Derrick Teal

Alternative-protein based foods are in high demand from consumers, so much so that FinancialNewsMedia.com is projecting the global plant-based protein market to be valued at $34.5 billion by 2032—that’s up from $11.3 billion in 2022.

Renovating a facility to increase its capacity, energy use and water consumption doesn’t sound like it would earn Food Engineering’s 2022 Sustainable Project of the Year, but that’s exactly what Kerry’s coatings and seasonings facility in Rome, Georgia, has done.

After a brief stint in the top spot for PepsiCo, Nestlé reclaimed the mantle of top food and beverage producer by revenue in this year’s Top 100 Food and Beverage Companies. Plus, there was a massive jump in revenue reported by Archer Daniels Midland, giving the company enough to vault into the second spot, pushing PepsiCo down to third.