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September 14, 2021

Israel’s Tnuva partners Emirates Food Industries in dairy project

Tnuva said the ten-year agreement will initially involve Labneh, a form of strained yogurt.

Israeli food company Tnuva has teamed up with Emirates Food Industries to expand the Abu Dhabi-based agri-food company’s presence in the dairy sector.

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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.
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Tnuva, which is majority-owned by China’s Bright Food, said Emirates Food Industries (EFI) is looking to expand its dairy business by employing the experience of the Israeli firm’s Alon Tavor Dairy in Alon Hatavor, Keisarya. The companies will jointly build new production lines in Dubai.

The project will start with the production of the Mediterranean and Middle Eastern-style Labneh – a form of strained Greek yogurt – under an initial ten-year licensing agreement.

EFI’s dairy portfolio mainly focuses on fresh milk, while it also supplies rice, sugar and flour.

Tnuva said the agreement can be extended for another ten years and will also involve the development and production of other dairy products. The Israeli firm will earn royalties from the products sold under the licensing deal, which it said could amount to “millions of dollars of revenue in the coming years”.

Just Food has approached EFI for comment but a reply was not forthcoming at the time of publication.

As the largest food company in Israel, Tnuva produces cheese, fresh milk and flavoured milk drinks. Its product range also includes soy-based beverages and desserts, eggs, sauces and frozen vegetables.

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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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