Food & Beverage Industry Highlights
Approval Application for Cultivated Meat in EU French start-up Gourmey has submitted the first cultivated meat application in the EU, targeting cultivated foie gras. This marks a significant step in the novel food sector within Europe.
Dairy-Free Alternatives Innovation European food tech start-ups are addressing the growing demand for plant-based dairy solutions. These start-ups are focused on improving taste, texture, and environmental impact to provide comprehensive dairy-free alternatives.
Sustainability in Confectionery Consumer demand and evolving regulations are driving sustainability efforts in the confectionery sector. Key strategies include reducing waste, sourcing sustainable ingredients, and improving packaging.
Climate-Proof Chocolate A scientific breakthrough has led to the development of more climate-resilient cocoa trees. This innovation aims to secure the future of cacao-based products amid changing climate conditions.
Unilever’s Growth Strategy Unilever’s latest half-year results reveal a strategic shift towards volume growth rather than pricing. The company aims to navigate market deflation by increasing sales volumes.
Animal Protein Industry Insights
Seaboard Foods Settles Price-Fixing Allegations Seaboard Foods has settled two lawsuits related to pork price-fixing, agreeing to pay nearly $15 million. This settlement addresses longstanding allegations against the company.
Advanced Biosecurity Measures Lanxess has introduced Glutex GQ1 and Glutex GS2, innovative liquid disinfectants aimed at improving biosecurity in swine farming. These products are designed to tackle pathogen contamination effectively.
ASF Outbreak in Germany A new case of African Swine Fever (ASF) has been reported in Hesse, Germany. The affected farm houses around 1,800 domestic pigs, raising concerns about disease control and biosecurity measures.
EU-27 Oilseed Production Forecast Oilseed production in the EU-27 for 2023 has been assessed, with forecasts for 2024 indicating potential growth. This data is crucial for market analysis and strategic planning in the oilseed sector.
Pork Market Developments in the Philippines Spain continues to be a major pork supplier to the Philippines, exporting 145,000 tons in 2023. This highlights the robust trade relations and market dynamics between the two countries.
Dairy Industry Updates
Kerry’s Profit Guidance Despite a dip in profits, Kerry has upgraded its earnings guidance, citing stable consumer demand. The company is navigating market challenges while aiming for long-term growth.
Heat Stress Impact on Dairy Cows Experts predict that heat stress will increasingly affect dairy cows. There is an urgent need for alternative management strategies to mitigate these impacts and ensure herd health.
Danone’s Volume Growth Danone reported increased like-for-like sales in H1 2024, driven by strong volume growth. The company’s categories are outperforming industry averages, reflecting effective market strategies.
Scholarships for Agriculture Students CentralStar Cooperative has awarded $1,000 scholarships to seven students pursuing agricultural degrees. This initiative supports the next generation of dairy and beef producers.
Demand for Lactose-Free School Milk A recent analysis reveals that less than 1% of school milk is lactose-free. Parents are advocating for more lactose-free options to promote nutrition equity for children with lactose intolerance.
Stay updated with the latest developments in the food, beverage, and animal protein industries to navigate market trends and business opportunities effectively.