Food Industry

PLI scheme for food processing industry well received by companies: Govt The government on Wednesday said the production-linked incentive scheme for the food processing industry has been well received by companies like Nestle, ITC, Britannia, KeventerAgro and Amul. The government on Wednesday said the production-linked incentive scheme for the food processing industry has been well received by companies like Nestle, ITC, Britannia, KeventerAgro and Amul. The PLI scheme for the food processing industry, to be implemented during 2021-22 to 2026-27 with an outlay of Rs 10,900 crore, was approved by the Cabinet on March 31. "The scheme has been well...

Food Companies Getting Back to Basics An overarching 2021 food industry trend is “getting back to basics,” according to a new 2021 Food Trends report from McKinney. Companies are cutting marginal products and focusing on core, most-in-demand offerings. “The brands that will excel in 2021 will…roll up their sleeves and zero in on what they do best and what people really need from them,” states the report. Examples of companies discontinuing products are easy to find. Coca-Cola is cutting a number of products, including the Tab soft drink and Zico coconut water. General Mills reduced Progresso soup flavors by almost...

Food industry calls on EU for fair treatment of plant-based products Plant-based drinks. Don't mention milk. © Alpro The European plant-based foods association ENSA, together with alternative milk producer Alpro and 92 other food-industry representatives are calling on the European institutions to reverse recent moves they say will harm the producers of plant-based foods. The issue specifically concerns plant-based drinks, commonly known as soy milk, oat milk and the like. Commonly, but not commercially. Already, thanks to intense lobbying from the daily industry, such products are no longer allowed to describe themselves in dairy terms such as milk, yoghurt or...

Hershey’s to Add Better-For-You Options and Other Food Industry News   Powder & Bulk Solids highlights recent food and beverage manufacturing news you may have missed. American chocolate and confections manufacturer Hershey Company recently announced its strategy to focus on strengthen its position in the better-for-you chocolate category. The company plans to expand its offerings of reduced sugar, organic, and plant-based alternatives in its portfolio. Its strategy includes research and development, M&A, innovation, partnerships and licensing with BFY brand partners, and continuing to produce portion-controlled products in a variety of packaging types. Here are some other developments in the food...

Global Online Meal Kit Service Market In particular, It should be noted that the impact of the epidemic has accelerated the trend of localization, regionalization and decentralization of the global industrial chain and supply chain, so it is inevitable to reconstruct the global industrial chain. Faced with the global industrial change in the post epidemic era, enterprises in various countries must take precautions. This report presents revenue, market share and growth rate for each key company. In this analysis report, we will find below details: 1. Full in-depth analysis of the market structure along with forecast from 2021 to 2026...