The importance of corporate social responsibility for FMCG in 2020 and beyond
Focus:
Gotham Greens, a US-based urban agriculture company, has recently raised $87m in financing, following a Series D round led by private equity firm Manna Tree.
DuPont has announced the launch of a new line of ingredients under the name ‘Virslik’, a processing aid that delivers a ‘desirable texture’ and ‘clean taste’.
Carbery Group developed a new mozzarella production facility at its headquarters in Ballineen, Ireland. Built to enhance the company’s capabilities, the new plant is a part of the expansion of its headquarters.
According to GlobalData, the future of chocolate looks bright, with a value CAGR 2019-23 of +3.7%.
The meat substitutes sector has shown strong resilience against the COVID-19 slowdown, that has impacted so many other FMCG sectors.
In this edition, we take a look at what a post-pandemic landscape for the food industry might look like.
The vegan diet has continued to grow in popularity over the course of 2020, stimulated by ongoing health and wellness trends, as well as the emergence of sustainability within supply chains that are becoming an ever more present concern on consumers’ radars.
Unilever aims to boost annual sales of plant-based products to EUR1bn ($1.2bn) by 2027. The firm has declared the target, which represents a fivefold increase on current numbers as ‘scary’ but vows to lead the industry to a more sustainable path.
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