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2022. június 21., kedd 12:35 |
Food tech on its way to reshaping a multi trillion market (part 1) |
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Berlin & New York, 21 June, 2022 (APA/OTS) - Bain & ZINTINUS: "The food sector is at a tipping point, about to grow exponen-tially" - Transforming the global food sector to a more sustainable industry is important to improve consumer health and reduce the sector's carbon footprint - it is also a means to secure food supply - The transition of the food system opens enormous opportunity for value creation and thus also for entrepreneurs and investors |
The transformation of the world's food market towards a more
sustainable model is now at a tipping point, within an annual global
food market of US $ 8 trillion.
Food sector transformation relies on innovation to deliver
healthier diets, environmental-friendly production, and more
sustainable food practices. A transformation of this size offers an
opportunity of historic proportions, concludes a white paper
co-authored by two seasoned food experts from Bain & Company and
ZINTINUS, a food tech investment fund.
"Transforming the global food sector into a more sustainable
industry is one of the most urgent tasks of our time that will bring
vast benefits to consumers, society and our planet. Consumer demand
is driving the change, offering a vast market opportunity to
entrepreneurs and investors," says Olaf Koch, Co-author of the
report and CEO of ZINTINUS, a food tech investment fund.
"Fortunately, establishing a more sustainable and healthier system
is absolutely possible with the right platforms to foster food tech
innovation and deliver sustainable products to consumers," continues
Olaf.
The white paper, titled Food Tech - Turning Promise Into
Opportunity" analyses the sector, concluding that opportunities for
innovation range from new ingredients, products and distribution
strategies to completely new food service concepts. Marc-Andre
Kamel, Partner and Head of Global Retail Practice at Bain & Company,
says: "The good news is that transformation on the required scale is
absolutely possible. The prerequisites for a more sustainable,
healthier and secure supply system are now in place. Recent advances
in research and technology have been breath-taking, boosting
confidence that positive change is feasible. We have to create the
conditions for this, and this includes cooperation between as many
parts of society, business and politics as possible."
The report acknowledges that we have seen initial investment of $
18.9bn in US food innovations last year. But, with food demand
predicted to increase by more than 50% by 2050, to transform at the
required scale to make the food sector truly sustainable, it will
require annual investment of US $ 150bn.
The report identifies several trends that will help food sector
transformation, including, amongst others:
- Consumers want healthier and more sustainable products, a trend
boosted by the pandemic. 40% of Millennials and Gen Z state that
they are eating healthier food since the start of the pandemic and
roughly 75% state that they spend more to buy sustainable food
products.
- Plant-based food alternatives are becoming a mainstream
phenomenon. De-mand has increased steadily, outpacing the growth of
incumbent brands by 4-5 times.
- The alternative protein market is projected to reach a volume of
US $68,5bn by 2025, with expected compound annual growth rates above
10%.
- Better food waste analytics that cut hospitality industry waste
and emerging "food rescue" solutions are contributing to a reduction
in global food loss (around 33% today).
- Adaptations to manufacturing and distribution processes will
improve the supply of food on a global scale while creating a more
sustainable and healthier food system.
The opportunity to create substantial value for society and economy
is significant. Dedicated programs are arising to leverage this
opportunity in various parts of the world with Singapore and Israel
at the forefront.
Both authors state that Europe is in a fantastic position to
further expand its role as a positive driver of food sector
transformation. Europe has a history of an incredibly diverse food
culture that is thousands of years old. Europe has become the
largest exporter of food products and has publicly committed to
making the food sector more sustainable, via the European
Commission's "European Green Deal".
The White Paper "Food Tech - Turning Promise Into Opportunity" can
be downloaded from: https://zintinus.com/report/
Bio Olaf Koch: https://zintinus.com/olaf-koch/
Bio Marc-Andre Kamel:
https://www.bain.com/our-team/marc-andre-kamel/
Media Contact for ZINTINUS: James Hartwell Kekst CNC Phone: +44 7870 487 532 Email: james.hartwell@kekstcnc.com
Media Contact for Bain & Company: Gary Duncan Phone: +44 7788 163791 Email: gary.duncan@bain.com (continues)
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2022. június 21., kedd 12:35 |
Food tech on its way to reshaping a multi trillion market (part 2) |
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Berlin & New York, 21 June, 2022 (APA/OTS) - |
About ZINTINUS: ZINTINUS is a food tech growth capital fund with a focus on
alternative proteins, functional food, clean nutrition and food
waste reduction with offices in Berlin, Germany and Boulder, USA.
ZINTINUS aims to contribute its unique combination of knowledge,
experience and network to the positive transition of the food
systems creating the basis for superior value generation along the
whole chain to the benefit of consumers, the environment and
investors.
About Bain & Company: Bain & Company is a global consultancy that helps the world's most
ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients as
one team with a shared ambition to achieve extraordinary results,
outperform the competition, and re-define industries. We complement
our tailored, integrated expertise with a vibrant ecosystem of
digital innovators to deliver better, faster, and more enduring
outcomes. Our 10-year commitment to invest more than $1 billion in
pro bono services brings our talent, expertise, and insight to
organizations tackling today's urgent challenges in ed-ucation,
racial equity, social justice, economic development, and the
environment. We earned a gold rating from EcoVadis, the leading
platform for environmental, social, and ethical performance ratings
for global supply chains, putting us in the top 2% of all companies.
Since our founding in 1973, we have measured our success by the
success of our clients, and we proudly maintain the highest level of
client advocacy in the indus-try.
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