Europe plant protein market projected to nearly reach US$10bn by 2027

EUROPE – The Europe plant protein market was valued at US$5.808 billion in 2018 and is expected to grow at a CAGR of 5.9% during the forecast period 2019 – 2027, to account to US$9.452 billion by 2027, according to a recent report by ReportLinker. Plant protein is a natural protein derived from plant sources such as soy, wheat, pea, and others. Like animal proteins, plant proteins provide building blocks for healthy muscles and tissues in the human body and are also beneficial for weight loss. However, plant-based proteins tend…

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Ice cream market shifts towards greater pleasure and less guilt, says Innova

WORLD – Pleasure is still the driving force behind ice cream purchases, with consumers naming its taste, the fact that it’s a treat and makes people feel happy as the top three reasons for buying it, a new report from Innova Market Insights highlights. In the contemporary consumer environment, however, the study finds that the balance between health and indulgence is increasingly important – resulting to the ice cream category’s growing focus on delivering pleasure without the guilt. As far as the key macronutrients are concerned, for example, the focus…

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United States annual dairy exports hit five year high at US$6bn

USA – The United States reported an 8% year-on-year increase in annual dairy exports in 2019, reaching a new five year high of US$6.025 billion, according to data from the US Dairy Export Council. The value of dairy exports also represented a 25% increase over the last three years, despite volumes gain hitting a speed bump primarily due to reduced purchases from China and retaliatory tariffs which eroded U.S. competitiveness in China. During the twelve months period, US suppliers posted double-digit gains to four of their top six export markets…

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Profound nutritional understanding to propel the global fruit snacks market over US$9bn

WORLD – The global landscape of the food industry is rapidly transforming across all fronts and health foods are no longer a niche group – as they are starting to incorporate more mainstream food trends. While breakfast foods and energy drinks have gained precedence among the masses, fruit snacks are becoming popular and their consumption are expected to continue to grow at a steady clip. According to a recent report by Fact.MR, these conditions are expected to give the fruit snacks market a lucrative base for growth. Fact.MR projects that the…

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Demand for pulse flour to gather pace with increasing penetration of flour variants

WORLD – Heightened demand for plant-based and gluten-free foods from the food industry across the world is projected to give traction to the pulse flour market, making it a hub of profitable growth during the forecast period. This is according to a recent report on Pulse Flour Market launched by Fact.MR, which forecasts the global pulse flour market to accelerate at a stupendous CAGR of over 10% (double that of global flour market) during forecast period 2019 – 2026 The new research report indicates that the global pulse flour market is…

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Dairy alternatives diversify as the consumer case and complexities evolve

USA – Plant-based innovation in food and beverages is continuing to flourish as consumer interest in health, sustainability and ethics, which ties into the broader consumer lifestyle trend towards cleaner living continue to bulge. A recent Innova Market Insights report highlighted ‘The Plant Based Revolution’ as the number two of the Top 10 Trends expected in 2020, in which the dairy alternatives category represents a key battlefront in this consumer-driven revolt. Innova Market Insights has now released a new report from on the global dairy alternatives market highlighting the complexities…

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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 the probability and success of products launch by guiding manufacturers in the development of winning consumer-preferred products. According to Nielsen, rapidly shifting consumer preferences contribute to the failure of 85% of new food and beverage products within two years of launching. While significantly accelerating product innovation and time to market, Kerry said that the Trendspotter…

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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 US sugar production have declined significantly due to adverse weather in both sugar beet and sugarcane regions. In the November 2019 World Agricultural Supply & Demand Estimates Report, the US sugar production projection declined by 572,000 short tons raw value from the previous month, while ongoing weather concerns threaten further reductions. In the report, USDA…

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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 shows a rise in the global snacking market, underscored by regional parallels demonstrating how snacks are helping lead the future of food by delivering on the spectrum of needs that exists in our day-to-day lives. In the study, the snacks and confectionery firm examined the how the evolving consumer trends, such as a busy modern…

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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 published study report by Persistence Market Research. The global flavor carriers market is expected to substantially benefit from convenience food products and dairy industry including cheese, butter, snack products, packaged food, among others. According to the PMR report titled ‘Global Market Study on Flavor Carriers’, convenience food products are the prominent consumed foodstuffs in the…

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