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Food & Beverage

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October 31, 2022

Industry Roundup
 Packaged Food

Baked Goods

Grupo Bimbo announces acquisition of British premium brioche firm St. Pierre; financial figures of the deal, which was completed at the end of Q3, not disclosed
CE Noticias Financieras (10/28)

Executive Perspective: Kerry Group's Q3 volume growth broad-based across its regions, channels and markets, led by excellent performances in its snacks, beverage, meat and bakery segments, says CEO Edmond Scanlon
Food Ingredients First (10/28)

Condiments, Dressings & Sauces

Packaging Design Wrap-Up: Coca-Cola’s lockable bottles encourage family and friends to unite for Diwali celebrations; celebrity drama seemingly surrounds Grey Poupon jars; Cards Against Humanity releases new extension pack in condiment jar
Industry Intelligence Inc. (10/28)

Sonoco, Premier Foods win Supply Chain Solution of the Year Award at UK Packaging Awards for Bisto Gravy paperboard drum; the newly resized solution has a reduced height, offers a higher product fill amount and uses less resources than previous drum
Contify Retail News (10/28)

Ice Cream/Frozen Treats

Red Robin announces limited-time offerings of Oreo Peppermint Crunch Milkshake and Red's Classic Mule alcoholic beverage; the Mule features Fever-Tree Ginger Beer, sweet and sour mix, and choice of vodka, tequila or bourbon
Nation's Restaurant News (10/28)

Frozen Food

McCain Foods Canada announces launch of new Regan Fries, made with potatoes that are grown using regenerative farming methods which build soil health, improve biodiversity, and enhance on-farm resilience to climate change
Canada Newswire (10/28)

UK government to allow turkey, goose and duck producers to slaughter their flocks early so they can be frozen, before being defrosted and sold as chilled in the run-up to Christmas
The Grocer (10/28)

Packaged Foods

Nestle Malaysia reports Q3 net profit of 112.7M ringgits, down from year-ago profit of 148M ringgits, amid higher commodity prices and unfavorable exchange rates; revenue rises 17% to 1.68B ringgits, helped by higher domestic and export sales
Malaysian Government News (10/31)

Executive Perspective: Danone lifts its outlook as pricing pushes up Q3 sales, but CEO Antoine de Saint-Affrique concedes the Russia exit was an added 'drag' on volumes
MarketLine (10/28)

Vitamins/ Supplements

Ultimate Pet Nutrition announces sales of over three million units of Nutra Thrive for dogs, which is a supplement that can be added to dry food with probiotics and vitamins; product also won Pet Innovation Awards' Dog Vitamin/Supplement of the Year
GlobeNewswire (10/28)

 Fresh Food

Fresh Produce

SAVRpak joins third cohort of 1915 Studios gBETA, an accelerator program by GP and gener8tor; SAVRpak produces non-woven airlaid sachets that remove excess moisture from the air inside food containers to extend shelf life of produce, keep hot food crispy
PR Newswire (10/28)

 Pet Care

Pet Care Products

Nestle Purina re-launches accelerator program Unleashed to drive growth of pet care businesses across the UK, Europe, Australia, New Zealand, Japan and the Middle East; chosen start-ups to be accelerated for 20 weeks, including funding up to £45,000
Contify Retail News (10/28)

 Non-Alcoholic Beverages

Drinking Water

Ardagh Metal Packaging cans for Radnor Hills’ Heartsease Farm sparkling pressés win Metal Pack of the Year at UK Packaging Awards 2022; the matte-finish cans feature a ‘duck at the gate’ design and an over-varnish that enhances the can with texture
Ardagh Metal Packaging SA (10/28)

Energy Drinks/Shots

UK-based artisanal gin maker Bullards wins legal battle against Red Bull, after energy drinks manufacturer claimed that the word 'bull' within Bullards could cause confusion
Evening Standard Ltd. (10/28)

Proposed legislation in Kyrgyzstan would ban the import, production, sale and sale of energy drinks in the country in order to reduce diseases arising from consumption of the beverages
Kyrgyz National News Agency (10/28)

Non-Alcoholic Beverages

FEMSA reports 20.5% year-over-year rise in total consolidated revenues, with total proximity revenues up 20.6%
Globe Newswire (10/28)

 Alcoholic Beverages


Diageo to lodge plans with Kildare County Council in Ireland for a new €200M brewery for a greenfield site at Littleconnell in Newbridge; new facility will brew lagers and ales and have a capacity of 2 million hectoliters
Irish Times (10/28)

Executive Perspective: Anheuser-Busch raises its yearly earnings guidance amid 'strong consumer demand' for company's drinks portfolio as well as a 'resilient' beer category, says CEO Michel Doukeris
City A.M. Ltd. (10/28)

Alcoholic Beverages

Diageo moves forward with sustainability projects in Central America and the Caribbean; projects include achieving zero waste to landfill throughout its supply chain by 2030, and achieving 100% recyclability of its packaging on a large scale
CE Noticias Financieras (10/28)

Executive Perspective: Demand for Carlsberg products remain strong across Europe despite the growing pressure on consumers' disposable income, says CEO Cees 't Hart
just-drinks.com (10/28)


Retail Food Packaging

Sweden-based green tech startup Bower's app enables consumers to get paid to recycle, helps recycle 2 million packages/month; Bower has 380,000 users, has sold service to about 130 brands with Dove, Capri-Sun, Hellmann's, Unilever, L’Oreal, P&G
Waste360 (10/28)

