Danone is investing ฿1.65 billion to transition its Villecomtal-sur-Arros facility by autumn 2022 in anticipation of continued growth in the demand for dairy-free products.
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.
In February, Danone agreed to buy U.S. plant-based foods specialist Earth Island, in a deal that would help it reach a target of generating 5 billion euros (฿205 billion) of plant-based sales worldwide by 2025.
