Food Industry News : Inspire food Business

LOCKED DOWN BRITS SPENT €17.6BN ON GROCERIES OVER THE PAST YEAR

04 Mar 2021 Read: 2 min.

Take-home grocery sales rose by 12.5% during the 12 weeks to February 21, 2021, new data from Kantar has revealed. Sales were even stronger over the past month, increasing by 15.1%, the fastest rate of growth since June 2020, as the latest national restrictions curtailed spending in cafés, restaurants and pubs. Fraser McKevitt, Head of…

NEWS TOPICS

GLOBAL GROCERY RETAIL SET FOR GROWTH

04 Mar 2021 Read: 2 min.

The global grocery retail market is on track to generate an additional €315 billion in sales between 2020 and 2022, according to a forecast from global insight provider IGD, which has predicted the sector will yield a 3.1% compound annual growth rate (CAGR) over the period. This follows “exceptional growth” for grocery in 2020, which…

BEVERAGES EUROPE NEWS

DIAGEO’S TANQUERAY GIN GOES ALCOHOL-FREE

26 Feb 2021 Read: < 1 min.

Drinks giant Diageo has launched a new alcohol-free version of Tanqueray London Dry Gin which will be available in Spain and the UK from March. The suggested retail price is £16 per 70cl bottle in British supermarkets. Alcohol-free and low-alcohol products are an expanding market segment that is expected to deliver 23% of the growth…

NEWS SEA FOOD

Seafood ‘a leading driver’ in grocery sales in 2020 says FMI report

26 Feb 2021 Read: 2 min.

Seafood generated more than $16.6 billion in sales for food retailers in 2020 and outperformed other fresh food categories according to a new report from US-based FMI—The Food Industry Association. The Power of Seafood 2021 study was released at the end of February and claims that seafood sales – which include fresh, frozen, canned and…

FRUITS & VEGETABLES TOPICS

MERGER TO CREATE THE WORLD’S LARGEST FRESH FRUIT AND VEGETABLE COMPANY

24 Feb 2021 Read: < 1 min.

US manufacturer Dole Foods is to merge with Irish business Total Produce to create the world’s largest fresh fruit and vegetable supply business with annual sales of €8.2 billion. The deal, which is subject to shareholder and regulatory approval, will create a new entity – Dole Plc – which analysts have said will make it…

NEWS TOPICS

ONLINE SALES IN EUROPE & THE US DRIVE BUSINESS AT AHOLD DELHAIZE

23 Feb 2021 Read: < 1 min.

Netherlands-based supermarket chain Ahold Delhaize has reported better than expected fourth quarter sales, driven by a surge of online orders due to COVID-19. The retailer, which operates chains in the United States and Europe, said its sales rose 18% to €19.6 billion. Underlying operating income in the period was €811m; net consumer online sales jumped…

AMERICAS MEAT NEWS TOPICS

POULTRY & EGG EXPORTS FROM THE US SOARED IN 2020

23 Feb 2021 Read: 2 min.

In a year dominated by the COVID-19 pandemic, poultry and egg exports from the United States soared in 2020, setting records in several key markets. The USDA Foreign Agricultural Service said that broiler and egg exports increased in both volume and value last year, and records were set in China, Mexico, and Taiwan. The value…

MEAT NEWS

Redefine Meat a step closer to market launch after raising $29 million

23 Feb 2021 Read: 2 min.

Tech innovator in the meat alternatives sector, Redefine Meat, has completed a US$29 million Series A funding round that will be used to expand the company’s product portfolio and support its launch and international growth this year. Redefine, founded in 2018, uses proprietary industrial 3D printers that replicate the texture, flavour, and eating experience of…

BEVERAGES EUROPE NEWS

Energy ratings for refrigerated vending machines coming soon

23 Feb 2021 Read: 2 min.

Energy inefficient refrigerated food and drink vending machines will soon be banned from sale in the EU and UK as new regulations come in from 1 March. According to the European Vending & Coffee Service Association (EVA), the new Ecodesign & Energy Labelling Regulations mean that refrigerated vending units will have an official energy rating…

NEWS TOPICS

CARREFOUR KEEN TO RESTART TAKEOVER TALKS

23 Feb 2021 Read: < 1 min.

Grocery retailer Carrefour has said that it is open to takeover opportunities, despite the French government blocking talks between the retailer and Canadian group Couche-Tard. Alexandre Bompard, Carrefour’s Chief Executive and Chairman, said: “We were only at the beginning of the discussions [with Couche-Tard]. There was opposition from the French government, at a time when…

EUROPE FROZEN PRODUCTS SEA FOOD TOPICS

Lockdowns help Nomad Foods achieve near double-digit sales growth

23 Feb 2021 Read: 2 min.

Nomad Foods, one of Europe’s largest frozen food manufacturers, has announced near double-digit sales growth in 2020, but more modest increases are expected this year.Lockdowns have hit restaurant and cafe sales across the continent, leading consumers to spend more on meals prepared at home, including those made from frozen foods.In preliminary results announced earlier this…

EUROPE ORGANIC & WELLNESS TOPICS

Sweden leads its neighbours in promoting organic food within the public sector

23 Feb 2021 Read: 2 min.

Sweden leads its neighbours in the amount of organic food served in hospitals, kindergartens and other public-sector canteens, according to a new study.Research from the University of Copenhagen found that organic food had a 39% market share in the Swedish public sector, compared to 22% in Denmark and just 1% in Norway.Academics say the findings,…

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