01 December 2023
01 December 2023
With food companies struggling to live up to their net-zero promises, it's apt the industry is more central to the agenda at COP28 than in previous years.
The South African food and drinks group reported price-induced sales growth today but slipped to a bottom-line loss.
The watchdog said it did not believe the sale would have a negative impact on dairy market competition.
Major US retailers have told Strauss want to increase the number of suppliers they use for hummus.
COP28 President Sultan Al Jaber hails the agreement as “historic”, as it is the first time a decision has been adopted on day one of any COP.
Once trading as Southeastern Mills, the business makes branded cooking sauces and mixes.
On the opening day of COP28, the World Meteorological Organization announced that 2023 is “almost certainly” going to be the hottest year on record.
Fazer pointed to a “slowdown” in category growth and an increase in production capacity in Europe.
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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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