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Pork Quarterly Q3 2021: Looking for Growth Amid Uncertainties
Great volatility in Chinese hog and pork prices is rippling through the global market. China’s slaughter rates were unexpectedly high in Q2, pushing pork production up 35.9% YOY in 1H, according to official data. The sudden supply increase resulted in a sharp price decline and negative results in both farming and trading in 1H, pointing to low pork imports into China in Q3. While we expect hog and pork prices to rebound in Q3, the estimated high frozen pork inventory will impose a lot of downward pressure on prices. We expect the slowdown of imports in the coming months will reduce full year imports from 2020’s record levels by 10% to 20%. This will lead to a redistribution of pork trade in the global market and could place downward pressure on pork prices in exporting regions.
NPD: Addressing Safety, Changes in Workplace, and Digital are Key to Recovery for Europe Foodservice
According to the latest report from The NPD Group, COVID-19 Foodservice Sentiment Study: Europe, a large part of the European* population expects to return to dine-in restaurants as soon as COVID-19 restrictions are lifted, with 93% stating they have either already returned to restaurants or expect to be returning to restaurants before the end of the year. But while many consumers expect to go back to dining occasions comparable to what they were doing before the pandemic, one-quarter of them expect...
ANALYSIS: European Egg White Prices Hit Highest Levels Since 2015 AI Market HighsUrner Barry's European dried egg white prices have hit the highest levels seen since ATH's reached in 2015, while the global market was dealing with...
Pork Quarterly Q2 2021: Production Setbacks Slow Growth, Boosting Prices and Returns
Global hog prices are sharply higher in most markets, as processors scramble to find adequate supplies. Higher disease losses in key growing regions, along with the lagged impact of industry liquidation during the pandemic, have limited available hog supplies. Rabobank expects a gradual recovery in the herd, yet higher raising costs and demand uncertainty are expected to moderate the pace of growth. Lower production expectations have left the market short of pork, just as demand is beginning to strengthen. The imbalance is driving pork prices sharply higher in many markets, which is slowly being passed through to consumers, contributing to overall inflationary trends.
China: Herd losses due to new ASF outbreaks and health challenges are slowing the recovery. While below earlier expectations, the sow herd is flat vs. 2020 and will expand through year-end as...
Third Largest European Plant-based Producer Vivera Acquired by JBS S.A.
JBS, the world's largest protein company and second-largest food producer, has entered into an agreement to purchase Vivera, Europe's third-largest plant-based food producer, for an enterprise value of €341 million. Vivera develops and produces a broad range of innovative plant-based meat replacement products for major retailers in over 25 countries across Europe, with relevant marketshare in The Netherlands, the United Kingdom and Germany. The deal includes three manufacturing units and a research and development center located in The Netherlands.
Vivera, currently the largest independent plant-based company in Europe, will join other JBS initiatives such as Seara's, Incrível range, a market leader in plant-based hamburgers, and...
Beyond Meat Announces Major Retail Expansions Throughout Europe
Beyond Meat announced significant product distribution expansion within thousands of European retail locations this spring. As Beyond Meat has grown its retail presence in the region, the European plant-based foods market has seen aggressive growth with sales increasing by 49% over the last two years. Beyond Meat’s commitment to making products utilizing simple, plant-based ingredients without GMOs has enabled the brand to rapidly expand product distribution throughout the continent.
Beyond Meat products are available at approximately 122,000 retail and foodservice outlets in over 80 countries worldwide. The new product distribution in Europe includes...
What’s on the Menu: Global Foodservice Outlook
In many countries, including those in Europe and North America, Covid-19-related disruptions remain the most relevant driver of foodservice performance in the near term, as sales and foot traffic trends remain well-below pre-Covid levels. Notably, China, which is ahead of the curve in terms of both virus outbreak and containment, could be a potential indicator of the likely speed and scope of the foodservice recovery as the virus subsides.
As vaccinations and treatment advance, the focus of attention will shift from near-term recovery to more strategic matters. The most relevant performance drivers over the next 6 to 12 months will be...
Beef Quarterly Q1 2021: New Drivers in Cattle Innovation
Increasing awareness of the need to improve environmental and social outcomes, together with a growing appetite from investors in animal protein, are creating new opportunities and growth in cattle innovation.
“We believe that research and innovation in the beef industry will continue to evolve but we are currently enabled by two main catalysts that will stimulate this further. Firstly, new investors in the space and secondly, the sustainability drive that not only seeks production improvements but also creates...
