In this week's news plant-based food, grocery inflation and Net Zero
Is the plant-based bubble bursting?
The proportion of UK consumers purchasing plant-based alternative food and drink products has near enough doubled in the last decade and the pandemic acted as a catalyst for even quicker growth with fear of a shortage of meat and dairy products and factory closures increasing vegan product sales. At the same time, consumers were reportedly swapping to plant-based alternatives in an effort to boost natural immunity. Read more.
January sees softer decline in grocery inflation
Data and analytics company Kantar has revealed that, although grocery price inflation has fallen again, in January 2024 it only dropped by 0.1 percent and now sits at 6.8 percent.
Kantar defines this drop as a “softer decline” when compared with the 2.2 percentage point decrease observed been November and December 2023.?
However, take-home grocery sales were found to have increased in value and rose by 2.9 percent over the four weeks.? Read more here
Net Zero: a half full or half empty promise in the beverage industry?
The beverage industry has a big task ahead in its eco-journey. In 2021, it contributed almost 4 percent of the world’s CO2 emissions, with reductions creeping along at just 0.7 percent per year, a far cry from what’s urgently needed. Drinks brands and their partners are now tasked with a radical overhaul that will require an all-hands-on-deck approach to rapidly slash high energy bills and hit looming 2030 and 2050 emissions targets. For starters, partnering up to tackle scope three supply chain emissions is key. Inside the companies themselves, aligning strategies with clear emission goals is vital. This might mean new technology investments, updating operational processes or using data tools to track emission reductions. Read more here
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Episode 48: Did COP28 deliver? Part One
In this podcast episode, Josh and Grace speak to Joanna Trewern about whether the recent COP28 conference really delivered for the food sector or if it was merely talking shop.
In the first installment of New Food’s two part COP podcast series, Josh and Grace speak to Joanna Trewern, Head of Research at ProVeg International about whether food really was on the menu at the COP28 conference recently hosted in Dubai.
Exciting lineup! Can't wait to dive into the latest on plant-based trends, grocery inflation, and the impact of COP28. Thanks for keeping us informed on the forefront of food innovation!