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Unilever: new ambitions for plant-based meat alternatives

( - Consumer-goods giant Unilever today announced a new annual global sales target of one billion euros from plant-based meat and dairy alternatives in the next five to seven years.

The Anglo-Dutch company said that growth will be driven by the roll-out of "The Vegetarian Butcher" - a brand of meat substitutes it acquired two years ago - as well as increasing vegan alternatives from brands such as Hellmann's mayonnaise and Magnum ice creams.

Unilever, which also makes Lipton tea, Ben & Jerry's ice creams and Knorr soups, has also committed to ensure 100% of its plastic packaging is reusable, recyclable, or compostable by 2025.

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