Food & Agriculture

• [New] For food systems, we find the risk of a grain yield decline of greater than 5% in a given year could be 1.4 times higher by 2050 for Asia relative to today, compared with 1.9 times globally.
• [New] African agriculture is significantly impacted by climate change, with projections anticipating increasing pressure in coming years.
• [New] The Merkur wind farm will help Germany to meet its 2030 target to reduce greenhouse gas emissions by 55% against 1990 levels.
• [New] The market for plant-based meat analogues, dominated by U.S.-based Beyond Meat, Impossible Foods and global food group Nestle, is expected to be worth $27 billion by 2025.
• [New] Online food and beverage sales will grow in 2020 by 60% in spite of the fact that grocery chains have not optimized their e-commerce platfor ∑ ms like retailers in other industries have.
• [New] A recent report from Fortune Business Insights predicts the global agricultural drone market to reach $3.7 billion in value by 2027, at a compound annual growth rate of over 18%.
• [New] The greenhouse gas emissions from food production alone would by 2050 take the world to the 1.5 °C target, and to 2 °C by the end of the century.
• [New] By 2050, global food supply demand is projected to rise by 70%, and regulation and consumer demand are driving new data requirements for the agriculture industry.
• An additional 10 million children globally could face acute malnutrition, with a doubling of the number of people facing acute food insecurity in 2020 relative to 2019.
• The world could exhaust its supplies of top soil in roughly 60 years (or even 30 years in the UK) - a problem that experts link to overuse of agricultural chemicals like pesticides.
• Per capita meat consumption has been rising in the US, although researchers project that it could go down in 2020 due to the impact of Covid-19 on the meat industry.
• In the long-term, the United Kingdom Imports of Meat & Edible Meat Offal is projected to trend around GBP 363.73 Million in 2021.
• Imports Intra Eu - Vegetable, Fruit, Nuts, Plant Parts Prepared in the United Kingdom is expected to be GBP 187.63 Million by the end of this quarter.
• With the world's demand for meat projected to double by 2050, cultured meat offers an innovative food system that will provide nutritional security, drastically reduce carbon emissions, and increase food safety worldwide.
• Imports of Meat & Edible Meat Offal in the United Kingdom is expected to be GBP 363.64 Million by the end of this quarter.
• The global market for plant-based meat will grow to $13.8 billion in 2027, rising at a compounded annual growth rate of 19.4% until then.
• Global catches from wild fisheries are expected to decline slightly in 2020, as, overall, there is a reduced fishing effort due to COVID-19-related restrictions on fishing vessel crews and poor market conditions.
• Transitioning to more sustainable practices in food systems may require US$ 300-350 billion per year until 2030, but deliver an 'economic prize' of $5.7 trillion saved in 'hidden costs' associated with current practices, and unlock $4.5 trillion annual opportunities for businesses.
• Following WHO's call for Member States to eliminate trans fats by 2023, Singapore has announced a ban to be introduced next year, making it the first country in the Western Pacific region to eliminate trans fats from its food supply.
• 100 million doses of vaccine will be ready before the end of the year, assuming the Food and Drug Administration gives the green light to candidates in the coming weeks.
• Orsted has built more offshore wind farms than any company worldwide and has committed to being coal-free by 2023, when it will have reduced its carbon emissions by 96% compared to a decade ago.

Last updated: 01 December 2020