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 […]

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 […]

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 […]

Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a […]

Accelerating demand for natural low-calorie sweetener to bolster stevia sales – new study shows

WORLD – Increasing demand for natural lower calories sweetener is expected to drive growth in the global stevia market grow at a CAGR of approximately 7% in the next decade (2019-2029). This is according to […]

UK food industry makes further progress on sugar reduction

UK – Public Health England (PHE) has published its second-year highlighting the progress made by the food industry to voluntarily reduce sugar in everyday foods-indicating that food manufacturers have scaled up their efforts in the […]

Diageo maintains organic sales forecast despite uncertainties in global trade policies

UK – Multinational spirits maker, Diageo said that it expects to meet its full-year organic sales targets, adding that it had a good start to 2020 financial year. In a trading commentary ahead of the […]