Kelvin Ng ♻️’s Post

🇳🇱🌱 PLANT-BASED SALES SURGE IN DUTCH FOODSERVICE, WHILE MEAT & DAIRY FLATLINE In 2023, the number of meat analogues sold in Dutch foodservice channels was double the amount two years prior, just as conventional meat saw volume sales decline by 2%, according to Foodstep data analysed by ProVeg Nederland. Between 2021 and 2023, the volume sales of plant-based meat grew by 111%, on the back of sustained popularity in restaurants and corporate catering. Dairy alternatives, meanwhile, saw unit sales increase by 82% in the same period. These new figures mean vegan analogues accounted for 4.3% of the overall meat market and 7.4% of the dairy sector – for the first time, the share of these products in foodservice is higher than in the retail sector. When looking at the data longer term, the volume sales of conventional dairy have shrunk sharply – sales of these products have only reached 78% of pre-Covid lockdown levels. On the other hand, plant-based dairy has become more popular, as milk alternatives alone saw a 92% rise. When it comes to plant-based meat, bitterballen (Dutch croquettes) have witnessed the biggest rise (201%) between 2021 and 2023, while croquettes have grown by 50% in volume sales. Likewise, traditional plant proteins have become more popular too, with legumes growing by 33% in Dutch foodservice. Learn more in the full article: https://lnkd.in/e6RBxepm #GreenQueen #altprotein #plantbased #vegan #sustainability #foodsystems #futurefood

I was at an excellent Food Frontier webinar today talking about the state of Australia's plant-based meat industry with Klara Kalocsay and Adam Moore Full report here: https://lnkd.in/gcvfiTBM My 3 key takeaways: 1. Lots of opportunity to expand plant-based meats into food services (eg cafes, but also aged care and institutions), moreso than supermarkets. But there’s a lack of understanding amongst chefs, distributors and consumers in the food service sector, how to use the products. 2. The climate/sustainability advantage of plant-based meats vs animal meats is a key opportunity to jump the chasm from early adopters to more mass market, as awareness of this is steadily increasing, though price and quality are still issues that need to be solved 3. There’s a messaging problem that's hindering adoption, specifically the media noise around processing and health. Both are areas where plant-based usually trumps animal products in the same category, but that’s not the common understanding.

The plant-based meat sector has grown rapidly in the Australian foodservice industry, with a 58.6% CAGR since FY20, according to the latest state of the industry report from Food Frontier, which shows a strategic shift towards sustainable and alternative protein sources. This growth is significant in the independent operator segment, which is estimated to be worth $54.6 billion. The Food Frontier 2023 state of the industry report highlights the importance of product innovation, such as creating plant-based alternatives, which not only meets the varied and adventurous preferences of consumers but also supports the global trend towards ethical and environmentally friendly food choices. The strategic value of plant-based meats for the Australian foodservice industry is that it can transform food manufacturing, access export markets, and provide cost-effective solutions that balance quality and price for independent operators. What are the keys to success for food manufacturers in the independent foodservice industry? Find out more in our industry study: https://lnkd.in/gzQYm2gC Discover more about how to compete in the plant-based meat industry in our industry study: https://lnkd.in/gvEJHSyE #plantbasedmeat #FoodServiceIndustry https://lnkd.in/gY8PTqeQ

The people want better dairy free cream! And ANDFOODS is gearing up to give the people want they want! Accurate foodservice data is notoriously difficult to come by, but I was really stoked to read the latest The Good Food Institute Europe report on the rapidly growing demand in Europe for dairy-free creams in retail (even with the very ordinary products that are currently available there). I am heading up to The Netherlands, Denmark and Sweden to explore the market and would love to connect with anyone actively investing in the future of food, distributors in foodservice and customers who would like to get a sample of our incredible dairy free whipping cream. #dairyalternative #foodservice #europeanfoodtech #FutureOfFood #Netherlands #Denmark #Sweden

The plant-based sector continues to see positive growth. In Europe, consolidated 2023 data from six key markets shows plant-based food sales rose 5.5% to €5.4 billion, with Germany leading the charge and cream emerging as the fastest-growing category, up 118% in sales volume from 2021 to 2023. Meanwhile, Food Frontier’s State of the Industry 2023 report identifies food service as a major opportunity, though challenges like the absence of plant-based primal cuts and limited culinary education remain. Read more about these developments here: https://lnkd.in/g3H26j_N and https://lnkd.in/eePgdngM

With almost 2/3rds of UK consumers actively trying to reduce their meat consumption, I've often debated with colleagues in the plant-based sector whether 'reduced meat' products (meat with a proportion replaced by plants) is a more effective route to an overall reduction in meat consumption than 100% plant-based recipes. The response usually falls into two clear camps: qualified interest (usually by flexitarians) or outright rejection (often by committed vegans). It appears that Quorn Foods agrees with my stance - with their Marlow Ingredients business gearing up to supply mycoprotein to meat producers for 'reduced meat' launches later this year. This mirrors the work undertaken across Europe by PrimeJack®️ FiberFoods, who have developed a range of 'reduced meat' recipes using their innovative dehydrated jackfruit as the meat replacer. Successful launches into Foodservice and food processing customers will be joined in the autumn with a range of blended products from a large international meat processor into leading supermarket stores. If you're a meat processor interested in 'reduced meat' recipes and would like more information on PrimeJack®️ FiberFoods approach, please just drop me a note or get in touch via their website: https://www.primejack.com/

Plant-based meat and seafood sales in the US declined in 2023, marking the second consecutive year of decrease. #Retail sales were $8.1 billion compared to $8.2 billion in 2022. This situation reflects ongoing challenges in meeting #consumer taste, texture, and affordability expectations. Measures taken to expand the customer base, particularly among omnivores, have been attempted, as 95% of #plantbased eaters consume conventional meat. Companies are emphasizing #health and #environmental benefits to combat declining demand. Despite increased awareness, only 15% of US households purchased plant-based meat in 2023. To expand in the future, the sector is working on price reductions and product quality improvements to match traditional meat characteristics.

