Organic Food

India Cheese Market Report 2024-2032 with Competitive Analysis of GCMMF, Parag Milk Foods, Britannia, and Mother Dairy - ResearchAndMarkets.com

Retrieved on: 
Friday, March 8, 2024

The "Cheese Market in India Report by Type, Format, Application, Retail/Institutional, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Cheese Market in India Report by Type, Format, Application, Retail/Institutional, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
  • India is currently the world's largest producer of milk owing to which the cheese market holds significant growth potential.
  • The cheese market in India is highly concentrated in nature with the presence of only a few large manufacturers, such as GCMMF, Parag Milk Foods, Britannia and Mother Dairy.
  • What are the key regions in the cheese market in India?

Whole Foods Market Accepting Applications for its 2024 Local and Emerging Accelerator Program

Retrieved on: 
Thursday, March 7, 2024

Whole Foods Market opened the application process for its 2024 Local and Emerging Accelerator Program (LEAP) today, seeking 10 innovative food brands not yet sold in Whole Foods Market stores to join the program’s Early Growth cohort.

Key Points: 
  • Whole Foods Market opened the application process for its 2024 Local and Emerging Accelerator Program (LEAP) today, seeking 10 innovative food brands not yet sold in Whole Foods Market stores to join the program’s Early Growth cohort.
  • View the full release here: https://www.businesswire.com/news/home/20240307265250/en/
    Whole Foods Market opened the application process for its 2024 Local and Emerging Accelerator Program (LEAP) today, seeking 10 innovative food brands not yet sold in Whole Foods Market stores to join the program’s Early Growth cohort.
  • “Whole Foods Market deeply values the connections to local and emerging brands, enriched by the LEAP program,” said Alyssa Vescio, Senior Vice President of Merchandising at Whole Foods Market.
  • On the Verge participants have officially been selected for 2024 after being nominated by Whole Foods Market Merchants and Foragers.

United Natural Foods, Inc. Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, March 6, 2024

Gross profit in the second quarter of fiscal 2024 was $1.0 billion, a decrease of $34 million, or 3.2%, compared to the second quarter of fiscal 2023.

Key Points: 
  • Gross profit in the second quarter of fiscal 2024 was $1.0 billion, a decrease of $34 million, or 3.2%, compared to the second quarter of fiscal 2023.
  • Operating expenses in the second quarter of fiscal 2024 were $1,010 million compared to $1,002 million in the second quarter of fiscal 2023.
  • Adjusted EPS was $0.07 for the second quarter of fiscal 2024 compared to $0.78 in the second quarter of fiscal 2023.
  • Adjusted EBITDA for the second quarter of fiscal 2024 was $128 million compared to $181 million for the second quarter of fiscal 2023.

ReposiTrak Adds 10 New Produce Suppliers to Its Rapidly Expanding Food Traceability Network

Retrieved on: 
Tuesday, March 5, 2024

ReposiTrak (NYSE:TRAK), the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, today announced the addition of ten produce companies to the ReposiTrak Traceability Network® (RTN).

Key Points: 
  • ReposiTrak (NYSE:TRAK), the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, today announced the addition of ten produce companies to the ReposiTrak Traceability Network® (RTN).
  • The largest distributor of specialty produce in the United States, based in Calif.
    A Fla.-based shipper of Athena cantaloupe, specializing in eastern-grown produce
    "We're excited to add diverse produce companies to the ReposiTrak Traceability Network," stated Randy Fields, Chairman and CEO of ReposiTrak.
  • "They're in the queue to exchange food traceability data with retail and wholesale customers, complying with the FDA's FSMA 204 law."
  • The ReposiTrak Traceability Network requires no additional hardware or software and the ReposiTrak team assists in making the connections needed under the new regulation.

The World does not yet Know the Power of Natto: “Natto Power - Japanese Fermented Food Natto, the key to Better Living -”

Retrieved on: 
Thursday, March 7, 2024

The Japan natto cooperative society federation (Arakawa-ku, Tokyo; President: Yoshihiro Noro; “JNCSF”) has added new content to and powered up “Natto Power - Japanese Fermented Food Natto, the key to Better Living -,” the official website that opened last March dedicated to the explanation of the traditional Japanese health food, natto.

