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Of the nearly 20,000 surveyed in EIT Food's report, 51% said they want to eat more healthily.
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Morinaga said the acquisition builds upon its expansion in the US, which the company calls a “priority” growth market.
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The move will mean Meiji manufactures Hello Panda on the east coast of the US as well as in the west of the country.
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Cookin Food Sweden produces salads and sandwiches, among other goods, for retail customers, foodservice and "travel service operators".
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Starboard Value holds a “significant” share of the French fries producer and is pressing for asset sales.
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“I do think there's a longer-term story to be shared around plant protein” – president and CEO Curtis Frank.
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The notice does not immediately affect trading, the California-based alternative protein producer said.
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The new plant in South Covington, Kentucky, will produce frozen meals specifically for airline clients.
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