The dairy products market share is expected to increase by 109.07 billion from 2020 to 2025, with 44% of growth coming from the Asia Pacific region (APAC), according to the most recent report by Technavio. The market's growth momentum will accelerate at a CAGR of 2.79%.
Ultra-premium rum brans, Flor de Caña, is joining forces with eco-conscious bars, restaurants and consumers around the world to help reduce food waste in July through its Zero Waste Cocktails campaign.
Millennials remain the drivers of the global alcoholic beverages market and they led the 12% global consumption bounce-back last year, according to drinks market analyst IWSR. This group will be the demographic to watch – and target – going forwards.
Leyaoju, a Chinese frozen food producer, has secured millions of euros of investment in its latest funding round, a decade after the company was set up.
Saudi Arabian firm, Savola Foods, has strengthened its presence in the Egyptian market with the acquisition of Egybelg, a food group based in the North African country.
SIAL Paris, one of the world’s largest agri-food trade fairs, has released details of a major survey of consumer views on food, under its SIAL Insights initiative.
Plant-based beverage brand, Califia Farms, has launched two dairy-free creamers specially formulated for cold coffee beverages. The range called Iced Café Mixers has been created in response to the shift by Gen Z and Millennials towards the cold, flavoured-coffee category.
The Simple Root, a new global plant-based brand, is set to launch a line of cream-cheese style products and vegetable dips in the US later this year, with the backing of venture management firm Pilot Lite and the multi-national McCain Foods company.
Danone Manifesto Ventures, the corporate venture arm of Danone, a leading global food and beverage company, has led a $7 million Series A funding round for Symbrosia, the Hawaii-based start up behind a feed additive for cattle that aims to reduce emissions.
Applegate Farms, claimed to be America’s leading natural and organic meat brand, is bringing its expertise to the table of parent company Hormel Foods, in support of its aggressive ESG (environmental, social and governance) push to enhance soil health, water and air quality – and sequester greenhouse gases.
The Americas spirits market which was valued at $155.35 billion in 2021 by GlobalData, is projected to grow at a CAGR of more than 7% between 2021 and 2026. During this forecast period, Canada, Chile, Panama and the United States have been shortlisted as “high-potential countries” by the London-based analyst.
