Latest news with #CargillInc
Bloomberg
3 days ago
- Business
- Bloomberg
Cargill Cuts Vietnam Aquafeed Business in Global Restructuring
Cargill Inc. is exiting its aquaculture feed business in Vietnam, following a broader restructuring at the world's largest agricultural commodities trader. The firm said in a statement it is closing down two feed plants and a technical center in the Southeast Asian country, which is a top producer and exporter of aquaculture products. The decision was made after 'a thorough assessment of our aqua business, the industry landscape and competitive market environment,' and is in line with the trader's long-term business strategy, it said.
Bloomberg
28-04-2025
- Business
- Bloomberg
Cargill Sees Trade War Posing Risk to Its Brazil Soy Crush Plans
US President Donald Trump's trade war with China may be beneficial for Brazil's soybean exports, but Cargill Inc. 's top executive in the country sees a risk to the company's plans to expand oilseed crushing capacity. Increased Chinese demand for Brazilian soybeans would mean more competition in the South American nation for the same oilseeds used by crushers to produce soybean oil, biofuels and soybean meal, Cargill Brazil President Paulo Sousa said in an interview. Uncertainties related to tariffs could influence the company's plans for more crushing capacity in Brazil.
Associated Press
11-04-2025
- Business
- Associated Press
United States Processed Meat Market Growth Trends Report 2025-2033: Consumer Demand for Convenience, Demand from Food Service Industry, Intense Competition, Rising Raw Material Costs
The 'United States Processed Meat Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to offering. United States Processed Meat market is expected to reach US$ 168.5 billion by 2033 from US$ 117.9 billion in 2024, with a CAGR of 4.05% from 2025 to 2033 Market sales are increased by elements including accessibility, price, ease of use, and palatable flavor. There are numerous variations of the same product and ongoing innovation in the processed meat sector. In the processed category, clean-label and all-natural products are still popular. Popular claims on labels for processed meat products include low-sodium, low-fat, low-calorie, no MSG, and free of additives and preservatives. The market for processed meat is extensively used in institutional and retail contexts. Due to consumer preferences for shopping at supermarkets, hypermarkets, and online, retail sales are significant. Additionally, demand is driven by the food service business, specifically the HoReCa sector. In order to meet the needs of animals for protein, vitamins, or minerals, forage-based diets are strategically supplemented by technology-driven meat manufacturers in the United States. With a nearly 30% market share in 2022, the US ranks among the world's top producers of beef. In 2022, the nation's beef production increased by 354.9 million pounds to 28.4 billion pounds. Missouri, Texas, Oklahoma, and Ohio are the leading beef-producing states in the United States. About 2.9 million cattle were killed in Ohio in 2022, making it one of the top beef-producing states in the country. Additionally, Ohio produced 2% more beef in 2022 than it did in 2021. Additionally, Cargill Inc. acquired two meat facilities from longtime partner Ahold Delhaize USA in February 2024. To increase its production and supply merchants in the Northeast region of the nation with supermarket-case-ready beef and pork, the company has made investments in two processing facilities. Growth Drivers for the United States Processed Meat Market Rising Consumer Demand for Convenience The market for processed meat in the United States is expanding due in large part to rising customer desire for convenience. Customers are looking for products that require little cooking time and rapid preparation because their lives are becoming more and more hectic. Processed meats that are ready to eat, such cold cuts, sausages, and deli meats, meet this need well and offer a convenient option for meals and snacks. Furthermore, frozen processed beef products are becoming more and more well-liked due to their extended shelf life and ease of meal preparation. The need for quick, easy food options has increased as more people work longer hours and value convenience. As a result of this change, processed meat sales have increased in supermarkets, convenience stores, and online marketplaces, bolstering the U.S. market's ongoing growth. Increased Disposable Income The US processed meat business is expanding as a result of customers' increased ability to spend more on high-end goods due to their increased disposable income. Consumers are willing to spend more for premium processed meats, like organic, grass-fed, and gourmet varieties, when family earnings improve. Consumer desires for quality and transparency in food sources are expanding, and these high-end items are perceived as healthier, more sustainable, and better tasting. Additionally, consumers are more likely to experiment with specialized meats like premium cuts, cured meats, and artisanal sausages as their discretionary income increases. This tendency is especially prevalent among wealthy, health-conscious consumers who are prepared to spend money on high-end foods, which is driving up demand for upscale processed beef products and opening up new markets. Demand from Food Service Industry One of the main factors propelling the processed meat market in the United States is the expanding demand from the food service sector. Processed meats are widely employed in a variety of menu items, such as sandwiches, burgers, wraps, salads, and breakfast options, as the fast-food and restaurant industries continue to grow. Popular processed meats including deli meats, bacon, sausage, and ham are used extensively in