Brazil’s Fazenda Futuro, translated and branded as Future Farm in Western territories, reports its market performance in UAE with figures provided by Carrefour supermarkets, which operate the largest retail network in the region. Despite being the most recent newcomer in the UAE, Fazenda Futuro has outperformed its peers by far.
Carrefour Exceeds Target for Sales of Plant-Based Alternatives With €514M Turnover
French multinational supermarket chain Carrefour — one of the world’s largest retailers — has reported that it made €514 million in sales of plant-based alternatives last year, exceeding its target of €500 million by 2026. The plant-based alternatives category includes meat and dairy substitutes, as well as legumes. The latter were recently added to the scope following requests from stakeholders, and accounted for €142 million in sales in 2023. Carrefour has now increased its plant-based sales target to $650 million by 2026. The supermarket chain has also reported that 306 suppliers were part of its Food Transition Pact last year, up from 204 in 2022. The pact helps suppliers to become more sustainable through measures such as boosting biodiversity, offering healthier choices, and removing unnecessary …