15 November 2023
15 November 2023
Inflation for food and soft drinks retreated to a 16-month low but remains above 10%.
Processed foods such as bread and cereal are said to reduce the risk of multiple long-term conditions due to their fibre content.
The cereal and snacks giant is said to have breached a “legally effective supply contract”.
Food and non-alcoholic beverages prices rose 3.3%, a tad above the headline inflation rate of 3.2%.
Prior to joining Flagship, Butler worked for Kraft Heinz for 17 years up to this year. He was most recently president of Kraft Heinz’s business in Canada.
E20 said it will be “leveraging our global expertise and resources to support Lucky Fish”.
Danone will produce and commercialise Else Nutrition’s products in Europe.
Supply constraints for beef cattle are expected to continue into fiscal 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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