Kerry partners with IBM in developing an AI tool that predicts trends in the F&B industry

IRELAND – Kerry Group, in partnership with IBM recently launched a proprietary, predictive artificial intelligence (AI) tool, Kerry Trendspotter, to forecast future trends in food and beverage. The artificial intelligence tool is designed to improve […]

USDA announces intent to ensure adequate sugar supply as production estimates decline

USA – The U.S. Department of Agriculture (USDA) has announced that it fully intends to take appropriate actions to ensure an adequate supply of sugar to the US market. In the recent past, prospects for […]

Mondelēz International’s snacking report highlights trends in global snacking market

UK – Mondelēz International has released its first-ever state of snacking report exploring the evolving global consumer snacking trends and examining the role snacking plays across the world in meeting consumers’ evolving needs. The study […]

Plant based foods, regenerative agriculture among top food trends for 2020

USA – The food and beverage industry is emerging as a high-growth, high-profit industry with huge potential, especially in the food processing, packaging and functional foods segment. Technological breakthroughs have enabled manufacturers to face a […]

Positive prospects in convenience foods sector to benefit flavor carriers market through 2028

USA – The flavor carriers market value reached nearly US$1.38 billion in 2018 and is forecasted to grow at CAGR of 3.0% to reach US$1.85 billion by the end of 2028, according to the recently […]

Rising generation of food consumers is more open to new food tech, study shows

USA – The newest generation of food consumers with purchasing power, Gen Z, is more open to food technology than older generations, according to new research from global communications consultancy Ketchum. The study, titled ‘Ketchum’s […]

India’s online grocery retail market set to reach US$10.5bn by 2023

INDIA – Online food and grocery retail in India is estimated to hit US$10.5 billion or 1.2% of the overall market by 2023, according to a recent report released by consulting firm Redseer. Redseer forecasts […]

Soy protein isolate market to reach US$3.8bn by 2027 on increased demand for vegan products

WORLD – Revenue generated by the global soy protein isolate market is estimated to be approximately US$2.6 bn in 2019 and projected to increase at a CAGR of about 5% to reach US$3.8bn by 2027. According […]

USDA reduces United States’ corn and soybean production forecasts to five-year low

USA – The U.S. Department of Agriculture in a recent report placed the projected production of corn in the Unites States at 13.779 billion bushels, down by 19.816 million bushels from the September forecast. In […]