Plant-based business grows

08 November, 2018 by
FMCG Business

French food group Danone has announced plans to triple the size of its plant-based business as it continues to expand products for healthy eating trends.

“The goal is to triple our plant-based business to €5 billion by 2025 from €1.7 billion in 2018,” said Francisco Camacho, Executive Vice President for Danone’s ‘Essential Dairy and Plant Based’ unit at an investors’ briefing.

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Danone also bought U.S. organic food producer WhiteWave in a $12.5 billion deal last year, to boost growth and bring the company more into line with current trends for healthier eating.

Meanwhile, British supermarket chain Waitrose has found that sales of vegan and vegetarian based products increased by a whopping 85% year-on-year and has announced it will launch its own private brand of vegan and vegetarian foods.