Rising foodservice demand, expanding ready-meal production and growing demand for shelf-stable protein are expected to support the global canned tuna ingredients market over the next decade.
Despite continued pressure on sales, Beyond Meat has achieved its strongest gross margin in five years, reflecting improved manufacturing efficiency and lower logistics costs.
The investment highlights growing efforts to decentralise meat processing and give livestock producers greater access to value-added markets.
A new US$111m Swedish processing facility will produce pea protein using locally grown crops, as Lantmännen and Ingredion target food manufacturers seeking high-quality, traceable and sustainably produced plant-based ingredients.
The brewer lowered its sales, earnings and cash flow forecasts following declining third-quarter volumes and increased production costs.