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Protein Alternatives Market Outlook to 2025; Dominated by Cargill
According to ResearchAndMarkets, the global protein alternatives market is projected to grow with a CAGR of 7.4% during the forecast period (2020-2025).
The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.
Consumers in developing regions, like Asia-Pacific and Africa, have started to incorporate more protein in their daily diets. Many companies operating in the market place have started to initiate...
Cargill Launches Plant-Based Patty and Ground Products
Retail food and foodservice businesses can now capture their share of the growing plant-based protein market under their own brands thanks to Cargill. The global food and agriculture company today announced its new private label plant-based patties and ground products will hit retailers and restaurants in early April.
The new offerings are part of Cargill’s inclusive approach to the future of protein – advancing both animal and alternative protein products to meet the expected 70% growth in global demand for protein over the next 30 years.
The plant-based protein products, which were developed through culinary insight, extensive consumer research and innovation, are made in...
Cargill Conducts Voluntary Recall of a Single Lot of NutreBeef Transition Pellet
Cargill’s animal nutrition business is conducting a voluntary recall of a single lot (382 bags, 50 lb each) of NutreBeef Transition Pellet (MH) beef cattle feed because the product may contain mispackaged feed with elevated levels of monensin. The affected product was sold in Kansas and Texas. At elevated levels, monensin can be toxic to cattle and can cause colic-like symptoms, hypokalemia (low potassium), myoglobinuria (breakdown of muscle in the urine), chronic cardiovascular issues, and possible death.
The following affected product was manufactured at Cargill’s McPherson, KS, facility and is being recalled from...
Covantis Initiative Announces Lead Technology Partner - ConsenSys
The founding members of the Covantis initiative, which aims to modernize global trade operations, have announced the selection of ConsenSys, a market-leading Ethereum blockchain technology company, as the lead technology partner to develop its transformative platform.
“The founders set up a robust selection process, including a two week hackathon, to ensure that we chose the right technology partner to meet our industry’s needs,” said Stefano Rettore, independent advisor to the project. “ConsenSys presented prototypes that demonstrated excellence in its field and has a track record of using blockchain technology to digitize processes in...
Cargill Predicts Food Trends for 2020
Consumers' connection to their foods is driving change across supply chains throughout the food system. When considering the protein industry, innovation, convenience, nutrition, transparency, and sustainability are leading to new practices and products. Cargill has provided 10 trends influencing what, how, and the way consumers are expected to eat in the year 2020.
1. Growing appeal of protein
U.S. consumers have a growing appetite for protein, with 55% of U.S. households saying high protein is an important attribute to consider when buying food. In fact, 65% of consumers often or always think about protein in their diets and...
Cargill Reports Fiscal 2020 Second-Quarter Results
Cargill today reported results for the fiscal 2020 second quarter ended Nov. 30, 2019. Key measures include:
“We saw very good execution from our global teams throughout the quarter, as they focused on delivering...
Cargill Survey Reveals Consumers Believe Technology Will Feed the World More Sustainably
Technology in agriculture (ag-tech) is how we’ll feed a growing population, make farming more sustainable and improve the lives of farm animals, say 85% of the 3,000 participants in Cargill’s new three-continent consumer survey. At the same time, only about half of those surveyed want their food to come from a technologically advanced (versus traditional) farm. Industries like medicine and education are where respondents most want to see technology used. Farming ranks third—above defense, manufacturing, retail and food.
“We know that new technologies are allowing farmers to make better, faster, more informed decisions to feed a hungry world while protecting the planet,” said Sri Raj Kantamneni, managing director of Cargill’s digital business. “We also know that agriculture is still the least digitalized industry sector in the world. That means...
Cargill Expands Climate Change Commitments
With a global footprint and presence in major food and ag supply chains around the globe, Cargill is committed to protecting the earth’s vital natural resources and reducing its environmental impact. In alignment with its climate commitment, Cargill has adopted a Scope 3 target of reducing greenhouse gas emissions in its global supply chains by 30% per ton of product by 2030.
