Monde Nissin is looking at a 1,000% growth in the alternative meat market in the next 10 years to drive the company's growth, assuring investors that its massive P48.6-billion initial public offering is all worth the hype.listed on the Philippine Stock Exchange following its IPO, which was four times oversubscribed, amid challenging conditions in the equities market brought about by the coronavirus pandemic.
"Ten years from now, based on several studies, this meat alternative protein business will be at least 10% of the total alternative sector. That's 1,000% in the next 10 years and that is explosive growth," Soesanto said. "There is a huge take-up in the United States [for alternative meat] and the potential here is huge as well. The time is right to bring Quorn back…. The market is very ready, the potential in Asia is enormous," said David Nicol, Monde Nissin chief strategy officer.
Soesanto said they are addressing this, with one strategy lowering oil content in their noodles by 70% without altering the taste.
IPO was successful, but it wasn’t explosive. MONDE sold its offering, but the market price has dropped and most people have just sold into the stab fund.
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