Sales of Quorn, the mycoprotein meat alternative, rose 70% to £220m ($278m) in 2018, despite growth being undermined by capacity constraints and a factory fire. The increase was attributed to increasing demand for vegan and vegetarian foods. Quorn’s partnership with Greggs, the UK’s largest bakery chain, on a vegan sausage roll saw sales expectations exceeded by 7%. Quorn also saw sales rise 38% in Australia and 24% in the US, with growth in the latter expected to double to 45% this year. Profit fell from £32m to £27m, due to a £5m investment in research and development.
Sales of Quorn, the mycoprotein meat alternative, rose 7% to £220m ($278m) in 2018, despite growth being undermined by capacity constraints and a factory fire. The increase was attributed to increasing demand for vegan and vegetarian foods. Quorn’s partnership with Greggs, the UK’s largest bakery chain, on a vegan sausage roll saw sales expectations exceeded by 70%. Quorn also saw sales rise 38% in Australia and 24% in the US, with growth in the latter expected to double to 45% this year. Profit fell from £32m to £27m, due to a £5m investment in research and development.