Ticker: Kraft debuts cheese-free mac-and-cheese; US economic growth revised to brisk 5.2%
Kraft Macaroni and… Fava Beans?
The Kraft Heinz Co. said it’s bringing dairy-free macaroni and cheese to the U.S. for the first time. The company said the new recipe has the same creamy texture and flavor of its beloved 85-year-old original Mac & Cheese but replaces dairy with ingredients like fava bean protein and coconut oil powder.
The plant-based Kraft NotMac & Cheese, which will be rolled out to U.S. stores over the next few months, was developed in collaboration with Not Co., a Chicago startup that makes plant-based milk, burgers and other products.
Kraft Heinz, which is based in Pittsburgh and Chicago, formed a joint venture with Not Co. last year. The joint venture, called The Kraft Heinz Not Co., has already released non-dairy cheese slices and mayonnaise in the U.S. It plans to add more products and begin international distribution next year.
Kraft Heinz began selling vegan macaroni and cheese in Australia in 2021, but this will be the first time it’s been sold in the U.S.
US economic growth revised to brisk 5.2%
Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported Wednesday in an upgrade from its previous estimate.
The government had previously estimated that the economy grew at a 4.9% annual rate last quarter.
Wednesday’s second estimate of growth for the July-September quarter confirmed that the economy sharply accelerated from its 2.1% rate from April through June. It showed that the U.S. gross domestic product — the total output of goods and services — grew at its fastest quarterly rate in nearly two years.