Waning investor appetite and geopolitical instability could hamper efforts to commercialise the products on a wider scale.
The new facility, to be located in Ballarat in Victoria, will have the capacity to manufacture 180 million bars a year.
Sinagpore agri giant Agrocorp is investing in plant-based foods, including in the launch of downstream, consumer-facing products.
Brands can tap into ‘hi-lo’ consumption, when shoppers cut out high-cost expenditures in response to budget constraints and compensate with smaller, frivolous purchases.
The US giant is seeking to establish the company’s namesake CSD brand as the best soda to complement food.
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Ingredient suppliers, facing demand for lower-sugar applications and interest among consumers for ‘clean label’ products, have opportunities to exploit.
The UK cost-of-living crisis is set to cause shoppers to reappraise their entire spending and prepared meals may end up a beneficiary, GlobalData argues.
Nestlé’s investment in Orgain should enable the Swiss giant to tap into demand for functional nutrition, GlobalData Consumer argues.
Three of India’s biggest snacks companies are seeking to shake up the country’s not-so-innovative biscuits category, writes GlobalData Consumer.
The Livekindly Collective is the latest international meat-alternative business to target China and, with its Chinese-centric new products, GlobalData Consumer believes the company stands a good chance of success.