Latest News

MycoTechnology raises $85M for innovation and international expansion

Dive Brief: Fermented mushroom ingredients powerhouse MycoTechnology raised $85 million in a Series E investment. The round was led by a group affiliated with the Oman Investment Authority, a first-time investor in the company. Other participants include Griffith Foods’ venture capital group Nourish Ventures, S2G Ventures, Tyson Ventures, Continental Grain, Bunge Ventures and Maple Leaf Foods. MycoTechnology plans to use this funding to build on its proprietary fermentation platform. The Colorado-based firm also will expand to Europe, Asia and the Middle East. With this investment, MycoTechnology has raised more than $200 million. MycoTechnology has been in the fermented mycelium ingredients business since 2013. It has created solutions that block bitter flavors, reduce salt and enhance
Articles

Indoor farming to reach an estimated $155.6B by 2026

Dive Brief: Indoor farming was a $79.3 billion market in 2021, according to PitchBook, which expects the segment to expand at a 14.4% compound annual growth rate to hit $155.6 billion by 2026. The indoor farming space, including growers and providers of growing systems, raised a total of $1.6 billion through 70 deals in 2021, marking a more than 36% increase year over year, according to PitchBook. The bulk of this funding — or $1.3 billion — went to indoor growers, which raised 25% more year over year. As controlled environment agriculture players raise massive funding rounds and invest in technology to boost their production and cost efficiencies, the segment has tremendous potential to gain even more traction — if it can get a handle on its sizable startup costs. In the fourth quarter of

Global Snack Foods Market to Reach $732.6 Billion by 2026

Demand for snack foods globally is increasing steadily as hectic schedules and busy lifestyles are driving consumers supplant traditional meal occasions with convenient and healthy snack options. Demand in the global market is being driven by changing dietary habits and rapid urbanization in the developing countries.
Ingredients & Additives

Natural Food Colours Market Expectations & Growth Trends Highlighted Until 2028

Future Market Insights’ outlook on the natural food colours market studies the growth path of the global market over a 10 year period from 2018 to 2028. According to the report, growing consumer preferences for natural food colours over synthetic variants is anticipated to drive revenue growth in the coming decade. The study forecasts revenue from the sales of natural food colours to cross US$ 7,500 Mn by the end of 2018 and reach a value in excess of US$ 14,000 Mn towards the close of 2028. This translates to a CAGR of 6.5% in the next 10 years. Growing Health Awareness and Increasing Consumer Demands for Clean Label Food Products Boosting Sales of Natural Food Colours Over the years, there has been a steady rise in demand for clean label food and beverage products, especially in the

COCOA

cocoa, highly concentrated powder made from chocolate liquor—a paste prepared from cocoa beans, the fruit of the cacao—and used in beverages and as a flavouring ingredient. Cocoa is the key ingredient in chocolate and chocolate confections. The cocoa bean is the seed of the cacao tree (Theobroma cacao), a tropical
Packaging

Industry 4.0 and beyond

Industry 4.0, the automation of manufacturing and industrial processes with smart technology, featuring machine-to-machine communication and the internet of things, is omnipresent in the packaging industry. Elisabeth Skoda gains insights from two major players in the field on recent developments and innovations and explores the relatively new concept of Industry 5.0, which sets out to put the worker at the center.

Harvard team unveils biodegradable, anti-microbial food packaging material

A team of scientists from Nanyang Technological University, Singapore and Harvard University claims to have developed a ‘smart’ food packaging material that is biodegradable and kills microbes that are harmful to humans – all while extending the shelf-life of fresh fruit by two to three days. The water-proof food
Food Processing

Automation and Electronic Systems Technology in the Food Processing Industry

Just as smaller farms are disappearing and mega-farms are taking over growing food in the U.S., food processing plants are becoming huge corporate automated plants. They are powered by electronic systems technology from receiving the raw food products to their finished condition. Our population demands cheaper food and producers demand lower production costs and automation is the key. The way to keep production, wholesale, and retail prices at bay is with automation systems for meat, vegetable, fruit, bread, and other food production. Today’s inflation makes the situation even more serious, and consumers are stretching their budgets beyond the breaking point. Food producers are looking for more advanced ways to control costs so you and I can continue to enjoy our favorite food products.

What happens at a seafood processing plant?

What is a seafood processing plant? Seafood processing plants, also known as plants or processors, are facilities in which a range of procedures are done to prepare wild-caught and/or farmed seafood for eventual retail and consumption. As seafood is highly perishable, special care is needed to preserve it after

Will more meat packing capacity help avoid future disruptions?

