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ab foods reports significant profit increase and announces new buyback
Associated British Foods Plc reported a 43% increase in pretax profit, reaching £1.9 billion ($2.5 billion) for the year ending September 14. The growth was fueled by a strong recovery at Primark and improved conditions in its food division, aided by easing input costs and supply chain issues. The company anticipates continued momentum in the upcoming fiscal year.
growth prospects of fat substitutes in the european market through 2028
The global fat substitutes market is projected to grow at approximately 6% from 2022 to 2028, driven by increasing health consciousness and a shift towards low-fat diets. The carbohydrate-based segment leads the market, with plant sources dominating due to rising demand for plant-based foods. Europe is expected to hold a significant market share, fueled by consumer awareness of health issues and a preference for low-calorie options.
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