Plant Based
Featured Plant Based Content
Green Circle: Are Plant-Protein’s ‘High’ Costs Overstated?
A new report by Green Circle Capital Advisors is arguing that perception around plant-based protein costs being higher than their animal-based counterparts is inaccurate once you consider the actual protein content of meats and dairy products.
Additional Content
CPG Week: Reading The Earnings Report Tea Leaves, Whole Foods’ Daily Shop
The Nosh and BevNET team talks cereal struggles, energy drink earnings, up-and-down reports from plant-based industry leaders and Whole Foods’ newest attempt at a smaller footprint store concept.
As Plant-Based Burgers Stall, Could Vegan SPAM Be The Answer?
Plant-based meats are branching out from the early success of ground meat and are seeing opportunity in commodity meat and seafood where the deli and canned food categories remain strong bets during periods of economic downturn.
Vegan Food Company Pangea Partners with H Mart for U.S. Launch of Plant-Based Patties
Pangea Natural Foods has launched a pilot partnership with H Mart stores in Texas as part of a larger goal of expanding its plant-based patty business internationally.
Beyond Meat Settles With Investors On Derivative Suit Amid Ongoing Don Lee Litigation
Beyond Meat has settled a lawsuit, filed by a group of its stockholders in March 2020 alleging the company’s senior management team, including co-founder and CEO Ethan Brown, former executive chairman Seth Goldman and former CFO Mark Nelson, “breached their fiduciary duties.” The litigation was a derivative action related to an ongoing legal dispute brought against the company by its former co-packer, Don Lee Farms.
Mikuna Foods Raises Funds With “Mission-Aligned” Investors To Boost Chocho Awareness in U.S.
Mikuna Foods is looking to introduce Americans to Ecuadorian plant-protein ingredient chocho, announcing today the closing of a $5.6 million seed funding round backed by a “mission-aligned collective of private individuals.” The California-based company plans to use the capital to scale operations, expand its supply network and drive brand awareness.
IPES Food Study Says Fake Meat Won’t Save The Planet
The International Panel of Experts on Sustainable Food Systems released a new report last week challenging the “silver bullet” sustainability solutions often touted by leading alternative-protein companies. The comprehensive 104-page report, titled “The Politics of Protein,” aims to contextualize eight of the “most contested” and “potentially misleading” sustainability problem and solution-related claims, into the broad realm of the global food system.
The Checkout: IRI Merges with NPD; Rao’s Activates First Marketplace Popup
In this week’s Checkout: market research firms IRI and NPD merge, Rao’s Homemade activates its first popup marketplace in NYC, All Y’all’s Foods supports a Texas Ranch turned vegan sanctuary and Kroger Dallas launches Restaurant Supply program.
Sunscoop Closes Seed Round To Scale Operations and Ramp Up Innovation
Allergy-friendly and superfood-infused ice cream brand Sunscoop announced today it has raised $2 million in seed funding led by Vibrant Ventures, an investment firm focused exclusively on plant-based CPG, with additional participation from H/L Ventures and Torch Capital, among other early angel investors. The company said it will use the new capital to continue expanding its team, distribution and product portfolio.
Beyond Meat & Pepsi JV Launches Jerky in Retail
This week PepsiCo and Beyond Meat’s joint venture launched its long awaited Beyond Jerky into stores. The jerky is part of a strategy to expand the Beyond Meat brand into new parts of the store and help build PepsiCo’s portfolio of better-for-you items
Kraft Heinz and NotCo Announce Joint Venture
The Kraft Heinz Company and TheNotCompany, Inc. today announced a new joint venture in order to develop and launch a new line of plant-based products. While Kraft Heinz will bring its brand portfolio and ability to bring products to market quickly, NotCo will utilize its artificial intelligence (AI) platform to help guide product decisions and development.