Even as some states and the U.S. Department of Agriculture invest millions of dollars into expanding medium and small-scale meat processing, a new economic analysis cautions against seeing this development as insulation against the next “black swan” event, which is how the researchers describe the pandemic. COVID-19
Catering & Hospitality

6 Food Delivery Stocks to Watch

The COVID-19 pandemic caused explosive growth in the demand for food delivery services. With dine-in services closed or severely restricted in many parts of the U.S., restaurants increasingly relied on third-party delivery services to stay afloat. And, with consumers avoiding trips to stores, online grocery delivery and pickup services thrived. While demand for food delivery services has skyrocketed, transforming that demand into profits has proven difficult for some companies. Profitably delivering meals from restaurants is a competitive and low-margin business during the best of times. As consumer behavior shifts in the waning days of the pandemic, food delivery companies will need to prove their business model works in more normal times. DoorDash DoorDash is the leading third-party food

Digital communication is even more vital to guest experience post-pandemic

Staff shortages – on the rise due to the ongoing effects of the pandemic – is the latest challenge faced by our tourism operations that comes with the return in demand. Hoteliers are struggling to provide their usual services to guests, some even resorting to operate at lower capacity rather than risk a slip in
Country Reports
Logistics & Supply Chain

Key Technology Introduces High Capacity Veryx B210

Key Technology introduces the highest capacity digital sorter in the food processing industry - the new VERYX B210. With an inspection area over 2 meters wide, the belt-fed VERYX B210 maximizes throughput on high-capacity lines. Like all sorters in the VERYX family, the new B210 features advanced detection technology and an innovative system architecture that improve sorting accuracy. Recognizing objects' color, size, shape and/or structural properties, VERYX sorters remove foreign material (FM) and product defects to improve product quality while virtually eliminating false rejects to increase yields. Featuring a 2100-mm wide inspection zone, VERYX B210 offers a production capacity in excess of 23 metric tons (50,000 lb.) of product per hour, depending on the application. With an

Food Supply Chain Industry

Numerous factors, such as forecasting accuracy, meaningful synthesis of business data, and increasing awareness about the benefits offered by supply chain analytics, are collectively responsible for driving growth of the market. Supply chain analytics solutions facilitate better strategic decision making, and help

Automation

Industrial Automation can be defined as the use of computer aided control devices to operate different industrial processes by replacing human involvement. Industrial automation helps to operate multiple processes in controlled manner. It helps for mass production by reducing time and increasing production quality.
Industry Experts

8 ENTERPRISE TECHNOLOGY PREDICTIONS FOR 2020

A new year (and a new decade!) is almost upon us. It wouldn’t be December without sharing my thoughts on the tech trends and developments we can anticipate in 2020. Here are eight important, but not obvious, technology trends just over the horizon.

The Consistency Strategy

Chris Gibson is an author, a franchise veteran and a F&B specialist with over 25 years of experience in the industry. After heading up some well-known brands that have restaurants all over the World, he is now based in the Middle East and is developing some exciting new food concepts with a vision to take these to new

Social Media Predicts Food Trends

New food trends are hard to predict. Food trends are strongly connected to different cultural aspects and are highly influenced by social media. Some big influencers in today’s society are the bloggers who have thousands and millions of followers. Bloggers use their platforms to promote different brands and lifestyles,
Events

Arabian Travel Market 2021 To Run Live Event In Dubai

Reed Travel Exhibitions, organiser of Arabian Travel Market (ATM), has announced that the 2021 edition of its annual showcase, will take place live at the Dubai World Trade Centre (DWTC) on Sunday 16 to Wednesday 19 May. Now in its 27th year and working in collaboration with DWTC and Dubai’s Department of Tourism and Commerce Marketing (DTCM), the theme of the show next year will be ‘A new dawn for travel and tourism’ and the spotlight will be thrown onto the current state of the industry and more importantly, what the future holds. It will also look at the emerging trends and how innovation can drive the industry forward. Supporting ATM’s theme, a recent Colliers report - MENA Hotel Forecasts, estimates that 2021 will be a year of recovery, based on the assumption that hotel performance

MEAT-TECH: A Fair In Person That Looks At The Future With Confidence

MEAT-TECH is a fair in person that promises to be the great return of the event dedicated to processing and packaging solutions for meat, cold cuts and ready meals industries which will take place at Fiera Milano from May 17th to 20th, 2021. The co-location with TuttoFOOD in May 2021 consolidates the image of a fair
Interviews & Profiles

De Groot: We Focus On The Market Of ‘Healthier Indulgence’

foodHQ conducted an interview with Gea de Groot, Product Group Manager Food Ingredients at FrieslandCampina Kievit. The company is a global manufacturer of beverage and food ingredients, and it is trusted by the world’s best loved brands to provide superior ingredient solutions.

The Five Pillars of Sustainability

Dr. Martin Berlekamp/Max Wolfmaier: Under the guiding principle of “rethink”, Schur Flexibles Group is presenting a sustainability program for greater environmental and climate protection. The recent European Plastics Strategy, developed by the EU Commission, is the result of an assessment of the global challenges

Sealing Technology: The Overlooked Backbone of a Successful Production Line

From product quality to output speed, uptime and design, sealing affects vital aspects of brand image and, ultimately, business success. However, the outcome depends on just how well the sealing technology is suited to the individual product, environment, production parameters and materials. The importance of the

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