Foodcom Experts

The first half of 2024 brought dynamic market changes and key developments. Foodcom S.A. developed its offering, while plant proteins and changes in logistics influenced trends.

The global cheese market in 2024 is growing due to increasing demand for dairy, premium and organic cheeses, despite challenges such as volatile milk prices and weather conditions.

Experts predict that sodium benzoate prices will fall later in July, affecting the global market. Oversupply and lower shipping costs are the main factors behind the reduction.

This week we explore the growing market for plant proteins, highlighting pea, broad bean and brewer's yeast proteins, and share key agricultural news from around the world.

New Zealand's Protein Future Scenarios project is investigating the potential impacts of the introduction of alternative proteins on the dairy and meat industries. Precision fermentation could threaten the dairy industry, while plant proteins and in vitro meat could affect the meat industry. Although some scenarios predict a decline in the economy, the introduction of these technologies could improve the environment.

The global dairy market is undergoing dynamic changes with price drops in Europe, financial stress in Australia, and major regulatory updates in the U.S. impacting the industry.

Cocoa, prized for its taste and nutritional value, comes from the seeds of cocoa trees grown in tropical climates. Most cocoa is produced in Africa, Indonesia and South America. Its production process involves fermentation, drying, roasting and further processing, resulting in cocoa mass, cocoa butter and cocoa powder. Cocoa is used not only in the food industry, but also in the pharmaceutical and cosmetic industries, thanks to its antioxidant and nutritional properties.

The Agricultural and Food Quality Inspection carried out a detailed inspection of the quality of confectionery products, revealing irregularities with regard to labelling and compliance of the composition with the declared values. Out of 44 production facilities, 13 were penalised for violations such as incorrect ingredient labelling or unjustified extensions of the minimum shelf life date.

In the latest issue, we discuss dynamic changes in nutritional additive markets and current logistics challenges affecting global supply chains.

Operating globally, the trading company Foodcom S.A. has achieved significant development at its Lublin branch. In just one year, the branch reported a total turnover of 10 million euros.

Isobutyric acid prices in China are rising steadily, despite falling demand from the food industry. The increase is mainly due to higher propylene costs. Prices are forecast to stabilise.

Dive into this week's dairy market dynamics, from fluctuating cheese prices to cutting-edge genomic enhancements boosting UK dairy profitability.