Oatly has unveiled a cost-cutting plan after posting another disappointing set of results, with a $107.9m net loss on net revenues up 7% to $183m in the third quarter (+16.7% to $199.7m on a constant currency basis), with gross profit margins of just...
Plant-based foods and beverages co-manufacturer SunOpta continues to see strong growth across its plant-based milks portfolio especially in oatmilk, which is growing at more than twice the rate of the broader oatmilk segment.
Australia’s Ulu Hye has taken the dairy-free milk concept a step further with its world-first jars of concentrated Mylk Bases made from nuts and seeds, making for products with longer shelf life, lower prices per litre, and increased sustainability credentials.
Macadamia milk specialist firm milkadamia believes that its premium and sustainable product focus will be the key for it to achieve commercial success in the Asian market, claiming that cost is not a major issue for regional expansion.
It’s not sharing launch dates, but Impossible Foods is making progress on developing egg alternatives and a milk that “is better than anything that comes from a cow,” company execs told reporters during a call outlining plans to double the size of the...
Health foods brand Sanitarium is looking to South East Asia as a key target market for its new range of So Good Barista plant-based milks, designed to meet consumers’ home-based beverage needs amidst the uncertainty of COVID-19.
Turkey’s first plant-based specialist FOMILK has big plans to expand in the Middle East and beyond, driven by its non-dairy product range that it believes meets a whole host of health and wellness trends.