Nestlé has unveiled plant-based versions of shrimp and eggs as the world’s largest food company tops SFr1bn ($1.1bn) a year in sales of vegetarian and vegan products thanks to changing diets and environmental concerns.
The company’s “vrimp”, made from seaweed, peas and the roots of konjac, or elephant yam, and liquid egg alternative, called “vEGGie”, made with soy protein, are the latest products in a range that includes versions of chicken, tuna, burgers and milk.
Along with rivals such as Unilever, the group is racing to build a portfolio in plant-based proteins, betting that consumers will partly switch away from meat and dairy because of their different nutrient profiles and higher carbon dioxide emissions.
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SOURCE: Financial Times
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