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What goes around, comes around: Circular economy and waste reduction

Feb 2018

Contributing to a circular economy and waste reduction is both a challenge and an opportunity for food and beverage businesses. From start-ups to multinationals, environment positioning is paramount. This can be achieved by reducing resource input, waste and emissions, adopting sustainable practices and impact compensation programs. How to preserve the value of resources with as little impact on the environment as possible while capitalizing on disruptions within the industry is the key to a sustainable yet profitable business. 

1.    Continente Carrot Jam (Portugal)
Bol Smokey Tomato And Lentil Protein Boosting Super Soup (UK)
3.    Five Mountains Grand Crimson Heirloom Organic Black Tea (US)
4.    Bio Hunza Dried Fruits And Nuts Premium Cashews (Pakistan)
5. Lovechock Chocolate Bar With Pineapple And Inca Berries (Germany).
6.    Mighty Leaf Whole Leaf Tea: Organic Spring Jasmine (US)
7.    Back To The Roots Biodynamic Cinnamon Flakes (US)
8.    Mini Marie Tea Marie Brown Infusion Of Rooibos And Cinnamon Loose Leaves Tea (Belgium)
9.    Vital Farms Alfresco Pasture-Raised 12 Grade A Large Eggs (US)
10. Biolicious Jamaica Hibiscus Flower Tea (Mexico)

5/10

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Lovechock Chocolate Bar With Pineapple And Inca Berries (Germany). Organic and vegan raw dark chocolate bar with pineapple and Inca berries (physalis). Dark chocolate with 81% cocoa. Certified organic. Suitable for vegans. Gluten-free. Dairy free. Direct trade. Palm oil free. Recyclable packaging. Green Dot Certified. PEFC Certification. Foil4soil (compostable).

Innova Market Insights data indicates that there is a 2% growth in snack launches globally from 2019 to 2023. Snack Nuts & Seeds (21%) was the leading subcategory of snacks, but Finger Foods/Hors D’oeuvres was growing fastest with 8% growth from 2019 to 2023. Additionally, there was a notable surge in launches for plant-based snacks, which saw a 24% growth from 2019 to 2023.
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Innova Market Insights data indicates that the use of protein ingredients in food and beverage launches globally had a 3% average annual growth from 2019 to 2023, with Bakery being the leading category. Plant-based claims grew the fastest, with a notable increase of 27%. This surge has led to the rise of various plant proteins such as lentil protein, fava bean protein concentrate, field bean protein, and others.
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Innova Market Insights data indicates that there is a growth in low/no/reduced sodium claims in various food & beverage categories. Hot Drinks had a 24% average annual growth from 2021 to 2023. Categories Desserts & Ice Cream and Meat, Fish & Eggs are also on the growth path and show innovation potential.
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Innova Market Insights data indicates that organic claims are expanding into various food & beverage subcategories, painting a new landscape for the use of this claim. Organic flavored alcoholic beverages had a 35% average annual growth from 2019 to 2023. Other subcategories are also gaining ground, like wrapped chocolate pieces and others.
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Innova Market Insights data indicates there is a 2% average annual growth globally in cocoa ingredient use for food & beverage launches. Confectionery is a leader of these launches, with chocolate being the frontrunner, but there is fast growth of cocoa use in meat substitutes with 61% growth from October 2018 to September 2023.
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Consumers are rushing into the world of bold and exciting flavors. Innova Market Insights predicts that flower & botanical flavors will take the lead in food & beverage flavor innovation in 2024. Other flavor trends on the rise include nostalgic vibes, fantasy flavors, emphasis on local delights and a mix of sweet and sour influences.
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