Category: WORLD NEWS

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ABP achieves full ownership of Linden Foods as Synergy Flavors acquires Innova Flavors to expand meat alternatives offering

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IRELAND – ABP, Europe’s leading privately owned food processors, has reached an agreement in principle with Fane Valley Co-op to acquire the remaining 50% holding in Linden Food Group. According to a report by FoodBev, the transaction includes Linden Foods in Northern Ireland and Slaney Foods and Irish Country Meats (ICM) businesses in the Republic of Ireland which have been operated as ABP/Fane Valley joint venture for the last five years. ABP, Linden, Slaney and ICM will however, continue to operate under the same trading names for the ‘foreseeable’ future,…

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Firmenich opens R&D hub in Singapore to meet demand for plant-based foods in Asia

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SINGAPORE – Singapore’s thriving alternative protein ecosystem has attracted yet another food and ingredients company seeking to have a share of the rapidly expanding plant-based food sector in Asia. The latest company is Flavour and fragrance company Firmenich which has opened a new SmartProteins innovation hub to meet the rising demand for plant-based proteins in Asia. The research and development (R&D) hub will join a rising number of such research hubs including the recently opened Givaudan, Buhler joint Protein innovation center and ADM’s Biopolis research hub. Known as the Culinary…

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In 2021, consumers expect companies to protect health and interest of society, planet – Euromonitor

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GLOBAL – Protecting the health and interest of society and the planet is the new expectation that consumers have for companies in order to build back a better world post covid-19, according to a recently released report on Top 10 global consumer trends for 2021 by Euromonitor International. The global market research company notes that in the new age, consumers demand that companies care beyond revenue, and they no longer perceive businesses as profit-driven entities. As a result, more is required of them than just meeting demand for products, and…

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Pet care market to grow 7% by 2026, e-commerce projected to contribute a third of global sales – Euromonitor

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UK – The global pet care market is expected to continue benefits from a sales boom that spiked during the pandemic as more home owners globally adopted pets for the companionship they offered during the difficult and uncertain times. The influx of pet owners resulted in an explosion of demand for pet products. According to Euromonitor, Pet care sales soared by 8.7% in 2020. Pet food, accessories, beauty and grooming categories benefited the most from the pandemic with growth of 8.1%, 10.3% and 11.3%, respectively. Euromonitor now notes that the…

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Palsgaard appoints Michael Skriver as new global CCO

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DENMARK – Emulsifier manufacturer, Palsgaard has announced that Michael Skriver has joined the company as Chief Commercial Officer (CCO) effective  1st May 2021. According to a statement from Palsgaard, Michael joins Palsgaard after a distinguished international career, most recently as CCO of AAK Asia. He will be responsible for the further development of the company’s Sales, Application, Marketing and Product Management functions. He will be reporting to CEO Jakob Thøisen. Commenting on the appointment, Palsgaard CEO, Jakob Thøisen said: “Michael brings a wealth of experience in strategic commercial development and…

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New Zealand milk production forecast to reach record levels in 2021 despite of declining national dairy herd

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NEW ZEALAND – Milk production in New Zealand, one of the largest dairy producers in the world, is forecast to attain record production levels in 2021 despite of a shrinking national dairy herd. According to projections from the United States Department of Agriculture, total milk production is forecast at 22.2 million metric tons (MMT), 1.2 percent above the 21.98 MMT produced in 2020. USDA attributes the expected uptick in dairy production to an adequate preparation from farmers for the second half of the New Zealand production season and a cow…

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AB InBev names new CEO to succeed Carlos Brito, reports 17.2% rise in Q1 revenues

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BELGIUM – Michel Doukeris, president of the AB InBev’s North America business, has been unveiled as the CEO designate, to take over from Carlos Brito who has been at the helm of the company for 15 years. Carlos Brito has been credited as the man behind Anheuser-Busch InBev transformation into the world’s largest brewer through a series of high-profile deals. Brito, a 60-year-old Brazilian, has worked with AB InBev for over 32 years and he oversaw the integration of U.S. brewer Anheuser-Busch with the Belgian-Brazilian conglomerate InBev. More recently, he…

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Saudi Arabia privatizes barley imports and distribution business

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SAUDI ARABIA – The Saudi Arabian government has complemented the full privatization of barley imports and distribution business in line with its November 2020 decree.  The decision was implemented when the Saudi Grains Organization (SAGO) sold 1.84 million metric tons (MMT) of barley through an open and competitive bidding process to local grain traders. The quantity was made up of 1.42 MMT of barley stored at 22 packing terminals (mostly contract packers) and seven vessel loads of barley sailing to Saudi seaports carrying 60,000 MT each for a total of…

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Hilmar to build new cheese and whey facility in Kansas to meet rising demand

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US – Hilmar Cheese Company, one of the world’s largest producers of high quality American-style cheese and whey products, has announced plans to build a new state-of-the-art cheese and whey protein processing plant in Dodge City, Kansas, United States. The new facility will help Hilmar Cheese Company meet the growing demand of its customers and the marketplace for cheese and whey products worldwide. According to a report by Grand Review Research, the global whey protein market size was estimated at US$8.7 billion in 2019 and is expected to expand at…

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European Union allows commercialization of dried yellow mealworm

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EUROPE  – The European Union has approved the commercialization of of dried yellow mealworm and derived products across in its market following a novel food application submitted by the French insect producer Agronutris. With the approval, Agronutris now becomes the first European insect producer officially authorized to sell insects as human food in the EU. Additionally, this authorization will also benefit companies which intend to incorporate the ingredients produced or commercialized by Agronutris into insect-based products. This approval by the EU  follows a recent publication by the European Food Safety…

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