Plant-based food sales to rise fivefold by 2030, says report
3 years, 4 months ago

Plant-based food sales to rise fivefold by 2030, says report

Live Mint  

The global market for plant-based foods could see fivefold growth by 2030 helped by rising demand for sustainable products, according to a Bloomberg Intelligence report. Sales of plant-based dairy and meat alternatives reached $29.4 billion in 2020, and could increase to $162 billion by 2030, comprising 7.7% of the global protein market. Demand is increasing as companies like Beyond Meat Inc., Impossible Foods Inc. and Oatly Inc. bring alternative protein products to more restaurants and grocery stores. Legacy food companies like Tyson Foods Inc., Kellogg Co. and Nestle SA are also competing in the space with their own plant-based burgers and milks.

Food Meat  growth  foods  meats  sales  fivefold  products  report  dairy  theyre  2030  meat  plantbased  protein  food  rise

History of this topic

Commerce ministry shifts focus to push fresh fruits and vegetables to US and EU
8 months, 2 weeks ago

Commerce ministry shifts focus to push fresh fruits and vegetables to US and EU

Live Mint  

New Delhi: With an export ban in place on rice and wheat, the union commerce ministry has shifted its focus to exports of agricultural products including fresh fruit and vegetables to new destinations, including the US, European Union and African countries, two persons said. This move, being rolled out by the Agricultural and Processed Food Products Export Development Authority is …

Beyond Meat revenue falls as rising demand in Europe can’t overcome plummeting US sales
1 year, 1 month ago

Beyond Meat revenue falls as rising demand in Europe can’t overcome plummeting US sales

Associated Press  

Beyond Meat’s revenue fell nearly 9% in the third quarter as higher sales of its plant-based meat in Europe failed to make up for plummeting demand in the U.S. Beyond Meat cut its third-quarter and full-year revenue forecast last week, saying an anticipated rebound in plant-based meat sales during the quarter didn’t occur. Beyond Meat’s international retail sales rose 39% …

Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak
1 year, 1 month ago

Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak

Associated Press  

Beyond Meat is cutting 19% of its non-production workforce after a weaker-than-expected third quarter. “We anticipated a modest return to growth in the third quarter of 2023 that did not occur,” Beyond Meat President and CEO Ethan Brown said in a statement. U.S. retail dollar sales of fresh meat alternatives, like sausage and burgers, were down 21.5% this year through …

Fake Meat Is Bleeding, but It’s Not Dead Yet
1 year, 4 months ago

Fake Meat Is Bleeding, but It’s Not Dead Yet

Wired  

The day it went public in May 2019, Beyond Meat’s stock soared by 163 percent—the best one-day performance for a major American company in nearly two decades. On an earnings call on August 7, 2023, Beyond Meat CEO Ethan Brown told investors that net revenues had decreased 31 percent year-on-year, prompting the company’s share price to slip more than 10 …

Will lab-grown meat, or cultured meat, find takers in India?
1 year, 5 months ago

Will lab-grown meat, or cultured meat, find takers in India?

The Hindu  

In 1964, British science-fiction writer Arthur C. Clarke wrote a short story titled ‘The Food of the Gods’, set in a world where any sort of food, including meat, could be created using technology. #UPSIDEFoods#CultivatedMeat#FoodRevolutionpic.twitter.com/yPD2i0jB7T — UPSIDE Foods July 4, 2023 Expected to grow into a $1.99 billion industry by 2035, cultivated meat, also called cultured or lab-grown meat, is …

Report sees increase in consumption of plant-based food products
1 year, 6 months ago

Report sees increase in consumption of plant-based food products

The Hindu  

There is a “noticeable increase” in the adoption of plant-based eating habits in India, according to a report released at the second Plant-Based Foods Summit organised here on Thursday by Plant Based Foods Industry Association. The report said a number of factors such as increasing awareness of the ethical and environmental implications of animal agriculture and growing availability and affordability …

India stands at a vantage point for plant-based foods: study
1 year, 9 months ago

