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Global Food Processing Ingredient Market Projected To Reach $71.54 Billion By 2030

Palm Beach, FL – December 15, 2022 – FinancialNewsMedia.com News Commentary – There has been an increasing demand for processed food items in today’s world. The processing of food involves a change from one type to another. The food process principally consists of three varieties, primary, secondary, and tertiary food process, Primary food process involves the process of food to create it edible. The secondary process involves processing the ingredients into acquainted foods like bread, whereas the tertiary food process involves obesity-based products for an instance containing high sugar or low fibers. With the assistance of assorted food process ingredients, the demand for processed foods is projected to grow for the next several years. A report from Verified Market Research projected that the Food Processing Ingredient Market size, which was valued at USD 46.47 Billion in 2021 is projected to reach USD 71.54 Billion by 2030, growing at a CAGR of 4.91% from 2022 to 2030. The report said: “Food process ingredients add parts to meals to elongate the period or to extend the nutritional quality of the food by adding vitamins and minerals. It keeps the style, texture, thickness, and color of foods safe. The marketplace for food process ingredients is being driven by the speedy rise in demand for processed foods among customers everywhere on the planet. Food process ingredients additionally provide extra health advantages, that is expected to own a considerable impact on food process ingredients. The rising beverage consumption in developed countries is predicted to have a major impact on the Food Processing Ingredient Market.”  Active Companies in the markets today include AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), ADM (NYSE:ADM), Conagra Brands, Inc. (NYSE: CAG), Tyson Foods, Inc. (NYSE: TSN), McCormick & Company, Incorporated (NYSE: MKC).

 

“Global market revenue growth is expected to be majorly driven by… preference for healthy merchandise. Business analysis is indicative that rising preference for the superior quality of food products and raising awareness concerning the advantages of processed foods are alternative key factors expected to drive market growth. Food process ingredients change flavor improvement of foods and beverages, at the same time maintaining the nutritionary of food and beverages. There has been an increasing demand for processed food things in today’s world.  The bakery and confectionery category accounted for the greatest revenue share in the Global Food Processing Ingredient Market among application categories. To address the growing demand for high-quality food, major corporations are investing in the development of creative products that use high-quality ingredients.”

 

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) BREAKING NEWSAgriFORCE Announces Successful Production Trial and Begins Commercialization of UN(THINK) Awakened Flour –  The “better for you” flour leverages a patent-pending process to produce a tastier, more nutritious, easier-to-digest product and is now launching in Canada and the U.S.  –  AgriFORCE Growing Systems Ltd. (“the Company”), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, has today announced the commercialization of UN(THINK) Awakened Flour following the successful completion of the scaled up batch trial. Commercialization will follow at the beginning of 2023 and focus on bakeries in Canada and the USA, followed by a direct-to-consumer launch.

 

As announced earlier this year, Awakened Flour is a “better for you” flour that uses a 100% natural patent-pending process to create a gently germinated flour that is more nutritious, easier to digest, and better tasting with 2 times the protein of regular wheat flour1. AgriFORCE’s highly precise sprouting process increases the bioavailability of vitamins and minerals, allowing them to be absorbed by the body, while changing the total amount of fiber in whole grains, helping to improve gut health.

 

Production is currently based in Saskatoon, Saskatchewan, Canada, one of the world’s best and largest grain producing regions. UN(THINK) Foods has secured strategic partnerships with local non-GMO suppliers and specialty milling partners who bring their expertise and care to the products.

 

“UN(THINK)’s Awakened Flour has the ability to become the gold standard of sprouted flour,” commented Hernando Ruiz-Jimenez, UN(THINK) Food Co.’s General Manager. “Consumers are eager for products that offer enhanced nutritional value and better digestion, and no product currently on the market matches Awakened Flour’s nutritional and flavor profile. We’re thrilled to have the opportunity to begin our relationship with bakeries, restaurants and other B2B customers throughout North America.”  CONTINUED…  Read this full release for AgriFORCE Growing Systems at:  https://ir.agriforcegs.com/

 

Other recent developments in the markets include:

 

ADM (NYSE:ADM) recently announced that it has won the Environmental Initiatives category of the 2022 SEAL Business Sustainability Awards for expanding its regenerative agriculture programs supporting farmers across North America. Granted by a judging panel of renowned environmental and energy industry experts, the award recognizes exceptional programs or initiatives that push the frontier on environmental leadership and progress.

 

ADM’s project, “Providing Economic and Sustainable Solutions Through Regenerative Agriculture,” expands on ADM’s long-term commitment to support growers in their transition to regenerative agriculture. In 2022, ADM launched a number of projects and partnerships, including with the National Fish and Wildlife Foundation (NFWF), US Department of Agriculture, PepsiCo, and the Farmers Business Network, that equip North American farmers with financial, technical and educational resources to support regenerative farming. This work builds on years of progress ADM has made in supporting farmers in their transition to regenerative agriculture.

 

Conagra Brands, Inc. (NYSE: CAG) recently announced that it will host a webcast and conference call to review its fiscal 2023 second quarter results on Thursday, January 5, 2023, at 9:30 a.m. ET. The company’s news release will be issued at approximately 7:30 a.m. ET.

 

The live audio webcast and presentation slides will be available on conagrabrands.com/investor-relations under Events & Presentations. The conference call may be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants and using passcode 8026468. Please dial in 10 to 15 minutes prior to the call start time. Following the company’s remarks, the conference call will include a question-and-answer session with the investment community.

A replay of the webcast will be available until January 5, 2024.

 

Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, recently delivered record annual sales and earnings performance.

 

Fiscal 2022 Highlights Were: GAAP EPS of $8.92, up 7% from prior year; Adjusted EPS of $8.73, up 5% from prior year; GAAP operating income of $4,410 million, up slightly from prior year; Adjusted operating income of $4,414 million, up 3% from prior year; Total Company GAAP operating margin and adjusted operating margin of 8.3%; Repurchased 8.2 million shares for $702 million; and Reduced total debt by approximately $1 billion.

 

“We delivered record sales and earnings for the full year, which was supported by our diverse portfolio and continued strength in consumer demand for protein,” said Donnie King, president and CEO of Tyson Foods. “Our results were supported by historically strong operations in our Beef segment and improved performance in our Chicken segment. We also experienced share gains in both our foodservice Focus 6 categories and retail core business lines, which include our Tyson, Jimmy Dean, Hillshire Farm and Ball Park iconic brands.”

 

The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) recently declared an increase in the quarterly dividend from $0.37 to $0.39 per share on its common stocks, payable January 9, 2023 to shareholders of record December 30, 2022. This marks the 37th consecutive year that the Company has increased its quarterly dividend.

 

Lawrence E. Kurzius, Chairman & CEO, said “Our proven strategies are designed to drive long-term profitable growth and build value for our shareholders. We are proud to be a Dividend Aristocrat and remain committed to our long history of returning cash to shareholders. I am pleased to announce another dividend increase.”

 

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult =a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by AgriFORCE Growing Systems Ltd. by a non-affiliated third party.

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE:   FinancialNewsMedia.com

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