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Ongoing demand for healthy products helped Irish food and ingredients firm Kerry to a strong first half performance. And with recent acquisitions pushing it into other high growth sectors, there is little to stop the group from making further advances in the second half.
The continuing popularity of yoghurt - and in particular its health benefits - has led to a raft of new product innovation as companies in market sectors outside the dairy industry seek to capitalise on yoghurt's reputation. And ingredient suppliers have been quick to respond to this demand for both yoghurt taste and functionality.
Norwegian CLA company Natural has seen profits fall considerably in this year's second quarter after a major boost to revenue from new licensing agreements last year.
Lactalis, the French dairy group, has been given the green light to acquire two Spanish producers, Grupo Prado Cervera and Central Lechera Vallisoletana, by the European Commission's competition authorities.
Dutch ingredients company DSM revealed yesterday that its muscle recovery ingredient PeptoPro will be marketed in a new range of products worldwide by Europe's biggest sports nutrition company Haleko.
Tesco, Britain's number one food retailer, and J Sainsbury, the third largest supermarket operator, have streamlined their milk supply operations, reducing the number of suppliers from three to two. The moves echo a similar streamlining by Asda earlier in the year, and leave Dairy Crest as the biggest overall loser.
The United States International Trade Commission (ITC) has decided to pursue its investigation into alleged dumping of the hydrocolloid ingredient purified carboxymethylcellulose (CMC) after an initial complaint by Aqualan, a division of the Hercules group.
With the market for certified organic products continuing to grow, demand for organic hydrocolloids has also expanded - prompting the leading supplier of hydrocolloids to the US food industry to launch an organic version of its guar gum brand.
Parmalat, the Italian dairy company which has been in the hands of the administrators since collapsing with massive debts last year - has continued to take legal action against a number of leading financial institutions in a bid to recover some of the €14 billion it still owes to creditors. Meanwhile, it is business as usual for the dairy group, reports Iordan Mateev.
Nearly four months on from Poland's accession to the European Union, the country's dairy sector is reporting such heavy demand for its products that it is struggling to keep up with demands.
Britain boasts more than 400 different varieties of cheese, but the UK has never been particularly known for its goat's cheese - until now. Goat's cheese is now so popular, claims supermarket group Tesco, that goat farmers are having to rapidly expand their herds to keep up with demand.
Swiss processing and packaging equipment provider SIG has reported a significant increase in its net profits for the first half of the year, a result that sees the company pulling itself out of the red. The improvement came despite the fact that net group sales dropped due to competitive nature of the business environment.
Finnish dairy firm Valio has joined up with Tetra Pak to market its production technology for lactose-free milk outside its home market.
Dairy products remain an important growth driver for Swiss food and beverages group Nestlé, despite the disposal of a number of assets and poor weather conditions which affected sales during the first half. But organic growth was down compared to last year, reflecting ongoing market difficulties, particularly in Europe, writes Sibonelo Radebe.
Brazil, a leading exporter of soybeans and key competitor with the US, is worried that rising production costs for soybeans could eat into local farm profits next season, while global stocks rise, according to fresh figures from the US government.
Food retailers often find themselves accused of preying on other players the food chain - exerting undue pressure on suppliers, destroying local community jobs by opening new stores and impacting the environment by opening them in out-of-town locations accessible only by car. But a recent study suggests that the benefits offered to both society and the economy by the food retail trade are massively underestimated.
Today the US government will host a public meeting for feedback on imminent changes to the food guide pyramid while the food industry's largest association continues to say that the 'shape' of the pyramid does not need to change.
Ambitious Israeli flavours firm Frutarom has bought the European natural fruit preparations business from the world's number two flavours player just months after completing on the Swiss botanical extracts firm Emil Flachsmann.
After a recent acquisition, new product launches and nomination as one of the fastest growing small companies in the US, Lifeway Foods has ended its second quarter on a high, reporting record revenues for its functional kefirs.
The market for fats and spreads in eastern Europe is rapidly diversifying, whilst rapidly expanding. Furthermore the latest product launches from the Mintel databases in this segment indicate that functionality is becoming increasingly important.
California-based CreAgri has had its olive oil antioxidant supplement recognised as Generally Recognized As Safe (GRAS).
The market for fats and spreads in Asia Pacific is evolving rapidly, with increasing numbers of launches concentrating on the low fat and fortified products. The latest look at the Mintel database also reveals that dairy and vegetable fat combinations are growing in popularity and are contributing significantly to the overall growth of the market.
The market for fats and spreads in Asia Pacific is evolving rapidly, with increasing numbers of launches concentrating on the low fat and fortified products. The latest look at the Mintel database also reveals that dairy and vegetable fat combinations are growing in popularity and are contributing significantly to the overall growth of the market.
Faced with capacity problems due to growing business over recent years Danish emulsifier supplier Palsgaard has poured €10 million into expanding its emulsifier facilities in Denmark.
Dairy Farmers of Britain's £75 million acquisition of Associated Co-operative Creameries means further consolidation within the UK's tough dairy sector, writes Anthony Fletcher.
Italy's antitrust authority says that it has fined packaging giant Tetra Pak €95 million for not respecting a ban it had imposed in Aug 1993, which barred Tetra Pak from acquiring Italpack.
Denmark-based Damrow, part of the Carlisle Process Systems (CPS) group, has installed an 18,000-litre enclosed cottage cheese vat (ECCV) at Arla Foods' production facility in Skovde, Sweden.
US scientists have designed an edible film made from natural ingredients that protects foods coated in the material from spoiling. The film can also hold vitamins and other nutrients within it to boost the nutritional value of the food.
Starch and starch derivatives supplier Cerestar has designed a new maltitol syrup application targetted at European dairy makers looking to cut the calories in their health-positioned product range, notably fruit yoghurts.
Packaging and bottling systems provider Krones has developed a new high-speed packing tray capable of running at up to 100 cycles per minute and a new PET-Asept Filling System for cold aseptic filling of high- and low-acid products in plastic containers.
In the last week ailing Italian dairy giant Parmalat has launched legal actions against several banks in a bid to recover bank fees and debt proceeds.
Dairy science moves one step closer to helping dairy manufacturers formulate the right product to meet customer demand as food scientists reveal the science behind consumer perception of nutty flavours in the popular cheddar cheese, reports Lindsey Partos.
The growing popularity of the low-carb diet among US and UK consumers is squeezing supplies for speciality ingredients used by food makers to target this new market and driving ingredients firms to roll out alternatives. Looking to gain from the burgeoning demand US firm Archer Daniels Midland this week launched the Prolite line of wheat protein isolates.
Canadian supplier of food processing equipment Quadro has come up with equipment to reduce the size of high-fat ice cream ingredients (chocolate/pralines) for use in premium ice cream products.
Breakthrough talks at the weekend on world trade will have received a reticent welcome from a European food industry likely to see the phasing out of payouts to export food products.
Two years after the UK government launched an organic action plan for the entire food supply chain, the country has seen a 46 per cent rise in organic produce provided by UK farms.
Adding isolated soy protein to men's diets could help reduce problems experienced in the advanced stages of type two diabetes, according to a small study by researchers at the University of Illinois.
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