National Food Security Act, 2013

Market Consolidation of Larger Companies Acquiring or Merging with Smaller Firms Fueling Growth in Food Supply Chain Operations

Retrieved on: 
Thursday, June 8, 2023

PALM BEACH, Fla., June 8, 2023 /PRNewswire/ -- The flow of products and information between the supply chain's member businesses is known as the supply chain. In the food supply chain, food moves from producer to consumer via the processes of production, processing, distribution, retailing and consumption; thus, food moves from farmer to consumer in a domino–like fashion. As a result, agriculture supply chain management requires managing interactions between firms responsible for the efficient production and distribution of products from farmers to customers to meet the quantity, quality, and price expectations of consumers constantly. This usually requires managing horizontal and vertical alliances, as well as B2B procedures and interactions. Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.  A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%. The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly. A considerable increase in demand for agricultural products, the implementation of advanced farming techniques, the rapid acceptance of blockchain technology, government efforts, and others are all driving the market's growth in different ways."   Active companies in the markets this week include Muscle Maker, Inc. (NASDAQ: GRIL), ADM (NYSE: ADM), Bunge (NYSE:BG), Conagra Brands, Inc. (NYSE: CAG), The J.M. Smucker Co. (NYSE: SJM).

Key Points: 
  • Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.
  • A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%.
  • The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly.
  • Market consolidation with larger companies acquiring smaller competitors to attain economies of scale and vertical integration, the trend of precision farming, and increased investments in agritech start-ups are some of the important drivers driving the growth of the North American market."

Market Consolidation of Larger Companies Acquiring or Merging with Smaller Firms Fueling Growth in Food Supply Chain Operations

Retrieved on: 
Thursday, June 8, 2023

PALM BEACH, Fla., June 8, 2023 /PRNewswire/ -- The flow of products and information between the supply chain's member businesses is known as the supply chain. In the food supply chain, food moves from producer to consumer via the processes of production, processing, distribution, retailing and consumption; thus, food moves from farmer to consumer in a domino–like fashion. As a result, agriculture supply chain management requires managing interactions between firms responsible for the efficient production and distribution of products from farmers to customers to meet the quantity, quality, and price expectations of consumers constantly. This usually requires managing horizontal and vertical alliances, as well as B2B procedures and interactions. Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.  A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%. The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly. A considerable increase in demand for agricultural products, the implementation of advanced farming techniques, the rapid acceptance of blockchain technology, government efforts, and others are all driving the market's growth in different ways."   Active companies in the markets this week include Muscle Maker, Inc. (NASDAQ: GRIL), ADM (NYSE: ADM), Bunge (NYSE:BG), Conagra Brands, Inc. (NYSE: CAG), The J.M. Smucker Co. (NYSE: SJM).

Key Points: 
  • Throughout the agricultural supply chain, however, difficulties such as smallholder/marginal farmer dominance, supply chain fragmentation, lack of economies of scale, low processing/value-added levels, and insufficient marketing infrastructure persist.
  • A report from Verified Market Research projected that the Agriculture Supply Chain Management Market size is projected to reach USD 1802.59 Million by 2030, growing at a CAGR of 10.02%.
  • The report said: "In the following years, the global agriculture supply chain management industry is expected to rise significantly.
  • Market consolidation with larger companies acquiring smaller competitors to attain economies of scale and vertical integration, the trend of precision farming, and increased investments in agritech start-ups are some of the important drivers driving the growth of the North American market."

The International Fellowship of Christians and Jews Honored for Supporting Israel's National Food Security Initiative

Retrieved on: 
Monday, March 27, 2023

JERUSALEM, March 27, 2023 /PRNewswire/ -- During the National Food Security Initiative Annual Conference last week, Yael Eckstein, President and CEO of the International Fellowship of Christians and Jews (The Fellowship), and Israeli President Isaac Herzog were presented awards of distinction for their ongoing dedication and support of Israel's National Food Security Initiative.

Key Points: 
  • JERUSALEM, March 27, 2023 /PRNewswire/ -- During the National Food Security Initiative Annual Conference last week, Yael Eckstein, President and CEO of the International Fellowship of Christians and Jews (The Fellowship), and Israeli President Isaac Herzog were presented awards of distinction for their ongoing dedication and support of Israel's National Food Security Initiative.
  • "No human can be truly respected without caring for their basic needs, the most elementary of which is food.
  • The Fellowship has contributed over $21 million in aid to Colel Chabad's food support programs since 2002, with another $8 million to be added to the National Food Security Initiative, and $1 million for Colel Chabad soup kitchens this year alone.
  • Since 2010, The Fellowship has given a total of more than $254 million to food programs in Israel.

