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Daily Insights and Food Industry News

INSIGHT PARTNERS REPORT FORECASTS POST-COVID BOOST FOR FROZEN FOOD SECTOR TO CONTINUE

11 Jul 2022  Read: 2 min.
The frozen food market is set to be worth $373.77 billion (€366.86 billion) by 2028, according to a new report from Insight Partners.

iFOOD MAKES LAYOFFS – BUT IS ALSO HIRING – AS FOOD DELIVERY SECTOR NAVIGATES POST-COVID WORLD

08 Jul 2022  Read: 3 min.
iFood, the Brazilian food delivery app company, has laid off some staff as it focuses on profitability rather than turnover.

NEW ZEALAND AND EUROPEAN UNION SIGN TRADE AGREEMENT – BUT NOT WITHOUT CONTROVERSY

08 Jul 2022  Read: 2 min.
A trade deal has been struck between the European Union and New Zealand, with officials saying it will “open significant economic opportunities for companies and consumers on both sides”.

CASINO GROUP AND GORILLAS FINALISE MONOPRIX TIE-UP WITH FRICHTI FROM MID-2022

07 Jul 2022  Read: 2 min.
French supermarket giant Casino Group, which owns retailer Monoprix, is finalising a strategic deal with rapid-delivery company Gorillas to extend their partnership in relation to Frichti, the groceries delivery player.

TETRA PAK AND MYCORENA TEAM UP TO CREATE NEW ALTERNATIVE PROTEIN FACILITY

06 Jul 2022  Read: 2 min.
Swedish food processing and packaging giant Tetra Pak has teamed up with alternative protein brand Mycorena to create a new alternative protein plant in Falkenberg, Sweden. It will produce Mycorena's mycoprotein-based ingredient Promyc.

RIGHT FARM AND CIRCA BIOTECH SIGN AGREEMENT TO TURN ORGANIC WASTE INTO FERTILISER

06 Jul 2022  Read: 2 min.
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

05 Jul 2022  Read: 2 min.
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

05 Jul 2022  Read: 2 min.
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

04 Jul 2022  Read: 4 min.
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

04 Jul 2022  Read: 2 min.
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

01 Jul 2022  Read: 2 min.
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

01 Jul 2022  Read: 3 min.
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.

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