US retail sales of plant-based milk surged 21.9% to $2.542bn in measured channels in the year to Jan. 24, 2021, while sales of plant-based cheese and yogurt (far smaller categories) were up 43.6% to $233.9m and 16.4% to $346.2m respectively in the year...
Indoor vertical farming company, AeroFarms, has entered an agreement to merge with Spring Valley Acquisition Corp to become a publicly traded company on the NASDAQ in a transaction that's expected to close in the second quarter.
Yet another new player has emerged in the burgeoning alternative protein space, this time touting a novel Non GMO complete protein sourced from a single-celled marine microorganism, which it claims can give animal and plant proteins a run for their money.
On track to becoming one of the largest plant-based food companies in the world, LIVEKINDLY Collective has closed additional funding to scale its company into targeted key regions including the US and China.
New Jersey-based Innovation Foods is building a $45m, 71,000-square-foot facility dedicated to producing aseptic and extended shelf-life (ESL) beverages for Oatly, which is projected to open in mid-2022.
Plant-based energy bar brand Quantum Energy Squares has closed $2.5m in funding to ramp up brand awareness, and has brought on Major League Soccer (MLS) All-Star, US Soccer Male Athlete of the Year, and MLS Cup MVP, Jozy Altidore as an investor.
A new player is on the verge of entering the astaxanthin and other markets with the granting of a patent on a ‘dark fermentation’ process for cultivating Haematococcus pluvialis and other algae species.
Marking its largest single fundraise to date, Eat Just Inc. has closed $200m in new funding led by a group of global investors to drive growth and capacity of JUST Egg and GOOD Meat Cultured Chicken.
Two years after acquiring it as part of its $465m deal to buy CytoSport, PepsiCo has embarked on a refresh of plant-based protein brand EVOLVE with new packaging and formulations to help it stand out in a category “experiencing broader acceptance.”
“By 2035, every tenth portion of meat, eggs, and dairy eaten around the globe is very likely to be alternative,” says a new report from Boston Consulting Group and Blue Horizon Corporation predicting alternative proteins could account for 11% ($290bn)...
Intelligentsia, a pioneer in the third wave coffee movement, has entered the ready-to-drink (RTD) coffee category with a line of flash-chilled coffee blended with Oatly oat milk, which will soon expand distribution from its specialty coffeebars to retail...
Plant-based tuna featuring protein-packed red algae from Triton Algae Innovations could hit the market by the end of the year, says the San Diego-based firm, which says the ingredient could add an exciting new dimension to the small – but fast-growing...
Richmond, Virginia-based Babylon Micro-Farms, Inc., closed a $3m seed round to fund the company's national expansion of its indoor micro-farming technology.
From keto-friendly ice cream, cereals, and snacks, to plant-based dairy and functional beverages, check out what's new on shelf in our spring gallery of new launches.