quick-service and fast-casual restaurants since they are essential to many restaurant recipes. Additionally, because processed meats are simple to handle, store, and cook in big numbers, the growing popularity of delivery and takeout services has increased the use of processed meats. The food service industry's increasing reliance on processed meats fosters market expansion and opens up new business prospects for producers. Challenges in the United States Processed Meat Market Intense Competition The increased popularity of plant-based meat substitutes is a major factor driving the fierce competition in the US processed meat sector. Customers who are worried about the health hazards of processed meats, such as their high sodium content, preservatives, and saturated fats, are drawn to these substitutes, which are frequently promoted as better and more ecologically friendly options. Products derived from plants, such as soy, pea protein, and mushrooms, are thought to address these issues and satisfy consumers' growing need for cruelty-free and sustainable food sources. In order to stand out from the competition and hold onto market share, traditional processed meat companies are under pressure to innovate, whether through cleaner labels, healthier formulations, or new product offers. In order to remain competitive in a changing market, meat producers are being forced to reconsider their tactics due to the trend toward plant-based diets. Beef's popularity and versatility may drive dominance in processed meats Beef could be a dominant meat type in the U.S. processed meat market. This is because of its enormous reputation and adaptable utilization. With a wealthy flavor profile and diverse applications, beef merchandise attracts a broad purchaser base. Its adaptability in various processed meat forms, such as sausages, burgers, and deli meats, makes it a staple in American diets. Further, the established beef enterprise infrastructure ensures steady supply and quality, further solidifying beef's prominent role in the United States processed meat market. Chilled processed meat's freshness and convenience may lead market dominance Chilled processed meat holds the potential for the largest share of the United States processed meat. This is because of its freshness, enchantment, and convenience. With purchasers increasingly prioritizing convenience without compromising quality, chilled processed meat products provide stability in shelf life and freshness. These merchandises undergo minimal processing, retaining natural flavors and textures, which resonates nicely with health-aware consumers. Further, the extensive availability of refrigeration infrastructure guarantees the accessibility and preservation of chilled processed meat. This is contributing to its dominance in the U.S. processed meat market. Hypermarkets and supermarkets drive significant sales in the processed meat market Hypermarkets and supermarkets are among the leading sections of the United States processed meat market. This is because of their massive reach and various product offerings. These retail giants offer a wide selection of processed meat products under one roof, imparting comfort and range to purchasers. Also, their strategic locations and efficient supply chain control ensure regular availability and competitive pricing. The extensive client base and promotional activities further bolster their dominance, making hypermarkets and supermarkets the preferred destination for processed meat purchases in the U.S. Company Analysis: Overview, Recent Developments, Revenue Analysis Hormel Foods Tyson Foods Conagra Brands Inc. General Mills Kraft Heinz Company Cargill, Incorporated Pilgrim's Pride Corp. Key Attributes: Report Attribute Details No. of Pages 70 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $117.9 Billion Forecasted Market Value (USD) by 2033 $168.5 Billion Compound Annual Growth Rate 4.0% Regions Covered United States Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Unites States Processed Meat Market 6. Market Share 6.1 By Meat Types 6.2 By Processed Types 6.3 By Distribution Channels 7. Meat Types 7.1 Poultry 7.2 Beef 7.3 Pork 7.4 Others 8. Processed Types 8.1 Frozen 8.2 Chilled 8.3 Canned 9. Distribution Channels 9.1 Hypermarkets and Supermarket 9.2 Convenience Stores 9.3 Online Retail Stores 9.4 Others 10. Porter's Five Forces 10.1 Bargaining Power of Buyer 10.2 Bargaining Power of Supplier 10.3 Threat of New Entrants 10.4 Rivalry among Existing Competitors 10.5 Threat of Substitute Products 11. SWOT Analysis 11.1 Strengths 11.2 Weaknesses 11.3 Opportunities 11.4 Threats 12. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: UNITED STATES NORTH AMERICA SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 04/11/2025 04:43 AM/DISC: 04/11/2025 04:43 AM
Yahoo
19-03-2025
- Business
- Yahoo
Textured Vegetable Protein Market Size is to be Worth US$ 2.93 Billion by 2031, Exclusive Research by The Insight Partners
