Faux-Meat Products Are Losing Their Sizzle for Canada's Maple Leaf Foods
- Canada’s top food processor sees slowing plant-protein sales
- Firm to review category as sales seen falling short of targets
Photographer: Della Rollins/Bloomberg
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Faux meat seems have lost its sizzle for Maple Leaf Foods Inc.
The company is reviewing its strategy of expanding into plant-based foods after seeing cooling demand for such products, Canada’s largest food processor said Thursday in its quarterly earnings statement.