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Newest Plant-Based Burger, unMEAT, Ready to Give Established Brands a Run for the Money
March 2, 2021 GMT
MANILA, Philippines (BUSINESS WIRE) Mar 2, 2021
UnMEAT, the newest 100% plant-based burger, today proclaims the next meat-flavored burger may be more unbelievable than the category’s predecessors. unMEAT launches from Century Pacific Food, Inc., an established global food brand based in the Philippines with a history of successful global products. Unlike its counterparts, this product has two distinct differences unMEAT believes plant-based burgers should not cost 30-40% more than traditional meat burgers, and consumers should be familiar with the ingredients on the label.
Published January 9, 2021, 5:00 AM
Filipino-owned Century Pacific Food Inc., the Philippines largest canned food manufacturer and leading producer in ASEAN, is looking at P50 billion in revenues this year with conservative growth target of 10 percent, lower than the expected phenomenal 20 percent growth in 2020.
Company COO and EVP Gregory Banzon revealed this during a media roundtable that they project a conservative growth of 10 percent this year from a dramatic 20 percent this year as the company anticipates some headwinds this year due to the challenges from the COVID-19 pandemic that continue to haunt businesses. On a typical year, he said, they would normally set a 12-15 percent growth guidance.