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Tesco is plotting a major increase in plant-based meat products in its stores over the coming years in order to capitalise on the growing trend towards vegan, vegetarian and flexitarian diets, as it today became the first UK retailer to set a sales target for meatalternatives.
In an investor update yesterday, the company said it would test its new McPlant burger in key markets next year, as it looks to respond to growing customer demand for meatalternatives.
"Our current food system is a double edged sword - shaped by decades of the 'cheaper food' paradigm, aimed at producing more food, quickly and cheaply without taking into account the hidden costs to biodiversity and its life-supporting services - and to our own health," argues Susan Gardner, director of UNEP's ecosystems division.
BusinessGreen takes a look at what businesses in a range of industries - from fishing to financial services - can do to develop an effective SDG14 strategy and better support the health of the world's marine ecosystems. Shift perspective on the seas. As fish stocks have plummeted, so has the profitability of the commercial fishing industry.
Back in Europe, Unilever has built a $94m innovation centre in the Netherlands. In total, the research finds, seven of these 15 retailers now sell, or plan to sell, plant-based meatalternatives. Housing 500 employees, it focuses on plant-based innovations for brands like Hellman's and Knorr.
The plant-based meat and dairy market is expected to balloon over the years to come, as consumers increasingly seek to reduce the environmental impact of their diet while tapping the health benefits related to reducing meat consumption.
(If you include seafood in your definition of meat — jury out over here at AgFunder! T he CEO of major meatalternative producer Monde Nissin, Henry Soesanto , also invested alongside Chinese agri-foodtech VC Bits x Bites, Tyson Ventures, and Manta Ray Ventures, a UK-based venture capital firm.
We anticipate that many consumers will shift to animal-free food products if those products begin to meet or exceed their animal-based alternatives on key areas like cost, taste, functionality, convenience, and health. Particularly among millennials, Gen Z, and parents. Questions or comments, email us at funds@agfunder.com.
Whether driven by animal welfare, health, or environmental concerns - or a combination of all three - more and more people are either becoming vegan and vegetarian or reducing their meat consumption and eating greater proportions of plant-based food. There can be little doubt diets are steadily changing in the UK.
The Net Zero Teesside project is one of Europe's leading CCS-ventures and our long-standing expertise on carbon capture is well suited for this project," said Managing Director at TCM, Ernst Axelsen. The CO2 capture test being conducted by TCM this month is described as "an important step to enabling the project to achieve these goals". "We
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