India stands at a vantage point for plant-based foods: study

The Hindu  

The global plant-based food market is expected to reach $162 billion by 2030, up from $29.4 billion in 2020 with a CAGR of 18.60% from 2020 to 2030, according to a joint report by Plant Based Foods Industry Association and EY India. India stood at a vantage point, with its diverse agriculture and abundant raw material availability, such as legumes, …

The B(l)ooming plant platter
1 year, 10 months ago

The B(l)ooming plant platter

Hindustan Times  

If you think veganism is just about settling for salads and smoothies anymore, you’re wrong. With Indian plant-based food companies offering an array of products, ranging from mock meats to desserts, options are aplenty for those who love all things vegan. Mock meat, dairy-free mayo and more From plant-based meats and dairy alternatives to mayonnaise and salad dressings, one can …

The high-tech future of plant-based meat
2 years ago

The high-tech future of plant-based meat

Live Mint  

Fake meat is in trouble. That means better ingredients offering more appealing textures, flavors and aromas, but also ones that require less processing, energy and resources, according to Costa Yiannoulis, managing partner at Synthesis Capital, a venture capital fund. To that end London-based Synthesis has just led a $35-million financing round for Israeli startup Equinom, which identifies non-genetically modified seed …

India's Agri, Processed Food Product Exports Jump 29.7% To $9.59 Billion in April-July 2022; Details Here
2 years, 3 months ago

India's Agri, Processed Food Product Exports Jump 29.7% To $9.59 Billion in April-July 2022; Details Here

News 18  

India’s total export of agricultural and processed food products jumped 29.75 per cent to $9.59 billion in April-July 2022, compared with $7.40 billion in the corresponding period last year, according to official data. It added that processed food products like cereals and miscellaneous processed items also reported a growth of 37.75 per cent and 35.26 per cent, respectively, in comparison …

Why is India a laggard in global fruit and vegetable market?
2 years, 3 months ago

Why is India a laggard in global fruit and vegetable market?

Business Standard  

India is one of the biggest producers of fruits and vegetables of all kinds of variety. International trade of fresh fruit and vegetables represents only around 7–8 per cent of total global production, but it still ranks among the most valuable crop and livestock commodity groups. According to the Agriculture and Processed Food Products Export Development Authority, India exported fresh …

How is India going to eat in the coming months?
2 years, 5 months ago

How is India going to eat in the coming months?

Live Mint  

In the past couple of years, the average Indian consumer has embarked on a journey of self-discovery—from going back to heirloom recipes to exploring micro cuisines. The annual Godrej Food Trends Report, which is a curation of different voices from the culinary world and curated by Rushina Munshaw-Ghildiyal of A Perfect Bite Consulting, looks at some such trends. Lounge looks …

How is India going to eat in the coming months?
2 years, 5 months ago

How is India going to eat in the coming months?

Live Mint  

In the past couple of years, the average Indian consumer has embarked on a journey of self-discovery—from going back to heirloom recipes to exploring micro cuisines. The annual Godrej Food Trends Report, which is a curation of different voices from the culinary world and curated by Rushina Munshaw-Ghildiyal of A Perfect Bite Consulting, looks at some such trends. Lounge looks …

How India can be a slaughter-free nation in 10 years without banning meat
2 years, 8 months ago

How India can be a slaughter-free nation in 10 years without banning meat

Firstpost  

Slaughter-free meat has started popping up on the plates worldwide, as also on excel sheets. Big international alt meat startups like Impossible Foods and Beyond Meat are being valued at $10 billion or more India may be the cradle of spiritually-inspired vegetarianism, but it has also been a live meat kitchen since the time of the hunter-gatherers. So, municipalities like …

How covid shaped India’s smart protein pie
2 years, 11 months ago

How covid shaped India’s smart protein pie

Live Mint  

BENGALURU : For a few short months in the late 1990s, when the popularity of Chinese food was at its peak, now-defunct Chung Wah, a beloved restaurant on Bengaluru’s Church Street, went completely vegetarian. Irish food company Kerry recently released a report pegging India’s alternative meat market at $171 million and projected it to grow at 8.5% compounded annual growth …

Why are increasing numbers of Indians turning vegan?
3 years ago

Why are increasing numbers of Indians turning vegan?

