FDBusiness.com

Quorn Foods Achieves 16% Global Growth in 2017

 Breaking News
  • Valeo Foods Acquires Tangerine Confectionery For £100 Million Valeo Foods Group, the acquisitive Irish and international food business, is reported to have purchased Tangerine Confectionery of the UK for £100 million (€112 million) from Blackstone Group. The deal adds popular UK confectionery brands such as Dip Dab, Fruit Salad and Blackjack to Valeo Foods Group’s growing portfolio, and will increase annual turnover to [...]...
  • Constellation Brands to Invest $4 Billion to Develop Canabis Market Constellation Brands, the North American and international alcoholic drinks group, is investing US$4 billion (C$5 billion) to increase its stake in Canopy Growth Corporation, a leading diversified cannabis company, to 38%. The significantly expanded strategic partnership will position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. As a result of [...]...
  • Brewing Up Authenticity, Vibrancy, and Sol With the hot summer months in full swing, beer lovers are reaching for their favorite cold brews to beat the heat. But as consumers venture down their grocer’s beer aisle, they are met with an onslaught of brands vying for attention in a sea of packaging. When MillerCoors recently relaunched the Mexican import brand Sol, they [...]...
  • Carlsberg Group Delivers Strong First Half Carlsberg Group has increased operating profit organically by 14.2% in the first half of 2018 with all three of its regions – Western Europe, Asia and Eastern Europe – delivering very solid performances. Organic net revenue growth was 5.1%. Reported operating profit rose by 6.0% to DKr4.373 billion (€586.5 million), impacted by negative currency factors [...]...
  • Levi Roots Caribbean Snack Pots Launched by Aimia Foods Aimia Foods is introducing to the market ‘Levi Roots Caribbean Snack Pots’, a range of On the Go Instant Snack Pots, that consumers simply add hot water to and stir for ease of preparation. Using natural, clean ingredients, the products have an authentic, home cooked taste and incorporate the Levi Roots Caribbean vibe, flavours and recipes. Michelle [...]...

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

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements