Danone plans to triple its plant-based business sales by 2025

By Laura Mullan
Danone has revealed that itplans to triple the size of its plant-based business by 2025, as it aligns its portfolio to meet the demands of the healthy e...

Danone has revealed that it plans to triple the size of its plant-based business by 2025, as it aligns its portfolio to meet the demands of the healthy eating trend.

The firm said that, by 2025, it expects its plant-based sales to rise from EU€1.7bn (US$1.95bn) to around EU€5bn (US$5.73bn). 

The world’s biggest yoghurt maker told an Investor Seminar that it would continue to invest in fast-growing trends such as plant-based foods, organics, and water to achieve its 2020 strategic goals.

As part of its cost-saving programme, the Paris-based firm says that it aims to achieve EU€1bn in savings by 2020.

SEE ALSO:

Danone also said that after a year of exceptional growth in China, “sales are contracting in the short term” due to changes in the infant milk formula market.

Danone Chairman and CEO, Emmanuel Faber, said that the company was making “good progress” towards building a company that can “embrace the food revolution.”

He said: “We are developing our unique portfolio of health-focused and purpose-led Manifesto brands, acting as a catalyst for consumer reach.

“Our growth strategy focuses on valorized innovations to address some of the fastest-growing trends, notably among the younger generations.

“We continue to make our organizational model more efficient by empowering our people and fostering engagement.”

Last month, Danone joined the Plant-Based Foods of Canada (PBFA), a lobbying organisation that hopes to advance the interest of the plant-based foods sector in the country. 

Share

Featured Articles

Careers Passport: flagship programme to help jobseekers

A fast-track job scheme designed to remove barriers to enter the food and drink industry has seen over 1,000 training opportunities created.

Coca-Cola, Diginex & Reckitt tech to support supply chains

Respect for human rights is critical to good business, says Coca-Cola’s Paul Lalli, as the company joins diginexLUMEN to catch supply chain forced labour

Luxury food manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, on Easter 2022, Sorrento lemons, sustainable packaging, natural ingredients & the pleasure of food

How has the pandemic affected sales at General Mills?

Food

Morrisons partners with Nestle in sustainability scheme

Retail

PepsiCo Launches pep+ a Strategic End-to-End Transformation

Drink