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Technavio: Global Poultry Market Projected to Grow
The global poultry meat market is expected to post a CAGR of about 4% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the global poultry meat market is the increasing import and export of poultry meat. Various countries have increased the import of chicken meat in recent years. For instance, Japan, Mexico, Saudi Arabia, China, and Iraq were some of the key importers of chicken meat during 2018. In addition, there has been a significant increase in the import of chicken meat from emerging economies including Philippines owing to the rising demand for chicken meat among the consumers. Therefore, the rising export of chicken meat from...
Retail Imports Rising Ahead of Expected Higher Tariffs
With retail sales rising and President Trump saying he plans to both increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually high levels the remainder of this spring and through the summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Much of this is driven by consumer demand but retailers are likely to resume stocking up merchandise before new tariffs can take effect,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariff increases and new tariffs will mean higher costs for U.S. businesses, higher prices for American consumers and lost jobs for many American workers. We encourage the administration to stay focused on a trade agreement, and...
Poultry is King of Proteins in International Poultry Council Outlook
As the International Poultry Council (IPC) took stock of the global protein outlook at its first semester meeting in New Orleans, La. last week, one economic reality riveted attention: Total world production of pork will decline in 2019 with poultry in position to wrest the crown from pork as the world’s most consumed meat protein.
The upheaval in meat proteins is being driven by African swine fever (ASF) in pig herds in three continents and 15 countries. Production losses in 2019 are expected to amount to 14 percent of the world’s pork supply but may continue to move higher.
“Hog losses in China due to ASF will trigger big shocks in global protein markets,” Christine McCracken, senior protein analyst at Rabobank, told IPC members, “and poultry is the meat protein with the most to win...
NRA Examines State of the Restaurant Industry
Restaurant businesses are growing despite some operational challenges, such as workforce development issues, demand for increased technology, and serving Millennials, according to new National Restaurant Association research.
The 2019 State of the Restaurant Industry Report, a comprehensive look at trends and sales projections for the industry, culled and analyzed economic data, along with responses to surveys sent to restaurant operators and consumers.
Hudson Riehle, Association Senior Vice President of Research & Knowledge, shared takeaways from the report, discussed how he expects business to perform throughout 2019 ...
Research and Markets: The Global Food Robotics Market a $3.1 Billion Opportunity by 2025
The global food robotics market will grow at a CAGR of 12.7% from 2019 to 2025 to reach $3,107.4 million by 2025.
Driven by increasing food safety regulations, rising demand for packaged foods, growing demand to improve productivity, increasing production of low-cost robots, increase in investments for automated solutions in food industry, growing demand for reducing production cost and increasing food shelf-life, and entry of new-players which has led to the emergence of advanced robotic technologies.
However, the lack of a skilled workforce in emerging economies restricts the market growth to some extent. Moreover, the high cost of installation and service charges of robotic systems, and ...
Southeast Asia’s Growing Meat Demand and Its Implications for Feedstuffs Imports
Southeast Asia’s rising incomes, growing population, and increasing urbanization have contributed to growth in livestock production and meat consumption, particularly poultry and pork. Southeast Asia includes 10 countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This article focuses on five key emerging markets within the region: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam (5 Southeast Asian Countries). According to USDA’s International Long-Term Projections to 2028, the region will become the world’s fastest-growing importer of soybean meal—a key ingredient in animal feed—over the next decade and will overtake the European Union (EU) as the largest soybean meal importer by 2022. In addition to its expanding pork and poultry production, the region’s growing imports of ...
Fresh Foods Cut Down the Nets in 2019 Total Store Bracket
March. The start of spring. And the annual NCAA men’s college basketball tournament—March Madness™. While many teams suffer the agony of defeat, others rejoice gleefully as their alma maters or home-town favorites advance throughout the tourney in hopes of cutting down those nets.
But college basketball teams aren’t the only ones to experience joy or sorrow. With consumers growing more mindful about health and wellness, in search of convenience and aware of online shopping options, in-store purchasing patterns have shifted significantly over the past five years. These shifts have resulted in some areas of the store facing sales challenges, while others have put forth winning formulas.
Using our uniquely integrated sales universe, we created our annual bracket that pits different areas of the store against one another to understand ...
