Both sides have claimed victory in the latest installment of an increasingly acrimonious legal dispute* between Beyond Meat and its former co-manufacturer Don Lee Farms triggered by the early termination of an exclusive five-year supply agreement the...
Beyond Meat posted a 11.4% increase in net revenues to $108.2m in the first quarter (ended April 3) and a net loss of $27.3m, with solid growth in retail (+45% to $81.025m) dented by declines in foodservice (-34% to $27.139m), although execs say they’re...
The next iteration of the Beyond Burger - featuring 35% less saturated fat and 75% more iron than 80/20 beef burgers, a comparable level of B vitamins, and a meatier flavor – will hit grocery stores next week and restaurants in June, with a leaner version...
The Very Good Food Company Inc. -- part of Eat Beyond Global Holdings' portfolio of alternative protein brands -- has upgraded its manufacturing facility to significantly expand production of its plant-based 'butchered' meat alternatives....
After finetuning a diverse range of plant-based meat and seafood that goes far beyond the burger- and sausage-heavy offerings of today, Hungry Planet is ready to ramp up production and distribution of all nine of its proteins across retail, foodservice...
With VC-backed food tech startups deploying molecular biologists and astrophysicists now competing for shelf space in the red-hot meat and dairy alternatives market with equally deep-pocketed multinational meat and CPG companies, where do independent...
The Plant Based Foods Association has slammed bills proposing restrictions on the use of terms such as ‘milk’ and ‘meat’ on food labels and restaurant menus in Wisconsin, while state lawmakers insist they are urgently required to prevent consumer confusion....
Beyond Meat has opened its first end-to-end manufacturing facility outside the US in the Jiaxing Economic & Technological Development Zone (JXEDZ) near Shanghai.
Sales of plant-based foods that directly replace animal products - including meat, seafood, eggs, dairy, condiments and meals containing plant-based alternatives - grew by 27% to $7bn in measured channels in the year to December 27, 2020, according to...
Impossible Foods has launched its first national advertising campaign targeting meat eaters who haven’t yet tried Impossible products, specifically its flagship product, the plant-based Impossible Burger.
North Carolina-based Barvecue is significantly scaling up production of its plant-based pulled pork line, tapping into an underserved opportunity in the plant-based meat alternative space, says brand founder and CEO Lee Cooper.
Market projections for meat and dairy alternatives vary wildly, with Impossible Foods’ CEO predicting animal agriculture could hit a ‘death spiral’ by 2035, while Wells Fargo reckons plant-based meat will account for a rather more modest 4% of the US...
'When these restaurant chains move, the entire food industry takes notice...'
In a clear signal that plant-based meat is hitting the mainstream, Beyond Meat has announced global partnerships with two of the biggest players in fast food: McDonald’s, and Yum! Brands (KFC, Taco Bell, Pizza Hut), a month after striking a deal with...
While consumers rate plant-based beef more favorably than its bovine counterpart on fiber, fat, saturated fat and cholesterol; they rate it less favorably on taste, protein, iron, and overall nutrition, according to survey data contained in a new report...
Plant-based brands have blasted the latest wave of bills proposing restrictions on the use of terms such as ‘milk’ and ‘meat’ in states including New York and Texas as “a solution in search of a problem,” but say more work is needed to persuade legislators...
Hot on the heels of price cuts to foodservice distributors, Impossible Foods is cutting prices to US grocery stores and supermarkets, taking suggested retail prices for two patty packs down 20% to $5.49, and 12oz bricks down to $6.99.
What are the primary purchase drivers for plant-based foods? Should humans drink cow’s milk? Why don’t the Dietary Guidelines address sustainability? And could tapping into consumer interest in the microbiome help make fiber the go-to functional ingredient...
Post Holdings has dipped its toes into the fast-growing plant-based meat category with an investment in St Louis-based startup Hungry Planet, which makes soy- and wheat-based beef, port, chicken, crab and chorizo for foodservice and retail markets.
While cutting prices when demand is “skyrocketing” is somewhat unorthodox, Impossible Foods’ latest double-digit price cut to foodservice distributors reflects its growing economies of scale and mission to make plant-based meat a more accessible and affordable...
Meat processing giant Tyson Foods threw its hat into the plant-based meat arena in 2019 with the nationwide launch of the Raised & Rooted brand, which is now available in 10,000+ US retail locations and select QSR outlets. But has it met expectations?
Israeli start-up SavorEat is celebrating going public on the Tel Aviv Stock Exchange (TASE), which co-founder and CEO Racheli Vizman says represents an industry first for food tech.
Plant-based eggs, bacon, and everything inbetween… check out our gallery of plant-based brands and innovations to watch in 2021, from NotCo and Black Sheep Foods to Gold & Green. There are of course SCORES of exciting brands not covered here; this...
The plant-based meat category is becoming increasingly competitive, with legacy brands vying for shelf space with multinationals, well-funded foodtech players, and a host of enterprising startups, says No Evil Foods co-founder Sadrah Schadel. But independent...
Beyond Meat will gradually replace its flagship plant-based Beyond Burger in 2021 with two new variations: a “juicier and meatier” burger featuring 35% less saturated fat than 80/20 beef burgers, and its “most nutritious patty yet,” featuring 55% less...
