Meat and dairy are past their peak: vegetable alternatives will reach a turnover of 7.5 billion euro on the European market in 2025, ING calculated. Yet meat substitutes will not outperform the meat market yet.
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Danone is most famous for its dairy products, but is looking towards the future with a keen eye on plant-based products: "The future is flexitarian!"
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French dairy giant Danone has launched a 'Plant-Based Acceleration Unit', which should push its plant-based turnover from two to five billion euros by 2025.
Danone fares well under the current confinement: in March, sales increased by 5 to 10 % thanks to consumer stockpiling. In its first quarter, the group recorded a 3.7 % sales increase on a comparable basis. Belgian subsidiary Alpro is even struggling to meet demand.
Dairy producer Danone saw its turnover grow only slightly in the first half of 2018, but its net profit went up by almost a quarter. While European sales slowed down, China's appetite for western baby milk powder made more than up for that.
Despite turnover at dairy manufacturer FrieslandCampina growing 10 % in the first half of 2017, its profit only grew 1.3 % compared to the year before. Price hikes lifted turnover, but problems in China lowerd profits.
There are rumours that Kraft Heinz will target Danone after it failed to acquire Unilever. However, analysts feel the water between both companies may still be too deep.
Dairy manufacturer Danone is to optimize its European organization: Belgium, the Netherlands, the United Kingdom and Ireland are to form one cluster. Kris Geeraert, general manager Benelux, will leave the company.
Belgian dairy manufacturer Inex, known for its milk cartons at school, is targeting Asian growth. It signed a deal to ship 800 million tons of cream during its South Korean trade mission.
Dairy manufacturer Danone has witnessed its weakest quarter in the past decade. Lower baby food sales, normally one of the fastest growing branches, had a huge impact on the company's results.
French dairy and water giant Danone has acquired American WhiteWave Foods, which also owns Belgian soy specialist Alpro, for more than 11 billion euro, debts included.