This Week In Food: COVID dining, vegan launches & big acquisitions

This Week In Food: COVID dining, vegan launches & big acquisitions

By
Nicola Spalding
November 6, 2020

With lockdowns, unclear business support, and a hectic news cycle - it's understandable some of us might feel a bit anxious or generally a bit down this week.

In times like this, a simple chat with like-minded entrepreneurs can make the difference between a good or bad day. At FoodHack, we want to continue to connect you to the relevant people you need to grow your business - even despite the circumstances.

So whether that's by joining an upcoming online meetup, connecting with your local chapter, or reaching out to our team - please feel free to make use of our resources during this time.

Subscribe to This Week In Food:

Weekly Digest

  • 🇨🇭Together with Daniel of FoodTech Weekly we released '10 Swiss FoodTech Startups To Watch'. Find our 10 picks here and an additional 40+ here.
  • 🔥 A lot of action on the Discovery board this week, find out which 3 startups came on top - from functional gum to Swedish tempeh.
  • 🤚 Can't touch this: This week on Foodhack+ we’re touching on contactless tech. In a socially distanced world, contact-free innovation is key for all types of food businesses, which is why investment in food and restaurant technology has been one of the few areas that has seen growth in a difficult year for the global economy.
  • 🍕🥓 Hoping our US readers voted this week! Let us know if you spotted Pizza to the Polls bringing snacks to those waiting in line at the ballot boxes. And how about this viral ad made by plant-based startup This which claims that Trump sees vegan bacon as the ‘enemy of the people’.

    🍴COVID-Dining:
  • At a time when there are claims that the ‘old restaurant model is dead’, it comes as no surprise that Nestlé has purchased prepared meal delivery service Freshly, in a deal that values Freshly at $950M. The company is currently delivering ‘well over one million’ meals every week, as at home dining becomes ever more popular (and frequently the only option).
  • It’s a time when many restaurants are seriously struggling but, as Burger King did this week, it never hurts to boost the competition and get people talking.
  • Another side effect of being at home all the time is that consumers are baking more frequently, so consequently, butter sales are up.
  • It’s not just restaurants temporarily or permanently closing their doors at the moment, bars are in the same boat, so consumers are looking for convenient at-home drinking solutions. Behold the Bacardi Twistails pods, filled with Bacardi rum and natural flavours, to allow consumers to make ‘bar-perfect’ cocktails at home.

    🌱 Plant-based acceleration:
  • There has been a lot of research on the demand for plant-based products recently, and the findings are astounding. Berlin-based Veganz’ European Food Report states that soon less than 42% of Europeans will consume meat or dairy, as more and more people reduce their intake.
  • 🤷 There have been a bunch of issues recently around the naming of plant-based foods. Plus, some consumers get worked up about ‘clean labelling’ and the perception that plant-based products may be ‘heavily processed’, though we can’t really see how some traditional products are any less processed, and all of this discussion just gets in the way of the real issue: creating a sustainable food system, in which plant-based products undoubtedly play a big role.

    🚜
    Best known for frozen peas, the UK’s Bird’s Eye has announced its plans for an environmental project to improve its farmers’ soil quality and significantly reduce greenhouse gas emissions.

    💦
    Researchers at the University of Texas are developing self-watering soil made with hydrogels to help manage soil water levels in periods of drought, which are becoming more frequent and severe.

    ♻️
    Plastic reduction is a key concern, and some brands are taking it even further. Plant-based meat company No Evil Foods just became the world’s first plastic-negative vegan meat brand, which means that for every pound of plastic they generate from their packaging materials, they will fund the recovery and recycling of two pounds of plastic waste. Perhaps other brands should take note...

    📉 What’s down:
    Danone may axe up to 30% of its SKUs as part of it’s post-COVID recovery plan, as a huge drop in out-of-home consumption spelled bad news for its bottled waters division, alongside a reduction in specialised nutrition sales and infant formula.

    📈 What’s up:
    But it’s not all bad news, as the French giant’s ‘essential dairy & plant-based’ category saw its second-best quarter since it was formed in 2017.

