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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…

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,…

DAIRY PRODUCTS MARKET SET TO SOAR BY 44% DRIVEN BY GROWTH IN ASIA PACIFIC

The dairy products market share is expected to increase by 109.07 billion from 2020 to 2025, with 44% of growth coming from the Asia Pacific region (APAC), according to the most recent report by Technavio. The market's growth momentum will accelerate at a CAGR of 2.79%.

FLOR DE CAÑA ACTIVATES ZERO WASTE INITIATIVE TO CUT 15 TONS OF FOOD WASTE

Ultra-premium rum brans, Flor de Caña, is joining forces with eco-conscious bars, restaurants and consumers around the world to help reduce food waste in July through its Zero Waste Cocktails campaign.

MILLENNIALS (NOW AGED 25–40) ARE LEADING CONSUMER DRINKING TRENDS

Millennials remain the drivers of the global alcoholic beverages market and they led the 12% global consumption bounce-back last year, according to drinks market analyst IWSR. This group will be the demographic to watch – and target – going forwards.

LEYAOJU SECURES €14M IN LATEST FUNDING ROUND

Leyaoju, a Chinese frozen food producer, has secured millions of euros of investment in its latest funding round, a decade after the company was set up.

BAKERY FIRM EGYBELG IS BOUGHT BY SAVOLA FOODS AS PART OF AMBITIOUS GROWTH STRATEGY

Saudi Arabian firm, Savola Foods, has strengthened its presence in the Egyptian market with the acquisition of Egybelg, a food group based in the North African country.

SIAL INSIGHTS REPORT HIGHLIGHTS NEW CONSUMER FOOD PREFERENCES – AND PLEASURE REMAINS IMPORTANT

SIAL Paris, one of the world’s largest agri-food trade fairs, has released details of a major survey of consumer views on food, under its SIAL Insights initiative.

CALIFIA FARMS FIRST WITH DAIRY-FREE ICED CAFÉ MIXERS AS RTD COFFEES SOAR BY 44%

Plant-based beverage brand, Califia Farms, has launched two dairy-free creamers specially formulated for cold coffee beverages. The range called Iced Café Mixers has been created in response to the shift by Gen Z and Millennials towards the cold, flavoured-coffee category.

THE SIMPLE ROOT ANNOUNCES LAUNCH OF NEW VEG-BASED DIPS IN US

The Simple Root, a new global plant-based brand, is set to launch a line of cream-cheese style products and vegetable dips in the US later this year, with the backing of venture management firm Pilot Lite and the multi-national McCain Foods company.

DANONE LEADS $7MILLION INVESTMENT ROUND IN EMISSIONS BUSTING SEAWEED ADDITIVE FOR COWS

Danone Manifesto Ventures, the corporate venture arm of Danone, a leading global food and beverage company, has led a $7 million Series A funding round for Symbrosia, the Hawaii-based start up behind a feed additive for cattle that aims to reduce emissions.

NORTHCOAST SEAFOODS SNAPPED UP BY AMBITIOUS DUTCH FIRM KEEN TO ENTER UK MARKET

Northcoast Seafoods, a major supplier of prawns and whitefish in the UK, has been bought by the Dutch subsidiary of a Japanese seafood company.

MEAT BRAND APPLEGATE FARMS SUPPORTS HORMEL FOODS IN REGENERATIVE AGRICULTURE DRIVE

Applegate Farms, claimed to be America’s leading natural and organic meat brand, is bringing its expertise to the table of parent company Hormel Foods, in support of its aggressive ESG (environmental, social and governance) push to enhance soil health, water and air quality – and sequester greenhouse gases.
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