Food Industry News : Inspire food Business

ACOSTA RESEARCH FINDS 40% OF SHOPPERS ARE BUYING PLANT-BASED FOODS

21 Apr 2022 Read: 2 min.

The data come from Acosta, a global integrated sales and marketing provider in the consumer packaged goods (CPG) industry. Research was conducted through the company’s proprietary shopper community between 8-11 March and found that the health factor was the key motivating factor in the shift to plant-based.

ORGANIC & WELLNESS

MYCOTECHNOLOGY TO TAKE ITS MUSHROOM MYCELIA PLATFORM ONTO GLOBAL STAGE WITH $85M INVESTMENT

21 Apr 2022 Read: 2 min.

MycoTechnology Inc., a leading company in the world of mushroom mycelia, has set its sights on achieving global scale success and expanding aggressively in Europe after securing investment of $85 million (€78.7m).

NEWS

ALBERTSONS REVEALS 2021 RESULTS WHICH INDICATE CONTINUED CONSUMER SPENDING DESPITE INFLATION

20 Apr 2022 Read: 3 min.

Albertsons Companies Inc has released its latest sales report which shows strong shopper spending habits despite inflation.

ASIA NEWS SEA FOOD

SEAFOOD POPULARITY GROWING IN CHINA AS INTEREST IN ALTERNATIVE PROTEINS ALSO SPIKES

20 Apr 2022 Read: 2 min.

Chinese consumers appear to be increasing their consumption of seafood at the expense of pork, according to reports.

AMERICAS NEWS SIAL NEWS TRADE TALK

SIAL AMERICA UNITES $1.5 TRILLION FOOD AND BEVERAGE INDUSTRY AFTER WELCOMING 4,600 VISITORS

19 Apr 2022 Read: 3 min.

SIAL America is set to inspire and re-energise the $1.5 trillion food and beverage industry following its US debut in Las Vegas.

AMERICAS MEAT NEWS

BRAZILIAN CHICKEN EXPORTS SOAR, GROWING 5.7% IN MARCH

19 Apr 2022 Read: 2 min.

Brazil exported a total of 419,000 tons of chicken meat in March, 5.7% more than the volume shipped in the same month in 2021, according to the Brazilian Association of Animal Protein (ABPA). However by value, the growth rate was much higher.

ASIA BEVERAGES NEWS

CHINESE DRIVE OVER 30% OF GLOBAL ‘STATUS SPIRITS’ SALES – BUT HAVE SHIFTED CHANNELS

18 Apr 2022 Read: 4 min.

In recent years, the Chinese have played a vital role in the high-end liquor market. Their rising GDP and individual purchasing power plus their appetite for luxury spirits brands had fuelled a boom in duty-free sales before the pandemic – and their contribution kept getting bigger and bigger.

ASIA FROZEN PRODUCTS

SHANGHAI PORT SUFFERS SEVERE CONGESTION AS FROZEN FOOD CONTAINERS STACK UP

18 Apr 2022 Read: 2 min.

Shanghai’s Covid lockdown has resulted in containers of frozen foods being stacked up at Shanghai port – and ships are now said to be avoiding the city because of the congestion.

GROCERY NEWS OCEANIA

AUSTRALIA’S PLANT-BASED MEAT SECTOR ATTRACTS INVESTMENT AMID HUGE GROWTH FORECASTS

15 Apr 2022 Read: 2 min.

Australia’s plant-based meat sector is attracting heavy investment – including from the country’s largest food retailer, Woolworths.

GROCERY MIDDLE EAST AFRICA

RIGHT FARM AIMS TO UPTURN THE FOOD AND AGRICULTURE SECTOR AFTER $2.8M INVESTMENT

15 Apr 2022 Read: 3 min.

Right Farm, a digital platform that sources fresh produce from farms, has attracted $2.8 million in seed funding highlighting how hi-tech food and agriculture platforms are drawing in vast investments.

EUROPE GROCERY NEWS

LIDL’S UK EXPANSION HELPS CREATE 1,200 NEW WAREHOUSE JOBS BY 2025

14 Apr 2022 Read: 2 min.

Discount supermarket Lidl is set to open a giant new warehouse in Luton, UK, next year – the company’s largest regional distribution centre worldwide – creating 1,200 new jobs and positioning the grocery retailer for speedy growth over the next four years. As grocery prices soar, Lidl – part of the Schwarz retail group –…

MEAT NEWS

ALLIED MARKET RESEARCH: MEAT SUBSTITUTE MARKET TO REACH $11.2BN BY 2030

14 Apr 2022 Read: 2 min.

The global meat substitute industry is anticipated to generate $11.2 billion (€10.2bn) by 2030, witnessing a CAGR of 7.6% from 2021 to 2030, according to the latest analysis by Allied Market Research.

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