Quick Overview Of The Headlines

Russia cuts fertilizer supplies, hurting Brazil, one of their major customersThe Wall Street Journal

Brazil, one of the most influential breadbaskets in the world, is now searching for new fertilizer suppliers as the Russian trade ministry calls for a broad suspension of fertilizer exports. Global food prices are expected to be affected by this change, as the country is the world’s largest producer of coffee, sugar, and soybeans.

Waste2Func obtains US$7.4M grant to convert food waste into valuable raw materialsFood Ingredients First

Waste2Func, an EU-based initiative to reduce the effects of food waste, has been awarded a US$7.4M grant that will be used to expand their efforts. The project aims to convert food waste into valuable raw materials that can be used to create a wide range of everyday products.

 

United States Breadmakers Wary of Escalating Costs as Conflict Engulfs the Wheat TradeBloomberg

Several US-based bakeries have already raised their prices amidst the ongoing surge in wheat prices and rampant speculation. Together, both Russia and Ukraine are responsible for approximately 25% of the world’s grain exports and industry experts are expecting things to get worse as confusion and turmoil surrounds the Black Sea trade

Flashfood, the Ambitious Food Waste Reduction App, Raises $12.3 MillionGrocery Dive

Flashfood, the ambitious food waste reduction app, has partnered with numerous grocers in the US and Canada – now being available in over 1,200 stores. The free app has raised $12.3 million in a Series A funding round and plans to use it to expand its US presence.

Innovative Cape Town Dairy Startup Serves as Africa’s First Leap Into the Growing Animal-Free Dairy MovementVegNews

De Novo Dairy, the first precision fermentation company in Africa, is creating milk proteins, which are molecularly identical to those in cow’s milk, to manufacture dairy products without exploiting animals. The company has attracted early-stage investment from CULT Food Science, a Canadian investment company focused on supporting and advancing the technology behind the future of food.

New York startup Popchew aims to help creators and local food brands better utilize digital infrastructure – TechCrunch

Popchew, a recent New York-based startup, seeks to help creators grow their digitally native food brands in a matter of weeks. The company has recently secured $3.6 million in seed funding and aims to launch new brands every month.

Global food protectionism continues to rise as Hungary introduces a ban on grain exportsYahoo! Finance

Amidst the growing disruption that Russia’s invasion of Ukraine is having on the global agricultural trade industry, several governments have enacted measures to preserve domestic food supplies. In addition to Hungary’s ban on grain exports, Argentina and Turkey have also enacted similar measures.

 

Food & Health News- January 2022

Food Forecasters Predict the Future of American Eating in 2022

Various issues that were facing this year such as the new and quickly spreading omicron variant,  economic uncertainty, social justice issues, and a fast changing climate will affect the food industry in 2022. Consumers are likely to pursue healthy, cheap, eco-friendly food options for 2022. 

Forecasters predict that plant-based foods such as mushroom-based products, foods with kelp, and plant based meat. Eco-friendly products such as edible spoons, chopsticks, plates, bowls and cups as well as robusta coffee a cheaper, and easier to produce option than coffee beans, which is getting harder to produce and more expensive due to climate change. Read more here

 


Unilever & Gut Microbiome Company Holobiome Partner To Innovate Mental Health Enhancing Beverage Products 

The gut microbiome is now considered an essential organ by many scientists.In the gut it contains 70% of the immune system, and 90% percent of the body’s mood-elevating serotonin. This is a concern for most consumers which is why food companies, such as Unilever and Holobiome, are looking to identify ingredients that interact with bacteria in the gut that have been discovered to use neurotransmitters to signal to the brain.

Unilever and Holobiome have partnered to do research that aims to identify specific ingredients that interact with the special bacteria. The screening process will attempt to identify prebiotics, a type of food beneficial for gut microbes, it is also a type of food that Unilever is experienced in selling in products. The research is expected to come out near the end of 2022. Read more here

 

Nestle Identifies Trends that will Shape the Food Industry in 2022 

With changing food trends due to the pandemic, food companies have to adjust to the latest trends for best customer satisfaction. Nestle has identified various trends in the food industry and is working to adjust and go along with these trends embracing new ideas such as online sales for food, at home breakfast and lunch options, and more.

With growing caution due to the pandemic, consumers are staying at home more to reduce risk of exposure to COVID-19. This means that online shopping services have been more heavily used and relied on more than ever before. Nestle has noticed this trend and as a result has revealed their intention to increase online sales with plans for 25 percent of their revenue coming from this option by 2025. Another new trend that has come about during the pandemic, at home breakfast and lunch. With many working from home consumers have been looking for “heat and eat” meal solutions and Nestle has started Life Cuisine which offers these times of meals.Nestle has also begun to embrace other trends such as the surge in snacking, and plant based products. Read More Here