Report slashes Halal growth forecast
Thompson Reuters has cut its growth forecast for the global Halal food market, saying the market will grow to just under US$1.6tn by 2020, instead of 2018 as predicted last year.
News & Analysis on Food & Beverage Development & Technology
Thompson Reuters has cut its growth forecast for the global Halal food market, saying the market will grow to just under US$1.6tn by 2020, instead of 2018 as predicted last year.
Sensing a shift in consumer eating habits and attitudes, several German meat companies are leading the way in innovation and NPD for meat substitutes: “We will be the first and last generation that eats meat every day,” says one.
An aquaculture project at Oman’s Almouj Marina has produced high-quality oysters with almost zero mortality, as researchers plan to refine the shellfish and ramp up production.
Unilever looks set to take a bigger share of the premium ice cream market in addition to moving towards its own retail presence through the acquisition of Italian gelato business Grom.
Poultry processors in South Africa are facing major changes after the Minister of Agriculture, Forestry and Fisheries, Senzeni Zokwana, approved long-anticipated amendments to the Poultry Meat Regulations.
EFSA delivers long-awaited safety assessment despite data craters
The European Food Safety Authority (EFSA) has said insect pathogens potentially harmful to humans are most likely to come from rearing and processing not intrinsically associated with the insect itself – but huge gaps in data remain.
Commodity prices are low and steadily falling according to the FAO – but this boon to food security comes at a cost to farmers and threatens to create a sluggish, unresponsive farming sector, it says.
The Middle East and North Africa (MENA) nutraceuticals market will be worth US$9.1bn this year, with growth set to accelerate up to 2020, according to a new report from Future Market Insights.
Impossible Foods, one of a new wave of Silicon Valley-backed companies promising to “transform the global food system”, has raised $108m in its latest round of financing, and says its first product – a plant-based burger that precisely replicates the...