Category: Data Insights
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Plant-based foods are hotter than a sizzling heme burger. According to data commissioned from the Plant Based Food Association (PBFA) and the Good Food Institute (GFI) released yesterday, the market for plant-based foods is now worth $5 billion in the U.S. (h/t Supermarket News) The data, which was commissioned from wellness-focused data company SPINS, found…
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Global venture capital fund AgFunder today released its 2019 Agri-FoodTech Investing Report, which gives a birds-eye view of the investment landscape in agriculture and foodtech (also known as agri-foodtech) companies over the past year. Overall, it was a pretty fortuitous year for startups in the space. According to AgFunder’s report, agri-foodtech companies raised a total…
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A newly released report from Nielsen and the Food Marketing Institute (FMI) saying that online sales of food and beverages will reach $143 billion by 2025 (hat tip to Grocery Dive). Nielsen and FMI also said that this $143 billion will represent 30 percent of all omnichannel food and beverage sales. What’s notable about these…
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If Thanksgiving leftovers aren’t your thing, consider entering McDonald’s latest contest, which gives Twitter users the chance to win free late-night food for an entire year from Uber Eats. The contest runs from today (November 27) through Cyber Monday (December 2), according to a McDonald’s press release. To enter it, fans must tweet two menu…
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A topic I’ve touched on a lot lately is that while online grocery shopping is currently a small sliver of the overall grocery shopping pie, it’s growing. According to a new survey from facilities management platform ServiceChannel (h/t Grocery Dive), the holidays could provide a shot in the arm for that online grocery delivery growth. From…
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This is a guest post written by Brita Rosenheim, Partner at Better Food Ventures. This Food Tech Industry Landscape and state-of-the-industry analysis are intended to help operators, entrepreneurs and investors in the food system to understand the quickly evolving themes and trends currently impacting the food tech industry. You can meet Brita at Smart Kitchen…
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Tastewise, a startup that uses data and AI to help CPG companies gain deeper insights into food trends, announced today it has raised a $5 million Series A round led by food tech investment firm PeakBridge. The round brings Tastewise’s total funding to $6.5 million. The Tastewise platform, which launched in February of this year,…
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Another study shows that while online shopping remains a small percentage of overall grocery shopping in the U.S., it is growing. According to analysis released yesterday by Brick Meets Clicks, in 2019 online grocery sales have grown 15 percent year-over-year and now represent 6.3 percent of total grocery-related spending by US households (h/t Food Dive).…
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A survey out from Gallup last week showed that the vast majority of Americans are not shopping for groceries online. According to Gallup, “Eighty-one percent of Americans say they never order groceries online, while 11% say they do so at least once a month.” Gallup posited the following explanation for American hesitancy when it comes…
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Greetings from the South, ground zero for sweet tea, land of unrelenting humidity, future home of a massive new vertical farming operation. This week, an Orlando, FL-based company called Kalera (formerly Eco Convergence Group), announced that it has broken ground on a semi-autonomous vertical farming facility that will produce 5 million heads of lettuce each year,…
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Summer may be waning, but there are still a few hot days left before we put away our white pants and break out the sweaters. And while the sun is still out, you’ll want to down a frosty beverage, not some tepid libation. To help make sure your drinks are at their optimal cold temperature…
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Furthering its seeming aim to reach across the whole of the restaurant business, OpenTable announced this week a partnership with Berlin, Germany-based restaurant reservations platform Quandoo. The integration of the two systems will allow users to see more choices when it comes to picking a restaurant. Quandoo users can now reserve tables at restaurants on…
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