Quorn Sees Signs of Recovery in UK's Meat Alternative Market

Quorn Foods, the UK-based meat alternative brand, is showing signs of recovery in the country's faltering meat alternative market. According to the latest earnings report from its parent company, Monde Nissin, Quorn's revenue saw a 2.2% year-on-year increase in the first half of 2026.

This growth was driven by the success of Quorn's Protein Bites snacking product, which offers healthy protein and fibres. The product's launch in the UK has been particularly successful, with a double-digit hike in sales from the snacking segment.

The growth in Quorn's revenue is a welcome change from several years of decline. In 2024, its parent company, Marlow Foods, saw sales shrink by 9%, and last year, it registered a 1.2% drop in annual sales.

Quorn's Protein Bites have not only driven sales growth but have also raised brand awareness and purchase intent. According to Quorn CEO David Flochel, the product has enabled the brand to stretch beyond meat-free and into new consumer occasions.

## Protein Bites Drive Growth in Quorn's Revenue

The earnings results follow a years-long slump for Quorn. However, the success of Protein Bites has given the brand a much-needed boost. The product's popularity has been driven by its convenience and health benefits, which have resonated with consumers.

Quorn's Protein Bites have been launched in both the meat-free and food-to-go sections of UK retail, enabling the brand to reach a wider audience. The product's success has also helped Quorn to unlock further distribution for the second half of the year.

## Challenges Ahead for Quorn's Foodservice Business

While Quorn's revenue has seen a significant increase, its foodservice business continues to lag. The business accounts for 18% of Quorn's protein business but witnessed a 5% decline in Q2 sales.

Quorn CEO David Flochel has labelled the result "disappointing" and has identified several structural challenges that are affecting the business. These include significant cost pressure from operators and distributors, lower demand in the quick-service restaurant (QSR) market, and new regulations in schools and education in the UK.

In response, Quorn is implementing a "back to basics" strategy focused on execution. The firm is also launching a new blended meat product, UltiMeat B2B solution, which will enable it to expand the foodservice business beyond education and healthcare into business and industry.

| Revenue | 2025 Q2 | 2026 Q2 | Change | | --- | --- | --- | --- | | Quorn Foods | ₱7.38B ($120M) | ₱7.53B ($122M) | 2.2% | | Quorn Foods (Q2) | ₱3.68B ($60M) | ₱3.77B ($62M) | 2.7% |

| Revenue | 2025 Q2 | 2026 Q2 | Change | | --- | --- | --- | --- | | Quorn's protein business | ₱5.15B ($85M) | ₱5.26B ($87M) | 2.1% | | Quorn's snacking arm | ₱1.03B ($17M) | ₱1.07B ($18M) | 3.9% |

| Revenue | 2025 Q2 | 2026 Q2 | Change | | --- | --- | --- | --- | | Cauldron | ₱1.23B ($20M) | ₱1.18B ($19M) | -4% |

| Revenue | 2025 Q2 | 2026 Q2 | Change | | --- | --- | --- | --- | | Monde Nissin's protein business | ₱7.38B ($120M) | ₱7.53B ($122M) | 2.2% |

| Revenue | 2025 Q2 | 2026 Q2 | Change | | --- | --- | --- | --- | | Monde Nissin's snacking arm | ₱1.03B ($17M) | ₱1.07B ($18M) | 3.9% |

| Revenue | 2025 Q2 | 2026 Q2 | Change | | --- | --- | --- | --- | | Monde Nissin's core net income | ₱106M ($1.7M) | ₱215M ($2.5M) | 103% | | Monde Nissin's gross profit | ₱2.3B ($37.2M) | ₱2.6B ($42.4M) | 13.5% |