October 18, 2021

Markets

Chilled Processed Foods: Global Market Impact of COVID-19

Amid the COVID-19 crisis, the global market for Chilled Processed Foods estimated at US$355 Billion in the year 2020, is projected to reach a revised size of US$458.3 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Processed Meat, one of the segments analyzed in the report, is projected to

Naturally sweeter approach to reducing sugar in food and beverages

Concern over sugar intake and interest in sugar reduction is driving an increasingly sophisticated approach to sweetening food and beverages with a focus on three parallel areas: natural sweeteners, less sweetening and no sweetness. Innova Market Insights’ latest Ingredient Insider report analyzes trends in sugar reduction and the use of sweeteners in food and beverages.

USDA-NASS Projects Smaller Crop in 2021

The California Almond Objective Measurement Report, published early this week by the United States Department of Agriculture-National Agricultural Statistics Service (USDA-NASS), estimates that the 2021 crop will come in at 2.8 billion meat pounds, 10 percent below last year’s record of 3.1 billion pounds. The drop comes during a very difficult water year across California and

IFAD’s new investment programme to boost private funding

Rural businesses, which are so vital for transforming our food systems, will get a much-needed boost from an ambitious new financing programme launched today by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries. The Private Sector Financing

President of Mozambique launches IFAD-supported project to boost aquaculture

On 28 May 2021, Filipe Jacinto Nyusi, President of the Republic of Mozambique, launched a new project to reduce poverty and increase production and incomes through aquaculture for more than 88,000 rural small-scale fish farmers. The launch took place in Chitima, Tete Province. Supported by the International Fund for Agricultural Development (IFAD), the PRODAPE project

Al Dahra BayWa boosts logistics and distribution strategy with Dubai expansion

Al Dahra BayWa, a leading sustainable agribusiness company in the UAE, has announced the opening of its facility in Dubai as part of its plan to expand its operations and to be closer to its customers and suppliers. The move will ensure optimum distribution to Dubai and the northern emirates of its locally grown, premium

Al Dahra BayWa rolls out to UAE markets

Al Dahra BayWa, a leading UAE-based sustainable agribusiness company, has announced that it has rolled out the market distribution of its first harvest of locally grown tomatoes. The premium tomatoes under its Mahalli brand offering are set to be delivered from Al Dahra BayWa’s facility in Al Ain to supermarkets, restaurants, retail stores and food

Former Brazilian Ambassador Osmar Chohfi as new president appointed as the new President of Arab-Brazilian Chamber of Commerce

ABCC appoints former Brazilian Ambassador as the new president

The Arab-Brazilian Chamber of Commerce (ABCC) has announced the appointment of former Ambassador Osmar Chohfi as its new President. Chohfi, whose selection was formally confirmed by the ABCC Board recently, will replace Rubens Hannun, who helmed the ABCC in the past four years. As he assumes the ABCC’s presidency, he vowed to lead the Arab

Get ready for future bonus: HOBART

HOBART launches new promotion to support the market “GET READY! for the future”: All of us are longing for a morecarefree atmosphere and enjoyable experiences outside of our own homes. However, we can only achieve this with safe hygiene concepts and functioning kitchens. With its new promotional campaign GET READY! FUTURE BONUS, the ware-washing technology

KFC Owner Yum Brands Reports Digital Sales of $17 Billion in 2020, Up By 45% YoY

Despite the blow of pandemic restrictions in 2020, Yum Brands’ earnings for the year topped analysts’ estimates. According to the research data analyzed and published by Stock Apps, the company’s Q4 2020 revenue grew by 3% year-over-year (YoY) to $1.74 billion, higher than the expected $1.72 billion. For the full year, digital sales rose by 45%

‘Better-for-you’ sweet treats

The drive towards healthier choices in food and beverages has become so strong that it is even relevant to treating. Taste quality is essential to confectionery, sweet bakery, ice cream and desserts, however, formulating ‘better–for–you’ sweet treats can be challenging.  Sugar is inherent to the concept of treating and is therefore a particularly important focus for ‘better–for–you’ development. In fact, research shows that 91% of consumers

Disruptions from COVID-19: ‘Build forward better’ not just get back to normal

New research examines disruptions from COVID-19 to the seafood sector and puts forth evidence-based recommendations for building future resilience in food systems.    New research on the impacts of COVID-19 disruptions to a highly globalized seafood sector reveals crucial lessons for making food systems more resilient in the face of future shocks, limiting threats to global food and nutrition security, and their negative impact on livelihoods and local economies.  Published in Global Food Security, the study outlines a food system resilience ‘action

£80m expansion of Selby plant: Boost to Yorkshire economy

Investment will create 75 new jobs and support hundreds more in the supply chain, as well as double production, add new lines and increase business for Yorkshire farmers. Italian-owned agribusiness Sedamyl has today announced major plans to expand its Yorkshire plant which will see it double production, create additional jobs, add new product lines, and provide an increased market

831 food and drink acquisitions in 2020

2020 broke records again for the number of food and drink transactions around the world, with 831 registered on the Zenith Global mergers and acquisitions database, an average of 16 each week. The total is 42 more than in 2019 and 40% higher than 5 years ago.  The number has risen every year since a

AOAC validated test to help protect staff, brands, business, and public health

The British Medical Journal has called meat plants the “new front line” in the COVID-19 pandemic.1 But they are not the only facilities at risk. A report released by shareholder advisor Pirc in September said there had been at least 1,461 SARS-CoV-2 infections and six deaths linked to the UK’s food processing plants this year.2