Latest News in the food Industry
Market News
Cargill’s FATitudes survey indicates attitudes toward fats and oils are changing
3 Jun 2020
Twenty years ago fat was bad. Today, however, there are just bad fats. According to Cargill’s annual FATitudes survey, 68% of consumers are closely monitoring the amount and type of fat that is in their packaged food choices.
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Nielsen: Indian commodities became more expensive during lockdown
2 Jun 2020
In India, Nielsen found that basic commodities, including soft drinks, ghee, packaged tea and refined oils skyrocketed in price. In tandem with these price hikes, overall FMCG sales slumped by 34% in April, reported The Hindu Business Line.
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Food and alcohol predicted to be only categories with positive growth in 2020
1 Jun 2020
Thanks to the essential nature of the supermarket products, fresh food, hot drinks, packaged food and alcoholic beverages are forecast to grow in 2020, according to research by Euromonitor International. Alcohol will see the slowest growth out of these...
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Frito-Lay releases its new U.S. Snack Index, shows summer trends
29 May 2020
Frito-Lay’s annual snacking index reveals that 86% of Americans believe their summertime activities, and consequently their snacking habits, will be different this year due to COVID-19. Typical snacking occasions like group gatherings are not anticipat...
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Nestlé plans $100M plant-based manufacturing facility in China
27 May 2020
Swiss food giant Nestlé recently announced that it will invest 100 million Swiss francs ($103 million USD) to open a plant-based food manufacturing facility in the Tianjin Economic-Technological Development Area (TEDA), which is 72 miles outside of Bei...
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Malaysian firm develops package-less packaging
26 May 2020
A group of Malaysian Ph.D. students won the Institution of Engineering and Technology (IET) Save our Seas global engineering challenge with their new bagless approach to food packaging called the PICAS block. The competition is hosted in partnership wi...
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Mintel: coronavirus spurred French consumer toward local and functional foods
25 May 2020
After two months of strict confinement in France, market insights firm Mintel discovered that French consumer preferences have shifted to favor both local products and functional foods in a more pronounced manner than before the government enacted quar...
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COVID-19 may permanently change how we buy alcohol
21 May 2020
Online sales of alcohol are skyrocketing due to restrictions on movement that inhibit consumers from enjoying their favorite cocktails outside the confines of their house and deter in-person trips to the supermarket. According to data from Nielsen, e-c...
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U.S. online grocery sales surge 37% in April
21 May 2020
April was another record-breaking month for online grocery sales with shoppers surpassing March’s record-breaking $4 billion in sales to spend $5.3 billion for grocery delivery and pickup. This is a 37% increase over March, according to data from Brick...
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Report: Frozen Food sales to remain strong post-COVID 19
21 May 2020
March represented the peak for all frozen food sales in the U.S. with dollar figures rocketing 94% above the levels for the same time last year. However, things cooled off in April where volume sales were 30% to 35% above the same period last year. Ove...
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Ethanol shortages may affect the shelf life of packaged foods
20 May 2020
As demand for fuel has collapsed during the pandemic, so too has ethanol production – which is blended into gasoline – and its byproduct CO2. Due to CO2’s integral role in food production, fears about a shortage of carbon dioxide have spurred predicti...
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Stakeholders send letter to European Commission asking for standardized labeling across Europe
19 May 2020
A coalition of nearly 40 food and beverage industry titans sent a letter to the European Commission’s Commissioner for Health and Food Safety on April 27 calling for mandatory EU-wide adoption of consistent front of package labeling to combat the risin...
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