Business news from Ukraine

Business news from Ukraine

VITMARK-UKRAINE LAUNCHES VEGETABLE MILK PRODUCTION IN ODESA REGION WORTH EUR 5 MLN

10 February , 2020  

Vitmark-Ukraine has begun production of vegetable milk under the brand Vega Milk at a factory in Odesa region.
According to the company’s press release, Vitmark-Ukraine built a plant in Odesa region for EUR 5 million with a full cycle of vegetable milk production. The plant is equipped with equipment from Sweden, it also has its own storage workshops, processing equipment, aseptic packaging bottling lines. The plant processes oats, buckwheat, and wheat.
“Our business specializes in juices, drinks and baby food. Having opened the alternative milk line, we launched an extremely promising start-up – the innovative FoodTech, which combines technology and science,” President of Vitmark-Ukraine Vitaliy Vinnytsky said.
The company noted that within a few weeks it will be possible to find up to 11 names of Vega Milk vegetable milk in stores in Ukraine: on the basis of cereals, nuts and with the addition of fruits.
Vitmark-Ukraine indicated that alternative milk from herbal ingredients has shown rapid growth in recent years as a category, especially in North America and Europe.
“Some $40 billion is the approximate amount the experts estimate the world market of vegetable milk by 2024,” the company said.

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