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Daily Insights and Food Industry News

SIAL Paris 2024 to celebrate its 60th anniversary

SIAL Paris promises an exceptional edition in 2024 as the world's largest trade show in the food industry celebrates its 60th anniversary. There will be lots of surprises in store for visitors! Poster of the inaugural international food show (Photo: www.sialparis.com/en/the-show/our-story) It was a major event in 1964: the first Salon International de l'Alimentation (International…

OATBOX RAISES $5.4 MILLION TO BOOST EXPANSION PLANS

Montreal-based Oatbox, a producer of Canadian organic oat products, has raised C$7 million (€5.33 million) from strategic investors to accelerate growth and drive the production of Canadian organic oat milk.

CO-OP SUPERMARKET INTRODUCES NEW ‘FREEZE ME’ LABELS TO HELP TACKLE £150M ANNUAL WASTE

Co-op, the British supermarket chain, is introducing a new product labelling system that advise shoppers which dairy products can be put in the freezer after new research revealed more than £150 million worth of milk is wasted each year in the United Kingdom alone. Co-op is introducing a 'freeze me' message to its own brand…

REVO FOODS PREPARES FOR AMBITIOUS LAUNCH OF NEW PEA-BASED SALMON IN US

Revo Foods, a company that produces 3-D printed salmon, is set to expand significantly next year with a launch in the US market, it has been announced.

POULTRY TO DRIVE 15% GROWTH IN GLOBAL MEAT CONSUMPTION BY 2031

Meat eating is weakening in high income countries, with a shift to white meat like poultry, but global population growth will lead to an overall jump of 15% in global meat consumption by 2031.

WHEAT PRICES DROP TO 4-MONTH LOW BUT ANALYSTS PREDICT PRICE TURNAROUND

The prices for wheat futures (agreement for the delivery of wheat in the future at an agreed-upon price) fell to a four-month low at the end of June 2022.

EUROPE’S SOFT DRINKS SECTOR HAS SLASHED ADDED SUGARS BY 18% SINCE 2015

European soft drinks producers have reduced added sugars in their products by 17.7% on average since 2015 – with 3.6% of that having been achieved between 2019 and 2021 during the time of the Covid-19 pandemic.

INSIGHT PARTNERS REPORT FORECASTS POST-COVID BOOST FOR FROZEN FOOD SECTOR TO CONTINUE

The frozen food market is set to be worth $373.77 billion (€366.86 billion) by 2028, according to a new report from Insight Partners.

iFOOD MAKES LAYOFFS – BUT IS ALSO HIRING – AS FOOD DELIVERY SECTOR NAVIGATES POST-COVID WORLD

iFood, the Brazilian food delivery app company, has laid off some staff as it focuses on profitability rather than turnover.

NEW ZEALAND AND EUROPEAN UNION SIGN TRADE AGREEMENT – BUT NOT WITHOUT CONTROVERSY

A trade deal has been struck between the European Union and New Zealand, with officials saying it will “open significant economic opportunities for companies and consumers on both sides”.

CASINO GROUP AND GORILLAS FINALISE MONOPRIX TIE-UP WITH FRICHTI FROM MID-2022

French supermarket giant Casino Group, which owns retailer Monoprix, is finalising a strategic deal with rapid-delivery company Gorillas to extend their partnership in relation to Frichti, the groceries delivery player.

TETRA PAK AND MYCORENA TEAM UP TO CREATE NEW ALTERNATIVE PROTEIN FACILITY

Swedish food processing and packaging giant Tetra Pak has teamed up with alternative protein brand Mycorena to create a new alternative protein plant in Falkenberg, Sweden. It will produce Mycorena's mycoprotein-based ingredient Promyc.

RIGHT FARM AND CIRCA BIOTECH SIGN AGREEMENT TO TURN ORGANIC WASTE INTO FERTILISER

Organic fertiliser for use in agriculture will be created through a partnership between Right Farm, a UAE-based digital platform, and Circa-Biotech, a company that converts food waste into animal feed. The collaboration between the two companies aims to reduce the amount of food waste dumped in landfills in the country. As part of the agreement,…
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