This goal aligns with many of Cargill’s customers, who are driving toward similar climate goals. Cargill has also reinforced its intent to prioritize climate through three recent activities aligned with companies around the globe, including pledging to the CEO climate statement, signing on to the We Are Still In coalition to continue supporting the Paris Climate Accord and...
Cargill Opens a Culinary Experience Hub in Belgium
Cargill has opened a Culinary Experience Hub in its research & development site (R&D) in Vilvoorde, Belgium. Customers from across the EMEA (Europe, Middle East and Africa) region are invited to solve their food formulation challenges and co-create new ingredients and recipes alongside Cargill’s food experts. The facility features a bakery pilot plant, a regional frying center and a culinary tasting area with capabilities for dairy, beverage, bakery, convenience foods and culinary applications.
Vilvoorde is one of Cargill’s first culinary experience centers. The center is specialized in research and development into new food ingredients and recipes, as has a professional chef, who works with customers to either adapt existing products to evolving consumer demands, or to develop new products from...
Cargill Opens Addition to Texas Facility, Expanding Feed Production
Cargill has opened a $34M expansion of its Animal Nutrition & Health facility in Temple, Texas. Construction of the 70,000 square foot addition for manufacturing, packaging, warehousing and shipping capabilities began in January 2018 and was completed in August 2019.
The Temple, Texas facility is optimally located to serve Cargill’s farm and ranch feed store owners and beef feed customers with reduced transportation costs for local customers and increased manufacturing capabilities.
"The investment in Temple is about serving our customers and supporting the growing Texas farm and ranch feed store and beef feed markets,” said Daryn Kracht, managing director Cargill Animal Nutrition North America. “We are thrilled to be able to...
Explosion Suspends Production at Cargill's Dodge City Plant
An explosion at Cargill's Dodge City beef packing plant has two injured employees and ceased operations for the remainder of the day.
Daniel Sullivan, Cargill's media relations director, North America, Global Corporate Affairs, issued the following statement:
"A small stand-alone building at our protein facility in Dodge City, KS, experienced an explosion this morning. Two employees are receiving medical treatment for burns, and we are investigating the cause of the accident. As an extra precaution...
Cargill to Invest $225 Million at Facility in Sidney, Ohio
Cargill is expanding its integrated soybean crush and refined oils facility in Sidney, Ohio, to better serve area farmers and to meet growing demand for protein and refined oils.
The company will invest approximately $225 million at the Sidney site, increasing crush capacity and modernizing operations. The investment creates greater market access for farmers’ crops in the area and allows those farmers to deliver their soybeans more efficiently, as the upgraded plant will unload trucks at a much faster rate.
“Farmers are at the core of our business. This investment will help us provide them a better experience when they choose to sell their crops to us,” said Don Camden, commercial leader for the eastern region of...
Cargill Collaborates to Bring Cost-Effective Global GHG Reductions to Shipping
Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.
Together, the companies will work towards lowering maritime GHG emissions by fully exploiting existing fuel-saving technologies and exploring new technical solutions. The aim is to prove that it can make economic sense for both owners and charterers if they work more closely together to make vessels more fuel efficient, thus demonstrating that sustainable shipping can also be...
Cargill Reports Fiscal 2020 First-Quarter Results
Cargill today reported results for the fiscal 2020 first quarter ended Aug. 31, 2019. Key measures include:
“Our year started on a good note as we continued to help our customers navigate an unpredictable business environment,” said Dave MacLennan, Cargill’s chairman and chief executive officer. “Right now, we are focused on modernizing all aspects of our operations so we can...
Glencore Agriculture Joins Initiative to Modernize Global Agriculture Commodity Trade Operations
The industry-wide initiative to modernize global agricultural commodity trade operations announced today that another major partner, Glencore Agriculture Limited, has joined the effort.
