Shifting Trends See Global Food Giants Ramp Up Their Plant-based Offerings

The past few years have seen plant-based meat and dairy alternatives go from a niche product to a mainstream trend, and finally to a mainstay in the food industry. Now that the average consumer has had the opportunity to try plant-based alternatives, the market has spoken and plant-based foods are taking a much larger role in the food industry in 2021.

Plant-based offerings are being added to the lineups of the world's largest food producers, multinational restaurants and cafes, and to important segments like the infant nutrition space. It's clear that the largest players in the food industry like Tyson Foods, PepsiCo, Starbucks Corporation, and Yum! Brands, along with innovative plant-based foods companies like...

PepsiCo and Beyond Meat Establish Partnership to Introduce New Plant-Based Offerings 

PepsiCo, Inc. and Beyond Meat, Inc. announced they will form The PLANeT Partnership, LLC (TPP), a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat’s leading technology in plant-based protein development and PepsiCo’s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC (TPP).

“Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting...

PepsiCo Announces Senior Leadership Appointment

PepsiCo, Inc. announced that Athina Kanioura has been appointed Executive Vice President and Chief Strategy and Transformation Officer. She will report to Chairman and CEO Ramon Laguarta.

In this new role, Kanioura will lead PepsiCo's end-to-end strategy to win both as a total company and in key markets, including the company's digitalization and data strategy. She will also lead company-wide transformation—ensuring that PepsiCo's scale is leveraged as the company focuses on accelerating growth and identifying areas of cost efficiency and optimization.

"Athina is a highly talented leader who will bring a cross-functional, technology-driven approach to...