Event preview: Alimentaria 2018—an international food, drink and food service exhibition—will be held in Barcelona, Spain, from 16-19 April 2018. The food and drink industry is the driving force of the Spanish economy. The country’s total production value in 2016 reached over 96.4 billion euros (US$119 billion), and the industry’s…
Givaudan Acquires 40.6% Of Shares In Naturex
Swiss manufacturer of flavours Givaudan has entered into an agreement to acquire 40.6 percent of the shares in Naturex, a provider of plant-based ingredients, for 135 euros (US$168) per share and a total of 522 million euros (US$650 million). Givaudan Acquires 40.6% Of Shares In Naturex intends to launch a…
Food And Drink Texture Rising As Central Feature In Product Launches
One-fifth (20 percent) of food and drink launches in Europe in 2017 had a texture description, up from 17 percent the previous year, according to market intelligence company Mintel. Europe has featured the largest share of global food and drink launches with texture descriptions since January 2016. Markets in Asia…
Bottled Water Remains A Strong Performing Sector In Asia
While China remains one of the biggest bottled water markets globally, retail volume sales have been dipping, according to market intelligence company Mintel. In 2017, China’s bottled water market was forecast to reach sales volume of 27 billion litres, up from 25 billion litres in 2015. However, sales volume growth…
Kerry Expands Its Development And Application Centre In Thailand
The new facility espouses advanced research capabilities for local food and beverage innovation. Kerry, a provider of taste and nutrition solutions for the food and beverage industry, has announced the opening of its expanded Regional Development and Application Centre that is also designated as the first research centre for meat…
ADM Announces New Leadership Appointments To Support Its New Structure
Food processing company Archer Daniels Midland (ADM) has realigned its business segments across four units—Carbohydrate Solutions, Nutrition, Oilseeds and Origination, and has appointed leaders from its existing management team to lead the new segments. The following leaders from the existing management team to lead the new segments are: Chris Cuddy…
Tate & Lyle Expands Food Application Centre In Singapore
Tate & Lyle, a provider of speciality food ingredients and solutions, has completed a major expansion of its laboratory in Singapore, transforming it into a hub for food and beverage formulation. The company has upgraded and doubled the size of its application centre to meet growing industry demand for ingredients…
More Than Two-Thirds Of Consumers Will Be Grocery Shopping Online by 2024
US-based Food Marketing Institute (FMI) and market intelligence company Nielsen have released its second year findings of its "Digitally Engaged Food Shopper" study, and found that in as few as five to seven years, 70 percent of consumers will be grocery shopping online. Building on the joint research findings issued…
Prebiotic Ingredients Market Worth US$7.37 Billion
The global prebiotics ingredients market is estimated at US$4.07 billion in 2017 and is projected to reach a value of US$7.37 billion by 2023, according to market intelligence agency Marketsandmarkets. The prebiotics ingredients market is forecast to grow at a compound annual growth rate of 10.4 percent during the forecast…
Blockchain Food Safety Alliance Aims To Enhance Food Safety In China
Walmart, JD.com, IBM and Tsinghua University National Engineering Laboratory for E-Commerce Technologies are working together to form the Blockchain Food Safety Alliance. The group’s purpose is to enhance food safety, tracking and traceability in China. Blockchain technology is a distributed digital ledger technology that uses cryptography and timestamps to provide…
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