“We’ve been interested in the initiative from the very early days and we’re excited now to join as a full partner,” said Glencore Agriculture Limited CEO David Mattiske. “The digital platform this group intends to develop will leverage the newest technologies and has the potential to revolutionize our industry, making contract execution processes more efficient, more accurate and more transparent. These advances are necessary for our industry to continue serving...
Cargill Invests Additional $75 Million to Propel PURIS Pea Protein Production in the US
Cargill has invested an additional $75 million in PURIS, the largest North American producer of pea protein. The investment enables PURIS to more than double its pea protein production using an existing 200,000 square-foot facility in Dawson, Minn. This investment will position PURIS to keep up with the ever-increasing demand for its category leading pea proteins, starches and fibers all grown and produced through its unique vertically integrated and transparent supply chain.
“This is more than a pea protein facility. This is the future of food. The Dawson facility will not only support PURIS farmers in the U.S. with a crop that regenerates their land and that is sustainable because it provides soil health advantages but will also support the growing demand for...
High Consumer Expectations, Low Levels of Appreciation Make it Tough to Be a Farmer
Add conflicting consumer expectations to the list of reasons farming is a tough row to hoe. In its new global study, Cargill found consumers had a hard-to-satisfy wish list for those who put food on our tables—with most claiming to feel knowledgeable about how our food is raised. Farmers should care most about “providing safe, healthy, abundant and affordable food,” said a majority of survey takers. Yet those same respondents would prefer their food come from smaller/specialty, local or organic farms—which can’t necessarily compete on cost.
“Farmers are foundational to feeding the world in a safe, responsible and sustainable way,” says Pilar Cruz, president of Cargill’s feed and nutrition business. “But they do so under pressure. On one hand, affordable food is central to many families’ budgets. On the other, people are questioning the farming approaches that have made food more available and affordable. Cargill sees all viewpoints because we partner with...
2019 Annual Report Highlights Cargill’s Commitment to Sustainable Growth
Cargill’s 2019 annual report, published today, tells the story of how the company is reaching higher to create more value for customers, accelerate its growth and sustainably nourish the world.
“We are directing our insights, capabilities and resources toward answering some of the world’s biggest questions,” said David MacLennan, Cargill’s chairman and CEO. “Everyone at Cargill is relentlessly determined to transform what is possible in food, agriculture and nutrition.” In 2019, this included enhanced policies and commitments in support of the U.N. Sustainable Development Goals, including a strengthened human rights commitment and global forest policy.
During the past 12 months, Cargill’s global team leaned into a challenging business and geopolitical environment. By remaining agile and focused on...
Cargill States Commitment to Reduce Greenhouse Gas Emissions Across North American Beef Supply Chain
Global demand for protein is rising rapidly, challenging farmers, ranchers and agribusiness to feed a growing population while protecting the planet. Across the food and agriculture industry, there is a pressing need to do more with less impact. To help address this need, Cargill is launching BeefUp Sustainability, an initiative committed to achieving a 30% greenhouse gas (GHG) intensity reduction across its North American beef supply chain by 2030.
The opt-in initiative will reduce GHG emissions throughout Cargill's beef supply chain from a 2017 baseline, measured on a per pound of product basis. BeefUp Sustainability is designed to engage a diverse set of stakeholders including producers, customers and innovators. The initiative will focus on four key areas: grazing management, feed production, innovation and...
Cargill and Ecolab Accelerate Food Industry Innovation
Recognizing the critical role that innovation plays in creating a safer and more sustainable food system, Cargill and Ecolab are supporting a second class of startups through the Techstars Farm to Fork Accelerator.
“Solving the greatest food and sustainability challenges the world faces today requires partnership and fresh, innovative ideas. These are the two key ingredients of the Techstars Farm to Fork program,” said Justin Kershaw, Cargill CIO. “Having the brightest minds in food and ag tech in Cargill and Ecolab’s backyards provides an amazing opportunity to infuse startup energy into our company, while also helping bring critical solutions to...
