UK markets close in 2 minutes
  • FTSE 100

    7,341.15
    +108.87 (+1.51%)
     
  • FTSE 250

    23,254.89
    +373.56 (+1.63%)
     
  • AIM

    1,198.73
    +18.70 (+1.58%)
     
  • GBP/EUR

    1.1758
    +0.0008 (+0.07%)
     
  • GBP/USD

    1.3226
    -0.0035 (-0.26%)
     
  • BTC-GBP

    39,080.11
    +1,970.08 (+5.31%)
     
  • CMC Crypto 200

    1,330.53
    +9.25 (+0.70%)
     
  • S&P 500

    4,687.51
    +95.84 (+2.09%)
     
  • DOW

    35,758.27
    +531.24 (+1.51%)
     
  • CRUDE OIL

    72.63
    +3.14 (+4.52%)
     
  • GOLD FUTURES

    1,783.90
    +4.40 (+0.25%)
     
  • NIKKEI 225

    28,455.60
    +528.23 (+1.89%)
     
  • HANG SENG

    23,983.66
    +634.28 (+2.72%)
     
  • DAX

    15,811.87
    +431.08 (+2.80%)
     
  • CAC 40

    7,063.17
    +197.39 (+2.87%)
     

Danone to switch dairy factory to plant-based Alpro as diets shift

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: Danone products displayed before the French food group's 2019 annual results presentation in Paris
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

PARIS (Reuters) - France's Danone, the world's largest yoghurt maker, plans to switch one of its big French factories to plant-based drinks next year in a bet on fast-growing non-dairy milk alternatives.

Danone said in a statement on Wednesday it will invest 43 million euros ($49 million) in 2022 to convert its Villecomtal-sur-Arros dairy plant in southern France into a production site of mainly oat-based drinks for its Alpro brand.

This follows a 16.5 million euro investment this year in its Alpro plant in Issenheim, eastern France.

Danone, owner of the Evian water and Activia yoghurt brands, said the French market for plant-based foods has tripled in seven years and should grow another 50% by 2025.

"We observe consumers' interest in plant-based recipes, which are a simple solution for those who want a more varied and diversified diet," Danone France's François Eyraud said.

The factory will be converted in the autumn of 2022 and make its first Alpro-branded drinks from the second quarter of 2023.

Danone acquired Alpro in 2017 via its $12.5 billion acquisition of U.S. organic food producer WhiteWave as it tried to capitalise on healthier eating trends https://www.reuters.com/article/us-danone-outlook-ceo-idUSKBN19D1GA.

In February, Danone agreed to buy U.S. plant-based foods specialist Earth Island https://www.reuters.com/article/us-danone-m-a-idUSKBN2AJ0H3, in a deal that would help it reach a target of generating 5 billion euros ($6.1 billion) of plant-based sales worldwide by 2025.

($1 = 0.8839 euros)

(Reporting by Geert De Clercq; Editing by Alexander Smith)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting