17 January 2024
17 January 2024
The Red Sea is a big deal in trade terms - it is said to handle 12% of all global trade.
Reno, Nevada-headquartered Nature’s Bakery was acquired by Mars in 2020.
The Roberto wraps brand owner will have a 51% share in the group.
December food and soft drinks price increases ease to 8% but are still more than 20% higher than two years ago.
The seafood giant has been a shareholder in the US restaurant chain for almost eight years.
The acquisition comes two years after Regal Foods snapped up desserts manufacturer Just Desserts Yorkshire.
Nutpods produces dairy-free, plant-based creamers, selling into retailers including Kroger and Walmart.
The Bay Tree produces over 150 preserves, relishes, sauces and jams at its factory in Ivybridge, Devon.
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The global vegan cheese market 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 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.
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