Snapshots of Food Industry News
The Food Preservatives market is growing steadily
The food preservative market is spread out and consists of a variety of preservatives used in various foods. According to a report by Markets and Markets the food preservative industry is slated to grow to USD 2.94 Billion by 2021 at a CAGR of 2.5 percent. The market drivers are convenience food products, foods with a need for longer shelf life and increased use of natural preservatives in meats. The biggest demand is for the antimicrobial preservatives. Sorbates, benzoates, and propionates are the most in demand among synthetic antimicrobials and are applied mostly in dairy, frozen foods, snack and convenience foods.
The demand for processed foods and the requirement of food safety has given rise to the demand in the use of these artificial preservatives. There has been a significant growth in food preservatives in the Asia-Pacific region, mostly in emerging economies where the demand for convenience and processed foods in on the rise. With the growth of the food and beverage industry, the demand for preservatives also grows as they are required to maintain the freshness of foods, artificial ingredients in foods and fat replacers. The international food additives market is shifting focus to Asia-Pacific and likewise the food preservative market in the region, therefore, promises growth.
Raw Pressery eyes the healthy super-foods market
Raw Pressery is all set to introduce super-foods like kale, chia and spirulina into their juices to ensure health is easy to maintain. Raw Pressery is India’s largest cold-pressed juice brand with a production capacity of 1, 50,000 liters a month. RAW Pressey’s juice blends are the safest cold-pressed beverages in the market, produced with high-pressure processing. The juices are rich in antioxidants, are low in fat, boost immunity and help purify the blood. Their cold pressed juices are available across 8 metros in Mumbai, Pune, Delhi, Gurugram, Bengaluru, Hyderabad, Chennai, and Chandigarh.
RAW Pressey has been leading the revolution towards a healthy lifestyle by developing, manufacturing, marketing, distributing and selling juices that are free of preservatives, added sugars, and chemicals and are now turning their attention to introducing super-foods. It was also the first company to bottle tangerines, celery, blueberries, aloe vera, lemongrass, beetroot and almond milk. Since the juices produced at RAW Pressey are not heated they retain their superior nutritional value and sensory profile.
24 Mantra Organic plans to reach one million households
The organic food company, 24 Mantra Organic, plans to reach at least one million households by 2020. The company hopes to see one lakh farmers cultivating organic foods on a total of 5 lakh acres of farmland by this date. Presently the company works with 32,000 farmers with 1.7 lakh acres under cultivation in 16 Indian states. The organic food industry is growing at the rate of 30 to 35 percent and is likely to grow further with the kind of interest that consumers are showing. The organic food industry is estimated to be around Rs.1000 crore but the organized sector is only around Rs.300 crore.
24 Mantra Organic has the largest share of the organized sector at 65 percent share. They have a portfolio of around 90 products and are planning to launch ready-to-eat and ready-to-drink organic products. They offer regional foods like poha, millet dosa, ragi idli already but wish to introduce foods like Pongal, Punjabi kichdi, and even organic wheat noodles to attract more customers. The aim of the company is to bring organic foods to more and more people so they can have healthier food choices.
Russia to allow Indian dairy exports but with a condition
Russia has signed an agreement which is to allow dairy exports from India. However, exporting companies will have to procure milk directly from farms and not from collection centers. Rosselkhoznador, a Russian federal service for veterinary and phytosanitary surveillance (FSVPS) agency has completed inspections of those companies willing to export as well as carried out an inspection of dairies to ensure that cattle are free from foot and mouth disease (FMD).
The Russian agency will be announcing the results on their website soon. Since Amul collects milk from centers they are a little tense about the result and would need to negotiate further if selected. Schreiber Dynamix Dairies, Pune Ltd has stated that the protocol should have provisions and permissions which should grant access to the eligible players in the market and the rest can join later.
Companies are interested in expanding their portfolio that is why they are willing to export to Russia which is otherwise an unsuitable market. It takes 45 days for a consignment to reach Russia. Initially, the Russian agency found Schreiber Dynamix Dairies Ltd and Parag Milk Food Ltd eligible to export. And it has taken a lot of negotiations with Russia for the bilateral agreement to come through.
Euro, restaurant, and bar open at Mumbai’s Hotel Sahara Star
Euro, which serves European cuisine, has become the latest restaurant and bar to open at Hotel Sahara Star, located near the Mumbai domestic airport. The fine dining restaurant has a seating capacity of 46 and is open only for dinner. Chef Amol Rane and restaurant manager Sarang Patil run the affairs of the restaurant. They serve a rotating menu with a specialty dish each night.
The menu includes a soup, an appetizer, a main course, a cheese and a dessert. Presently Euro offers a palate of 30 dishes which have a truly European flavor. The cuisine, choice of bread and cheese and selection of wines is such that it will transport you to Europe. The response from guests has been equally encouraging and Euro promises to maintain the quality.