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India reveals $12 million PMFME support for micro food processors

30 Mar 2023  Read: 2 min.
India’s Ministry of Food Processing Industries (MoFPI) has provided figures for a centrally sponsored scheme for micro food processing enterprises called PMFME that it first implemented in the financial year 2020/21 to run for five years until 2024/25.

Celebrities team up with Silk Almondmilk on new acoustic concert series

29 Mar 2023  Read: 3 min.
Silk is excited to introduce the Silk Almondmilk Tiny Kitchen Concerts highlighting intimate, acoustic performances from the next generation of up-and-coming artists – Daniel Seavey, Brittney Spencer, Jordy and Ogi. The singers are showcasing their favourite ways to enjoy their breakfast with Silk Almondmilk as they team up with Silk Almondmilk with a new acoustic…

MEITUAN PEAK DAILY ORDER VOLUMES INCREASED TO 60 MILLION IN 2022

28 Mar 2023  Read: 2 min.
Chinese technology-driven delivery giant Meituan has just posted its 2022 results which showed steady momentum for its food delivery business, with peak daily order volumes surpassing 60 million and grocery showing robust growth.

Agritech drives growth in European farming with £80bn investment

28 Mar 2023  Read: 4 min.
A new report by Govgrant has found that the UK and Europe are leading the way when it comes to agritech investment, having received nearly half of the £186bn global total. This £186 billion of investment has come from just over 6000 different investors, according to GovGrant, a R&D tax specialist and IP patent box…

FEVER TREE HITS 11% GROWTH BUT SEES UK DECLINE

27 Mar 2023  Read: 3 min.
Premium mixer brand Fever Tree hit a home run in 2022 as top line revenue growth reached 11% year-on-year, driven by an 18% uplift across the United States, Europe, and rest of the world. However, the UK – the company’s home, and biggest, market – slipped by 2%.

Plant-based revolution? Where the cheese market is headed in the next ten years

27 Mar 2023  Read: 3 min.
The global cheese market is predicted to steadily grow over the next decade. But what key developments in the industry are driving positive momentum? A report from Market Research Future centred around the global cheese market predicts the industry to have a compound annual growth rate of 3.5% between the forecasted period of 2020 until…

McDonald’s unveils daring vegetable fries to French market

24 Mar 2023  Read: 2 min.
The fast food chain is offering a colourful addition to its menu in France – McDonald's fries or chips made from vegetables. Available for just a limited time, the fries are made from carrots, beetroots and turnips, huge quantities of which are being delivered to the company’s outlets.Images released by McDonald’s show the new fries…

How tech can boost grocery delivery with robots doing the hard work

24 Mar 2023  Read: 2 min.
The grocery delivery sector has been faced with the need for change and consolidation, but there is still room for success With a large number of grocery delivery firms now covering multiple global markets, analysts say some mergers and closures are inevitable. But this does not point to an overall contraction in the sector.There have…

BRITAIN’S MERMAID GIN OPENS UP US MARKET PRICED AT $34.99

23 Mar 2023  Read: 2 min.
Mermaid Gin, made by the Isle of Wight Distillery just off the UK mainland, has launched three gin expressions in the US market through Total Wine & More in-store and online, along with Park Street and Union Beer, part of the Sheehan Group, which supplies customers in New York and Long Island.

Organic Food Market to exceed $500bn by 2027 powered by the health conscious

23 Mar 2023  Read: 3 min.
Increasingly health-conscious consumers are expected to propel the international organic food market into the hundreds of billions by 2027, according to a new report by The Business Research Company. The Organic Food Global Market Report 2023 found that the increase in the awareness of fitness among people and the growing number of health-conscious consumers are…

Bumper harvest of sockeye salmon means great deals for US consumers

22 Mar 2023  Read: 2 min.
With an unusually large harvest of sockeye salmon from Bristol Bay last year, Alaska has led to prices dropping 7% since early 2022 according to a new report from the Bristol Bay Regional Seafood Development Association (BBRSDA). The bumper haul of 60 million fish, from what is the source of more than half the world's…

Birds Eye spices up its fish finger range with new chip shop curry flavour

22 Mar 2023  Read: < 1 min.
Frozen food giant Birds Eye has announced the expansion of its Chunky Fish Finger range with the launch of a Chip Shop Curry edition. The product is set be rolled out in Asda stores from the end of May and will be available in Iceland shops later in the year. It features curry-flavoured panko breadcrumbs…

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