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Daily Insights and Food Industry News

SCIENTISTS DEVELOP GENE DISCOVERY AND BREEDING PIPELINE TO CREATE NEW FOODS

13 Sep 2022  Read: 3 min.
Scientists at the VIB-UGent Centre for Plant Systems Biology and ILVO have developed a fast gene discovery pipeline in maize to advance breeding programs for the benefit of humanity and the environment.

BACARDI MOVES TO PREMIUMISE AT AIRPORTS AS TRAFFIC SURGES BY 247%

12 Sep 2022  Read: 4 min.
The airport channel in Europe – a showcase for alcoholic beverage brands – has seen a huge rebound this year. An extra 660 million passengers were added in the first half of 2022 as traffic rebounded by 247% and Bacardi, among other spirits owners, is looking to exploit the momentum.

BUNGE AND BLENDTEK JOIN FORCES TO OFFER PLANT-BASED INGREDIENTS TO PET FOOD PRODUCERS

12 Sep 2022  Read: 2 min.
Two ingredients companies, Bunge and Blendtek, have formed a partnership that will focus on plant-based proteins that can be used in pet food.

AMERICAN FOODS GROUP PROMISES $1 BILLION IN ECONOMIC IMPACT WITH NEW BEEF FACILITY

11 Sep 2022  Read: 2 min.
American Foods Group is building a beef facility in Missouri which aims to bring $1 billion in economic impact and and an annual payroll of more than $80 million.

HEALTH REMAINS A KEY CONCERN OF CONSUMERS WHEN CHOOSING FOOD, SIAL INSIGHTS REPORT REVEALS

09 Sep 2022  Read: 4 min.
Health remains a key concern of consumers when they are deciding which foods to purchase, according to a major study carried out for SIAL Paris.

SAUDI ARABIA PUMPING €24.4 BILLION INTO FOOD AND AGRICULTURE IN BID TO BOOST PRODUCTION AND EXPORTS

09 Sep 2022  Read: 2 min.
Saudi Arabia is planning to invest heavily in its food and agricultural sectors, a senior official has said, with the aim of increasing domestic production and expanding exports.

WALMART INVESTS IN NEBRASKA-BASED SUSTAINABLE BEEF, WITH NEW PLANT PLANNED BY 2024

08 Sep 2022  Read: 2 min.
As part of plans to increase access to quality beef at affordable prices for customers, grocery giant Walmart has signed an agreement to acquire a minority stake in Sustainable Beef LLC, a rancher-owned company based in North Platte, Nebraska.

MEDICINAL MUSHROOMS MARKET SET TO BOOM BY 2025 SAYS NEW REPORT FROM TECHNAVIO

08 Sep 2022  Read: 2 min.
The medicinal mushrooms market is set to boom by $4.55 billion by 2025, according to new data from Technavio, as the food industry and consumers become increasingly aware of the health benefits and medicinal properties that fungi offers.

AQUACULTURE STEWARDSHIP COUNCIL SIGNS MEMORANDUM WITH JAPAN-BASED SEAFOOD LEGACY ORGANISATION

07 Sep 2022  Read: < 1 min.
A memorandum of understanding has been signed between Seafood Legacy, a Japan-based social and environmental organisation, and the Aquaculture Stewardship Council, an independent organisation that focuses on sustainable aquaculture.

ENJOYMENT IS ONE OF THE FOOD INDUSTRY’S KEY INNOVATORS, NEW STUDY FOR SIAL REVEALS

07 Sep 2022  Read: 3 min.
Enjoyment is a key motivator and driver for innovation in the food industry, SIAL has found.

AUSTRALIAN GOAT MEAT SCORES OVER 50 IN STUDY, IMPLYING HIGH ACCEPTANCE

06 Sep 2022  Read: 2 min.
Consumer taste-test results show that Australian goat meat has a high acceptance among domestic consumers who scored it, on average, over 50 points, which is considered a good everyday product. This has flagged the meat’s potential for domestic consumption.

PERNOD RICARD SETS NEW RECORD WITH OVER €10 BILLION IN ANNUAL SALES

05 Sep 2022  Read: 3 min.
The world’s second biggest producer of wines and spirits, Pernod Ricard, generated record sales of €10.7 billion in its fiscal year 2022, ending in June, with all regions contributing to growth.

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