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GlobalData: Indian consumer packaged goods companies downsizing product pack sizes as consumers become more price-sensitive amid inflation, cost-of-living crisis; trend to grow more pronounced as CPG sales growth in India slows over 2022 and 2023

GlobalData forecasts Australian meat substitute sales to expand at 15.4% CAGR to US$304.5M by 2026, spurred by rising awareness about health, sustainability, animal welfare; increased availability of meat alternatives in retail, foodservice also a driver

GlobalData forecasts China's meat substitutes market to expand at CAGR of 7.7% to reach US$567.5M in 2026, driven by COVID-19 induced health awareness, favorable public policy as government targets 50% reduction in per capita meat consumption by 2030

GlobalData: Cost of living crisis, trade wars among factors deglobalizing sustainability agenda, and long-term approaches now more focused on specific trading blocs/alliances; ironically, 'friend-shoring' supply chains could lessen environmental impact

Asia-Pacific's food industry sees 32.3% year-over-year decline in deal activity in October, led by Minerva Foods Asia's US$251.3M acquisition of Australian Lamb, according to GlobalData's deal database

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