Live Mint  

From meat to milk, every edible animal food product has a plant-based and vegan substitute available in the Indian market today. As recently as early 2021, the options were limited but since the pandemic started and people had more time to think about their health and food, vegan products and veganism started growing in popularity in India. “I did some …

Is plant-based meat replacing traditional meat? Know more
3 years ago

Is plant-based meat replacing traditional meat? Know more

India TV News  

The uniquely diverse dynamics of India make it one of the prime treasures of savoury goodness. Plant-based meat products in popular Indian culture Considering the evolving palates of new-age generations, many modernistic cafes and restaurants have started using plant-based meat substitutes to roll out delicious risotto, pasta, burgers, pizzas, and even traditional Indian cuisine. Considering that consuming plant-based meat is …

India's meat map: 7 out of 10 people relish non-vegetarian items, East & South lead the way
3 years, 1 month ago

India's meat map: 7 out of 10 people relish non-vegetarian items, East & South lead the way

India Today  

Sample these: Roadside stalls in Ahmedabad cannot sell non-vegetarian food from now on; two other major cities of Gujarat Vadodara and Rajkot have instructed vendors to cover non-vegetarian items; meat shops in Gurugram are not allowed to open on certain days; and a municipal corporation in Delhi does not want non-vegetarian items to be prominently displayed. And this is continuing …

Fruits and vegetables have a future. This is what UN and India are doing for it | OPINION
3 years, 1 month ago

Fruits and vegetables have a future. This is what UN and India are doing for it | OPINION

India Today  

The United Nations in its 74th session recently declared 2021 as the International Year of Fruits and Vegetables considering their importance as dietary essentials for consumers. A study conducted by the ICAR-Central Institute of Post-Harvest Engineering & Technology points out that in India for fruits and vegetables the post-harvest losses ranges from 4.58-15.88 per cent of the country's horticulture production. …

The good, the bad and the ugly of plant-based diets
3 years, 5 months ago

The good, the bad and the ugly of plant-based diets

Live Mint  

In the U.S., sales of meat at grocery stores are down by more than 12% from a year ago. The United Nations’ global meat price gauge has risen for eight straight months, the longest streak since 2011, and is near a multi-year high. As the country suffered through one of Southeast Asia’s biggest economic hits from the pandemic, Cruz started …

7 ways animal agriculture harms the plant: What can you do to help?
3 years, 6 months ago

7 ways animal agriculture harms the plant: What can you do to help?

India Today  

We can all learn from Popeye, the sailor man. The meat and dairy will come from an ever-growing animal farming industry, which will put enormous pressure on the Earth’s natural resources land, water, and air. Agricultural production, driven by the need to produce food for a growing population, has had a tremendous impact on our ecosystems and resources, especially through …

Making protein sexy again
3 years, 8 months ago

Making protein sexy again

Live Mint  

In the famous Hindi one-act play Ande Ke Chhilke, members of a strictly vegetarian joint family flirt with eating eggs in the privacy of their bedrooms, each person believing that their secret is safe and no one is aware of their taboo behaviour till, one day, the daughter-in-law of the family finally breaks the silence and brings the secret out …

Is India facing a pet food shortage?
3 years, 8 months ago

Is India facing a pet food shortage?

