Cargill CEO says plant-based will 'cannibalize' protein business
Story Date: 6/14/2021

 

Source: SUCCESSFUL FARMING, 6/11/21


Cargill CEO Dave MacLennan has said that his company is preparing for a big shake-up in its business over the next few years, as consumer demand for the new generation of plant-based protein products eats into market share for meat from slaughtered animals. “Our analysis is that in […] three to four years, plant-based will be perhaps 10% of the market,” he said at a conference held by the US National Grain & Feed Association. “We’re a large beef producer and that is a big part of our portfolio.

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