📈🇦🇺 AUSTRALIA'S PLANT-BASED INDUSTRY REBOUNDS WITH MORE BRANDS & PRICE PARITY Plant-based meat is inching closer to the cost of its conventional counterparts in Australia, driven by a proliferation of brands and significant foodservice growth, according to a new report by Food Frontier. The think tank’s 2023 State of the Industry report combines industry data and insights from Deloitte Access Economics, highlighting the challenges and opportunities faced by the sector after a tricky couple of years globally. Where has the industry gained, and where is it lacking? What will it look like in the future? Here are the key takeaways from Food Frontier’s analysis. 🌱 The rise of plant-based meat in Australia has been driven by its foodservice performance since Covid-19. In 2023, sales across foodservice and retail reached AU$272.5M, representing a 47% increase from 2020, the first year of the pandemic. Per capita consumption is also up by 28% since 2020. 🌱 Despite the market performance, the plant-based meat manufacturing sector’s contribution to the economy has reduced by 9%, from AU$50.4M in 2020 to AU$45.8M last year. This drop is witnessed across both direct and indirect contributions. 🌱 Globally, plant-based companies saw a 28% decline in VC investment in 2023, reflecting the larger 61% drop in food tech funding. The pattern is similar in Australia, where plant-based meat makers have witnessed a 70% decrease in financing since 2020, and a 13% drop from 2022, reaching AU$16.75M last year. 🌱 Australia has witnessed a shift in consumer preference for the type of plant-based meat. Long-standing formats like burgers and mince have stabilised in number, while newer options such as strips/chunks and whole cuts have become more popular. 🌱 Despite increased per capita spend amid inflation and the cost-of-living crisis, the price gap between plant-based and animal-derived meat is narrowing. While the former carried a premium of 49% in 2020, they were just 33% more expensive last year. 🌱 Research shows that 20-39% of Australians are cutting back on meat or eating none at all, with 38% open to replacing it with a plant-based option. Health seems to be the major influencing factor, with protein requirements and ultra-processing top of mind. After consulting with manufacturers, Food Frontier found that they are prioritising health and nutrition in plant-based meat production. In Food Frontier’s first State of the Industry report, Deloitte Access Economics modelled three potential 10-year scenarios for the plant-based meat manufacturing industry. These are based on three trajectories. The first centres on these products as conscious consumers’ choice, a conservative estimate; the second is a moderate forecast labelling vegan meats as popular and accessible alternatives; and the third, more accelerated prediction analyses these as popular mass-market commodities. #GreenQueen #altprorein #futurefoods #foodtech #sustainability #foodsystems

You’re invited! Webinar: Plant-based meat industry trends, 27 June   Food Frontier’s latest State of the Industry report shows plant-based meat is charting its own course in Australia. Despite the economic challenges faced by plant-based meat companies here and overseas, it’s evident that the industry is here to stay, and that Australia is performing better than overseas markets in the face of these pressures. Join us for a webinar where we will delve deeper into the report findings and discuss their implications for the future of plant-based meat in Australia. Insights will be invaluable for stakeholders looking to understand the trajectory of the industry and make informed decisions. Featuring special guest Chef Adam Moore. Adam will share his unique insights into foodservice and explore the opportunities available in the plant-based meat industry. Don’t miss this chance to learn from one of the best in the field! When? 12:30 - 1:30pm, 27 June 2024 Where? https://lnkd.in/g7tsX6ed Who should attend?   - Plant-based meat manufacturers  - Plant-based protein ingredient suppliers  - Food retailers  - Institutional and commercial foodservice operators  - Distributors - Investors interested in food systems change and/or alternative proteins  - Government and government agencies. Don't miss this opportunity to gain valuable insights. Register now! https://lnkd.in/g8vxR9in #AlternativeProteins #PlantBased #Webinar #Food #Foodservice #IndustryTrends

That's good news! But France is still lagging behind in terms of adopting a more #PlantBased diet and proposing alternatives to animal food in supermarkets and restaurants. Let's remedy to this situation and help France catch up with its more advanced neighbors in this field! I can help companies that wish to develop their activities on the French market #translate their contents from #English into #French. Let's discuss how I can assist with your projects! ✉️ Alexia OLONA, English to French translator and reviser specialized in Food industry and Veganism 𝐖𝐞𝐛 𝐬𝐢𝐭𝐞: 𝐡𝐭𝐭𝐩𝐬://𝐭𝐫𝐚𝐧𝐬𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐩𝐢𝐫𝐢𝐭.𝐜𝐨𝐦 #Translation #FoodIndustry #Veganism #MeatAlternatives