    💰Big acquisitions:

  • Dr Oetker is taking over German drinks delivery firm Message in a Bottle at an alleged cost of €1Bn. Users of the app can have drinks delivered within two hours, and coronavirus restrictions have really boosted business as many consumers have shifted to at-home drinking. French retail giant
  • Carrefour is acquiring organic chain Bio c’ Bon in a bid to boost its position in the French organic market.
  • Delivery startup GoPuff is acquiring booze retailer BevMo for $350M, to get access to its customer base and to use its buildings as fulfilment centers for wine and baby bottles, which are the two things almost every new parent needs.
  • Canadian cannabis company Aphria is expanding into the US through its $300M acquisition of craft brewer SweetWater Brewing Company. With the news that five US states voted to legalize marijuana, it’s clear that the trend is gathering momentum in the country, so this is a smart move.
  • The US’s largest private label manufacturer TreeHouse is buying a majority stake in US branded pasta maker Riviera Foods for $242.5M; its first acquisition in after years of cost-cutting and restructuring.


Subscribe to This Week In Food:

Written by
Nicola Spalding

Nicola is a trends analyst and content writer based in West Yorkshire. She has ten years' experience in UK and international retail, including a stint as a trend and innovation specialist for Morrisons supermarkets. A born foodie who loves words, it made sense for her to start writing about all the exciting things happening in food.

Become a FoodHack+ member to get unlimited access

  • Access premium publications
  • Get listed on our directory
  • Join a Global Community

With lockdowns, unclear business support, and a hectic news cycle - it's understandable some of us might feel a bit anxious or generally a bit down this week.

In times like this, a simple chat with like-minded entrepreneurs can make the difference between a good or bad day. At FoodHack, we want to continue to connect you to the relevant people you need to grow your business - even despite the circumstances.

So whether that's by joining an upcoming online meetup, connecting with your local chapter, or reaching out to our team - please feel free to make use of our resources during this time.

Subscribe to This Week In Food:

Weekly Digest

  • 🇨🇭Together with Daniel of FoodTech Weekly we released '10 Swiss FoodTech Startups To Watch'. Find our 10 picks here and an additional 40+ here.
  • 🔥 A lot of action on the Discovery board this week, find out which 3 startups came on top - from functional gum to Swedish tempeh.
  • 🤚 Can't touch this: This week on Foodhack+ we’re touching on contactless tech. In a socially distanced world, contact-free innovation is key for all types of food businesses, which is why investment in food and restaurant technology has been one of the few areas that has seen growth in a difficult year for the global economy.
  • 🍕🥓 Hoping our US readers voted this week! Let us know if you spotted Pizza to the Polls bringing snacks to those waiting in line at the ballot boxes. And how about this viral ad made by plant-based startup This which claims that Trump sees vegan bacon as the ‘enemy of the people’.

    🍴COVID-Dining:
  • At a time when there are claims that the ‘old restaurant model is dead’, it comes as no surprise that Nestlé has purchased prepared meal delivery service Freshly, in a deal that values Freshly at $950M. The company is currently delivering ‘well over one million’ meals every week, as at home dining becomes ever more popular (and frequently the only option).
  • It’s a time when many restaurants are seriously struggling but, as Burger King did this week, it never hurts to boost the competition and get people talking.
  • Another side effect of being at home all the time is that consumers are baking more frequently, so consequently, butter sales are up.
  • It’s not just restaurants temporarily or permanently closing their doors at the moment, bars are in the same boat, so consumers are looking for convenient at-home drinking solutions. Behold the Bacardi Twistails pods, filled with Bacardi rum and natural flavours, to allow consumers to make ‘bar-perfect’ cocktails at home.

    🌱 Plant-based acceleration:
  • There has been a lot of research on the demand for plant-based products recently, and the findings are astounding. Berlin-based Veganz’ European Food Report states that soon less than 42% of Europeans will consume meat or dairy, as more and more people reduce their intake.
  • 🤷 There have been a bunch of issues recently around the naming of plant-based foods. Plus, some consumers get worked up about ‘clean labelling’ and the perception that plant-based products may be ‘heavily processed’, though we can’t really see how some traditional products are any less processed, and all of this discussion just gets in the way of the real issue: creating a sustainable food system, in which plant-based products undoubtedly play a big role.

