View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 20, 2020

Century Pacific Food claims first with UnMeat brand in Philippines

Century Pacific Food, a meat and seafood products manufacturer in the Philippines, has entered a new category in the protein sector.

By Dean Best

Century Pacific Food, a meat and seafood products manufacturer in the Philippines, is launching a plant-based brand in the country’s retail channel.

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

The Manila-based business said the UnMeat brand is the “first vegan meat-alternative” in the Philippines. It has started off with plant-based burgers, which were rolled out in the company’s foodservice operation – Shakey’s Pizza Asia Ventures – in October with more products to follow in the “next few months”, a spokesperson confirmed. UnMeat will feature in retail and the out-of-home sectors.

Century Pacific also produces milk products and also canned coconut cream. Seafood – tuna and sardines – is the largest part of the business, accounting for 47% of last year’s PHP40.5bn (US$838.8m) in sales, followed by meat (36%) and milk (14%), according to the company’s annual report. Net profit was PHP3.15bn.

Christopher Po, executive chairman of the company, said in a statement: “We believe UnMeat is a valuable addition to our brand and product portfolio as more and more Filipinos embark on healthier lifestyles. At the same time, this initiative supports both our ambition to become a healthier food company and to do business in a more sustainable and responsible way.” 

UnMeat patties are made with non-GMO plant-based ingredients, with zero cholesterol and trans fats.

The company, which also supplies own-label products for retailers, said it “celebrated its first year of being 100% plastic neutral earlier this year, following a push in 2019 to be plastic neutral by 2020”. 

Related Companies

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food