Food Industry News : Inspire food Business

Aldi slashes food waste by almost 60% and sets new 2030 target

10 Jan 2024 Read: 3 min.

Aldi has announced a 57% reduction in food waste*, meaning it has hit its 2030 target eight years early. The UK's fourth biggest supermarket announced this latest milestone in its inaugural sustainability report, which offers insights into the work Aldi is doing that contributes to society and the planet, while maintaining its commitment to quality…

ASIA DAIRY PRODUCTS NEWS

Dairy ingredients market forecast: APAC’s dominance and evolving consumer trends

09 Jan 2024 Read: < 1 min.

According to Technavio's latest report "Global Dairy Ingredients Market 2023-2027," is experiencing a significant transformation.

AMERICAS DAIRY PRODUCTS EUROPE FOOD PROCESSING MARKET TRENDS NEWS

CANADA’S LALLEMAND SWOOPS ON AILING EVOLVA AFTER 91% OF SHAREHOLDERS APPROVE DEAL

08 Jan 2024 Read: 3 min.

Canadian industrial ingredients company, Lallemand, today confirmed that it has closed a deal to buy another biotech business – Switzerland’s Evolva, after the latter’s shareholders voted by 91% in favour of the acquisition.

FOOD PROCESSING NEWS

New processing technologies could improve nutrition security, Institute of Food Technologists states in new white paper

05 Jan 2024 Read: 3 min.

Making better use of emerging food processing technologies could improve food and nutrition security as the world faces challenges like climate change, the Institute of Food Technologists has said. In a new white paper, the US-headquartered organisation called for greater efforts to speed the development of new food technology, such as through public-private partnerships. The…

DAIRY PRODUCTS

Nestlé looks at scalable solutions to make dairy farming more sustainable

04 Jan 2024 Read: 3 min.

Milk remains an important source of nutrients and provides several health benefits, but it can have a strong impact on the environment. This is why Nestlé is highlighting its research into new technologies to reduce dairy's impact and implement solutions at scale. Nestlé is exploring different approaches to reduce dairy's greenhouse gas emissions. The company is…

AMERICAS EUROPE MARKET TRENDS MIDDLE EAST AFRICA NEWS ORGANIC & WELLNESS

WeLASER takes us a step closer to pesticide-free future

03 Jan 2024 Read: 4 min.

After three years of work, an international partnership - the WeLASER consortium working group (pictured top) - has created a precision weeding tool which it says demonstrates that a pesticide-free future is possible and that "herbicide-free agriculture is at hand". The partnership is formed by research centres, universities, private companies and farmers' organisations from Spain,…

MARKET TRENDS SEA FOOD

Shrimp market poised for robust growth until 2027

02 Jan 2024 Read: 2 min.

According to the latest technavio report, "Global Shrimp Market 2023-2027," forecasts a significant growth in the shrimp market, with an estimated increase of €6.03 billion from 2022 to 2027.

AMERICAS BEVERAGES EUROPE NEWS

DELIGHT AT TARIFF SUSPENSION BY EU UNTIL MARCH 2025

01 Jan 2024 Read: 4 min.

A deal to avoid the reimposition of tariffs on American whiskies from 1 January 2024 by the European Union has been broadly welcomed by the Distilled Spirits Council of the US (Discus), the national trade association representing producers and marketers of distilled spirits sold in America.

FROZEN PRODUCTS MARKET TRENDS

The growth of the global frozen foods market

28 Dec 2023 Read: 2 min.

A recent analysis by MarketsandMarket forecasts a significant market expansion, with its valuation set to grow from €260,28 billion in 2023 to an estimated €333,09 billion by 2028.

MARKET TRENDS MIDDLE EAST AFRICA

The African Development Bank is leading the way to adapt African agriculture to climate change

27 Dec 2023 Read: 2 min.

About 65% of the uncultivated, arable land left to feed the world is in Africa. The size of Africa’s food and agriculture market will be worth $1 trillion (approximately €912,720,956,900) by 2030 and could be capable of feeding the continent if it is adapted to the challenges of climate change and disruption in food supply.…

EUROPE FOOD PROCESSING TRADE TALK

DigitalFoodLab shines a light on the food tech industry and unicorns in 2023

26 Dec 2023 Read: 3 min.

French consulting firm DigitalFoodLab's FoodTech in Europe Report for 2023 examines the state of the market and the road ahead. It has found that, although investments are decreasing, "things are still looking quite good for the future of Europe’s FoodTech". So, what exactly is FoodTech? DigitalFoodLab summarises it as "the ecosystem made up of all…

AMERICAS ASIA BEVERAGES EUROPE retail

WILL COURVOISIER COGNAC, WITH SALES OF $249 MILLION IN 2022, BE A STRATEGIC GAIN FOR CAMPARI?

25 Dec 2023 Read: 4 min.

Two drinks giants, Italy’s Campari Group and Beam Suntory have entered into exclusive negotiations to respectively acquire and sell Courvoisier, through the 100% purchase of the share capital of Beam Holding France S.A.S. which owns the cognac brand.

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