    🚜
    Best known for frozen peas, the UK’s Bird’s Eye has announced its plans for an environmental project to improve its farmers’ soil quality and significantly reduce greenhouse gas emissions.

    💦
    Researchers at the University of Texas are developing self-watering soil made with hydrogels to help manage soil water levels in periods of drought, which are becoming more frequent and severe.

    ♻️
    Plastic reduction is a key concern, and some brands are taking it even further. Plant-based meat company No Evil Foods just became the world’s first plastic-negative vegan meat brand, which means that for every pound of plastic they generate from their packaging materials, they will fund the recovery and recycling of two pounds of plastic waste. Perhaps other brands should take note...

    📉 What’s down:
    Danone may axe up to 30% of its SKUs as part of it’s post-COVID recovery plan, as a huge drop in out-of-home consumption spelled bad news for its bottled waters division, alongside a reduction in specialised nutrition sales and infant formula.

    📈 What’s up:
    But it’s not all bad news, as the French giant’s ‘essential dairy & plant-based’ category saw its second-best quarter since it was formed in 2017.

    💰Big acquisitions:

  • Dr Oetker is taking over German drinks delivery firm Message in a Bottle at an alleged cost of €1Bn. Users of the app can have drinks delivered within two hours, and coronavirus restrictions have really boosted business as many consumers have shifted to at-home drinking. French retail giant
  • Carrefour is acquiring organic chain Bio c’ Bon in a bid to boost its position in the French organic market.
  • Delivery startup GoPuff is acquiring booze retailer BevMo for $350M, to get access to its customer base and to use its buildings as fulfilment centers for wine and baby bottles, which are the two things almost every new parent needs.
  • Canadian cannabis company Aphria is expanding into the US through its $300M acquisition of craft brewer SweetWater Brewing Company. With the news that five US states voted to legalize marijuana, it’s clear that the trend is gathering momentum in the country, so this is a smart move.
  • The US’s largest private label manufacturer TreeHouse is buying a majority stake in US branded pasta maker Riviera Foods for $242.5M; its first acquisition in after years of cost-cutting and restructuring.


Subscribe to This Week In Food:

Become a FoodHack+ member to get unlimited access

  • Access premium publications
  • Get listed on our directory
  • Join a Global Community
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With lockdowns, unclear business support, and a hectic news cycle - it's understandable some of us might feel a bit anxious or generally a bit down this week.

In times like this, a simple chat with like-minded entrepreneurs can make the difference between a good or bad day. At FoodHack, we want to continue to connect you to the relevant people you need to grow your business - even despite the circumstances.

So whether that's by joining an upcoming online meetup, connecting with your local chapter, or reaching out to our team - please feel free to make use of our resources during this time.

Subscribe to This Week In Food:

Weekly Digest

  • 🇨🇭Together with Daniel of FoodTech Weekly we released '10 Swiss FoodTech Startups To Watch'. Find our 10 picks here and an additional 40+ here.
  • 🔥 A lot of action on the Discovery board this week, find out which 3 startups came on top - from functional gum to Swedish tempeh.
  • 🤚 Can't touch this: This week on Foodhack+ we’re touching on contactless tech. In a socially distanced world, contact-free innovation is key for all types of food businesses, which is why investment in food and restaurant technology has been one of the few areas that has seen growth in a difficult year for the global economy.
  • 🍕🥓 Hoping our US readers voted this week! Let us know if you spotted Pizza to the Polls bringing snacks to those waiting in line at the ballot boxes. And how about this viral ad made by plant-based startup This which claims that Trump sees vegan bacon as the ‘enemy of the people’.

