30 November 2023
30 November 2023
Stifel survey revealed that 15% of respondents used a GLP-1 drug.
CEO Jim Snee said: “It's important that we take those elasticities very seriously."
A new consortium intends to boost the uptake of plant-based products in the country.
US-based Continental Grain Company is part of the investor consortium.
The branded and private-label supplier is spending €60m ($65.4m) on the phased project.
Previously trading as MamaMancini’s, the service will start with the company’s legacy meatballs.
The industry standard recommendation to freeze foods at -18°C has not changed in 93 years, the report said.
UK grocery inflation continues to be at historically high levels, despite falling to 10.1% in October.
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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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