Graphic Packaging wins Package of the Year at North American Paperboard Packaging Competition for Mentos Gum Boardio, a paperboard bottle that replaces previous plastic tub; company also wins Innovation of the Year for Take Smart Fridge Beer Pack
Graphic Packaging Holding Co. (10/28)

Foodservice Packaging

India's Tamil Nadu Pollution Control Board plans to conduct intensive checks until end of year for effective implementation of the ban on single-use plastic, with a focus on street vendors, flower sellers, local markets, check posts, industries concerned
Hindu (India) (10/28)

Packaging Design

Impress Communications offers 360-degree packaging innovation services, including helping brands transition to sustainable solutions; Impress takes care of 'complete packaging process, so brands have full visibility and control of their vision,' says CEO
PR Newswire (10/28)

Paperboard Packaging Council announces winners of 79th annual North American Paperboard Packaging Competition; the folding cartons, rigid boxes represent some of the best paperboard packaging manufactured by North American converters over past year
WhatTheyThink (10/28)


Regenerative Agriculture

Kerry Group and Irish humanitarian organization Concern Worldwide announce four-year partnership that aims to improve the lives of 46,000 Kenyans by providing access to climate-smart agricultural practices
Fresh Plaza (10/28)

Nut Farming

China forecast to produce 1.4 million tonnes of walnuts during 2022-2023 agricultural year, accounting for over 50% of the world's output, according to USDA statistics; output up nearly 80% in the last decade due in part to a poverty-alleviation program
Fresh Plaza (10/28)


Indian government extends ban on sugar exports until the end of October 2023; restriction not applicable to sugar being exported to the US and EU
Xinhua News Agency (10/31)

Plant Extracts/Plant-Based

Asda introducing plant-based packaging for its own-brand tea bags; the new tea bags are made from PLA derived from corn starch, will replace non-renewable oil-based plastic bags
Asda Stores Ltd. (10/28)

Toray's Ultrasuede nonwoven receives Good Design Long Life Design Award by the Japan Institute of Design Promotion; Ultrasuede's advanced material is made from recycled polyester, plant-based polymers, can be used for apparel, auto interiors, furniture
Toray Industries Inc. (10/28)



Amazon's brick-and-mortar stores jump 10% in Q3 to US$4.69B from US$4.27B last year, achieving sixth straight quarter of double-digit sales gains; physical-store sales come mainly from Whole Foods, exclude online orders
Supermarket News (10/28)

Convenience Store

Forbes: line between convenience stores, QSRs has been 'blurring for years'; Bluedot survey finds almost 60% of consumers believe that c-stores are on par with QSRs, while NACS data shows foodservice accounted for 22.5% of in-store c-store sales in 2021
National Association of Convenience Stores (NACS) (10/28)

Club Store

BJ’s Wholesale Club to close on Thanksgiving Day in keeping with a now 16-year tradition; company will open at 8:00 a.m. on Black Friday, be closed on Christmas
BJ's Wholesale Club Holdings Inc. (10/28)

E-Commerce Trends & Statistics

Euromonitor: Trends shaping global business environment include tight labor market and robust rise in wages, wider work flexibility that allows companies to tap into global talent pool, rising gig economy, rapid expansion of e-commerce and digitalization
Euromonitor International Ltd. (10/28)

Study finds US retail sales excluding automotive increased 11% year-over-year in September, while e-commerce sales continue to grow, up 10.7%; however, results are not adjusted for inflation
Entertainment Close - Up (10/28)


Cloud delivery management company nShift partners with omni-channel commerce fulfillment company Blue Yonder to give its retail, manufacturing and logistics provider customers access to over 1,000 carriers; nShift boasts world's largest carrier library
APA-OTS (10/28)


Latest: Oct, 28 2022

Latest Value Prev Chg YOY Chg
Anheuser-Busch InBev NV (ABI) :EBR 50.00 47.23 5.86% 1.30%
Asahi Group Holdings Ltd. (25020) :TYO 4,157.00 4,139.00 0.43% -17.59%
Campbell Soup (CPB) 52.73 51.80 1.80% 31.20%
Coca-Cola Company (KO) 60.76 59.53 2.07% 8.42%
Conagra Foods (CAG) 36.64 35.78 2.40% 11.78%
Constellation Brands (STZ) 247.09 238.46 3.62% 13.99%
Danone SA (BN) :EPA 48.40 48.27 0.27% -13.35%
Diageo plc (DGE) :LON 3,522.00 3,581.50 -1.66% -2.53%
General Mills (GIS) 81.57 79.87 2.13% 31.48%
Heineken NV (HEIA) :AMS 83.28 83.42 -0.17% -10.84%
Hershey Company (HSY) 239.96 234.43 2.36% 33.76%
JBS SA (JBSS3) :BVMF 24.93 24.79 0.56% -33.56%
Kellogg Company (K) 76.79 75.27 2.02% 24.48%
Mondelez International Inc. (MDLZ) 61.70 60.31 2.30% 1.23%
Monster Beverage (MNST) 93.54 91.73 1.97% 10.18%
Nestle SA (NESN) :VTX 107.30 108.36 -0.98% -9.07%
Pepsico (PEP) 182.23 178.88 1.87% 12.75%
Pernod Ricard (RI) :EPA 175.60 176.30 -0.40% -11.98%
Suntory Holdings Ltd. (25870) :TYO 4,935.00 4,940.00 -0.10% 11.15%
The Kraft Heinz Co. (KHC) 38.94 38.02 2.42% 6.74%
Unilever plc (ULVR) :LON 3,865.00 3,869.00 -0.10% -0.72%