    🍴COVID-Dining:
  • At a time when there are claims that the ‘old restaurant model is dead’, it comes as no surprise that Nestlé has purchased prepared meal delivery service Freshly, in a deal that values Freshly at $950M. The company is currently delivering ‘well over one million’ meals every week, as at home dining becomes ever more popular (and frequently the only option).
  • It’s a time when many restaurants are seriously struggling but, as Burger King did this week, it never hurts to boost the competition and get people talking.
  • Another side effect of being at home all the time is that consumers are baking more frequently, so consequently, butter sales are up.
  • It’s not just restaurants temporarily or permanently closing their doors at the moment, bars are in the same boat, so consumers are looking for convenient at-home drinking solutions. Behold the Bacardi Twistails pods, filled with Bacardi rum and natural flavours, to allow consumers to make ‘bar-perfect’ cocktails at home.

    🌱 Plant-based acceleration:
  • There has been a lot of research on the demand for plant-based products recently, and the findings are astounding. Berlin-based Veganz’ European Food Report states that soon less than 42% of Europeans will consume meat or dairy, as more and more people reduce their intake.
  • 🤷 There have been a bunch of issues recently around the naming of plant-based foods. Plus, some consumers get worked up about ‘clean labelling’ and the perception that plant-based products may be ‘heavily processed’, though we can’t really see how some traditional products are any less processed, and all of this discussion just gets in the way of the real issue: creating a sustainable food system, in which plant-based products undoubtedly play a big role.

    🚜
    Best known for frozen peas, the UK’s Bird’s Eye has announced its plans for an environmental project to improve its farmers’ soil quality and significantly reduce greenhouse gas emissions.

    💦
    Researchers at the University of Texas are developing self-watering soil made with hydrogels to help manage soil water levels in periods of drought, which are becoming more frequent and severe.

    ♻️
    Plastic reduction is a key concern, and some brands are taking it even further. Plant-based meat company No Evil Foods just became the world’s first plastic-negative vegan meat brand, which means that for every pound of plastic they generate from their packaging materials, they will fund the recovery and recycling of two pounds of plastic waste. Perhaps other brands should take note...

    📉 What’s down:
    Danone may axe up to 30% of its SKUs as part of it’s post-COVID recovery plan, as a huge drop in out-of-home consumption spelled bad news for its bottled waters division, alongside a reduction in specialised nutrition sales and infant formula.

    📈 What’s up:
    But it’s not all bad news, as the French giant’s ‘essential dairy & plant-based’ category saw its second-best quarter since it was formed in 2017.

    💰Big acquisitions:

  • Dr Oetker is taking over German drinks delivery firm Message in a Bottle at an alleged cost of €1Bn. Users of the app can have drinks delivered within two hours, and coronavirus restrictions have really boosted business as many consumers have shifted to at-home drinking. French retail giant
  • Carrefour is acquiring organic chain Bio c’ Bon in a bid to boost its position in the French organic market.
  • Delivery startup GoPuff is acquiring booze retailer BevMo for $350M, to get access to its customer base and to use its buildings as fulfilment centers for wine and baby bottles, which are the two things almost every new parent needs.
  • Canadian cannabis company Aphria is expanding into the US through its $300M acquisition of craft brewer SweetWater Brewing Company. With the news that five US states voted to legalize marijuana, it’s clear that the trend is gathering momentum in the country, so this is a smart move.
  • The US’s largest private label manufacturer TreeHouse is buying a majority stake in US branded pasta maker Riviera Foods for $242.5M; its first acquisition in after years of cost-cutting and restructuring.


Subscribe to This Week In Food:

With lockdowns, unclear business support, and a hectic news cycle - it's understandable some of us might feel a bit anxious or generally a bit down this week.

In times like this, a simple chat with like-minded entrepreneurs can make the difference between a good or bad day. At FoodHack, we want to continue to connect you to the relevant people you need to grow your business - even despite the circumstances.

So whether that's by joining an upcoming online meetup, connecting with your local chapter, or reaching out to our team - please feel free to make use of our resources during this time.

