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Startup Sproud raises £4.8m to match taste and nutritional profile of dairy milk Sproud, the Swedish maker of a range of plant-based milk alternatives, has raised £4.8m ($6.6m) from growth capital investor, VGC Partners. The investment will be used to grow Sproud’s team, accelerate the brand’s distribution and brand building activities in the company’s core markets - including the UK, US and Canada - and for further development of its plant-based product offering. Sproud launched in Sweden in 2018, and has expanded to 15 markets in two years. It is available across the UK via supermarkets and online retailers such as Waitrose, Ocado, and Amazon, in addition to various independent shops, cafés, and restaurants. ....
Dairy ingredients make nutrition personal Consumer surveys point to a growing market for personalized nutrition. The dairy sector is perfectly placed to make a splash – with innovative ingredient combinations and clear communication. The weekly shop can become a complicated affair when the focus is on buying foods for the nutritional needs of each family member. That’s the direction consumers are heading, according to Innova. To back it up, the market analysis specialist has pinpointed ‘Tailored to Fit’ as a top trend for 2021 – and it’s an open invitation to dairy innovation. Many consumers already perceive fresh dairy products as healthy, giving dairy companies a well-primed starting point for tapping into the personalized nutrition opportunity. The key is to wrap nutritious ingredients in convenient products with high appeal and clear on-pack information. Most importantly, manufacturers must be up to date with the needs, belie ....
ADM looks at health and wellness trends Consumers seem more aware than ever about health and wellness. The pandemic has been a contributing factor, but what do consumers see as the priorities when it comes to products with health and wellness claims? And how has the pandemic changed – or accelerated – what consumers expect? June Lin, global vice president, marketing, health & wellness, at global ingredient company ADM said consumers are are taking more steps than ever to manage their holistic health, including physical, mental and emotional well-being. “For example, 57% of global consumers report being concerned about their immune function since the COVID-19 pandemic began ....
New figures released in the annual Bord Bia Export Performance and Prospects report 2020/2021 show exports of Irish food, drink and horticulture to the UK declined by 5% in 2020, with a value of €4.3bn/$5.2bn (compared to €4.5bn/$5.5bn in 2019). ....
A research project to tackle bovine mastitis and reduce the use of broad-spectrum antibiotics in dairy cattle – the widescale use of which can contribute to the development of antimicrobial resistance (AMR) – is being launched by the Institute for Global Food Security (IGFS) at Queen’s University Belfast in Northern Ireland in partnership with AgriSearch and the Agri-Food & Biosciences Institute (AFBI). ....