British consumers reached for more Australian wine during Covid-19 lockdowns, with exports (by value) to the UK increasing by 33% to $360 million (AUD 461 million). The high demand pushed the UK past the US to rank second among export markets behind China (including Hong Kong and Macau).
Amazon is expanding its Prime Now grocery delivery service to Frankfurt and the surrounding areas in partnership with Migros-owned supermarket chain, Tegut.
Pick n Pay, the South African supermarket group, is reportedly investing tens of millions of dollars in new stores as it looks to increase its market share.
Leading US private label spices and seasonings manufacturer Olde Thompson is being acquired by Singapore-based Olam Food Ingredients (OFI) at an enterprise value of $950 million (€783.6m) as part of the latter’s international growth plans.
Researchers have asked the European Union to consider allowing gene editing to fall within its definition of organic farming, as they say doing so could lead to environmental benefits.
Belcampo, a pioneer of organic, grass-fed and Certified Humane meats, has released third-party verified nutrition data that confirms its methods produce animals with significantly better nutrition than those conventionally-raised, as well as those not fed grass their full lives.
The latest market research, product innovation insights, and consumer trends shaping the nutrition, health and wellness space have been published by Mintel.
The convenience and variety of ready-to-drink alcoholic beverages has seen the market gather momentum in recent years, with growth forecasted at 41% between 2019 and 2024 (source: IWSR).
