be equipped to address global challenges including enabling healthier lives, transforming food systems, and accelerating towards a climate neutral society, according...
New York, NY—IFF has entered into an agreement to sell its Savory Solutions Group, which focuses on ingredients for prepared foods and foodservice and plant-based solutions for the vegan and vegetarian markets, to global private equity firm PAI Partners. According to a press release, the transaction values the business at...
Austin, TX—Loomis Enzymes has adopted Rose Hip (Rosa canina, Rosaceae) through the American Botanical Council’s (ABC) Adopt-an-Herb botanical research and education program. “Rose hip has one of the highest levels of vitamin C of any fruit or vegetable,” noted a representative from Loomis Enzymes, in a release from ABC. “Additionally, rose...
Boston, MA—Merryfield PBC announced a partnership with Cornerstone for Natural to create an in-store consumer education, incentives, and rewards program, called Learn & Earn. The program, powered by the Merryfield Rewards app and Cornerstone's Smart Shelf Tag technology, is designed to influence consumers' point-of-purchase decisions through in-aisle branded digital content...
Challenge 1: Rising cost of doing business “Increasing costs of doing business are disrupting the entire retail supply chain,” reports Joe Tarnowski, VP of Thought Leadership & Global Media, RangeMe & ECRM. “Consumers and manufacturers alike are feeling the impact, and this is shaping how each behaves.” On the supply...
Consumers are keen on the concept of personalization, but can brick-and-mortar independents capitalize on this trend? For insights, we turned to Noah Voreades, Managing Director of GenBiome Consulting. “Personalization in the nutritional supplements market in many ways is still trying to find the right business model, channels, and ways to...
The analysts and forecasters have been mining the data and following the buzz to determine the most pressing consumer need states…and to find out what is captivating consumer interests. Over the past several months, we’ve been covering various trend reports in our news section on www.WholeFoodsMagazine.com, so you can do...
Las Vegas, NV—The 2023 Winter Fancy Food Show is heading to the Las Vegas Convention Center on January 15-17. Makers, buyers, retailers, brokers, distributors, and other industry professionals will gather for this specialty food trade event, which is the largest B2B-only specialty food and beverage show in the U.S. On Monday,...
