Quorn Ceo Expects Volumes To “stabilise” In 2026

A scope of Quorn-branded unit products connected waste successful Morrisons, Sidcup, 23 June 2024. Credit: Just Food

Quorn Foods main executive David Flochel expects nan UK meat-free business’ income volumes to “stabilise” adjacent year.

The latest accounts of Monde Nissin show nan Philippines parent’s Meat Alternative division, which houses Quorn, reported a 1.2% diminution successful gross for nan first 9 months of 2025 but a 2.5% summation successful nan 3rd quarter.

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On a constant-currency basis, nan division’s gross fell by 3.9% for nan first 9 months and by 1.1% successful nan 3rd quarter.

Speaking to analysts, Flochel said that nan meat-alternative marketplace remains “challenging and still negative” but added Quorn was “winning shares” and seeing “positive momentum” from its snacking products.

He said: “I would expect that, successful nan people of 2026, we should beryllium capable to stabilise nan volume”.

Monde Nissin has seen income and profits astatine Quorn, which it acquired successful 2015, travel nether unit successful caller quarters, deed successful portion by slowing request for meat-free products successful nan UK.

Flochel said Quorn had seen “significant growth” from its snacking business during nan 3rd quarter, pinch distribution helped by “extended support life and broader battalion range”.

He added Quorn had besides utilized “targeted promotions”, improved merchandising successful store, driving readiness and finance successful advertising.

“This has led to a 23% year-on-year maturation successful chill snacking successful Q3, which has taken nan full Quorn chilled business to 3% growth,” Flochel said.

Sales of Quorn’s stiff products were level during nan 3rd 4th and nan institution is investing successful trading to support sales.

“Our Quorn stiff constituent SKUs are our cardinal measurement SKUs, and truthful are captious to yet apprehension nan measurement decline,” Monde Nissin CEO Henry Soesanto said.

The Meat Alternative division’s gross profit for nan first 9 months grew 15.2% to 2.5bn pesos ($424m), while third-quarter gross profit accrued by 29.3%. Its halfway EBITDA for nan 3rd 4th reached 255m pesos, compared to 7m pesos a twelvemonth earlier, supported by improved gross profit and little operating costs.

Core EBITDA was successful nan achromatic complete nan 9 months astatine 420m pesos versus a nonaccomplishment of 137m pesos successful nan first 9 months of 2024.

Flochel added: “When it comes to separator improvements, I deliberation it’s very important to mention present that they are driven by sustainable translator benefits and locked successful commodity prices arsenic well.

“We expect gross separator betterment to proceed done to 2026. However, we’re besides apt to spot 4th connected 4th change driven by seasonal operation aliases promotional pattern. Long communicative short, I would opportunity we are assured successful nan trajectory of nan business but we should not expect a complete, smooth, linear 4th connected 4th progression.”