Food & Agriculture [New] Consumption in Russia will remain at the level of 2019-77 kg per person per year for all types of meat, but consumers will choose cheaper products. [New] For this year, the price of food away from home is forecast to rise by 2%, a smaller increase than the 20-year average of 2.8%. [New] Some Japanese food manufacturers are using internal and external data plus advanced analytics to meet government targets for curbing food loss by as much as 20% by 2030. [New] The North Sea wind farm, earmarked to start producing energy in 2023, will have capacity to provide power for more than four-and-a-half million UK homes. [New] Demand for vegan meat alternatives, primarily driven by Asia-Pacific markets, will drive the global industry's explosion to reach US$ 21 billion by 2025. [New] The UN's World Food Programme (WFP) has warned that the coronavirus disease (COVID-19) pandemic could worsen the food shortage currently being experienced in Zimbabwe. [New] After announcing the first commercial wind farm in Saint-Nazaire, France is planning to increase its offshore wind tendering target to 1 GW per year until 2028. [New] As the UK's largest manufacturing sector, the food and drink industry is absolutely committed to a green recovery post COVID-19 and achieving the government's net-zero carbon target by 2050. [New] Global IoT in Agriculture Market valued approximately USD 16.5 billion in 2017 is anticipated to grow with a healthy growth rate of more than 14.50% over the forecast period 2018-2025. [New] Cows are very inefficient at converting their feed into food for humans, which will present a problem as meat and milk demand is likely to double by 2050 as the world becomes more populous and wealthier. [New] Food insecurity - inability to afford or access enough food in socially acceptable ways - was afforded the highest priority by the global community by committing to achieve a hunger-free world by 2030. [New] With the sharp fall in energy prices and despite the substantial rise in food prices, French headline inflation could temporarily drop into negative territory at the end of 2020 and prices should increase by an annual average of only 0.4% over the year, after 1.3% growth in 2019. [New] Aquaculture is projected to be the primary source of seafood by 2030, creating a global market in excess of £200 billion and offering a significant opportunity to diversify farming 8. [New] The World Food Programme (WFP) warns that 9.3 million Syrians are living in food insecurity, with more than 2 million more at risk. [New] A US trade deal poses the greatest risk to food safety since mad cow disease 20 years ago, UK shoppers are being warned, after Boris Johnson's U-turn on banning low-quality meat. [New] The UN raised concerns about food security in Latin America, saying 40 million people are at risk of hunger. [New] Alternative proteins such as plant-based burgers could command over half of the current meat market by 2050, depending on factors such as technology adoption rates, consumer trends and a carbon tax on meat. [New] The Global Cultured Meat Market is expected to reach USD 16.01 million by 2025, from USD 15.0 million in 2017 growing at a CAGR of 4.0% during the forecast period of 2018 to 2025. [New] Private label sales of food and beverages are forecast to increase between $10 billion and $12 billion this year, up from a $2.5 billion increase a year ago, to $93 billion to $95 billion. [New] With 80% of food expected to be eaten in cities by 2050, they have the opportunity to harness their massive demand power to redesign food systems that are more resilient to external shocks while regenerating the environment they rely on. See full forecast Last updated: 05 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
