Weekly Roundup: Egg Rationalization in Retail, ICL and Proterra Leveraging AI for Plant-Based Solutions
November 25, 2022 – In this week in industry news, Nestlé and L. Catterton have forged a partnership focused on the fresh prepared foods segment. Danish Crown has revealed its latest investment in a new bacon factory in the UK, and Lesaffre has strengthened its presence in Australia. Meanwhile, Ecotone has become the top-scoring global food company in B Corp recertification and a new report examined the cost of hog production in 17 countries.
In short: business moves
UK supermarkets are limiting the number of eggs consumers can buy. Big chains like Aldi, Asda, Lidl, Marks & Spencer, Morrisons and Tesco It only allows customers to go home with two boxes of eggs, because bird flu has hit producers hard. Farmers demand higher prices to make ends meet under other adverse conditions, such as higher chicken feed prices and skyrocketing energy costs.
Nestle And the L CatertonThe new partnership brings together Freshly and Kettle Cuisine, a manufacturer of fresh artisan foods for retail and foodservice customers. The combined company will focus on offering customers a broad range of fresh food products across different geographies and channels. L Catterton will be the majority owner, with Nestlé holding a minority stake.
Nestle Focuses on developing affordable foods and beverages that contain nutritious plant proteins to help people achieve adequate and balanced diets. With this in mind, nestle has developed a shelf-stable plant-based protein powder blend to complement affordable egg dishes in latin america. When cooking their favorite egg dishes, people can replace some of the eggs with nutritious soybeans.Basically, it results in an equal amount of protein and less saturated fat and cholesterol at a lower cost compared to using more eggs instead. The product is fortified with iron to address one primary micronutrient deficiency. It is versatile for many dishes, such as scrambled eggs, omelettes, or bread.
Danish crown Unveiled significant investment in a new processing facility in Rochdale, UK, delivering high quality, traceable pork products that are produced more sustainably and for an important supply of bacon for the UK market. Danish Crown will invest more than £100m (US$121m) in the processing facility that will use processing technology to cut and pack bacon and ham produced to UK welfare and food safety standards. Production is expected to begin in the second half of 2023, and once fully operational, the plant will produce more than 900 metric tons of bacon and ham per week.
ICL Food Specialties Forces joined with Protera Biological SciencesAn AI-driven food technology startup that designs novel proteins that is used to develop sustainable, high-performance protein-based ingredients for food manufacturers. This partnership follows ICL’s 2021 investment in Protera via the ICL Planet Startup Hub, the vehicle ICL uses to invest and collaborate with innovative food and agritech companies on a global basis. ICL and Protera will develop and commercialize sustainable protein-based ingredients using micro-fermentation.
ack has acquired 100% of the shares in Arani Agricultural Oil Industries. The acquisition is in line with AAK’s strategy to expand geographically and increase market share in the high-value specialty oils and fats market in India. Arani operates from the port of Kakinada on the southeastern coast of India. Over the coming years, AAK will increase capacity and improve efficiency at the production facility. In addition, the investment will support the broader development of the area, and AAK will extend its community impact and support program in India to AAK’s newly acquired site.
Lesaffre Australia and the Pacific He opened a molasses extraction plant at the production site near Melbourne and unveiled improvements to the existing Baking Center in Sydney’s Mortlake, a showroom that trains customers, partners and employees in the art of baking. For Lesaffre, strengthening its presence in the region illustrates the group’s desire to expand its geographical footprint globally and to promote joint products derived from its activity in the circular economy.
water Focused on cost reduction amid soaring inflation and exploding energy prices. According to the Germany-based specialist in fixing and installation systems, the fluctuating availability and price fluctuations in the raw material markets present a major challenge to the food industry. The company is working on ways to reduce the cost of raw materials in installing systems, as well as developing new systems on this basis. One example of this is ice cream. Locust bean gum is a popular ingredient here thanks to its many functional properties. For example, it gives slow and gentle melting and prevents the formation of ice crystals. It also gives ice cream a fuller, mouth-watering feel, and makes it creamier and “warmer”. Prices have eased off a bit after a huge jump in the spring, but bubble gum still costs four times as much as it did a year or two ago.
In short: sustainability efforts
Ecoton, which works in the field of organic, vegan and fair trade foods, has released its latest Sustainability Report and Food for Biodiversity Action Plan. The report coincides with Ecotone’s B Corp re-certification, becoming the highest-scoring global food company in the world with a score of 116.5 — surpassing the previous score of 91.7 achieved in 2019. The average B Corp ratings score is 50.9, with a certification of 80 as the minimum.
The European Financial Reporting Advisory Group He submitted the first draft standards for mandatory sustainability reporting by large companies in the European Union to the European Commission. This is important for consumers because it means companies must publish comprehensive and comparable information about their sustainability, from environmental impact to workers’ rights. This will help investors and consumers to invest and buy more sustainably and contribute to the EU’s sustainability goals.
In short: other highlights
board of directors African Development Fund Approved a US$27.9 million grant for Ghana to develop agricultural value chains in the Savannah region. The grant will increase Producing climate-resilient maize, rice and soybeans, supports the poultry value chain and creates jobs for women and youth. It will increase farmers’ income and support family nutrition, especially in the most vulnerable female-headed households.
The Agricultural and Horticultural Development Council An annual report examining the cost of pork production in 17 countries. The cost of pig production in select countries has been updated with full-year data from 2021, showing that costs per gigabyte for indoor pigs increased by 20% to £1.79 ($2.17) per kg. All EU countries saw production costs increase compared to 2020, averaging £1.50 ($1.82) per kg dead weight, up 6% in pound sterling terms. The UK reference price of £1.50 ($1.82) per kg was 7% lower in 2021 than the previous year, resulting in negative margins for the full year.
By Elizabeth Green
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