25 September 2023
25 September 2023
Can plant-based bring home the bacon for Finnebrogue? Jago Pearson on why the UK food company is investing in alt-meat production.
In return for the minority interest, This secures £4m ($4.8m) of advertising slots.
The Texas-based business, which sells into major US grocery retailers, has a new owner.
Bjarni Ármannsson, who has been at the helm for almost five years, is stepping down.
The private-equity firm has joined Japan’s Mitsui & Co. as a backer of the dairy business.
Leading plant-based meat players are facing a turbulent period but GlobalData forecasts underlying growth to 2027.
Fruit grower Driscoll’s and Canada’s British Columbia Investment Management Corp. make up the rest of the investment group.
The cultured protein innovation centre is aimed at making production “more efficient” and “economically competitive”.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
GlobalData estimates that the global dairy & soy food sector will grow at a CAGR of 17% during 2022–27. The healthy eating trend has encouraged consumers to seek alternatives to traditional dairy products. Plant-based dairy alternatives are often perceived as healthier due to their lower saturated fat content. Moreover, increasing awareness about food allergies and intolerances, coupled with consumers’ interest in alternative diets, will drive manufacturers to launch lactose- and gluten-free products.
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