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October 8, 2021

Denmark earmarks funds for plant-based food development

The Danish government said a “strategy for green proteins for animals and humans must be developed”.

The Danish government has established a fund to promote the development of plant-based foods as part of a parliamentary-wide agreement to support a green transition in agriculture.

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All political parties have agreed the conversion to a plant-based diet is key in Denmark’s transition to a green economy, with the Government setting aside DKK75m (US$11.6m) from 2022-2030 to fund the development, cultivation, processing and promotion of such products. It is planned at least half of those funds will be allocated to plant-based organic foods.

Some DKK580m has also been earmarked for an eco-scheme for farmers from 2023-2027 to invest in plant-based cultivation and processing of such foods.

The Government said a “strategy for green proteins for animals and humans must be developed”, and to that end has set aside DKK260m from 2022-2026 for the biorefining of grass and production of various types of green proteins for animals and humans.

Vertical farming is an area of focus too, with a task force planned under the National Bioeconomy Panel.

Rune-Christoffer Dragsdahl, the secretary general of the Danish Vegetarian Association, said: “Seen in an international context, it is ground breaking that it has been decided that we must have a national action plan for plant-based foods with specific objectives.

“It will resonate internationally, and we are already in contact with international players who are happy that Denmark will be a pioneering country. They believe that it will inspire other countries to go the same way.”

 

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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