Dairy News

Recent industry report about Dairy company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Dairy Market industry experts.

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Dairy News

  • September 2023: China Mengniu acquired organic infant formula producer Bellamy's Australia for USD 1 billion.
  • November 2022: In order to innovate for consumers in the region, Nestlé SA opened a new R&D center for Latin America, utilizing the company's global scientific and technological resources.
  • October 2022: Unilever partnered with ASAP for the distribution of its ice cream goods. As per the partnership, ASAP will also deliver ice cream and treats from Unilever's virtual storefront, The Ice Cream Shop.
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  • October 2023: Meat snack brand, Country Archer Provisions, launched two new meat snack products including Rosemary Turkey Mini Sticks and Original Beef Jerky Snack Packs. As per the company, the portioned protein snacks offer clean-label ingredients for health-conscious consumers. Furthermore, the company claims that the Rosemary Turkey Mini Sticks are fortified with herbs and spices like rosemary, basil, thyme, garlic, and onion, and the original Beef Jerky Snack Packs are made from grass-fed beef combined with spices like garlic and onion powder.
  • September 2023: A United States-based company Volpi Foods expanded its presence in the meat snacks category with a new line of Salami Stix. The company claims the products to be high-quality, all-natural with the best ingredients. Furthermore, the company asserts the products are available in 2-oz packages, in two flavors, Spicy and Original.
  • April 2023: Doki Foods, a New Delhi-based startup launched chicken chips and buffalo jerky in the country. As per the company, the products are available in flavors like Korean Gochujang, Tokyo Teriyaki, and Telicherry pepper.
  • March 2021: Nomad Foods announced that it had entered into an agreement to acquire Fortenova Group's Frozen Food Business Group (FFBG). FFBG is a European frozen food company that operates in Herzegovina, Hungary, Slovenia, Kosovo, North Macedonia and Montenegro, Croatia, Serbia, and Bosnia and Herzegovina. FFBG has two anchor brands Ledo and Frikom which offer frozen foods, such as ready meals, fish, fruits, vegetables, pastry, and ice cream.
  • January 2021: Beginning in January 2021, all Mamma burgers, sandwiches, and wraps had new labels. The company harmonized the appearance of products. It also introduced innovative paper-film packaging for some products, with the help of which it reduces the share of plastic in the packaging material by about 20%.
  • January 2021: Nomad Foods acquired Findus Switzerland from Froneri International Ltd. Findus offers frozen food brands in Switzerland across categories, like fish, vegetables, and ready meals. The acquisition would help Nomad expand its geographic reach into Switzerland with ownership of the Findus brand across Europe.
  • In 2021, Lycored expanded its line of astaxanthin products by launching an oleoresin created from Haematococcus Pluvialis algae designed for soft gels and a microencapsulated starch beadlet, cold water dispersible microencapsulated solution for beverages, and dry mixes in Branchburg, New Jersey.
  • In 2021, AstaReal AB (Nacka, Sweden) introduced its natural astaxanthin to the European pet food and animal feed markets. The ingredient will be under the name Novasta and will create antioxidant-rich products for a range of animals in Nacka, Sweden.
  • In 2020, DSM, announced the completion of its acquisition of Erber Group for an enterprise value of EUR 980 million in Heerlen, Netherlands.
  • In July 2023, Kraft Heinz Company invested USD 400 million to build a distribution center in North America. This distribution center is spread over a 775,000-square-foot area in Illinois. It supports Kraft Heinz in its supply chain, working effectively.
  • In May 2022, Aspall Cyder, a Molson Coors-owned apple cider brand, invested USD 16 million in upgrading its 300-year-old factory in the United Kingdom. The investment has increased production by about 60% to approximately 70 million pints of cider each year.
  • In January 2022, Swander Pace Capital LLC's Bragg Live Food Products Inc. launched a new Bragg True Energy Apple Cider Vinegar supplement. The supplement contains apple cider vinegar in addition to six essential B vitamins to help with energy at the cellular level. Bragg True Energy has 750 mg of acetic acid per dose, comparable to one tablespoon of apple cider vinegar.
  • September 2023: UC Berkeley and PepsiCo renewed their partnership, confirming PepsiCo as the official beverage partner of the campus for the next decade. This extended collaboration with PepsiCo is anticipated to enhance the company's support for Berkeley's sustainability, equity, and health and wellness initiatives. Under the agreement and in alignment with PepsiCo's pep+ (PepsiCo Positive) business model, the company will provide energy-efficient beverage distribution and cooling equipment to Berkeley, along with financial support for campus sustainability priorities.
  • October 2022: CENTR Brands Corporation expanded its portfolio of health and wellness products with the introduction of CENTR Enhanced, a non-CBD functional sparkling water.
