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The investment will enable the company to reimagine and re-start a former Danone-owned, milk-based dairy plant in Naugatuck as a new plant-based processing facility.
September 9, 2019
Culture Fresh Foods, Naugatuck, Conn., completed an $11 million Series A round of financing with co-investors CEI Ventures, Brunswick, Maine; FreshTracks Capital, Shelburne, Vt., and several angel investors.
As such, milk is a focus for online retailers who have struggled to attract grocery shoppers.
August 23, 2019
Despite its declining popularity in the United States, milk remains a pivotal product for retailers, as grocery shoppers who buy milk tend to buy significantly more groceries in general than those who don’t, according to research reveals by Rabobank, The Netherlands.
Market insights and an openness to work with non-dairy companies will be critical elements of strategy moving forward.
July 8, 2019
New research from McKinsey & Co., New York, sheds light on the mind-sets of U.S. dairy executives and their recent evolution as they attempt to jump-start growth.
The study reveals that light and fat-free non-dairy creamers will collectively account for over two-fifths of the overall non-dairy creamer consumption in 2019.
April 3, 2019
Fat-free, plant-based and organic creamers claim the largest market share of the group, according to a new research study by Future Market Insights (FMI), Valley Cottage, N.Y.
Nancy’s Probiotic Foods, Eugene, Ore., introduced Oatmilk Non-Dairy Yogurt, made from gluten-free oats and billions of live non-dairy probiotics per serving.
Fat-free, plant-based and organic are being received positively by consumers, the study says, encouraging manufacturers to experiment.
February 6, 2019
Nearly 2 million metric tons of non-dairy creamers were consumed in 2018, totaling a market value worth $2.3 billion, according to a study released by Future Market Insights (FMI), Valley Cottage, N.Y.
Most Americans believe that the U.S. Food & Drug Administration should restrict plant-based beverage companies from using the word “milk” on product labels.
January 28, 2019
Half of all Americans (49%) believe that non-dairy brands should not be allowed to use the term “milk” on their product labels because they are often less nutritious than dairy milk, according to a poll conducted on behalf of the National Milk Producers Federation, Arlington, Va.