Tag: Europe

Herbs and spices value chains most sustainable to fraud, European Commission report finds

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EUROPE – Herbs and spices are some of the most vulnerable to fraud value chains in Europe, a new report by the European Commission has revealed.   The report is the child of an EU-wide survey into herbs and spices authenticity, focusing on pepper, cumin, turmeric, saffron, and paprika.   In the survey, the commission detected food fraud in herbs and spices across the bloc and is calling for immediate action to correct the anomaly.   Of the six herbs and spices analysed, 17% of pepper was deemed at risk of adulteration, 14% for cumin, 11% for turmeric,…

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General Mills to sell European dough businesses in pursuit of sustainable, profitable growth

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EUROPE – American multinational consumer goods giant, General Mills has announced plans to sell its European dough businesses to Cérélia as it seeks to focus more on high-growth business segments.  The proposed sale would include General Mills’ branded and private label dough business in Germany, the UK, and Ireland – with its Knack & Back and Jus-Rol brands included in the transaction.   Each of the transactions is expected to close by the end of fiscal 2022, subject to regulatory approvals and customary closing conditions.   In Germany for instance, General Mill’s…

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Ardagh Group invests US$200m in new UK can plant to meet rising demand in Europe

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UK – Ardagh Metal Packaging (AMP), a division of Ardagh Group, is set to build a US$200 million beverage can facility near Belfast in Northern Ireland to meet rising demand from its customers in Europe.   The project is part of the firm’s multi-billion-dollar investment strategy to strengthen its recyclable metal packaging capacity in Europe, North America, and Brazil.   AMP’s CEO, Oliver Graham, said: “This exciting project is an important part of AMP’s global investment programme.   We are delighted to be investing in Northern Ireland, supporting our clients’ sustainability needs and further reducing our carbon footprint by…

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DoorDash expands into Europe with US$8.1B acquisition of Wolt

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FINLAND – American multinational food delivery giant, DoorDash is buying Finnish delivery service Wolt Enterprises as it seeks to expand into Europe and other markets.  The US$8.1 billion deal will bring DoorDash into 22 countries where it doesn’t currently operate, including Germany, Sweden, Hungary, and Israel.  DoorDash CEO Tony Xu revealed that the combined companies will reach 700 million people with Japan being the only market where both DoorDash and Wolt overlap.  “We believe these markets provide an opportunity to grow our international business to multiples of what it is…

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Sebastiano Pagano takes on new role as Synergy Flavours European chief executive

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EUROPE – Synergy Asia chief executive Sebastiano Pagano is set to take over responsibility for Synergy’s European markets, succeeding Steve Morgan who is stepping down from the role at the end of this year.  Morgan – who previously held senior roles at McCormick and Nuitricia – will also step down from his positions with various trade associations, including the UK Flavour Association and the Seasoning & Spice Association.  Commenting on his departure, Morgan said: “I have immensely enjoyed my working life in the food and beverage industry, with my proudest…

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Plant-based food’s future growth to be driven by price and choice, reveals Innova Market Insights

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EUROPE — Price and choice have been identified as the two key factors that will drive future growth of the incredibly popular plant-based food market, according to a new Europe-wide consumer research from Innova Market Insights.  As part of the EU-funded Smart Protein project, Innova Market Insights surveyed thousands of consumers across 10 countries to uncover their up-to-date views on plant-based products.   Almost half of all respondents said they had already reduced their meat consumption significantly, with just under 40% saying they were planning to do so in the near future.  …

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Molson Coors appoints Sergey Yeskov to succeed Simon Cox as Europe President and CEO

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EUROPE -Molson Coors Beverage Company has announced the appointment of Sergey Yeskov as President and CEO of its European operations, effective January 1, 2022.  Yeskov, the company’s current managing director of Central and Eastern Europe (CEE), will succeed Simon Cox, who is retiring from the role at the end of the year.  A native of Ukraine, Yeskov has held senior leadership positions for Molson Coors throughout the world including role as president and CEO of Molson Coors International where oversaw operations in India, Africa, Latin America, Japan and many more markets throughout the world.   He has…

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US spirits exports to Europe set to rebound following lifting of retaliatory tariffs

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EUROPE – Export of whiskey and bourbon products to the European Union by US distillers is set to rebound following a decision by the European Commission to lift retaliatory tariffs on spirits after three years.   The result will be a ‘significant boost’ to transatlantic trade which had been badly battered by the retaliatory tariffs, as well as helping distillers, farmers, and the wider restaurant and bar trade.   The US spirit industry found itself in the middle of a trade dispute between the US government and the EU over steel and aluminum exports.   The US…

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Just Egg set to launch in Europe following approval of key ingredient by food safety authority

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EUROPE- Eat Just is set to launch its plant-based egg product dubbed Just Egg in Europe following the European Food Safety Authority’s approval of a key ingredient used in the product’s formulation.  Just Egg’s key ingredient, mung bean protein, is isolated from dry mung bean seeds in a sequence of processing steps which produce a protein powder made up of ~85 % protein, 3-4% fat, and 3-5.5% moisture.  EFSA in a scientific opinion publication noted that the protein powder extracted from seeds of the Vigna radiata – or mung bean – plant…

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European sugar production rise as effect of beet yellows virus wanes

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EUROPE – Sugar production in the European Union is set to rise to 16.6 million metric tons (MMT) in Raw Sugar Equivalents (RSE) in the market year (MY) 2021/22, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).  USDA attributed the rise in sugar production to a healthy sugar beet crop that suffered less from beet yellows virus (BYV) disease when compared to the MY 2020/21 production.  For sugar beet, the main source of sugar for the EU, USDA has forecast production for…

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