A weak performance in foodservice and slower than-expected growth at retail combined to deliver a modest 2.7% increase in Q3 revenues to $94.4m at Beyond Meat, a figure “lower than we expected,” CEO Ethan Brown told analysts Monday. However, he insisted...
Meati Foods – which is carving out new territory in the meat-alternative space with a fungi-based platform capable of producing ‘steaks’ and other whole cuts – has raised $28m in a Series A round led by Acre Venture Partners.
Do children like oatmilk and Beyond Burgers? Research* shows that US families with children over-index for plant-based milk and yogurt sales and that parents of children under 18 are more likely to think that plant-based proteins are healthier than animal-based...
It’s not sharing launch dates, but Impossible Foods is making progress on developing egg alternatives and a milk that “is better than anything that comes from a cow,” company execs told reporters during a call outlining plans to double the size of the...
Impossible Foods is gearing up for market entry in Europe, China and Brazil; Beyond Meat is looking at “any and all plant-based protein sources” as it expands its ingredient toolbox; Meati Foods is preparing to launch fungi-based steaks, and Planterra...
While all the key brands in plant-based meat are exploring new protein sources, most still use soy or pea as the primary protein source. Oats, rapidly emerging as star players in the plant-based milk category, have not, however, made any real impact in...
Launched earlier this year, global multi-brand plant-based food company The LIVEKINDLY Collective has closed a $135m capital raise led by Blue Horizon Corporation to accelerate and increase capacity for its planned 2021 US launch.
Hooray Foods – which launched its allergy-friendly vegan bacon (no soy or wheat) in restaurants late last year – will make its retail debut on November 1 with a roll out to seven regions of Whole Foods Market.
Where is the plant-based meat category heading, and how reliable are some of the predictions out there about how much this market could be worth over the next 10-15 years?
Walmart plans to triple availability of Beyond Meat's plant-based Beyond Burger from 800 stores to 2,400+ stores nationwide beginning next week, as plant-based meat continues to gain traction in mainstream grocery retail.
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 an $8m Series A funding round led by VC firm Maveron, taking...
Looking back, spring 2020 was not the ideal time to debut in grocery retail, observes Planterra Foods CEO Darcey Macken, who was gearing up to make a splash in the plant-based meat set in mid-April with the OZO brand before a certain pandemic threw a...
Plant-based meat maker Upton’s Naturals and the Plant Based Foods Association (PBFA) have fired the latest salvo in the battle over the labeling of plant-based products in a lawsuit* challenging Oklahoma’s new ‘Meat Consumer Protection Act.’
Beyond Meat (Jiaxing) Food Co., a wholly-owned subsidiary of Beyond Meat, Inc., has signed an agreement with Jiaxing Economic & Technological Development Zone (JXEDZ) to manufacture plant-based meat products including beef, pork, and chicken under...
As demand for more meat-like plant-based products grows, Dr. Praeger’s Sensible Foods continues to expand beyond the vegetable-forward frozen foods it is best-known for with the launch of the Perfect Turk’y Burger, while still holding the line on its...
Building on consumer research suggesting that “60% of Americans want to eat plant-based but are scared it won’t taste good,” Kellogg has launched a new ad campaign challenging Americans to try its new plant-based Incogmeato line that features the strapline,...
Plant-based protein specialist PURIS – a key supplier of pea protein to Beyond Meat - is rolling out a series of new products this year including a pea syrup that can serve as an alternative to corn-, brown rice- or tapioca syrup; and sweet lupin flour,...
In an open letter slammed by Impossible Foods as cynical and disingenuous and dismissed by one commentator as a “PR stunt,” Lightlife Foods has attempted to distinguish itself from ‘food tech’ rivals in the plant-based meat arena by positioning itself...
Beyond Meat has fired the latest salvo in a legal spat with former co-manufacturer Don Lee Farms with an amended complaint accusing it of misappropriating trade secrets, defrauding Beyond Meat, and infringing its trademarks.
Pork processing giant Smithfield Foods – which threw its hat into the plant-based meat ring last September with the nationwide launch of burgers, breakfast patties, protein crumbles and meatballs under the Pure Farmland brand – has started shipping new...
Impossible Foods has raised $200m in a Series G funding round led by new investor Coatue, with participation from existing investors including Mirae Asset Global Investments and Temasek as well as new investor XN. The move brings its total funding since...
Adults who swapped out animal protein for plant-based protein saw lower levels of LDL cholesterol, moderate weight loss, and similar sodium intake and blood pressure levels (compared to animal protein consumption) after eight weeks, revealed a two-phase...
Hannaford has significantly expanded distribution of plant-based items across the store, adding signage to make it easier for shoppers to identify plant-based products, and introduced long-term price promotions and marketing efforts including digital...
While COVID-19 dented foodservice sales, Beyond Meat experienced a 194.9% surge in US retail sales in Q2, with strong gains in the club channel and surging sales of its Cookout Classic 10-burger frozen value packs, priced at a 20% premium to conventional...
US retail sales of tofu – which for years occupied a solid, but sleepy, niche in a plant-based meat category increasingly propelled by brands seeking to precisely match the taste and texture of conventional meat – have caught fire in recent weeks, says...