Cargill Reports Fiscal 2019 Fourth-quarter and Full-year Results
Cargill today reported results for the fiscal 2019 fourth quarter and full year ended May 31, 2019. Key measures include:
Cargill and InnovaFeed Partner to Bring Innovative, Sustainable Feed to Animal Producers
Cargill and InnovaFeed have entered into a strategic partnership to bring sustainable and innovative feed options to the animal nutrition industry. Through the partnership, Cargill and InnovaFeed will collaborate to jointly market fish feed which includes insect protein, enabling both partners to support the growth of sustainable aquaculture.
“We recognize that the planet has finite resources,” said Pilar Cruz, president of Cargill’s compound feed business. “It is our job to find innovative feed options for our customers that protect the planet and support sustainable protein production.”
InnovaFeed’s circular economy approach brings added sustainability benefits as the company uses co-products from the agriculture production of starch and sugar to feed black soldier fly larvae known as Hermetia illucens. Once the larvae reach a certain stage, protein and oil are extracted from the larvae, to be used in feed for pets, aquaculture species and young animals like...
Cargill Invests in Cultured Meat Company Aleph Farms
The demand for protein is expected to grow 70% over the next 30 years as the global population increases significantly. With an eye to complementing its focus on animal protein, Cargill announced today it will invest in Aleph Farms, a cultured meat company focused on growing complex meat varieties like steak.
Cargill is participating in a Series A investment round led by VisVires New Protein and joined by several other investors looking to move Aleph Farms’ product from prototype to the commercial marketplace. Aleph Farms grows meat directly from beef cells using a 3D tissue engineering platform. In December 2018, it achieved a world-first by demonstrating...
Cargill Conducts Voluntary Recall of Select Southern States Feed Due to High, Excessive, or Elevated Aflatoxin Levels
Cargill’s animal nutrition business is conducting a voluntary recall of select Southern States® feed due to aflatoxin levels that exceed FDA’s action levels. The affected products, which were manufactured and sold in the eastern United States, were removed from retail shelves throughout February, March, and April 2019. Livestock, horses, and poultry exposed to aflatoxin are at risk of exposure to several health hazards.
Aflatoxicosis has the same acute and chronic adverse effects and health consequences across all species and age classes (immature and mature). Immature animals are more sensitive to aflatoxins. Acute aflatoxicosis may result in generalized hemorrhage, bloody diarrhea and death in 1-3 days. In addition, aflatoxin toxicity can cause reduced feed intake, reduced weight gain, liver damage, jaundice, and...
Cargill Strengthens China Commitment with $112m New Investment in Jilin
Cargill announced today that it will invest US$112 million to expand the capacity of its corn processing facility in Songyuan of Jilin province. This is part of its joint initiative with Songyuan government to build the Sino-US Cargill Biotech Industrial Park, featuring the Cargill Food Safety and Technology Center. Cargill will continue to invest in the park in the coming years. The move is expected to help boost local economy and strengthens local corn processing industry.
“Cargill has made significant investments in Songyuan, which is welcomed by us,” said Mr. Wang Zilian, mayor of Songyuan Municipal Government. “I believe the new investment and projects will help boost the prosperity of local farmers and also benefit the growth of local corn processing industry.”
The park, which occupies 3.71 million square meters, is designed to facilitate both corn processing and trading, with a processing capability of up to two million tons per year by...
Consumers Expect to Keep Protein on their Shopping Lists as Part of a Healthy and Sustainable Diet
Meat, fish and eggs can be an important part of a healthy and environmentally responsible diet, say consumers in new global research from Cargill. And they plan to keep eating them too—along with plant-based dietary protein. More than two-thirds of respondents say they intend to maintain or increase their consumption of animal protein in the next year. Four-fifths of participants express interest in plant-based or alternative sources of protein.
“We’re pleased consumers see animal protein as an important part of a healthy diet,” said Chuck Warta, president of Cargill’s premix and nutrition business. “Dietary guidance consistently emphasizes the benefits of adequate protein intake from ...
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