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Daily Insights and Food Industry News

#6 What is the importance of circular gastronomy in the food industry?

"Everybody is the main actor: restaurants, chefs, industries, producers, farmers, everyone! The world has already changed; it's up to us to catch up!" An enthusiast for circular gastronomy, Mauro Colagreco explains what it means and how it has vast benefits for the industry. In an exclusive interview with David Addison, the Michelin-starred chef and patron…

BUNGE AND BLENDTEK JOIN FORCES TO OFFER PLANT-BASED INGREDIENTS TO PET FOOD PRODUCERS

Two ingredients companies, Bunge and Blendtek, have formed a partnership that will focus on plant-based proteins that can be used in pet food.

AMERICAN FOODS GROUP PROMISES $1 BILLION IN ECONOMIC IMPACT WITH NEW BEEF FACILITY

American Foods Group is building a beef facility in Missouri which aims to bring $1 billion in economic impact and and an annual payroll of more than $80 million.

HEALTH REMAINS A KEY CONCERN OF CONSUMERS WHEN CHOOSING FOOD, SIAL INSIGHTS REPORT REVEALS

Health remains a key concern of consumers when they are deciding which foods to purchase, according to a major study carried out for SIAL Paris.

SAUDI ARABIA PUMPING €24.4 BILLION INTO FOOD AND AGRICULTURE IN BID TO BOOST PRODUCTION AND EXPORTS

Saudi Arabia is planning to invest heavily in its food and agricultural sectors, a senior official has said, with the aim of increasing domestic production and expanding exports.

WALMART INVESTS IN NEBRASKA-BASED SUSTAINABLE BEEF, WITH NEW PLANT PLANNED BY 2024

As part of plans to increase access to quality beef at affordable prices for customers, grocery giant Walmart has signed an agreement to acquire a minority stake in Sustainable Beef LLC, a rancher-owned company based in North Platte, Nebraska.

MEDICINAL MUSHROOMS MARKET SET TO BOOM BY 2025 SAYS NEW REPORT FROM TECHNAVIO

The medicinal mushrooms market is set to boom by $4.55 billion by 2025, according to new data from Technavio, as the food industry and consumers become increasingly aware of the health benefits and medicinal properties that fungi offers.

AQUACULTURE STEWARDSHIP COUNCIL SIGNS MEMORANDUM WITH JAPAN-BASED SEAFOOD LEGACY ORGANISATION

A memorandum of understanding has been signed between Seafood Legacy, a Japan-based social and environmental organisation, and the Aquaculture Stewardship Council, an independent organisation that focuses on sustainable aquaculture.

ENJOYMENT IS ONE OF THE FOOD INDUSTRY’S KEY INNOVATORS, NEW STUDY FOR SIAL REVEALS

Enjoyment is a key motivator and driver for innovation in the food industry, SIAL has found.

AUSTRALIAN GOAT MEAT SCORES OVER 50 IN STUDY, IMPLYING HIGH ACCEPTANCE

Consumer taste-test results show that Australian goat meat has a high acceptance among domestic consumers who scored it, on average, over 50 points, which is considered a good everyday product. This has flagged the meat’s potential for domestic consumption.

PERNOD RICARD SETS NEW RECORD WITH OVER €10 BILLION IN ANNUAL SALES

The world’s second biggest producer of wines and spirits, Pernod Ricard, generated record sales of €10.7 billion in its fiscal year 2022, ending in June, with all regions contributing to growth.

WHY FOOD PRICES IN FIJI ARE DECREASING DESPITE STEEP WORLDWIDE INFLATION

A new report from the Fijian Competition and Consumer Commission has shown that food prices in Fiji are decreasing, with a number of contributing factors.

SIAL FINDS BIG CHANGES IN CONSUMER ATTITUDES TO FOOD IN THE POST-COVID WORLD

Consumers are thinking hard about what they eat and are making choices that they believe will help to make the world a better place, research carried out for SIAL has found.
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