Pork Quarterly Q1 2021: Looking for Growth Amid Uncertainties
Rising disease pressures continue to challenge the global market. While African swine fever (ASF) continues to impact pork production in Asia and Europe, as well as global trade flows, Covid-19 keeps affecting the whole supply chain, from producers to consumers. However, demand is expected to rebound in most regions in 2021 due to economic recovery.
Global pork supply will grow in Asia and North and South America, but face more challenges in Europe. “While China continues to dominate global trade, China’s expected reduction in imports in 2021 will...
Hot Dogs and Sausages Market Expected to Reach $96.4 Billion by 2025
According to Research and Markets, the hot dogs and sausages market are expected to grow at a compound annual growth rate of 4.08% over the forecast period to reach a market size of US$96.405 billion in 2025 from US$75.839 billion in 2019.
The rate at which urbanization is taking place which in turn is buttressed by globalization and rural to urban migration is facilitating the adoption of new consumption trends which have accommodated the inclusion of sausages and hotdogs among others. As of 2018, North America was the most urbanized region of the world, wherein the urban areas constituted...
ANALYSIS: Update on German Pork Exports in Wake of ASF Outbreak
African Swine Fever case counts in Germany have exceeded 200, according to some sources. Since finding the first case of ASF on...
Cargill Adds Pea Protein to European Ingredient Portfolio
As more consumers aspire to incorporate plant-based foods into their diets, Cargill is responding by adding pea protein to its portfolio of ingredients available in Europe. The move will help European food and beverage manufacturers meet increasing demand for nutritious, plant-based products. Moreover, Cargill pea proteins are designed to meet the functional and sensory challenges in alternative emerging applications.
Cargill, which already offers an array of pea protein products in North America, Asia and South America, is leveraging that expertise as it expands its European line-up of plant-based proteins like...
Mosa Meat Backed by Leading Global Impact Investors, Bringing Oversubscribed Round to $75M
Mosa Meat, the European food technology company that introduced a cultivated beef hamburger in 2013, announced the second closing of its Series B funding. This second closing of $20M brings the total raised so far in the round to $75M.
The funding brings together leading global investors who are dedicated to sustainability, and to supporting Mosa Meat in its mission. These include Blue Horizon Ventures, Target Global, ArcTern Ventures and Rubio Impact Ventures.
Mitsubishi Corporation, Japan, the global integrated business enterprise that develops...
UK Government Consults on Ending Live Animal Exports for Slaughter
Plans to ban the export of live animals for slaughter and fattening have been unveiled by the Environment Secretary today, in the start of a renewed push by government to strengthen the UK’s position as a world leader on animal welfare.
These proposals form part of an eight-week consultation, launched in England and Wales, seeking views on how to better protect animal welfare during transport.
Live animals commonly have to endure excessively long journeys during exports, causing...
Changed Beef Consumption Habits Following COVID-19 Create Opportunities
The global Covid-19 pandemic and African swine fever (ASF) have changed beef consumption patterns through 2020. While total beef consumption has not seen too much change, we have seen distribution channels change, benefiting some at the expense of others. As the impacts of ASF are overcome and disruptions from Covid-19 subside, old distribution channels will recover.
“It is likely that many consumers will revert to their previous habits, but we do see opportunities for...
Rabobank Global Animal Protein Outlook 2021: Emerging From a World of Uncertainty
After a year full of uncertainties, global animal protein is expected to rise again, as it looks for opportunities.
In 2021, Rabobank anticipates production growth in most regions, with the biggest change taking place in Asia, where the impacts of African swine fever (ASF) are fading. Pork is expected to lead that growth – with a gradual recovery process, as ASF is still active. Poultry and aquaculture are also forecast to grow, followed by beef. Wild-catch seafood, however, is expected to decline.
Global animal protein trade continues to create areas of opportunity and risk, with China...
Tyson Foods Expands Raised & Rooted Brand to Europe
Tyson Foods, Inc. (NYSE: TSN) today announced the European launch of its plant-based protein brand, Raised & Rooted™. This is the first expansion of the Raised & Rooted brand outside the U.S., in the brand’s pursuit to be the most loved alternative protein brand in the world.
“We’re thrilled to be launching Raised & Rooted in Europe, where there is a growing number of consumers who are adopting flexible diets,” said Brett Van de Bovenkamp, president of Tyson Foods Europe. “Our unique capabilities in R&D and innovation, combined with our international footprint and infrastructure makes us..."
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
Urner Barry's Fall 2021 Reporter Issue Released; Read It Online For Free Now
Urner Barry Releases September Soy & Wheat Report
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