Daily Newsletter

07 December 2023

Daily Newsletter

07 December 2023

France crisps maker Altho Brets to invest in new factory

Altho Brets said the investment will increase the company’s production capacity by 15,000 tons, which will allow the business to meet growing demand on France’s potato crisps market.

Eszter Racz December 06 2023

France-based potato crisp maker Altho Brets has confirmed its ambition to open a new production site by the end of 2025.

The company will invest “nearly €100m ($107.7m)” in the building of the plant, which will be located near its existing factory in Pontivy Communauté in Brittany.

Altho Brets, which also manufacturers for retailers’ own labels, said the investment will increase the company’s production capacity by 15,000 tons and meet growing demand for crisps in France.

The business said France’s crisps category had seen sales grow by more than 4% in 2022, without citing the source of the data. Forty per cent of crisps bought in the country are imported, it added.

Construction will start in the second half of 2024, with production expected to begin by the end of the following year.

Laurent Cavard, the CEO of Altho Brets, said the investment will create “more than 40 jobs”.

The group, meanwhile, plans to “modernise” its existing site, where 336 employees work, to improve productivity.

The company, which manufactures for retailers including Auchan, Aldi, and Intermarché, has a third site in France in Ardèche.

It also has a plant in Portugal and is “developing [its] business on the international level”, both with the Bret’s brand and with private-label products.

In 2022, family-owned Altho Brets generated a turnover of €206m.

Food industry in Eastern Europe is highly fragmented

Per GlobalData, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary have been identified as high-potential countries, primarily due to the large size of their food industries, their high

Complex processes and high production costs could limit market growth for vegan cheese

The global vegan cheese market is expected to grow at a CAGR of 16.7% by 2030, primarily driven by the rise in the vegan and vegetarian population. However, its production often involves complex processes and expensive ingredients like nuts or plant-based proteins, leading to higher production costs, which are then passed on to consumers, making vegan cheese more expensive per unit compared to dairy cheese.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close