The concept of indoor vertical farming gained significant momentum during the Covid-19 crisis as lockdowns exposed the vulnerabilities of the food supply chain and highlighted the need for more reliable and local sources of food. This context, coupled with the sustainability benefits of indoor farms such as reduced water usage, pesticide elimination, and reduced transportation,…
If sales of plant-based meat stalled in 2022, there are nevertheless some sources of resilience in the plant-based category with dairy-free milk, and specifically oat milk, keeping growing at a robust pace as illustrated by the Q4 figures from SunOpta (+23% sales growth for its plant-based milks with volumes up double digit, including +37% for…
As alternatives to conventional proteins keep gaining attention from policymakers, food producers and start-ups alike to reduce greenhouse gas emissions and land and water usage, insects are gradually rising as a major sustainable option. When compared to beef, insect protein production consumes 90% less land, 50% fewer resources and produces up to 200 times lower…
A milestone was reached in the quest for electrification of the agricultural machinery industry in recent weeks, as CNH, the manufacturer of New Holland and Case IH equipment, unveiled its 120HP “T4 Electric Power Tractor”, the sector’s first all-electric light utility prototype with autonomous features. While autonomous features have already made significant inroads into the…
The agriculture industry has been slow to embrace new technologies and is still largely non-automated and non-digitized. But technology adoption now seems to be hitting an inflection point with artificial intelligence and robotics capabilities aimed at farming operations making a giant leap, as illustrated by the recent introduction of a fully autonomous tractor by Deere. These…
Despite the recent slowdown in the plant-based food category, alternatives to conventional meat keep gaining attention from policymakers, food producers and start-ups alike, amid livestock production producing high greenhouse gas emissions and requiring more land and water per calorie of food than crops. Accordingly, in his recent executive order on ‘biotechnology and biomanufacturing innovation’, Joe…
In late June, we argued that a reshaping appeared to be taking place in the sports and energy drink business following the end of the distribution deal between PepsiCo and Bang and reported M&A talks between Monster Beverage and Constellation Brands, a few months after Coca-Cola‘s acquisition of BodyArmor, at a $6.6 billion valuation. We…
Back in 2020, plant-based foods and beverages were all the rage, growing 45% year-on-year as consumers shifted their eating habits during the pandemic toward natural and organic products that are perceived as healthy. Two years on, it’s a very different story: the industry’s growth momentum has stalled to just 6% in 2021 and further deceleration…
Fertilizer names are currently a source of relative resilience in our Food Revolution portfolio as they ride an exceptional environment (strong farming demand, major supply disruptions) to deliver impressive quarterly figures and/or guidance. Nutrien and CF Industries just reported +64% and +173% Q1 revenue growth, respectively, and EBITDA up 3x or 4x the level achieved…
Agriculture machinery makers put a lot of efforts last year in developing their digital capabilities and autonomous driving technology, as illustrated notably by CNH’s takeover of Raven Industries for $2.1 billion and Deere’s purchase for $250 million of Bear Flag Robotics. These initiatives seem to be bearing fruit as Deere unveiled last week, during the Consumer Electronics Show…