Live Mint  

India, which has an estimated pet animal population of 29 million, is facing a shortage of pet foods, a government body said on Thursday and urged the industry to boost local production by taking advantage of the existing central schemes. However, pet food makers such as Mars International India and Royal Canine India said higher taxes, ambiguous business environment, absence …

How to Get More Plant-Based Meat Onto Plates in 2021
3 years, 11 months ago

How to Get More Plant-Based Meat Onto Plates in 2021

Wired  

Faux burgers and chicken nuggets are having a moment. In 2018, Impossible Foods, the Silicon Valley–based alternative meat company known for its plant-based burger that “bleeds” like the real thing, made its nationwide fast food debut at all White Castle locations in the US. A year later, KFC partnered with Los Angeles–based alt-protein producer Beyond Meat to create a plant-based …

Precision agriculture could boost India's food production capacity, encourage sustainable farming
4 years ago

Precision agriculture could boost India's food production capacity, encourage sustainable farming

Firstpost  

The world today is rich in data, giving us deep insights into social and environmental challenges. Between, 2014 and 2019, India saw 38 investments in precision agriculture, which focuse on increasing farmer profitability and sustainability, making this one of the top five agritech investment themes. With increasing capital availability, more and more precision agriculture startups are working to solve climate …

Tricking the Taste Buds: Flavour Makers Rise to Meaty Challenge Amid Concerns Over Health, Animal Welfare
4 years, 1 month ago

Tricking the Taste Buds: Flavour Makers Rise to Meaty Challenge Amid Concerns Over Health, Animal Welfare

News 18  

At flavour maker Givaudan’s innovation centre near Zurich, veteran chef Sam Brunschweiler serves up a lamb shawarma dish that looks and tastes appropriately meaty but is made from pea protein. Givaudan analyses how fat, proteins, sugars and water in meat produce different flavours when heated because “most of the flavour comes from the cooking”, Garofalo said. Stacy Pyett, who manages …

Plant-based meats' popularity takes root in China
4 years, 3 months ago

Plant-based meats' popularity takes root in China

China Daily  

Dishes made from plant-based meat are available in some Chinese markets. About 160 supermarkets around China started selling microwavable meals featuring plant-based meats by Hong Kong-based food-technology company OmniFoods on Aug 27. Over at hotel Le Sun Chine in Shanghai, executive chef Gu Chao has created two dishes with plant-based meat-Shanghai-style meatballs with pumpkin filling and pancakes with "meat" toppings-for …

Plant-based meats' popularity takes root in China
4 years, 3 months ago

Plant-based meats' popularity takes root in China

China Daily  

Dishes made from plant-based meat are available in some Chinese markets. About 160 supermarkets around China started selling microwavable meals featuring plant-based meats by Hong Kong-based food-technology company OmniFoods on Aug 27. Over at hotel Le Sun Chine in Shanghai, executive chef Gu Chao has created two dishes with plant-based meat-Shanghai-style meatballs with pumpkin filling and pancakes with "meat" toppings-for …

Plant-based meats' popularity takes root in China
4 years, 3 months ago

Plant-based meats' popularity takes root in China

China Daily  

Dishes made from plant-based meat are available in some Chinese markets. About 160 supermarkets around China started selling microwavable meals featuring plant-based meats by Hong Kong-based food-technology company OmniFoods on Aug 27. Over at hotel Le Sun Chine in Shanghai, executive chef Gu Chao has created two dishes with plant-based meat-Shanghai-style meatballs with pumpkin filling and pancakes with "meat" toppings-for …

Plant-based meats' popularity takes root in China
4 years, 3 months ago

Plant-based meats' popularity takes root in China

China Daily  

Dishes made from plant-based meat are available in some Chinese markets. About 160 supermarkets around China started selling microwavable meals featuring plant-based meats by Hong Kong-based food-technology company OmniFoods on Aug 27. Over at hotel Le Sun Chine in Shanghai, executive chef Gu Chao has created two dishes with plant-based meat-Shanghai-style meatballs with pumpkin filling and pancakes with "meat" toppings-for …

RBI Report Says Managing Food Surplus Key Challenge for India
4 years, 3 months ago

RBI Report Says Managing Food Surplus Key Challenge for India

News 18  

India has now reached a stage in which surplus foodgrain management has become a major challenge, the Reserve Bank of India said in its annual report on Tuesday. The total production of foodgrains reached a record 296.65 million tonnes in 2019-20, while total horticulture production — accounting for about 40 per cent of gross value added in the farm sector …

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