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Capitalism

November 18, 2020 - Food Business News

Unilever accelerating meat, dairy-alternative innovation

Unilever accelerating meat, dairy-alternative innovation
Unilever Brand, The Vegetarian ButcherCredit: Unilever

LONDON — Unilever PLC has started making New Year’s resolutions a little early. The global food and beverage manufacturer said Nov. 18 it has set a goal of achieving $1 billion in the sales of plant-based dairy and meat alternatives in the next five to seven years. Brands that will play a role in the initiative include Hellmann’s, Magnum, Wall’s and The Vegetarian Butcher.

Citing a 2019 EAT-Lancet report, the company said a diet rich in plant-based foods with less animal-sourced foods offers both health and environmental benefits.

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