The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Kraft Heinz has reported a 10% increase in fourth-quarter net sales to $7.38bn, rounding off an “incredible year” for the company.

The Coca-Cola Company has posted an 11% rise in full-year net revenue to $43bn, driven by higher prices and concentrate sales.

ADM has posted Q4 results highlighting strong export volumes for soybean meal and crop demand, which led to a profitable quarter for the US grains merchant.

Kerry is set to sell the trade and assets of its sweet ingredients portfolio to US private equity firm Advent International for a consideration of €500m.

EvodiaBio has raised $6.4m in its latest capital raise, in a bid to become a leader in sustainable aroma production in the food and beverage industry.

Carlsberg has agreed to acquire Canada's Waterloo Brewing for a total equity value of around CAD 144m (approx. $106m) in cash.

Asahi Group Holdings has established an investment management company, Asahi Group Beverages & Innovation, in San Francisco, US.

Indian craft beer maker, Bira 91, which is owned by B9 Beverages, has raised $70 million in a funding round led by Japanese beer company Kirin Holdings.

The company secured £11m, which will be used to accelerate its mission to become a leading provider of animal cell lines for cell-based meat production.

AgroSpheres, a company developing the next generation of environmentally-friendly crop protection products, has raised £22m in a Series B funding round.

In addition to the investment, Mondelēz is calling for sector-wide collaboration to help address current environmental and social challenges.

PepsiCo has posted an 8.8% net revenue growth in its third-quarter results for 2022, and now expects its full-year organic revenue to increase by 12%.