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Daily Insights and Food Industry News

MEMPHIS MEATS BECOMES UPSIDE FOODS AHEAD OF CHICKEN LAUNCH

13 May 2021  Read: < 1 min.
Memphis Meats, the cell-cultured meat, poultry and seafood start-up, has been rebranded as Upside Foods, a more consumer-friendly name prior to the launch of its first product: chicken. Based in Berkeley California, the company says that, pending regulatory review, its cell-cultured chicken will be available later this year. Grown completely from animal cells, the chicken…

SIAL CHINA SET TO WELCOME 120,000+ VISITORS

13 May 2021  Read: 2 min.
Organisers of next week’s SIAL China exhibition [18-20 May], in Shanghai, have announced that more than 120,000 visitors are expected over the three-day event.

PANDEMIC ACCELERATES SHIFTS IN CHINA’S SEAFOOD MARKET

12 May 2021  Read: 2 min.
China’s central government has realigned its strategy in response to pressures related to Covid-19.

BAIN CAPITAL SNAPS UP VALEO FOODS GROUP

12 May 2021  Read: 2 min.
Valeo Foods Group, the Dublin-headquartered company that owns Kettle Chips and Batchelors Beans, has been bought by Bain Capital, the American private investment firm.

FENTIMANS RESPONDS TO MARKET SHIFT WITH NEW 200ML MIXER RANGE

11 May 2021  Read: < 1 min.
The growing popularity of long mixed drinks has encouraged UK independent premium soft drinks brand Fentimans to launch a range of 200ml mixers and tonics from May, with a gradual phase-out of older 125ml sizes.

UK MEAT SALES SLOW, WHILE FISH GOES AGAINST THE CURRENT

11 May 2021  Read: 2 min.
Fresh meat and poultry growth rates slowed down in the UK in the 12 weeks to March 21, with fresh primary meat growing 11.6% and fresh processed 5.8%, in comparison to figures from the start of lockdown restrictions in March 2020, according to the latest data from Kantar.

ORGANIC AND HEALTHY FOODS ARE SEEING THE BUTTERFLY EFFECT AGAIN

10 May 2021  Read: 3 min.
Los Angeles-based private equity firm Butterfly Equity has stepped up its investment focus on the food sector again this year following a string of pre-pandemic acquisitions spanning the entire food value chain from ‘seed to fork’.

ALDI AUSTRALIA SETS TARGET OF ZERO FOOD WASTE TO LANDFILL BY 2023

10 May 2021  Read: 2 min.
Aldi Australia is launching multiple initiatives to help it reduce the amount of food waste it sends to landfill to zero by 2023.

MEALWORMS APPROVED BY EU AS HUMAN FOOD

07 May 2021  Read: 3 min.
Mealworms could soon be on the menu for people in Europe after officials gave the green light for them to be used in food as an alternative source of protein.

EU HAILS OUTCOME OF SEAFOOD TOMORROW INITIATIVE

07 May 2021  Read: < 1 min.
European leaders have hailed the results of their Seafood Tomorrow project, which aimed to improve food safety and sustainability in the sector.

CANADIAN GOVERNMENT SUPPORTS $1.9M EXPANSION OF AGRI-FOOD CENTRE

06 May 2021  Read: 2 min.
Saskatchewan’s non-profit Food Industry Development Centre is to be expanded thanks to a $1.9 million (CAD 2.3 million) investment from the government of Canada and the province as part of the Canadian Agricultural Partnership.

GROCERY DELIVERY APPS ATTRACT INVESTMENT AS CUSTOM MOVES ONLINE

06 May 2021  Read: 2 min.
The recent move by Justin King, a former chief executive of Sainsbury’s, to invest in a grocery delivery app company has shone a light on the rapid growth in the sector.

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