The campaign to expose the harmful, violent, and destructive reality of the animal agriculture industry.

Food giants appointing teams to focus on plant-based products

0

Amidst public concern over the link between meat production and the ongoing Covid-19 crisIs, retailers and manufacturers are facing a surge in demand for plant-based products.

FMCG NEWS GLOBAL: Forty percent of “leading” food firms, including Kroger, Tesco, Nestle and Unilever, now have dedicated teams focused on plant-based products, according to new research from collaborative investor network the FAIRR Initiative… FAIRR’s research found that two in five global food giants with combined annual revenues of $459bn now have dedicated teams to develop and sell plant-based alternatives to meat and dairy, with Tesco and Unilever ranked top…

The figures were published following a four-year investor engagement programme between the FAIRR Initiative and 25 large food retailers and manufacturers. FAIRR’s Sustainable Proteins Engagement network includes a coalition of 88 investors, which work with 15 retailers and 10 food manufacturers including Nestlé, M&S, Sainsbury’s, Carrefour, Costco, Amazon and Walmart. The network aims to encourage major food firms to diversify their protein sources to drive growth following the surge in demand for plant-based products…

Amidst public concern over the link between meat production and the ongoing Covid-19 and African Swine Fever crises, retailers and manufacturers are facing a surge in demand for plant-based products, said FAIRR… Jeremy Coller, founder of FAIRR and chief investment officer at Coller Capital, said that big food brands are vying for their slice of the plant-based pie… “The post-Covid landscape has made 2020 a watershed year for the sustainable protein market: the sector has attracted double the investment of last year in just six months,” Coller said. SOURCE…

RELATED VIDEO:

Leave A Reply

Your email address will not be published.

ENTER CAPTCHA CODE