Kerry’s financial results for the first half of 2022 increased by 13.3 percent to € 4.1 billion (US$4,19 billion), showcasing an organic growth of 15.2 percent overall. The ingredients company celebrates the overall performance and hopes this will continue despite the concerns over inflation and geopolitical uncertainty, shares its CEO, Edmond Scanlon. “Volume growth was solid in both retail and foodservice channels, driven by an increased level of innovation … [Read more...] about Kerry showcases good performance, revenue shows 15.2% organic growth
Market Trends
Going beyond supporting sustainability in alternative protein
Protein is an essential source of nutrition and there is a growing demand for it, forecasted to increase by 78% in 2050. As the protein system in the food and beverage industry involves both consumption and production, it becomes necessary to conduct these two processes within planetary boundaries. However, as the traditional meat industry is a high-energy, high-resource type, negative impacts on the nitrogen cycle balance, water quality and biodiversity are to be expected. For … [Read more...] about Going beyond supporting sustainability in alternative protein
Focusing on convenience, local ingredients and sustainability driving F&B growth in 2022
Supporting holistic health and wellness continue to be at the forefront of trends in the food and beverage (F&B) industry, with the COVID-19 pandemic still a key driver. The consumers of today have gone through this mentally and physically stressful time, resulting in a hyperfocus on self-care through nutrition. They are aware of the link between the food they consume and their health, and want to be more proactive in taking care of themselves and their loved ones. Making more … [Read more...] about Focusing on convenience, local ingredients and sustainability driving F&B growth in 2022
