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Daily Insights and Food Industry News

SPARKLING WINE SALES TO HIT $85 BILLION BY 2031 SAYS REPORT

08 Nov 2021  Read: 3 min.
Consumer demand for sparkling wines is set to grow fast in the coming decade propelling sales to $84.6 billion by the end of 2031 according to a new report by Dubai-based research house Fact.MR.

“SHICKEN” FROZEN MEALS ROLL OUT TO BE HELPED BY VEG CAPITAL INVESTMENT

08 Nov 2021  Read: 2 min.
Plant Alternative, the producer of the plant-based “Shicken” frozen alternatives to meat, has attracted investment from Veg Capital, the plant-only investment fund.

STUDY FINDS THAT SODIUM REGULATIONS IN AUSTRALIA COULD SAVE 500 LIVES

05 Nov 2021  Read: 2 min.
Hundreds of lives could be saved if a handful of large Australian food companies cut the amount of salt in their food, according to a recent study.

UAE PUMPS $1 BILLION INTO INITIATIVE TO CUT AGRICULTURAL CARBON EMISSIONS

05 Nov 2021  Read: 3 min.
The UAE is spearheading a global effort launched at COP26 in Glasgow to promote innovation in the food sector with a view to cutting carbon emissions.

UBAMARKET LAUNCHES NEW APP FEATURE TO HELP CONSUMERS SHOP MORE SUSTAINABLY

04 Nov 2021  Read: 3 min.
Ubamarket, a pioneering app in retail technology, has launched a new 'plastic alerts' feature which allows shoppers to scan every product in-store for information on the recyclability of any packaging.

KROGER’S HOME CHEF CROSSES $1 BILLION IN ANNUAL SALES

04 Nov 2021  Read: 2 min.
Grocery retailer Kroger’s merger with meal solutions brand Home Chef in 2018 has been a winner, with annual sales having climbed to $1 billion.

CRYSBRO LAUNCHES NEW POULTRY PRODUCTS TO LOCAL MARKET

03 Nov 2021  Read: 2 min.
Crysbro, the Sri Lankan poultry giant, which prides itself on its commitment to world-class quality assurance and food safety standards, has announced the launch of two new poultry products to the local market.

BETTER COVER CROPS TO BE DEVELOPED TO HELP ORGANIC FARMERS

03 Nov 2021  Read: 2 min.
Researchers at a university in the United States are looking to produce new forms of cover crops to help organic agriculture.

FOODPANDA AND REBEL FOODS CREATE ASIA’S BIGGEST VIRTUAL BRAND PARTNERSHIP

02 Nov 2021  Read: 3 min.
Asia’s largest food and grocery delivery platform, foodpanda has signed a deal with Indian online restaurant company, Rebel Foods, which will enable restaurant partners and cloud kitchen operators to grow additional revenue streams, at little or no start-up costs, and aims to benefit local and small players in the food and beverage (F&B) industry.

COCA-COLA TAKES CONTROL OF SPORTS HYDRATION BRAND BODYARMOR FOR $5.6 BILLION

02 Nov 2021  Read: 2 min.
The Coca-Cola Company has bought 85% of the sports performance and hydration beverages brand Bodyarmor for $5.6 billion to take full ownership.

UK ALCOHOL TAX FREEZE WILL SAVE WINE AND SPIRIT BUSINESSES $430 MILLION

01 Nov 2021  Read: 3 min.
In the UK’s wide-ranging autumn budget delivered by chancellor Rishi Sunak, the drinks industry was given a boost thanks to an alcohol tax freeze.

GLOBAL FROZEN FRUIT IMPORTS INCREASED 3% LAST YEAR, REPORT FINDS

01 Nov 2021  Read: 2 min.
After doubling in size over the past decade, the global frozen fruit sector achieved a modest level of growth last year, a report has said.

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