Blog - Food Products

As the world population continues to grow, the demand for meat will likely increase. However, there are some pros and cons to consider when it comes to meat production.

The chocolate industry is constantly changing and evolving. New trends are always emerging, and consumer behavior is always shifting. 

Global frozen fruit trade expanded to $7.1B in 2021. 

Whey exports in the EU soared by 7% to $2.7B in 2021. Among the leading European suppliers, the Czech Republic recorded the highest increase in the value of exports last year. 

Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tonnes by the end of 2030.

For the fourth consecutive year, the UK recorded growth in supplies from abroad of tomato ketchup and tomato sauces, which increased by 1.9% y/y to 183K tonnes in 2020. In value terms, purchases expanded remarkably from $185M to $195M.

In 2020, the amount of cheese imported into China was estimated at 129K tonnes, picking up by 13% on 2019. In value terms, supplies rose notably from $522M to $590M. Over the past decade, the volume of cheese imported to China soared by 40%. 

Global trade in pasta stuffed with meat, fish and cheese stood at 663K tonnes in 2020, growing by 4% against the previous year. In value terms, supplies expanded rapidly from $1.9B to $2.1B.

Chile became the leading supplier of frozen atlantic salmon worldwide, expanding exports from 14K tonnes in 2010 to 125K tonnes in 2020 and leaving behind the former leading supplier, Norway.

Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.

The U.S. recorded growth in overseas purchases of potato chips, which increased by 54% to 88K tonnes in 2020. Total imports indicated a remarkable increase from 2010 to 2020: its volume increased at an average annual rate of +8.0% per year. In value terms, supplies amounted to $227M in 2020. 

Over the past decade, global production of fish fat and oil rose from 3.7M tonnes to 11.3M tonnes. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.