07 October 2024
07 October 2024
The French firm, which markets plant-based alternatives to pork products, has now raised €50m ($54.8m).
Hammoudeh Food Industries is the food and beverage manufacturing arm of the Hammoudeh conglomerate.
The newly formed company will now have three production sites based in Villers-le-Bouillet, Leuze and a recently acquired site in northern France.
The deal comes soon after it announced it was backing French dairy group Beillevaire.
GLP-1 drugs are being recommended on social media, raising questions about who can see the content and what the effects might be.
A clutch of trade associations had contested a move by France to ban terms like burger and sausage for alternative proteins.
A short-lived US port strike could have price implications for foodstuffs.
Master contracts have been extended until 15 January to “negotiate all other outstanding issues”.
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GlobalData's latest report brings together multiple data sources to provide a comprehensive overview of the meat substitutes sector across regions and countries. It provides insights into trends in the usage of packaging materials, distribution channel data, and companies’ market shares. Per our estimates, the meat substitutes market was valued at $8 billion in 2023 and will achieve a CAGR of >7% during 2023-2028. Rising concerns about obesity, climate change, and animal cruelty will fuel the sector’s growth during the forecast period.
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