Textured vegetable protein market share to register a CAGR of 6.1% during 2024-2031. Key companies are Archer-Daniels-Midland Co, Cargill Inc, Ingredion Inc, Roquette Freres SA, and International Flavors & Fragrances Inc. US & Canada, March 19, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global textured vegetable protein market is witnessing significant growth owing to the increasing demand for plant-based meat products and wide application scope in the food & beverages industry. The report runs an in-depth analysis of market trends, key players, and future opportunities. Textured vegetable protein (TVP) is often used in vegetarian and vegan diets as a protein-rich alternative to meat due to its versatility and ability to absorb flavors. The demand for TVP has risen in recent years as more people adopt plant-based diets, driven by concerns about health, sustainability, and animal welfare. Overview of Report Findings Market Growth: The textured vegetable protein market is expected to reach US$ 2.93 billion by 2031 from US$ 1.93 billion in 2024; it is likely to register a CAGR of 6.1% from 2024 to 2031. Consumers are increasingly seeking healthier alternatives to traditional animal-based products due to concerns over cholesterol, saturated fats, and other health risks associated with meat. Plant-based options such as textured vegetable protein, which is high in protein and low in fat, are seen as a nutritious substitute, particularly for those seeking vegetarian, vegan, or flexitarian diets. The environmental impact of animal farming, including greenhouse gas emissions, water usage, and land degradation, has led to growing interest in sustainable food choices. Textured vegetable protein is made from soybeans or other plant-based sources, and producing plant-based proteins typically requires fewer resources and has a lower environmental footprint compared to meat production. Flexitarianism, which refers to reducing meat consumption without completely eliminating it, is gaining popularity. People are increasingly incorporating plant-based meat substitutes such as textured vegetable protein into their diets. This growing flexitarian demographic is a major driver for the plant-based protein market, including textured vegetable protein. Government Initiatives to Promote Consumption of Vegetable Proteins: Government bodies across various countries are promoting the consumption of plant-based meat owing to the rising environmental concerns and health benefits offered by these products. Additionally, governments of various countries are actively investing in research and development and new product launches of plant-based meat products. In 2021, the South Korean Ministry of Agriculture, Food and Rural Affairs established a US$ 70.3 million fund with several sub-funds dedicated to food and agriculture. The Green Bio Fund investments specifically mentioned plant-based and cultivated meat companies. Moreover, in June 2022, the Food Safety and Standards Authority of India (FSSAI) finalized the Vegan Foods Regulations and established a separate regulatory framework for food ingredients free from animal products. Such initiatives by key countries boost the demand for plant-based food. By establishing new dietary guidelines in 2021, the government of China announced plans to lower the country's meat consumption by 50%. The country's health ministry recommended that individuals consume only between 40g and 75g of meat per day. The measures aim to enhance public health while reducing GHG emissions significantly. Such measures by government authorities further boost the demand for alternative meat products. Rise in Veganism: The rising health concerns among people due to the increasing prevalence of obesity, diabetes, and other diseases are compelling people to change their dietary habits. Many people are adopting a vegan diet due to the rising health consciousness. In addition, the number of flexitarians who consume less meat and are occasionally vegetarian is also on the rise. Plant-based meat is generally perceived to be healthier than animal-based meat. The increasing adoption of veganism is also attributed to the empathy toward animals and awareness of the ill-treatment of animals in slaughterhouses and similar facilities, which has raised concerns about animal protection among consumers. These factors are boosting the demand for meat substitute ingredients such as soy protein, pea protein, tofu, and tempeh. A 2024 survey by Finder found that around 4.7% of UK adults identify as vegan, representing over 2.5 million people, a growth from an estimated 1.1 million people in 2023. Moreover, vegan meals were trending topics in more than 30 US cities holding Vegan Chef Challenge events, where participating restaurants highlighted special vegan dishes. Thus, the rise in veganism across the globe is expected to create new trends in the textured vegetable protein market in the coming years. Geographical Insights: In 2024, Europe led the market with a substantial revenue share, followed by North America and Asia Pacific. Further, Asia Pacific is expected to register the highest CAGR during the forecast Segmentation Based on source, the textured vegetable protein market is segmented into soy, pea, and others. The soy segment held the largest share of the market in 2024. Based on product type, the market is segmented into flakes, chunks, and others. The flakes segment held the largest share of the market in 2024. In terms of category, the market is bifurcated into organic and conventional. The conventional segment held a larger share of the market in 2024. By application, the textured vegetable protein market is bifurcated into food & beverages and animal nutrition. The food and beverages segment accounted for a larger share of the market in 2024. The textured vegetable protein market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America. Competitive Strategy and Development Key Players: Major companies operating in the textured vegetable protein market are Archer-Daniels-Midland Co, Cargill Inc, Ingredion Inc, Roquette Freres SA, International Flavors & Fragrances Inc, MGP Ingredients Inc, Puris, DSM-Firmenich AG, Axiom Foods Inc, and Foodchem International Corp. Trending Topics: Plant protein, soy protein, pea proteins, and plant protein ingredients Global Headlines on Textured Vegetable Protein Ingredion Launches VITESSENCE Pea 200 D, Shaking Up Drinking Experiences in Nutritional Beverages Kröner-Stärke unveils a new line of TVP meat replacements following €36 million facility expansionConclusion Textured vegetable protein (TVP) is a meat substitute made from defatted soy flour, which is processed into various