Nestlé is entering the vegetarian market
The owners of Kit Kat, Maggi and Nescafé recently announced that they are purchasing the Sweet Earth company in California, which produces vegetable-based burgers and burritos – Origo wrote.
The Swiss multinational company said that buying was an immediate entry into the plant-based food sector, which by 2020 plans to increase it to a 5 billion USD market in the United States.
In the United States, we are experiencing consumer change towards plant proteins – Paul Grimwood, CEO of Nestle USA told. (origo)
Related news
Nestlé remains the world’s most valuable food brand, according to Brand Finance
Nestlé has been the world’s most valuable food brand for…
Read more >Tender decisions are ongoing in the current agricultural support cycle
Tender decisions are ongoing in the current agricultural support cycle…
Read more >Court lifts protection of Nespresso capsules in Benelux
The design of Nespresso‘s coffee capsules is no longer protected…
Read more >Related news
Management change and fee adjustment at Mohu after 50 billion losses
Mohu Mol Hulladékgazdálós Zrt. closed last year with a loss…
Read more >Waberer’s and MVM have agreed on a long-term cooperation
Waberer’s Logistics Segment and the MVM Group have agreed on…
Read more >Temu and Shein in the crosshairs: Chinese marketplaces could be blacklisted
Chinese online marketplaces – including Temu, Shein, and AliExpress –…
Read more >