The facility is capable of $40M in production capacity with the buildout to commence immediately and production expected to start in the third quarter.
According to the report, the size was valued at $53.69 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The company says its study is the largest to date on the state of commercial sous vide, and that the data underscores quality and safety from innovative sous vide solutions as well as providing solutions to labor shortages.
Arla Foods Ingredients will acquire Volac’s whey nutrition division through a purchase of the shares in Volac Whey Nutrition Holdings Limited and its subsidiaries.