Plant-Based Food Ingredients Market Size Is Estimated To Reach $12.3 Billion By 2030

Retrieved on: 
Wednesday, March 8, 2023

PALM BEACH, FL, March 8, 2023 /PRNewswire/ -- Unlike many markets, the outbreak of the pandemic has positively affected the global plant-based food ingredients market, owing to rise in health consciousness, especially among people after COVID-19. People are dynamically changing their preferences from conventional food to organic, Plant-based and clean label foods & beverages products. Plant-based food ingredients are extracted from fruits, vegetables, plant roots and other parts of the plant. It is majorly used in a certified Plant-based food & beverages. Food ingredients are any substances that can be added to get a desired effect in foods & beverages. It is added to food to impart specific functional qualities such as sweeteners, which are added to get desired sweetness and preservatives to retard spoilage, whether from microbial growth or undesirable chemical changes. Rise in adoption for vegan culture, growing health conscious among people and increase in concerns for animal welfare are some of the major attributes influencing demand for Plant-based foods. This propels growth of the Plant-based food ingredients market.  A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030.   Active Companies in the markets today include Nepra Foods Inc. (OTCPK: NPRFF) (CSE: NPRA), Tattooed Chef, Inc. (NASDAQ: TTCF), Beyond Meat, Inc. (NASDAQ: BYND), Oatly Group AB (NASDAQ: OTLY), ELSE NUTRITION HOLDINGS INC. (OTCQX: BABYF) (TSX: BABY).

Key Points: 
  • This propels growth of the Plant-based food ingredients market.
  • A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030.
  • The Allied market Research report said: "According to the plant-based food ingredients market trend, on the basis of type, the emulsifiers segment was the highest contributor to the market, with $738.4 million in 2020, and is estimated to reach $2,305.0 million by 2030, at a CAGR of 11.8% during the forecast period.
  • According to the Plant-based food ingredients market opportunities, Region wise, North America garnered a considerable share in the market… and is expected to maintain its share throughout the plant-based food ingredients market forecast period."

Plant-Based Food Ingredients Market Size Is Estimated To Reach $12.3 Billion By 2030

Retrieved on: 
Wednesday, March 8, 2023

PALM BEACH, FL, March 8, 2023 /PRNewswire/ -- Unlike many markets, the outbreak of the pandemic has positively affected the global plant-based food ingredients market, owing to rise in health consciousness, especially among people after COVID-19. People are dynamically changing their preferences from conventional food to organic, Plant-based and clean label foods & beverages products. Plant-based food ingredients are extracted from fruits, vegetables, plant roots and other parts of the plant. It is majorly used in a certified Plant-based food & beverages. Food ingredients are any substances that can be added to get a desired effect in foods & beverages. It is added to food to impart specific functional qualities such as sweeteners, which are added to get desired sweetness and preservatives to retard spoilage, whether from microbial growth or undesirable chemical changes. Rise in adoption for vegan culture, growing health conscious among people and increase in concerns for animal welfare are some of the major attributes influencing demand for Plant-based foods. This propels growth of the Plant-based food ingredients market.  A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030.   Active Companies in the markets today include Nepra Foods Inc. (OTCPK: NPRFF) (CSE: NPRA), Tattooed Chef, Inc. (NASDAQ: TTCF), Beyond Meat, Inc. (NASDAQ: BYND), Oatly Group AB (NASDAQ: OTLY), ELSE NUTRITION HOLDINGS INC. (OTCQX: BABYF) (TSX: BABY).

Key Points: 
  • This propels growth of the Plant-based food ingredients market.
  • A report from Allied market Research projected that the Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030.
  • The Allied market Research report said: "According to the plant-based food ingredients market trend, on the basis of type, the emulsifiers segment was the highest contributor to the market, with $738.4 million in 2020, and is estimated to reach $2,305.0 million by 2030, at a CAGR of 11.8% during the forecast period.
  • According to the Plant-based food ingredients market opportunities, Region wise, North America garnered a considerable share in the market… and is expected to maintain its share throughout the plant-based food ingredients market forecast period."

Blue Star Foods’ Taste of BC Aquafarms Submits Application for New and Expanded Land-Based Salmon Aquaculture Farm

Retrieved on: 
Monday, December 12, 2022

Miami, FL, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that its subsidiary, Taste of BC Aquafarms, submitted an application for an aquaculture license to the Department of Fisheries and Oceans (DFO). Taste of BC Aquafarms is seeking approval for a land-based recirculatory aquaculture system (RAS) salmon farm.

