Lidl Austria equalizes prices for over 30 vegan items from its own Vemondo brand.

Alessandro Wolf, CEO Lidl Austria © Lidl Austria

Retail & E-Commerce

High-Growth Financial Year for Lidl Austria Since Expansion & Price Drop of Vegan Range

Lidl Austria has increased its market share in Austria by 0.6% to 5.9% since December 2022 and generated added value of over EUR 1.1 billion for domestic food companies in the 2023 financial year. The increase in the area of plant-based products is particularly emphasised, with a 24% increase in the number of plant-based substitute products sold and a 13% increase in sales in the vegan range. The vegan range currently comprises over 450 items. Lidl has also announced that it will continue to expand its range until 2025, focusing on regional ingredients and a low level of processing in order to offer healthy and environmentally friendly alternatives. “We are satisfied with the development in our anniversary year. Since December 2022, we have increased our …

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Lidl Austria equalizes prices for over 30 vegan items from its own Vemondo brand.

Alessandro Wolf, CEO Lidl Austria © Lidl Austria

Retail & E-Commerce

Lidl Austria Joins Price-Parity Movement, Slashes Prices for Over 30 Vemondo Products

Starting today, Lidl Austria is undercutting prices by up to 52% for over 30 Vemondo products (its private-label brand), including alternatives to milk, minced meat, sausages, and other plant-based products. This radical price reduction aims to match the prices of vegan products with similar animal-based items to ensure what the retailer calls “equality on the plate.”  With this initiative, Lidl Austria joins the price-parity trend that started with Lidl Germany, followed by Kaufland, Aldi Süd, Penny, BILLA, Jumbo, Lidl Hungary, Lidl Denmark, and Salling Group to make plant-based alternatives more attractive and affordable for vegans, vegetarians, and flexitarians.  “We have abolished the price barrier for vegan products. The animal-based comparison items are not expensive branded products, but our affordable own brands. This means we are foregoing margins and investing a …

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