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Daily Insights and Food Industry News

INNOVATION IN CHICAGO’S $9.4 BILLION FOOD INDUSTRY HIGHLIGHTED IN NEW REPORT

26 May 2022  Read: 2 min.
Does Chicago dominate food innovation and commoditisation in the US? According to a new report from the research centre of World Business Chicago (WBC) the city can make the claim based on the scale and enormous growth of the sector.

BOSTON BEER INTRODUCES NEW LINE OF CANNABIS-INFUSED ICED TEAS

25 May 2022  Read: 2 min.
The Boston Beer Company has announced the launch of TeaPot, a new line of cannabis-infused iced teas.

AMBITIOUS ORGANIC PROCESSING SCHEME FROM IRISH GOVERNMENT HAS €1.2 MILLION UP FOR GRABS

25 May 2022  Read: 2 min.
Companies have just two months left to apply for a grant from an Irish government scheme that supports the processing of organic produce. The latest round of the Organic Processing Investment Scheme, which aims to ensure “a consistent supply of high-quality organic produce in the market”, closes on July 31. Through the scheme, processors can…

HOW FOOD PRICES IN ASIA ARE FORECAST TO CHANGE IN THE FUTURE

24 May 2022  Read: 3 min.
A recent report from Oxford Economics for Food Industry Asia has shone a light on how food prices in the continent are expected to shift in the near future.

ABOVE FOOD TO ACQUIRE NORTH AMERICA’S LARGEST VERTICALLY INTEGRATED QUINOA SUPPLIER

24 May 2022  Read: 2 min.
Plant-based food company Above Food Corp. is set to acquire Northern Quinoa Production Corp (NorQuin), a vertically integrated producer of quinoa, headquartered in Saskatoon, Saskatchewan in Canada.

IWSR: E-COMMERCE BEVERAGE ALCOHOL SALES TO SURGE 66% BY 2025, LED BY US

23 May 2022  Read: 4 min.
Thanks to its acceleration during the pandemic, the e-commerce channel for beverage alcohol drinks has come into its own in the past two years and is now a major sources of wine and spirits sales in its own right. By 2025, e-commerce is projected to represent about 6% of all off-trade beverage alcohol volumes, compared to less than 2% in 2018, according to analyst IWSR.

SIAL GLOBAL FOOD INDUSTRY SUMMIT FEATURED A HUGE ARRAY OF SPEAKERS OVER 3 DAYS

23 May 2022  Read: 2 min.
The SIAL Global Food Industry Summit, held last week, showcased a wide variety of experts discussing key issues affecting the industry, ranging from the impact of technology to the transportation of food.

CORESIGHT RESEARCH REPORT FINDS A DIP IN ONLINE GROCERY SHOPPING

20 May 2022  Read: 3 min.
A new study from Coresight Research has shown that the surge in online food shopping sparked by the Covid-19 pandemic may, at least in part, have gone into reverse.

SAVOLA GROUP ENJOYS 76% JUMP IN PROFITS AS COMMODITY PRICES INCREASE

20 May 2022  Read: 2 min.
Savola Group, one of Saudi Arabia’s largest food companies, has announced a 76.13% jump in profits amid global increases in commodity prices.

ECOTONE INVESTS €20MILLION TO BOOST PRODUCTION OF DAIRY-ALTERNATIVE DRINKS

19 May 2022  Read: 3 min.
Ecotone, described as a pioneer of the organic market in France, has ramped up investment in its dairy alternative beverages. The company intends to scale up production of its plant-based beverages, with the investment of €20 million to go towards producing 27 million more litres of beverages every year. This is reportedly a 30% increase…

CARGILL TO BUILD NEW SOYBEAN FACILITY IN MISSOURI IN 2023

19 May 2022  Read: 2 min.
Agriculture and foods giant, Cargill, has unveiled plans for a soybean processing facility in Pemiscot County, Missouri to support growing domestic and global demand for oilseeds following multiple discussions for a green light. The decision comes as needs from food, feed and fuel markets have increased.

SCOTTISH SALMON INDUSTRY FOCUSED ON ENSURING SMOOTH TRADE WITH EU

18 May 2022  Read: 2 min.
The Scottish salmon industry has spoken out in an effort to reduce the risk that a trade dispute could affect exports to continental Europe.

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