Just Food's week in data

Unilever disposals / Bakery talks ambitions

Forward this email  |  View in browser JustFood In Brief January 19, 2024 SPOTLIGHT READ Red Sea crisis fuels container rates, UK food inflation still high – the week in data Each week, we bring you a snapshot of the news through data. LATEST NEWS Promise Gluten Free targets US in quest for €60m bakery sales The bakery business also eyes European expansion beyond its core markets of Ireland, the UK and Canada.   Unilever sells Romanian brands back to founder The deal comes under five years since Unilever had acquired the assets.   US grocery e-commerce market sales dip in "very challenging" 2023, report shows The online grocery market in the US finished 2023 with $95.8bn in total sales, down 1.2% compared to 2022.   Olymel announces further job cuts, blames overstaffing Some 100 employees at a plant in Alberta will be laid off in the coming weeks.   United Petfood buys plant in Denmark, first in Nordic region The first plant in the Nordics for the Belgian dog and cat food manufacturer is "part of the planned growth strategy of United Petfood".   Shipping forecast – the Red Sea supply-chain crisis and the food and beverage sector The Red Sea is a big deal in trade terms – it is said to handle 12% of all global trade.   Leading the charge – the companies at the cutting edge of cell-based protein Just Food presents a guide to the prominent companies developing cell-cultivated meat, seafood and dairy products.   "We are quite confident that the future is for us" – Ecotone CEO Christophe Barnouin's optimism amid tough trading Ecotone's CEO discusses the recent macro challenges facing the European food group and why he remains upbeat about the outlook for the business. Read more news IN-DEPTH READ Complex processes and high production costs could limit market growth for vegan cheese The global vegan cheese market is expected to grow at a CAGR of 16.7% by 2030, primarily driven by the rise in the vegan and vegetarian population. However, its production often involves complex processes and expensive ingredients like nuts or plant-based proteins, leading to higher production costs, which are then passed on to consumers, making vegan cheese more expensive per unit compared to dairy cheese. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Just Food Digital Magazine   Issue 54 | December 2023   In this issue: Cell-meat's growth pains / The consumer in 2024 / COP28 preview – and more Read the magazine Click below to view more from across the network: Verdict Foodservice   |   Just Drinks   |   Packaging Gateway   Was this email forwarded to you? Sign up here.   Please send any news or comments to: foodeditor@aroq.com   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences