While even the analysts downgrading Beyond Meat’s stock in the wake of grim Q1 figures believe meat alternatives are “not a fad” (to quote Brian Holland at Cowen), the brand’s slowing sales and elevated costs have prompted some soul-searching about why...
Despite its grim near-term figures, Beyond Meat’s long-term prospects are good, insisted CEO Ethan Brown on the firm’s Q1 earnings call Wednesday as analysts queried how much longer the plant-based meat firm would have to speculate before it started to...
Brazilian plant-based meat firm Future Farm is steadily making inroads into the crowded plant-based meat category in the US, where CEO Alexandre Ruberti still sees runway for growth.
Motif FoodWorks has filed a motion to stay a patent infringement lawsuit brought by Impossible Foods over the use of heme ingredients in meat alternatives while the US Patent Trial and Appeal Board (PTAB) reviews the patent at the heart of the case.
While shoppers care about animal welfare and sustainability, these things are not, yet at least, primary purchase drivers for most Americans, despite what they tell you in surveys, says the co-founder of plant-based chicken startup Nowadays. “What’s the...
Beyond Meat is rolling out its Beyond Burger and Beyond Meatballs products at approximately 2,000 Rite Aid stores nationwide as the company aims to expand its presence across all retail channels including drugstores.
A district court in Louisiana has determined that a state law restricting the use of 'meaty' terms on food labels to products derived from slaughtered animals is unconstitutional, in a ruling hailed by Tofurky as "a victory for the entire...
The overall plant-based foods sector reported a significant slowdown (but still positive) growth for 2021 vs. 2020 with plant-based meat sales seeing flat growth while other categories grew by single-digits for the year, according to new data released...
Despite promising test results in small-scale trials last year, the pea-protein-fueled McPlant burger – developed with Beyond Meat – is not setting the world on fire in tests at a broader selection of McDonald’s locations, according to Peter Saleh, managing...
The first product to emerge from the El Segundo-based ‘PLANeT Partnership’ joint venture between Beyond Meat and PepsiCo is a plant-based jerky, rolling out to stores nationwide across multiple channels this month.
US retail sales of frozen meat alternatives dipped -1.7% to $722.8m in the year to February 27, while sales of refrigerated meat alternatives fell -3.9% to $475m over the same period, according to IRI data crunched by 210 Analytics. Cumulatively, the...
While growth in US retail sales of refrigerated plant-based meat has slowed, investors are still pouring large amounts of cash into startups creating alternatives to meat, eggs, and dairy products with plant-based and fermentation-based approaches, and...
Former Chobani president Peter McGuinness – who has spent the last several years running a dairy company, albeit one that has recently launched several plant-based products - is set to take the helm at Impossible Foods, a firm on a mission to “replace...
EPG – a plant-based oil restructured in such a way that virtually none of it is absorbed by the body – has demonstrated intriguing properties in plant-based meat applications, where formulators have struggled to find vegan options that behave like animal...
By now, we are all familiar with the recent topline 'problem' in retail plant-based meat. The slow-down is visible in Beyond Meat's latest earnings call itself. Foodservice and international sales are driving all of the brand's growth....
Two more high-profile players in the alt meat space are clashing over IP, with Impossible Foods accusing Motif FoodWorks of infringing a patent it secured in 2020 covering the use of its flagship ‘heme’ ingredient in meat substitutes.
Fat is mission-critical to the appearance, smell, taste, mouthfeel, and texture of meat. And if you want to formulate meat alternatives that look, cook, smell, and taste like the real thing, plant-based fats will only get you so far, claims San Francisco-based...
Kroger has teamed up with Impossible Foods and Denver-based Custom Made Meals, which manufactures entrees and appetizers for Kroger’s Home Chef brand, to develop plant-based protein products, although it has not provided details about the scope of the...
Plant-based meat alternatives are getting 'meatier' by the day as brands reverse engineer animal products and put them back together with plants. But getting plant-based fat to behave like animal fat has been a major stumbling block for the...
Despite recent setbacks, the outlook for Beyond Meat is looking rosier in 2022, insisted CEO Ethan Brown during the firm’s Q4 earnings call Thursday as growth in international markets and a recovery in foodservice sales were offset by double-digit year-on-year...
An influx of refrigerated plant-based meat alternatives in the past two years may have helped the category generate consumer buzz and drive initial trial early in the pandemic, but a steady slowdown in sales growth in the back half of 2021 suggests a...
In a new report the Good Food Institute investigates what ingredient requirements will help the plant-based meat industry achieve 6% penetration of the global meat market by the end of the decade.
Above Food, a vertically-integrated plant-based foods company and Umiami, a food technology firm based in France, are partnering to develop whole-cut, plant-based meat and fish analogues.
Nestlé USA is highly focused on several key food and beverage categories as it heads into 2022, including growing plant-based meat alternatives (i.e. chicken), plant-based creamers, coffee, and new snacking opportunities, says Nestlé USA CMO Alicia Enciso....
jack & annie's, an emerging plant-based meat brand made from whole jackfruit, closed a $23m Series B funding round, setting the stage for the company to expand into more conventional retail accounts and pave the way for a growing "less-processed"...
Hooray Foods – which is hoping to make a splash in the plant-based meat category with allergy-friendly vegan bacon (no soy or wheat) – has raised $2.7m in a seed extension round backed by investors including former Dunkin' CEO David Hoffmann, Lyra...
Beyond Meat CEO Ethan Brown urged analysts to “differentiate between short term variability on the one hand, and ongoing strong progress toward a long term vision of becoming tomorrow's global protein company on the other,” during the plant-based...
Brazilian plant-based meat brand Future Farm (Fazenda Futuro) has raised $58m in a Series C round led by BTG Pactual and supported by Rage Capital, bringing its cumulative funding to $89m as it builds its presence in international markets.
Losing your sense of smell and taste - a common side effect of COVID-19 – is pretty unsettling for anyone, but if your job is chief global flavorist at one of the world’s leading ingredients companies, you could be forgiven for experiencing some existential...
US retail sales of refrigerated plant-based meat alternatives were down -3.1% in Q3 2021 compared with the same period in 2020, but were still up 74% vs the same period in 2019, according to IRI data for the 13 weeks to September 26.
When it comes to meat alternatives, most people tend to think about plant-based or cell-cultured meat (real animal cells grown outside an animal). But fungi, in a less familiar form factor (think foamy slabs of mushroom mycelium instead of dome shaped...
Upton's Naturals has been quietly pioneering the plant-based foods category, first with its seitan products, which were among the first to hit retail fifteen years ago, followed by jackfruit and banana blossom plant-based meat alternatives now sold...
From 'whole cuts' of seafood from fungi, to plant-based lamb, to highly functional proteins from brewers' spent grains, here's a quick snapshot of some of the alternative protein startups participating in a virtual pitch slam at last...
Motif FoodWorks has submitted a GRAS notification for myoglobin, a heme-binding protein found in the muscle tissue of cows that Motif is expressing in a genetically engineered yeast strain. The protein – which the Boston-based firm reckons could be a...
The Gardein plant-based meat brand notched up retail sales of $170m in measured channels* in the year to July 25, up 33.5% versus two years ago, says brand owner Conagra Brands, which says it's particularly encouraged by the 'growth that is...
Asian plant-based meat sensation OmniFoods is making its US retail debut via a launch in Sprouts stores nationwide and select Whole Foods stores with three products: OmniPork Ground, OmniPork Strips and OmniPork Luncheon.
Don Lee Farms has filed a motion to compel Beyond Meat to share text messages from CEO Ethan Brown in the latest installment of an increasingly acrimonious legal dispute* between the plant-based meat firm and former co-manufacturer Don Lee Farms triggered...
Impossible Sausage made from plants – a soy-based ground sausage product in savory and spicy variants – will make its retail debut this month and should be in 13,000 stores by the year end, says Impossible Foods, which says retailers have been encouraged...
Beyond Meat is predicting a drop in revenues in the third quarter ($120-140m) vs the second quarter ($149.4m) reflecting some recent distribution losses in foodservice, labor issues at some partners, and uncertainty as the Delta variant of COVID-19 spreads....
Planterra Foods, the plant-based division of meat giant JBS - which debuted in the refrigerated aisle last summer under the OZO brand – has moved into the frozen aisle, expanded its relationship with Boulder-based fungi tech co MycoTechnology, and is...
If you look at the ingredients lists of most plant-based burgers, they’re not wildly different – a combination of extruded plant proteins, hard and liquid fats, natural flavors, yeast, methylcellulose, starch, seasonings and perhaps added vitamins and...
Santiago-based food tech company NotCo has raised $235m in a Series D round led by Tiger Global and supported by DFJ Growth Fund, ZOMA Lab, athletes Lewis Hamilton and Roger Federer, and musician and DJ Questlove, taking its cumulative funding to $350m...
Brazilian plant-based meat brand Future Farm (Fazenda Futuro) is gearing up to enter the burgeoning plant-based meat category in the US after a successful debut in Brazil and several other markets including Chile, Mexico, the UK, Germany, and the Netherlands.
Attempts to put plant-based meats “in the same category as Twinkies” because they are both “processed foods,” should be dismissed as “meat industry propaganda,” Impossible Foods CEO Dr Pat Brown told delegates at the Future Food Tech alternative proteins...
Lightlife Foods’ recent campaign pitting its ‘real food’ credentials vs the 'hyper-processed' wares of Impossible Foods and Beyond Meat was dismissed by some as a PR stunt. However, it started a conversation, says president Dan Curtin, who predicts...
From emerging keto ice cream brand, Rebel, and Beyond Meat's plant-based sausage, to big food's permissibly indulgent takes on legacy brands (Reese's Thins and Zero Sugar Mountain Dew), one theme rang true in IRI's 2020 New Product...
The plant-based meat category is not short of starry-eyed founders armed with me-too products and a lofty mission to fix the broken food system (spoiler alert, they probably won’t). But there is still room for new players with a genuine point of difference...
Beyond Meat and Impossible Foods enjoy more than twice the in-store velocity of other plant-based meat brands in the US retail market, "and so we believe this is still very much a two-horse race,” claim analysts at Bernstein, who say some of the...
Daring Foods – a startup seeking to punch above its weight in the plant-based chicken category via a lower calorie product with a shorter, cleaner, ingredients list and bold branding – has closed a $40m Series B round led by D1 Capital Partners, and supported...
Boston-based Motif FoodWorks has gained exclusive access to technologies designed to address two key challenges in plant-based formulations: achieving melt and stretch in plant-based cheese, and healthier fat that enables marbling in plant-based meat....
