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Daily Insights and Food Industry News

NEW ZEALAND’S RED MEAT EXPORTS FELL BY 18% IN SEPTEMBER

27 Nov 2023  Read: 3 min.
New Zealand has seen declining demand from its closest markets for red meat despite growth elsewhere. This resulted in September exports falling by 18% versus September 2023.

Packaging matters a great deal – and can help push a product upmarket, SIAL delegates are told

24 Nov 2023  Read: 3 min.
When it comes to selling food and drinks, it is not just the product itself that matters – the packaging that it comes in is important too. This was highlighted during a presentation at the most recent edition of SIAL Paris, where Marie Sermadiras, the CEO of Cosfibel, highlighted how the sector is moving towards…

Foie gras, a favourite for the festive season

22 Nov 2023  Read: 4 min.
Strictly monitored in the European Union, the production of foie gras is extensive, outdoor and often a matter of family business. For the European Federation of Foie Gras, the best way to encourage consumers and restaurateurs to have the delicacy on their menu is to guarantee a high quality product and animal well-fare. In the…

Food inflation falls for 7th month in a row, while e-commerce a “big winner” in France

21 Nov 2023  Read: 2 min.
According to a new report by Kantar, e-commerce is now "the big winner" across grocery retail in France, now occupying its third highest level after September 2023 (10.5%) and April 2020 (10.4%). Food inflation has also fallen for the seventh month in a row, pointing to an improving economic picture in France and across Europe. The study…

Ben & Jerry’s introduces Oat-based non-dairy ice cream formula

21 Nov 2023  Read: < 1 min.
In 2016, responding to a growing demand for plant-based alternatives, Ben & Jerry's launched its non-dairy range, marking a significant step in expanding its product offerings to cater to a wider audience.

RTDS TO HIT $40BN BY 2027 AS PREMIUM PRODUCTS AND COCKTAILS DRIVE GROWTH

20 Nov 2023  Read: 3 min.
The ready-to-drink (RTD) market is set to break the $40 billion barrier by 2027 according to analysis by London-based global drinks consultancy IWSR. However, market drivers are shifting as the category matures and consumers broaden their repertoires. The latest findings from IWSR Drinks Market Analysis indicate that the RTD category will grow by 12% in…

Skin pack meals offer greater shelf life and maximise convenience, expert tells SIAL delegates

17 Nov 2023  Read: 3 min.
A trend highlighted during the most recent edition of SIAL Paris was the increasing popularity of skin pack frozen meals. Prof Junghoon Moon, an associate professor in the Food Biz Lab at Seoul National University in South Korea, delivered a presentation during which he showcased some of the products that he helped to develop. Some…

Nestlé Toll House’s cookie creativity extends to cookie shot glasses

16 Nov 2023  Read: < 1 min.
The Cookie Shot glasses, crafted from the classic chocolate chip cookie dough with an indulgent melted chocolate coating inside, It's the latest Nestlé toll house innovation

Climate change increasingly impacts coffee production

15 Nov 2023  Read: 4 min.
Climate change is turning into a significant challenge for coffee production according to the International Coffee Organisation. World coffee production decreased by 1.4% to 168.5 million bags in 2021-22. World supply is now expected to increase in 2022-23. Coffee production is suffering from a series of negative factors according to the International Coffee Organisation (ICO).…

Fairtrade producers partner with Satelligence to expand deforestation monitoring

14 Nov 2023  Read: 4 min.
Fairtrade International has announced a new partnership with satellite surveillance company Satelligence to scale up satellite monitoring of forested areas and farms for all certified cocoa and coffee producers globally According to the organisation, the initiative aims to connect Fairtrade cooperatives with data on their members’ farms and their deforestation risks, so the cooperatives can…

DIAGEO WARNS OF SLOWER GROWTH IN Q3 AND Q4 THIS YEAR

13 Nov 2023  Read: 3 min.
Last week, one of the world’s biggest wine and spirits companies, Diageo, issued a profit warning saying that it was revising its revenue forecast due to weak trading in one of its regions. This comes after an end-of-September trading statement that stated that “our outlook for fiscal 2024 had not changed since 1 August, 2023”.

Frozen food sales continuing to rise on both sides of the Atlantic

10 Nov 2023  Read: 3 min.
Frozen food sales continue to be strong, several years after the significant increases sparked by the Covid-19 pandemic, reports indicate. Latest research in the United States, recently reported by American media, found that there was growth in the sales of frozen foods in both the first and second quarters of this year. On the other…

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