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Leading Food Firms Create Dedicated Teams for Plant-Based Products
A four-year investor engagement with 25 giant food retailers and manufacturers, led by the FAIRR investor network, has found that two in five global food giants with combined annual revenues of $459 billion now have dedicated teams to develop and sell plant-based alternatives to meat and dairy; with Tesco and Unilever ranked top.
New research shows that over $1.1 billion of venture investment has flowed into alternative proteins in the first half of 2020, more than double last year's total investment ($534 million). The alternative protein market is expected to grow to...
Australia: Unilever Relocating Weis Ice-Cream Production
Unilever has announced plans to move the production of its Weis Ice cream business from Queensland to New South Wales, local press reports.
In 2017 Unilever acquired Weis, an Australian ice cream and frozen dessert manufacturer. Its range features a variety of ice cream formats including single bar, multi-pack bars, dairy-free sorbet tubs and frozen yogurt tubs.
It is understood Unilever made the decision to close the factory after a review of its Australia and New Zealand ice cream business. The Toowoomba, Queensland facility is...
Meatless Farm Launches New Plant-Based Breakfast Product in Canada
Imports Set New Record as Retailers Replenish Inventories and Stock Up Early for Holidays
Instacart Raises $200 Million in New Funding as Grocery Delivery, Pickup Booms During Pandemic
Red Meat Muscle Cut Exports Strong in August; Variety Meats Trend Lower
More Than 60% of Americans Have Dined In a Restaurant in the Past Month, Despite COVID-19 Concerns
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