Food Industry News : Inspire food Business

CHINESE DRIVE OVER 30% OF GLOBAL ‘STATUS SPIRITS’ SALES – BUT HAVE SHIFTED CHANNELS

18 Apr 2022 Read: 4 min.

In recent years, the Chinese have played a vital role in the high-end liquor market. Their rising GDP and individual purchasing power plus their appetite for luxury spirits brands had fuelled a boom in duty-free sales before the pandemic – and their contribution kept getting bigger and bigger.

ASIA FROZEN PRODUCTS

SHANGHAI PORT SUFFERS SEVERE CONGESTION AS FROZEN FOOD CONTAINERS STACK UP

18 Apr 2022 Read: 2 min.

Shanghai’s Covid lockdown has resulted in containers of frozen foods being stacked up at Shanghai port – and ships are now said to be avoiding the city because of the congestion.

GROCERY NEWS OCEANIA

AUSTRALIA’S PLANT-BASED MEAT SECTOR ATTRACTS INVESTMENT AMID HUGE GROWTH FORECASTS

15 Apr 2022 Read: 2 min.

Australia’s plant-based meat sector is attracting heavy investment – including from the country’s largest food retailer, Woolworths.

GROCERY MIDDLE EAST AFRICA

RIGHT FARM AIMS TO UPTURN THE FOOD AND AGRICULTURE SECTOR AFTER $2.8M INVESTMENT

15 Apr 2022 Read: 3 min.

Right Farm, a digital platform that sources fresh produce from farms, has attracted $2.8 million in seed funding highlighting how hi-tech food and agriculture platforms are drawing in vast investments.

EUROPE GROCERY NEWS

LIDL’S UK EXPANSION HELPS CREATE 1,200 NEW WAREHOUSE JOBS BY 2025

14 Apr 2022 Read: 2 min.

Discount supermarket Lidl is set to open a giant new warehouse in Luton, UK, next year – the company’s largest regional distribution centre worldwide – creating 1,200 new jobs and positioning the grocery retailer for speedy growth over the next four years. As grocery prices soar, Lidl – part of the Schwarz retail group –…

MEAT NEWS

ALLIED MARKET RESEARCH: MEAT SUBSTITUTE MARKET TO REACH $11.2BN BY 2030

14 Apr 2022 Read: 2 min.

The global meat substitute industry is anticipated to generate $11.2 billion (€10.2bn) by 2030, witnessing a CAGR of 7.6% from 2021 to 2030, according to the latest analysis by Allied Market Research.

TRADE TALK

UK INSECT FARM START-UP BETTER ORIGIN RAISES £12M INVESTMENT TO BOOST GROWTH

13 Apr 2022 Read: 3 min.

Better Origin, the UK insect mini-farm start-up, has secured £12 million (€14.5m) in

AMERICAS NEWS ORGANIC & WELLNESS

USDA ORGANIC CERTIFICATION LESS EFFECTIVE AT CONVINCING CONSUMERS THAN MANUFACTURERS’ CLAIMS, SURVEY FINDS

13 Apr 2022 Read: 2 min.

Consumers are more likely to be swayed by claims such as “cruelty free” or “raised without antibiotics” than “USDA Organic” accreditation, according to a new study.

ASIA FRUITS & VEGETABLES TRADE TALK

MARKETSANDMARKETS REPORT SHOWS AGRI-MICRONUTRIENTS MARKET SET TO GROW TO $6.4BN BY 2027 AND ASIA LEADS THE WAY

12 Apr 2022 Read: 2 min.

The market for agricultural micronutrients is projected to grow at a CAGR of 8.6% to reach $6.4 billion (€5.8bn) by 2027, according to the latest market analysis from MarketsandMarkets.

AMERICAS FOOD PROCESSING NEWS

NEW LONG ISLAND FACILITY TO PROCESS 180,000 TONS OF FOOD WASTE ANNUALLY

12 Apr 2022 Read: 2 min.

Later this month the groundbreaking ceremony will take place for a proposed anaerobic digester project in Long Island, New York, claimed to be “the most sophisticated food waste processing facility in the world”.

AMERICAS ASIA EUROPE FOOD PROCESSING MIDDLE EAST AFRICA NEWS OCEANIA

FOOD PRICES ROSE 12.6% IN MARCH REACHING NEW ALL-TIME HIGH, SAYS UNITED NATIONS

11 Apr 2022 Read: 4 min.

Despite the war between Russia and Ukraine sending wheat and other commodity food prices – as well as fertilisers – soaring by 12.6% in the past month, the United Nations (UN) says that the worst impacts can be contained.

EUROPE FROZEN PRODUCTS NEWS

OOPS! GROWS FAST AS IT CUTS COSTS AT A TIME OF FOOD PRICE INFLATION

11 Apr 2022 Read: 2 min.

Oops!, a frozen food chain that helps to cut waste and prices by offering surplus products at reduced prices, is continuing to expand.

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