Kraft Heinz-backed New Culture eyes 2022 launch.

Startup produces cheese alternatives formulated with imperfect cauliflower and hemp seeds.

Executives pleased with top-line performance despite declines in earnings, sales.

Acquisition is a strategic shift for Savencia.

Company plans to introduce its second food brand soon.

The packaging and processing industry in the United States had grown 14.4% in 2020, much of it driven by food and beverage.

USDA describes steps to end hunger.

Will invest in early-stage plant-based, cultivated meat and dairy makers.

Company spends $118 million to acquire Carolina Aseptic and Carolina Dairy.

The key now is determining what new consumer trends and behaviors are here to stay.