Nomad Foods prioritises restoring volumes, shelf space lost to price
Pricing was a “necessary decision to safeguard the integrity and strength of our business” – CEO Stefan Descheemaeker.
13 November 2023
13 November 2023
Pricing was a “necessary decision to safeguard the integrity and strength of our business” – CEO Stefan Descheemaeker.
The move is part of PepsiCo's Saudi Arabia Vision 2030 plan to “boost sustainable food production in the Kingdom”.
The dairy major’s presence in private label is helping offset branded pressure.
The US giant’s new fund has made its first acquisition.
Future Ocean Foods’ aim is to “promote food security, human health, environmental sustainability and ocean conservation".
The meat cooperative declined to share specifics with Just Food behind Bredholt’s departure.
In its 2022 annual report, the France-based group said it owned 13 plants in Poland.
SunOpta CEO Joe Ennen expects more promotions in tracked retail stores in 2024.
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Per GlobalData, the global vegan cheese market will be valued at $1.4 billion in 2023 and is expected to grow at a CAGR of 16.7% by 2030, primarily driven by the rise in the vegan and vegetarian population. However, its production often involves more complex processes and expensive ingredients like nuts or plant-based proteins, leading to higher production costs, which are then passed on to consumers, making vegan cheese more expensive per unit compared to dairy cheese, which could thereby impede its widespread adoption.
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