JBS interested to buy Vivera
The purchase would help JBS, the world’s biggest meat supplier, tap into booming consumer demand for animal-product substitutes. Expanding in this area can also allow traditional food companies to address their sustainability footprint amid increasing pressure from environmentally-conscious investors.
Industry revenue from plant-based meat, eggs and dairy alternatives are set to reach $290 billion by 2035, or 11% of the animal protein market, according to Boston Consulting Group.
2020 has signaled a drop in revenue for many meat processing and packaging producers in Germany. ...