Key Points: 
  • Taste of BC Aquafarms is seeking approval for a land-based recirculatory aquaculture system (RAS) salmon farm.
  • Our approach certainly meets their objectives, and we anticipate strong support from DFO for this project.” said Steve Atkinson, Managing Director, Taste of BC Aquafarms.
  • Incorporated in 2010, operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America.
  • The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America.

Oxford Economics: Prologis Properties Facilitate Goods Equal to Nearly 3% of the World's GDP and House 1.1 Million Jobs

Retrieved on: 
Wednesday, December 14, 2022

Other insights from the study include:

Key Points: 
  • Other insights from the study include:
    $2.7 trillion of goods produced or sold in the world went through Prologis facilities in 2022, a 23% increase from 20202.
  • 4.0% of GDP in Prologis markets: The $2.7 trillion of goods passing through a Prologis facility represents 4.0% of the GDP in the 19 countries in which Prologis operates, compared to 3.5% in 2020.
  • Oxford Economics and Prologis collaborated on the "Future Flow of Goods" study in 2017 and updated it in 2020.
  • 3 Per Oxford Economics, it is important to note that GDP represents the total value of all final goods and services production.

Petco and Stella & Chewy's Partner to Bring Nutritious Dog and Cat Food to More Pets

Retrieved on: 
Wednesday, November 30, 2022

SAN DIEGO, Nov. 30, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced a partnership with Stella & Chewy's that will bring the brand's raw and natural food products to Petco pet care centers, petco.com and the Petco app in January 2023. An advocate of healthy pet food since its founding in 2003, Stella & Chewy's is the category leader in the raw pet food space, and this expansion helps ensure that more pet parents will have access to the benefits of raw food as part of Petco's curated assortment of high-quality nutrition without artificial ingredients.*

Key Points: 
  • Stella & Chewy's offers high-quality, raw and natural pet food made from premium, responsibly sourced ingredients.
  • Its freeze-dried raw food offers complete and balanced raw meals enhanced with probiotics and antioxidants.
  • Petco continues to be a leader in the nutrition category with new, innovative offerings that support pets' wellbeing.
  • Founded in 1965, Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners.

Putting Their Best Foot Forward: Skechers & Petco Love Celebrate Giving Tuesday With A Gift to National Animal Welfare Organizations

Retrieved on: 
Tuesday, November 29, 2022

LOS ANGELES and SAN ANTONIO, Nov. 29, 2022 /PRNewswire/ -- Today in celebration of Giving Tuesday, BOBS from Skechers™, the philanthropic collection from The Comfort Technology Company™, and national nonprofit, Petco Love, announced an initiative supporting the hardworking employees at animal welfare organizations nationwide who put their best foot forward for pets in need. The long-time partners are celebrating the holiday season by gifting 1,000 pairs of BOBS® footwear to shelter employees from Petco Love's extensive network to acknowledge their part in stepping up to help pets find their forever homes.

Key Points: 
  • The 15recipient organizations include dedicated sheltering staffwho have gone the extra mile this year to save animal lives.
  • Organizations chosen are lifesaving partners who have helped animals in need including following the devastation of Hurricane Ian.
  • The recipients of the season of giving include: LA County Care and Control , Capital Humane Society Nebraska , OC Animal Care , Houston Pets Alive!
  • Since our founding in 1999 as the Petco Foundation, we've empowered animal welfare organizations by investing $330 million in adoption and other lifesaving efforts.

Blue Star Foods Reports Growth of 28% to $10.7 Million Revenue for the Nine Months Ended September 30, 2022

Retrieved on: 
Tuesday, November 15, 2022

Miami, FL, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (“ESG”) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (“RAS”), announced financial and operational results for the three and nine months ended September 30, 2022.

Key Points: 
  • Operating loss for the three months ended September 30, 2022, increased by $2.9 million, to $3.4 million, compared to $0.5 million for the three months ended September 30, 2021.
  • Net loss for the three months ended September 30, 2022, increased by $3.5 million, to $3.7 million, compared to $0.2 million for the three months ended September 30, 2021.
  • Operating loss for the nine months ended September 30, 2022, increased by $4.0 million, to $5.3 million, compared to $1.3 million for the nine months ended September 30, 2021.
  • Net loss for the nine months ended September 30, 2022, increased by $5.2 million to $6.2 million, compared to $1.1 million for the nine months ended September 30, 2021
    Adjusted EBITDA loss for the nine months ended September 30, 2022, increased by $1.9 million, to $2.3 million, compared to $0.4 million for the nine months ended September 30, 2021.