  • July 2022: Flow Beverage Corp. launched its Flow Vitamin-Infused Water line in three new organic flavors: Cherry, Citrus, and Elderberry, offering consumers a variety of healthy beverage options.
  • In March 2023, Robertet Group acquired Aroma Esencial, a company based in Girona, Spain. For fractionation and molecular distillation, Aroma Esencial provides a sophisticated industrial tool and various strategic products for the fine fragrance sector.
  • In October 2022, Sensient Technologies Corporation opened a new customer and innovation lab in Somerset, New Jersey. The 21,000-square-foot facility was designed to foster collaborative R&D and innovation. The facility serves customers seeking beauty and personal care and savory flavor and extract. The facility's teams will work on innovations and applications in both market segments.
  • In October 2022, as part of its global network of research, creative, and application centers, IFF opened the Singapore Innovation Center to integrate the technologies, capabilities, and expertise of its four business divisions: Nourish, Health & Biosciences, Scent, and Pharma Solutions. With almost 11,000 square meters, it is IFF's largest facility in the region.
  • March 2023: Wilmar International Ltd (WILMAR) initiated the construction of an edible oil plant located in Richards Bay, KwaZulu-Natal, South Africa. This USD 81 million project encompasses the development of a fractionator, a shortening plant, and a packaging facility. Notably, this endeavor commenced in 2020.
  • July 2022: Eni introduced the first vegetable oil production facility for biorefining in Kenya. This venture involved the establishment of an oilseed collection and pressing plant, which marked the inception of vegetable oil production for bio-refineries.
  • June 2021: WA Group made a substantial investment of USD 114 million in a processing plant aimed at boosting edible oil production in Ethiopia. This strategic investment enabled the company to cease importing edible oils and, instead, focus on refining crude palm oil sourced from other countries, as well as processing locally cultivated oilseeds such as sesame seeds, peanut seeds, niger seeds, soya beans, and haricot beans.
  • April 2022: A platform for open innovation was launched by Nomad Foods in partnership with the international innovation network Innoget. It will be accessible to academics, subject matter experts, start-ups, and SMEs looking to form new collaborations from the ideation phase to product development and the eventual launch of new products in the market.
  • February 2022: Nestle SA acquired a majority stake in Orgain, a plant-based nutrition expert that manufactures powders, snacks, etc. The main strategy behind Nestle SA's acquisition can be expanding its business by involving major nutrition-based food products that are organic in nature so that the company can meet the consumer's evolving preference for organic products. All the products in the portfolio are to be initially retailed across local Tesco stores in the United Kingdom.
  • July 2021: Riviana Foods Inc., a business unit of Madrid, Spain-based Ebro Foods, launched Success Garden & Grains Blends, the first boil-in-bag product to combine rice with simple ingredients. Success Garden & Grains Blends are available in two varieties: white rice, black beans, corn, and bell peppers, and white rice, peas, carrot, and red bell peppers.
  • July 2023: Cantabria Labs introduced the Totybrand to the North American market, featuring the Solaria Infusion Antioxidant Booster. This daily supplement boasts a potent blend of antioxidants, combining PLE FernBoostTechnology with Camu-Camu, a natural superfruit rich in Vitamin C.
  • August 2021: Herbalife Nutrition launched "Herbalife SKIN LycoGlow," a multi-ingredient beauty supplement crafted around the Lycored Nutrient Complex. This complex, derived from tomato extract supplied by the Israeli firm Lycored, is abundant in lycopene and other beneficial carotenoids found in tomatoes.
  • April 2022: Nykaa made a significant move into the nutricosmetics industry by acquiring a 60% stake in Nudge Wellness. Nykaa, an Indian e-commerce company specializing in beauty, wellness, and fashion products, expanded its portfolio to include nutricosmetics with this strategic investment.
  • October 2022: Cargill, Unitec Foods, and Fuji Nihon Seito Corporation entered into a memorandum of understanding (MoU) to bolster their partnership in innovation and expand their presence in the food ingredient solutions market in Japan and the Asia Pacific region.
  • September 2022: Cargill collaborated with the Singapore Economic Development Board (EDB) to inaugurate its inaugural digital business studio in Asia. This studio is designed to support local entrepreneurs with investments aimed at introducing Cargill solutions to the market and expediting innovation within the food and agriculture industry across the Asia-Pacific region.
  • May 2022: Kerry Group inaugurated a new EUR 38 million (USD 44.84 million) manufacturing facility in Africa. This expansive 10,000-square-meter plant specializes in the production of nutrition products intended for consumption throughout Africa.
  • September 2021: ADM expanded its product portfolio by introducing a range of textured wheat proteins, including Prolite® MeatTEX textured wheat protein and Prolite® MeatXT non-textured wheat protein, diversifying its offerings in the market.

Dairy Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029