NewsBite Podcast (May 9 - 13): Kerry invests US$36M in South African food facility
This week, Kerry research revealed that sustainability and health are the key drivers for flexitarians. The taste and nutrition company also opened a new facility in South Africa as it aims to “reinvigorate forgotten traditional dishes.” Barry Callebaut revealed plans to meet the increasing demand for premium chocolate indulgence as it expands its markets in Africa.
This week’s NewsBite episode delves into the advancements in precision fermentation and other food technologies. Food and ingredient costs continue to rise, and the environmental impact of food is also being spotlighted.
This week in industry news, Hershey and Nestlé struggle with their supply chain, UK and India are negotiating a trade deal with the aim of doubling bilateral trade by 2030 and ADM is backing up ScaleUp Bio accelerator poised to grow precision fermentation start-ups in Singapore.
In industry news this week, Migros and SuperMeat partnered to scale cell-based meat products, while Merit presented its membrane filtration technology for new pea protein poised for ready-to-drink beverages. Meanwhile, blazing heat scorched European agriculture exacerbating climate worries, ravaging crops... Read More
This week, the FAO delivered its latest plan to ensure export of vital grains and rescue upcoming harvest in Ukraine. Meanwhile, the European Court of Auditors (ECA) recommends that EU countries engage more proactively against fraudulent practices in agricultural spending and the EU Parliament denounces... Read More
This week, we talk about Canadian Health deeming titanium dioxide as “safe for consumption.” We also analyze the latest regarding the Ukraine war and this week’s G7 meeting. Meanwhile, Ben & Jerry ice cream will be sold again in Israel despite Ben & Jerry itself opposing its parent company, Unilever’s, move.... Read More
This week, a new FAO and European Bank for Reconstruction and Development report warned that efforts in the food industry to commit to carbon emission reduction targets have been “uneven”. Meanwhile, the Kellogg’s Company divided itself into three independent public companies in a major shake-up that sees a... Read More
This week, rice supplies came into the spotlight as the war in Ukraine was revealed to further disrupt food security, while MEPs revealed they would visit Ukraine-Polish border in bid to liberate wheat as costs continue to rise. Meanwhile, a host of plant breeding advancements are facilitating the... Read More
This week, Ecom unveiled a Cocoa Charter targeting biodiversity with big aims for zero deforestation by 2023. Meanwhile, nations in Africa joined to boost cocoa incomes amid significantly bad harvests and fertilizer shortages. In other highlights, barley rust breakthrough was hailed as a new tactic fighting... Read More
This week, we talk about the microalgae market, an upwards market used in health and wellness, dietary supplements, natural food colors, vegetarian products and nutraceuticals. We analyze the food corridors as the EU is wrapping its mind around how to extract 20 million metric tons of wheat out of Ukraine.... Read More
This week, Good Meat announced plans to scale industry’s largest known bioreactors for producing cell-based meat, in Singapore and the US, which will produce up to 30 million pounds of slaughter-free clean protein. A mustard shortage caused by depleted harvests in France and Canada is leading consumers to... Read More
This week, Swedish business Melt&Marble – a specialist in precision fermentation to produce customized fats for plant-based foods – unveiled its non-animal fat with the properties of beef fat. In other highlights, Motif FoodWorks and NemaLife partnered to advance plant-based food technology using in vivo... Read More
This week, cell-based solutions provider Matrix F.T. announced plans to scale a new wet lab for designing custom scaffolding systems in cultured meat. CellMEAT, a cell-based shrimp manufacturer plans to bring its flagship Dokdo shrimp to markets in Korea, the US and Singapore by 2024. Meanwhile, IFF and... Read More
This week, Nestlé revealed in third-quarter results that it has raised prices for its products by 5.2% to counterbalance the surge in global costs driven by inflation, climate change and conflict. Chr. Hansen unveiled a new culture range for plant-based meat alternatives, while the Dutch government invested... Read More
Aleph Farms is pioneering cell-based collagen, a new animal welfare report slams the inaction of food business lagging on targets, while Swiss-Ghanaian start-up Koa’s blockchain platform tackles cocoa supply chain scandals and farmer poverty. Additionally, Ajinomoto enters the cell-based meat race with... Read More
This week, the Global Alliance for Improved Nutrition flagged that devastated supply chains in Ukraine and Russia are constraining wheat, corn, sunflower oil and barley exports. A host of major corporations such as McDonald’s, PepsiCo, Starbucks, Coca-Cola, Heineken, Unilever, KFC and Danone are left facing... Read More
This week, Yali Bio raised US$3.9 million in seed funding to scale its precision fermentation technology used in cultivating “designer fats” for plant-based meat alternatives, bringing total funding to US$5 million. Symrise developed a system called ProtiScan, which analyzes and characterizes diverse protein... Read More
This week, UK industry saw trade volumes suppressed by the impact of the COVID-19 pandemic and the pressure of Brexit and border delays. ADM released its overview highlighting the latest trends in alternative protein, while Synergy Flavours leveraged “pairing charts” to inspire a new spritzers range keeping... Read More