Monde Nissin to benefit from rising consumption of essentials, convenience food during the pandemic

by asiafoodbeverages
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Monde Nissin is set to gain from rising household consumption of essentials and convenience foods in the Philippines.

Analysts expect earnings at the company, which makes instant noodles, biscuits and alternative meat products to grow 28% in 2022 and 10% in 2023, thanks to volume-driven growth in its Asia Pacific Branded Food & Beverage Business and the continued reopening of the economy.

In addition, Monde Nissin’s participation in the roughly US$5 billion global meat alternative market could provide further upside to its earnings.

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