Subscribe to This Week In Food:

Weekly Digest

  • 🇨🇭Together with Daniel of FoodTech Weekly we released '10 Swiss FoodTech Startups To Watch'. Find our 10 picks here and an additional 40+ here.
  • 🔥 A lot of action on the Discovery board this week, find out which 3 startups came on top - from functional gum to Swedish tempeh.
  • 🤚 Can't touch this: This week on Foodhack+ we’re touching on contactless tech. In a socially distanced world, contact-free innovation is key for all types of food businesses, which is why investment in food and restaurant technology has been one of the few areas that has seen growth in a difficult year for the global economy.
  • 🍕🥓 Hoping our US readers voted this week! Let us know if you spotted Pizza to the Polls bringing snacks to those waiting in line at the ballot boxes. And how about this viral ad made by plant-based startup This which claims that Trump sees vegan bacon as the ‘enemy of the people’.

    🍴COVID-Dining:
  • At a time when there are claims that the ‘old restaurant model is dead’, it comes as no surprise that Nestlé has purchased prepared meal delivery service Freshly, in a deal that values Freshly at $950M. The company is currently delivering ‘well over one million’ meals every week, as at home dining becomes ever more popular (and frequently the only option).
  • It’s a time when many restaurants are seriously struggling but, as Burger King did this week, it never hurts to boost the competition and get people talking.
  • Another side effect of being at home all the time is that consumers are baking more frequently, so consequently, butter sales are up.
  • It’s not just restaurants temporarily or permanently closing their doors at the moment, bars are in the same boat, so consumers are looking for convenient at-home drinking solutions. Behold the Bacardi Twistails pods, filled with Bacardi rum and natural flavours, to allow consumers to make ‘bar-perfect’ cocktails at home.

    🌱 Plant-based acceleration:
  • There has been a lot of research on the demand for plant-based products recently, and the findings are astounding. Berlin-based Veganz’ European Food Report states that soon less than 42% of Europeans will consume meat or dairy, as more and more people reduce their intake.
  • 🤷 There have been a bunch of issues recently around the naming of plant-based foods. Plus, some consumers get worked up about ‘clean labelling’ and the perception that plant-based products may be ‘heavily processed’, though we can’t really see how some traditional products are any less processed, and all of this discussion just gets in the way of the real issue: creating a sustainable food system, in which plant-based products undoubtedly play a big role.

    🚜
    Best known for frozen peas, the UK’s Bird’s Eye has announced its plans for an environmental project to improve its farmers’ soil quality and significantly reduce greenhouse gas emissions.

    💦
    Researchers at the University of Texas are developing self-watering soil made with hydrogels to help manage soil water levels in periods of drought, which are becoming more frequent and severe.

    ♻️
    Plastic reduction is a key concern, and some brands are taking it even further. Plant-based meat company No Evil Foods just became the world’s first plastic-negative vegan meat brand, which means that for every pound of plastic they generate from their packaging materials, they will fund the recovery and recycling of two pounds of plastic waste. Perhaps other brands should take note...

    📉 What’s down:
    Danone may axe up to 30% of its SKUs as part of it’s post-COVID recovery plan, as a huge drop in out-of-home consumption spelled bad news for its bottled waters division, alongside a reduction in specialised nutrition sales and infant formula.

    📈 What’s up:
    But it’s not all bad news, as the French giant’s ‘essential dairy & plant-based’ category saw its second-best quarter since it was formed in 2017.

    💰Big acquisitions:

  • Dr Oetker is taking over German drinks delivery firm Message in a Bottle at an alleged cost of €1Bn. Users of the app can have drinks delivered within two hours, and coronavirus restrictions have really boosted business as many consumers have shifted to at-home drinking. French retail giant
  • Carrefour is acquiring organic chain Bio c’ Bon in a bid to boost its position in the French organic market.
  • Delivery startup GoPuff is acquiring booze retailer BevMo for $350M, to get access to its customer base and to use its buildings as fulfilment centers for wine and baby bottles, which are the two things almost every new parent needs.
  • Canadian cannabis company Aphria is expanding into the US through its $300M acquisition of craft brewer SweetWater Brewing Company. With the news that five US states voted to legalize marijuana, it’s clear that the trend is gathering momentum in the country, so this is a smart move.
  • The US’s largest private label manufacturer TreeHouse is buying a majority stake in US branded pasta maker Riviera Foods for $242.5M; its first acquisition in after years of cost-cutting and restructuring.


Subscribe to This Week In Food: