FDBusiness.com

Quorn Foods Achieves 16% Global Growth in 2017

 Breaking News
  • South Korean Food Group Agrees $1.84 Billion US Deal CJ CheilJedang of Seoul, South Korea, is continuing its international expansion after agreeing to acquire a majority stake in Schwan’s Company, a leading US food business, for about US$1.84 billion. The transaction will include 80% of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues. The Schwan [...]...
  • The World’s Biggest Meat Alternative Production Facility Opens The world’s biggest meat alternative production facility has been officially opened by Quorn Foods at its Belasis site in Billingham, in the North East of England. The factory expansion of 9,500 sq m will double production capacity of Quorn’s core products, adding approximately 20,000 tonnes per annum. It is part of a £150 million investment [...]...
  • HEINEKEN Ireland is First Drinks Company in Ireland to Achieve Business Working Responsibly Mark HEINEKEN Ireland is the first drinks company in Ireland to achieve the Business Working Responsibly mark from Business in the Community in recognition of its responsible and sustainable business practices. The Mark, developed by Business in the Community Ireland, and audited by the NSAI, is based on ISO 26000 and is the only independently audited [...]...
  • Starch Europe Announces Winners of 2017-2018 Safety Awards EU starch producers are proud to renew their firm commitment to continuously improve safety practices and to achieve a safer working environment, through their contribution to the 4th exercise of the Starch Europe Safety Programme. The Starch Europe Safety Programme, launched in 2014, recognises the best performing EU starch plants in terms of reducing workplace [...]...
  • UK Discounters Off to a Strong Start in Race For Christmas The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 4 November 2018, show shoppers have made an additional 14 million trips to Aldi and Lidl compared with last year. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, comments: “Five years ago, just under half of British households were [...]...

Quorn Foods Achieves 16% Global Growth in 2017

Quorn Foods Achieves 16% Global Growth in 2017
February 07
09:35 2018

Quorn Foods, which offers a range of products to appeal to the rapidly expanding group of people wanting to reduce their meat consumption, has announced unprecedented results for 2017, with sales totalling £205 million for the year. With its UK headquarters in Stokesley, North Yorkshire, Quorn Foods employs around 600 people and exports to 20 countries around the world, including Australia, South Africa and the USA. Quorn™ is one of the UK’s top 40 FMCG brands. Quorn Foods is the trading name of Marlow Foods. Quorn Foods encompasses all international operations of Quorn™ and Cauldron™.

Quorn Foods achieved its strongest ever year of growth in 2017, with an overall growth rate globally of 16%[1]. The sustainable and healthy protein company is aiming to become a billion dollar business by 2027.

The company’s billion-dollar ambition is grounded in the fact that many consumers are now choosing to eat less meat for a combination of reasons. Whilst health is the leading factor, demand is accelerating due to an increased awareness of the environmental impact of meat production. This is leading to a reduction in meat consumption, and in many cases, to a complete shift to vegan diets, underlined by the growing popularity of Veganuary which is now expected to have over 150,000 registered followers globally[2].

Kevin Brennan, chief executive of Quorn Foods.

“Around the world we are seeing a significant increase in meat-reduction diets, including both flexitarianism and veganism. The vegan trend is something that Quorn Foods is responding to with the launch of more and more vegan products such as Quorn™ Vegan Chicken-free Slices, Quorn™ Vegan Hot and Spicy Burger, and Quorn™ Vegan Fishless Fingers, which are winning around the world,” explains Kevin Brennan, chief executive of Quorn Foods.

He adds: “I am extremely proud of our growth and the quality of our foods that underpins that growth. At Quorn Foods we continue to take a long term view and we plan to invest heavily into the meat-free category and maintain double-digit growth rates.”

Investment in international expansion has paid off with strong growth in Europe (+27%) and beyond. In the US, the biggest export market for Quorn™, growth in the grocery sector accelerated to 35% in 2017. Quorn™ Chicken Style Nuggets are the fastest selling product within the meat-free category at US supermarket giant, Kroger. In addition, Australia continues to enjoy 35% growth, with Quorn™ Vegan products the fastest selling in the category. This ensures business resilience to the political and economic fallout of any Brexit deal.

[1] Quorn™ growth equals 15.1% for 2017, Cauldron™ growth 30.4% for 2017, Cauldron™ accounts for 8.5% of total sales for 2017 (up from 7.6% in 2016)

[2] http://www.veganfoodandliving.com/veganuary-2018-record-breaking-year-over-150000-people-taking-part/

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements