Surging demand for vegan and vegetarian foods has powered an uptick in sales of Quorn, the meat alternative made from mycoprotein. In results released yesterday, Quorn said sales jumped seven per cent...
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.