Key Points: 
  • The Japan natto cooperative society federation (Arakawa-ku, Tokyo; President: Yoshihiro Noro; “JNCSF”) has added new content to and powered up “Natto Power - Japanese Fermented Food Natto, the key to Better Living -,” the official website that opened last March dedicated to the explanation of the traditional Japanese health food, natto.
  • • Official “Natto Power” English website URL:
    Various research institutions have recently made it known that improvement in gut health holds a significant role in promoting health.
  • It has also been discovered that various beneficial bacteria improve gut health, with researchers demonstrating the incredible power of that traditional Japanese food, natto.
  • However, the world does not yet know the power of natto.

Whole Foods Market to Open Smaller Format Stores as Part of Ongoing Expansion

Retrieved on: 
Monday, March 4, 2024

The new format, called Whole Foods Market Daily Shop, will initially launch on the Upper East Side in Manhattan with additional locations in New York City to follow.

Key Points: 
  • The new format, called Whole Foods Market Daily Shop, will initially launch on the Upper East Side in Manhattan with additional locations in New York City to follow.
  • Following the New York City launch, Whole Foods Market plans to bring the format to other cities across the country.
  • “Expanding our footprint with Whole Foods Market Daily Shop is key to our growth, fostering deeper customer connections, and advancing our purpose to nourish people and the planet.”
    The new format stores will not replace the traditional Whole Foods Market store format.
  • Whole Foods Market currently has more than 530 stores in the U.S., U.K. and Canada with more than 75 stores in the pipeline.

Dole plc Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

In particular, in the fourth quarter, we benefited from a strong seasonal working capital inflow.

Key Points: 
  • In particular, in the fourth quarter, we benefited from a strong seasonal working capital inflow.
  • Given our strong 2023 overperformance, our target at this early stage of the year is to deliver full year Adjusted EBITDA in line with 2023 on a like-for-like basis.
  • On February 28, 2024, the Board of Directors of Dole plc declared a cash dividend for the fourth quarter of 2023 of $0.08 per share, payable on April 4, 2024 to shareholders of record on March 21, 2024.
  • A cash dividend of $0.08 per share was paid on January 4, 2024 for the third quarter of 2023.

Straus Family Creamery Advances Carbon Neutral Goals with New Organic Dairy Sustainability Incentive Program

Retrieved on: 
Thursday, February 29, 2024

“We could not execute this program and our 2030 net carbon neutral goal without the mutual collaboration and innovation of our entire network of organic dairy farms.

Key Points: 
  • “We could not execute this program and our 2030 net carbon neutral goal without the mutual collaboration and innovation of our entire network of organic dairy farms.
  • These farms are key stakeholders in helping us advance a sustainable organic dairy farm model and a more resilient food system,” said Joseph Button, Vice President of Sustainability and Strategic Impact.
  • Yet, at this time when dairy farms nationwide continue to collapse, Straus Family Creamery continues to employ practices that reduce climate impact while simultaneously helping uphold the economic viability of sustainable organic dairy farming.
  • With Founder Albert Straus’ own Straus Dairy Farm as a model, Straus Family Creamery continues to lead by example, inspiring a new era of sustainable organic dairy farming.

SunOpta Announces Fourth Quarter and Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced financial results for the fourth quarter and fiscal year ended December 30, 2023.

Key Points: 
  • SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced financial results for the fourth quarter and fiscal year ended December 30, 2023.
  • Adjusted gross margin1 was 17.3% for the fourth quarter of 2023 compared to 17.8% in the fourth quarter of 2022.
  • Operating income was $5.1 million, or 2.8% of revenues in the fourth quarter of 2023, compared to operating income of $3.4 million, or 2.1% of revenues in the fourth quarter of 2022.
  • During the fourth quarter of 2023, cash provided by operating activities of continuing operations was $12.0 million compared to $7.3 million during the fourth quarter of 2022.

Carob Extract Market Report 2024: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts to 2031 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 28, 2024

Notably, Carob Extract in gum form is anticipated to lead revenue generation, boasting a CAGR of over 5.8% during the same timeframe.

Key Points: 
  • Notably, Carob Extract in gum form is anticipated to lead revenue generation, boasting a CAGR of over 5.8% during the same timeframe.
  • Europe emerges as a significant market for Carob Extract, with a market size of US$ 95 Million in 2024 and expected to reach US$ 150 Million by 2031.
  • Key players in the Carob Extract Market include Altrafine Gums, Savvy Foods, DuPont, Carob S.A, Stavros Parpis Foods Ltd., Carob World, AEP Colloids, Australian Carobs Co., Tate and Lyle, and Cargill Pvt.
  • Rising Global Production: Global carob production has seen consistent growth since 2006, contributing to price stabilization and encouraging manufacturers to produce more carob extract.