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May 26, 2020

Atlantic Natural Foods builds plant-based facility in Bangkok with JV partner Pataya Food Group

Atlantic Natural Foods, a plant-based products manufacturer in the US, is building a new facility in Bangkok with its joint-venture partner.

By Dean Best

Atlantic Natural Foods, a plant-based products manufacturer in the US, is building a new facility in Bangkok with existing local partner Pataya Food Group.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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The 47,000 square-foot plant, which will be embedded within the existing Pataya Food Group factory in the Thai capital, is expected to be completed in June, increasing the production capacity the two companies operate under a venture called Healthy Life Foods Co.

“Upon its completion, it will be the first space in Thailand fully dedicated to shelf-stable, plant-based foods production,” Atlantic Natural Foods, owned by investment firm AFT Holdings, said in a statement.

The new facility will be exclusive to producing Loma Linda ready-to-eat meal products, as well as the company’s Tuno seafood-alternative products.

Headquartered in Nashville, North Carolina, Atlantic Natural Foods makes alternatives to meat and seafood, as well as plant-based ready meals, cookies and egg substitutes under the brands Loma Linda, Neat and Tuno. 

The company also plans to increase capacity at its facility in North Carolina, with new equipment and new hires, although it did not say how many jobs would be created.

“In 2016, we committed to bringing tasty, shelf-stable, better-for-you, portable foods to the world at a good value, and we’re pleased to experience a 40 percent sales increase year over year,” commented J. Douglas Hines, Atlantic Natural Foods’ chairman said.

He added the company had seen “our strongest numbers to date in 2020 with more and more people seeking plant-based and shelf-stable options”.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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