03 November 2023
03 November 2023
The meat-free business also lowered its sales outlook, and suggested some brands and markets will be chopped.
The Canada-based group says it wants to improve its efficiency, its use of capacity and “cost structure”.
Dairy bucked the month-on-month easing as milk prices increased.
Unilever said it will proceed with the “prescribed procedures for contesting the fine”.
The company said it still plans to offer “the highest quality plant-based products”.
Seabrook Crisps is extending its plant in Bradford, England, to increase output by 70%.
Unilever, PepsiCo and Mars had previously been added to the National Agency on Corruption Prevention’s register.
The confectionery maker has continued to raise prices in 2023 despite easing inflation rates in some countries.
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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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