Food Industry News : Inspire food Business

CAGR in frozen food market reaches €494.97 billion peak by 2031

08 Aug 2023 Read: < 1 min.

From the office worker seeking quick meal solutions to the health-conscious consumer prioritising organics, the global frozen food market, valued at €494.97 billion in 2022, is catering to diverse demands. The accelerating pace of modern life has made convenience a top priority for many, positioning frozen foods as an essential choice for consumers pressed for…

ASIA NEWS

The global seeds market from 2022 to 2027

07 Aug 2023 Read: 2 min.

According to a report from Technavio, the period from 2017 to 2021 witnessed consistent market growth, reflecting our increasing reliance on agriculture to feed our growing population. Forecasting forward from 2023 to 2027, an upward trajectory continues, signaling optimism in the seeds industry's ability to meet future global food demands. The growth of the global…

BEVERAGES MIDDLE EAST AFRICA NEWS retail

First pan-African campaign from Captain Morgan launches in 2 Markets

07 Aug 2023 Read: 3 min.

Captain Morgan Rum, a Diageo brand, has launched its first pan-African advertising campaign called Spice On Africa, which is promoting a new pack design that follows the global launch of the brand’s Spice On campaign last year.

FOOD PROCESSING NEWS

Revving up the food processing equipment market: projected growth €63.37 billion by 2031

04 Aug 2023 Read: 2 min.

The global food processing equipment market is set to achieve a value of €63.37billion by 2031, with a CAGR of 5.7% from 2023 to 2031, according to Transparency Market Research (TMR). This growth is fueled by increasing consumer demands and expanding opportunities. Innovating for consumer satisfaction and cost efficiency Consumer expectations for innovative, valuable and…

AMERICAS MEAT

Tocaya modern mexican introduces wholesome plant-based Chopped Chick’n by Abbot’s Butcher

04 Aug 2023 Read: 2 min.

Tocaya Modern Mexican has unveiled a novel addition to its menu, launching Abbot's Butcher's wholesome plant-based Chopped Chick'n across all its locations. Renowned for its fresh, casual, modern Mexican concept, Tocaya is taking a leap forward in expanding its culinary offerings by partnering with Abbot's Butcher, a Southern California brand committed to health and top-notch…

AMERICAS DAIRY PRODUCTS

Narra introduces asian-inspired oat milk tea lattes

03 Aug 2023 Read: 2 min.

With the Roasted Oolong, Black Tea and Strawberry Matcha lattes, Narra combines the essence of traditionally Asian flavours with the power of tea, offering a smooth and focused energy boost. Narra founders Victoria and Miggy Reyes are on a mission to transform the latte category and introduce the vibrant Asian flavours of their childhood to…

NEWS

BLUU seafood raises EUR 16 million in series A funding to propel cultivated fish production

03 Aug 2023 Read: 2 min.

BLUU Seafood, the leading European food biotech company specialising in cultivated fish, has successfully closed its series A funding round, securing EUR 16 million. The German start-up aims to utilise this capital to further advance its groundbreaking technology and prepare for the market launch of its first products. Unlike traditional fish production methods, BLUU Seafood's…

AMERICAS MEAT NEWS

Meat and poultry processing under USDA spotlight in 31 states and DC

02 Aug 2023 Read: 3 min.

The United States Department of Agriculture (USDA) is partnering with cross-party attorneys general in 31 states and the District of Columbia to boost competition and protect consumers across food and agricultural markets including meat and poultry processing and grocery.

ASIA

Global food packaging market set for major growth, reaching €506.6 Billion by 2030

02 Aug 2023 Read: 2 min.

According to a report from Grand View Research, Inc., the global food packaging market is expected to reach a staggering €506.6 billion by 2030, registering a compound annual growth rate (CAGR) of 5.7% between 2023 and 2030. Factors driving this expansion include evolving eating habits, lifestyle shifts and a surge in demand for convenience foods.…

AMERICAS ASIA BEVERAGES EUROPE NEWS retail

LVMH’S WINE & SPIRITS DIVISION SEES DECLINE OF 4%

01 Aug 2023 Read: 3 min.

The world’s leading luxury group, LVMH Moët Hennessy Louis Vuitton, posted recorded revenue of €42.2 billion in the first half of 2023, up 15% but its wines and spirits business failed to deliver, with revenue down by 4%.

ASIA REGIONAL SPOTLIGHT

Cambodia, a French culinary paradise of organic and PDO produce

01 Aug 2023 Read: 3 min.

France has a very special, sentimental relationship with Cambodia. This is also true in the food and culinary sectors. Cambodia holds a special place in the hearts of the French, and vice versa: "Cambodia is probably the only country in Asia where there is a real Francophile spirit based on a long historical, cultural and…

FOOD PROCESSING NEWS

Revolutionising aquaculture: WorldFish and Norway partner for climate-smart technologies in Egypt

31 Jul 2023 Read: 2 min.

The collaborative efforts of WorldFish and Norway herald a new era in sustainable development as they strive to introduce and scale innovative renewable energy solutions within Egypt's aquaculture sector. The Centre for Renewable Energy in Aquaculture (CeREA) initiative, a four-year project funded by the Royal Norwegian Embassy in Cairo, is a significant step towards empowering…

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