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Orkla solidifies plant-based ambitions with new alt-protein enterprise | Meals Business Information

Orkla’s Naturli’ model

Orkla has solidified its ambitions in plant-based meals by organising an alternative-protein enterprise, whereas the Norway-based agency additionally signalled its readiness to make acquisitions within the class.

The Oslo-headquartered firm – house to vegetarian manufacturers Naturli’ and Annama – stated at the moment (30 April) it needs to be one of many foremost gamers in different proteins in Europe, constructing on a forecast it made in September to double revenues from plant-based meals inside two years.

Orkla has appointed Elin Tveito Lidman as CEO of the brand new unit, Orkla Different Proteins (OAP). She beforehand held the place of vp for technique at Orkla, earlier than which she was the advertising director at Orkla Residence & Private Care.

Group president and CEO Jaan Ivar Semlitsch stated: “We’re simply at first of an enormous shift in direction of alternative-protein sources. For Orkla, different proteins are an vital precedence space that provides main development alternatives. Our aim is to succeed in out to everybody with plant-based meals, and to make sure that individuals can select these merchandise with out having to compromise on style or consistency.”

Orkla’s plant-based manufacturers, which additionally embody Felix Veggie, Beauvais Veggie and Lecora Inexperienced Line, had a complete turnover of NOK869m (US$105.5m) in 2020, a rise of 21% over 2019.  

By 2025, Orkla is aiming to have a turnover of NOK3bn in plant-based meals.  

Orkla stated the brand new OAP enterprise unit will work with its current plant-based manufacturers to develop a normal technique for different proteins and “contribute to accelerating the tempo of development exterior Orkla’s current house markets”. It added that the corporate “will make larger-scale [plant-based] acquisitions if and when the proper alternatives come up”.

Tveito Lidman stated: “I’m trying ahead to getting began on recruiting key personnel for the OAP organisation, and to working intently with everybody already engaged in increase Orkla’s plant-based enterprise.”

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