Page 60 - Food&Drink Magazine November-December 2021

YEAR IN REVIEW
The findings recommended a 50 per cent global reduction in meat by 2050 and more than doubling of protein consumption from pulses and grains. Plant-based meats are forecast to account for 10 per cent of the $1.4 trillion global meat market by 2029 – up from one per cent in 2019.
TREASURY WINE TO SELL US BRANDS
Treasury Wine Estates licensed The Wine Group to source
and sell the Beringer Main & Vine, Beringer Founders’ Estate, Coastal Estates
and Meridian brands in
the Americas as it focuses on its premium wine business in the US.
The Wine Group will acquire existing
inventories associated
with these brands on a progressive drawdown basis and will assume responsibility for related future bulk wine supply contracts.
It will generate cash proceeds of approximately $100 million, TWE said. In 1H FY21, the brands contributed 2.3 million cases of volume, $92
million of net sales
revenue and $13.5
million of gross profit.
✷ APRIL
ASAHI ACQUIRES ALLPRESS
Premium coffee brand Allpress Espresso was acquired by Asahi Beverages, as the beverage giant looked to fill gaps in its multi- beverage portfolio.
Asahi Beverages CEO Robert Iervasi said the company had been exploring ways to participate in the coffee market when the opportunity with Allpress came along.
The Allpress management team and 240 employees will stay with the business post completion.
AUSTRALIAN PLANT PROTEINS SECURES $45.7M
Australia’s only commercial plant protein fraction plant, Australian Plant Proteins (APP), secured
$45.7 million from global agrifood company Bunge.
The investment will allow the company to
double its output of plant protein isolates by March 2022.
APP launched its first processing plant in
Horsham last year in a major value-added step for Australia’s legume and pulse
supply chain.
The agreement gives Bunge a
minority stake in the company, and exclusive distribution
rights in the Americas. It also includes the option to licence
APP proprietary processing technology outside Australia. The
company has an existing domestic partnership with Scalzo Foods in Australia and New Zealand.
AUSTRALIAN ALT PROTEINS COUNCIL LAUNCHED
A new representative group for Australia’s alternative protein sector has been launched. It will represent the sector in national policy discussions and ensure a collective voice for the burgeoning industry.
Australian alternative protein think tank Food Frontier will act as secretariat for the APC. Founding companies include Sanitarium, ProForm Foods, v2food, Rogue Foods, Nestlé Australia and Impossible Foods.
NEW SMITH’S PRODUCTION LINE BRINGS JOBS, SNACKS A new $18 million baked chip line at Smith’s factory in Regency Park, South Australia is operating 24/7 and has created 28 new full-time permanent positions.
The line is Australia’s only high-capacity baked potato line, which will produce a wide range of
new better-for-you snacking innovations, including Smith’s Oven Baked potato chips and Red Rock Deli premium crackers.
The line was installed during the 2020 COVID-19 lockdown, with the support of the South Australian Government. It gave special dispensation to interstate specialist workers to enter the state, allowing the project to be delivered on time.
VICTORIA’S TRADITIONAL OWNERS RELEASE NATIVE FOOD INDUSTRY STRATEGY Victoria’s Traditional Owners released a strategy restoring their leadership of the state’s native foods and botanicals industry. The strategy is an Australian first and backed by the Victorian government.
The plan is to create a strong, authentic, sustainable bushfood industry. The strategy outlines that the best way to turn native foods and botanicals into a major, sustainable industry is to
protect its integrity and authenticity.
It will guide recovery and reclamation of important knowledge and practices by mapping out the actions needed for Victorian Traditional Owners to restore their rights of biocultural species, knowledge and practices.
The strategy details four guiding principles: culture, country, community, and commercial, which have been developed through engagement with Traditional Owners and their communities, including Elders, Knowledge Holders, and Traditional Owner Corporations.
EXCLUSIVE: AUSBEV SUGAR STUDY FINDINGS
A longitudinal trends analysis on Australian sales of sugar sweetened beverages found a 30 per cent decrease in per capita sugar contribution from non- alcoholic water-based beverages, the Australian Beverages Council (AusBev) says. The decrease is equivalent to a reduction in 32 teaspoons or 127 grams of sugar per person, per year. The AusBev commissioned study looked at the 22-year period from 1997 to 2018.
AusBev CEO Geoff Parker said the council commissioned the research to see if the data would reflect the anecdotal evidence the industry was reporting. There were some early consumer trend indicators stemming from national nutritional surveys in 1995 and again in 2011/12, but a lack of anything more recent.
The AusBev Council is advocating for a national survey every five years.
ON THE COVER
GS1
APRIL 2021
BEER FINDS ITS NEW SWEET SPOT P20 IN A
AUSSIE SPI BOX P26
RIT PLANT-BASED INDUSTRY ROUND-UP P30
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