Ocean Spray's Ingredient Technology Group has formulated a lower cost sweetened dried cranberry (SDC) product to meet demand for cost-effective and value-added ingredients in the face of rising commodity prices.
Acquisition hungry food firms with a strong capital structure can benefit from acquisition opportunities thrown up by the economic turmoil, says an analyst – a view shared by Israel’s Frutarom, which last week reported a record year of profits following...
Cutting costs is the top priority in 2009 for food and beverage companies, according to a report from Deloitte which outlines strategies companies can adopt to stay ahead in challenging economic times.
Reb A producer PureCircle has reported a net profit increase of 75 per cent for the first half of 2009 after securing major contracts with companies including PepsiCo, Whole Earth and Cargill ahead of regulatory clearance in key markets.
Food reformulation is expected to gather pace as the credit crunch hits home, predicts Reading Scientific Services (RSSL), which has seen an increase in enquires from customers seeking cheaper alternatives to costly inputs.