forms resembling the texture of meat. It is often used in vegetarian and vegan diets as a protein-rich alternative to meat due to its versatility and ability to absorb flavors. The demand for TVP has risen in recent years as more people adopt plant-based diets, driven by concerns about health, sustainability, and animal welfare. TVP is not only cost-effective but also offers a high protein content and is environmentally friendly compared to traditional animal-based proteins, making it a popular choice among consumers seeking alternative protein sources. The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, textured vegetable protein manufacturers, distributors/suppliers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Related Report Titles: Hydrolyzed Vegetable Protein Market Size, Share, Growth, Trends, and Forecast by 2031 Oat Proteins Market to Reach USD 68,222.4 thousand at a CAGR of 4.0% in 2027 Functional Proteins Market Size and Share Report to 2027 Organic Soy Protein Market Key Players, Opportunities, and Forecast by 2031 About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit MathurE-mail: +1-646-491-9876Press Release: in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Biodegradable Plastic Additives Market worth $2.20 billion by 2029, at a CAGR of 8.1%, says MarketsandMarkets™
Delray Beach, FL, March 07, 2025 (GLOBE NEWSWIRE) -- In terms of value, the Biodegradable Plastic Additives Market is estimated to grow from USD 1.49 billion in 2024 to USD 2.20 billion by 2029, at a CAGR of 8.1%, as per the recent study by MarketsandMarkets™. Integration with bioplastics growth, biodegradability standards in single-use plastics, and focus on food safety and non-toxicity are the key driver in the market. Manufacturers are also focused on to increase their presence in Asia Pacific region due to the strong growing countries such as India and China. Download PDF Brochure: Browse in-depth TOC on 'Biodegradable Plastic Additives Market' 313 - Market Data Tables 57 – Figures 258 - Pages List of Key Players in Biodegradable Plastic Additives Market: Cargill Inc. (US), DIC Corporation (Japan), A DEKA Corporation (Japan), Croda International Plc (UK), Stora Enso (Finland), UPM-Kymmene OYJ (Finland), Clariant AG (Switzerland), Borregaard AS (Norway), Corbion N.V. (Netherlands), Avient Corporation (US) Drivers, Opportunities and Challenges in Biodegradable Plastic Additives Market: Drivers: Focus on food safety and non-toxicity Restraint: Lack of established supply chains Opportunity: Government incentives and subsidies Challenge: Competition from fossil-based alternatives Get Sample Pages: Key Findings of the Study: Bio-based non-aromatic segment accounted for largest share, in terms of value, of the global biodegradable plastic additives market in 2023. Consumer goods segment was accounted for the largest share in biodegradable plastic additives market, in terms of value, during the forecast period. Europe is estimated to be the largest market for the biodegradable plastic additives market, in terms of value, in 2023. Based on chemistry type, the biodegradable plastic additives market is segmented as bio-based aromatic (lignin-based additives, monomers and oligomers), bio-based non-aromatic (aliphatic bio-based additives, other non-aromatic bio-based additives). From them, bio-based aromatic accounted for second largest market share, in terms of value, in 2023. This is due to their importance in improving the structure and functionality of bioplastics, bio -based aromatics are the second largest segments in biodegradable plastic additives market. These substances are obtained from renewable resources, and they provide improved thermal stability, rigidity and durability which are necessary characteristics for high performance applications in packaging, automotive and consumer goods. Based on type, the biodegradable plastic additives market is segmented into bio-based plasticizers, bio-based stabilizers, bio-based flame retardants, bio-based antimicrobial additives, bio-based antistatic agents, bio-based impact modifiers, and other bio-based additives. The bio-based antimicrobial additives are projected to register the highest CAGR in terms of value during forecast period. Because owing to their usage in industries which are more focused on hygiene and sustainability. Being sustainable in nature, these additives serve the purpose of improving the durability of biodegradable plastics by indirectly preventing its biodegradation and preserving it from bacterial and fungal infection. Their applications cover packaging (especially food), health care, and other products aimed at ensuring hygiene and longer shelf life. Get Customization on this Report: Based on region, North America was the second largest region for the consumption of biodegradable plastic additives owing to factors such as a strong industrial base, adoption of advanced technologies and emphasis on sustainability. Backed by additives that enhance performance and functionality, the region's well-established packaging, agriculture and healthcare sectors are driving demand for biodegradable plastics. Moreover, the region's extensive infrastructure for bioplastic manufacturing and collaboration between industries and academia foster innovation. These factors collectively make North America a key player in the global biodegradable plastic additives market Browse Adjacent Markets Specialty Chemicals Market Research Reports Related Reports: Personal Protective Equipment Market Pet Food Packaging Market Industrial Coatings Market Pharmaceutical Packaging Market Industrial Gases Market CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. 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In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@ Visit Our Website: in to access your portfolio