Beef + Lamb New Zealand Launches Multi-Million Dollar U.S. Branding Campaign
New Zealand grass-fed, pasture-raised beef and lamb is praised by chefs, retailers and consumers all over the world. Thanks to growing U.S. market demand, Beef + Lamb New Zealand, which represents New Zealand's beef and sheep farmers, is launching an integrated marketing campaign in partnership with leading retail brands to educate consumers on the benefits of grass-fed meat from New Zealand, under the Taste Pure Nature origin brand. The multi-faceted program will launch first in California with online display and video ads, social media, public relations and a bespoke website with information and recipe inspiration.
The campaign will launch with retail-leading brand partners including, The Lamb Company™, the largest North American supplier of lamb and its flagship brand, New Zealand Spring Lamb™, First Light™ and its renowned ...
MarketsandMarkets: Food & Agriculture Technology and Products Market Worth $729.5 Billion by 2023
The report "Food & Agriculture Technology and Products Market by Industry (Animal, Agriculture, Cold Chain, Food & Beverage, and Cannabis), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023", published by MarketsandMarkets™. The global food & agriculture technology and products market size is projected to grow from USD 494.9 billion in 2018 to USD 729.5 billion by 2023, at a CAGR of 8.1% during the forecast period.
The major factors driving the food & agriculture technology and products market include an increase in demand and consumption of livestock-based products and seafood, the rise in consumer awareness about food safety, governments' support to adopt modern agricultural techniques, and demand for agricultural production due ...
Modern Retailers are Meeting Multichannel Consumer Demands
As more consumers embrace multichannel shopping, retailers are diversifying their investments online and offline to meet customers’ needs, according to the annual State of Retailing Online study released today by the National Retail Federation and Forrester.
“Retailers are evolving with customers’ shopping behaviors by creating a seamless shopping experience online and in store,” NRF Vice President of Research Development and Industry Analysis Mark Mathews said. “From pop-up stores to social marketing, retailers are finding innovative ways to engage and acquire new customers.”
Retailers clearly see the value of physical stores, particularly as ecommerce costs are increasing. More than half of surveyed retailers confirm they will ...
Del Taco Elevates Fast Food Box Quality and Value with Fresh Faves Boxes
Grilled Chicken Tacos made with fresh-grilled chicken, Half-Pound Bean & Cheese Burritos crafted with slow-cooked beans made from scratch in each restaurant, and the signature Del Taco, loaded with hand-grated cheddar cheese. These are just a few of the items that Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second leading Mexican quick service restaurant,** is offering in its new line-up of Fresh Faves Box Meals that deliver quality and quantity at a price point that only Del Taco can deliver.
“For Del Taco, value means offering guests an unbeatable combination of freshly prepared, craveable items served at a price that’s less than the national competition,” said Barry Westrum, Del Taco’s Chief Marketing Officer. “We created these Boxes based on ...
JBS USA Announces Major Expansion of Ottumwa Pork Facility
JBS USA today announced a nearly $20 million expansion of its Plumrose USA prepared foods business in Ottumwa, Iowa, to meet growing foodservice and retail customer demand for high quality bacon products. The expansion includes additional bacon processing and slicing capacities, bacon equipment upgrades and new state-of-the-art slicing equipment. The investment will result in 25 new job opportunities at the Ottumwa fresh pork and bacon facility.
“Today’s announcement demonstrates our continued commitment to the Ottumwa community and reinforces our strategy to grow our business through key customer partnerships,” said Tom Lopez, president of ...
Consumer Demand for High-Quality Beef is Strong and Growing
Strong consumer beef demand is expected to continue into 2019, with the USDA predicting consumers in the United States will eat 8.9 percent more beef this year than in 2015. Much of beef’s demand is driven by ground beef and loin cuts, which are particularly popular with consumers at the grocery store.
Not only are consumers eating more beef, they are also enjoying more high-quality beef. This is due to more cattle in the U.S. herd grading higher than ever before.
“Cattle farmers and ranchers, and the entire beef industry, have worked particularly hard during the past 10 years to produce higher-quality beef, and that work is clearly paying off with increased consumer demand,” said Bridget Wasser, Executive Director of Meat Science & Supply Chain Outreach for the National Cattlemen’s Beef Association, a contractor to the Beef Checkoff. “We’re seeing demand for ...
U.S. Pork Producers Seek Main Course, Not Crumbs
African Swine Fever Affects China's Pork Consumption
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