According to Fact.MR, a market research and competitive intelligence provider, the global sensory additives market is estimated at US$ 23.4 billion in 2022. It is expected to expand at a CAGR of 4.4 percent across the forecast period of 2022 to 2032. Due to the pandemic, the relationship between consumers and food has changed significantly. With fewer options for dining out, social networking sites emerged as a secure alternative for people to satisfy their food cravings. Cookery shows, … [Read more...] about Increased Consumption of Processed Food Due to Changing Lifestyles Parallelly Escalating Use of Sensory Additives, Says Fact.MR
Market Trends
Kerry showcases good performance, revenue shows 15.2% organic growth
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
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
