Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.
Urner Barry Releases October Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this October is for reduced supplies with lower domestic use, unchanged exports, and smaller ending stocks. Supplies were reduced on lower projected imports that more than offset minimally higher production. NASS increased the average all rice yield by 2 pounds per acre, to 7,625 pounds. Total domestic and residual use was decreased by 1.0 million cwt to 146.0 million on lower supplies, and ending stocks were reduced to 33.2 million cwt, down 1.0 million. The season-average farm price for all rice remains unchanged at $14.80/cwt.
Persistent rainfall across the southern United States this spring delayed rice planting and field operations, which has led to slightly slower than average harvest pace to date. For the week ending October 3...
JUST Egg's Key Ingredient Receives European Safety Approval, Paves Way for Launch
Eat Just, Inc., a company that applies cutting-edge science and technology to create healthier, more sustainable foods, announced today that the key ingredient in its popular plant-based JUST Egg products has received approval from the European Food Safety Authority’s (EFSA) expert panel on nutrition. This paves the way for the initial launch of JUST Egg to occur in Europe in mid-2022 after the European Commission concludes its review.
By participating in the European Union’s novel food process and passing the EFSA Panel on Nutrition...
Jack in the Box Launches Impossible™ Burger at Phoenix Locations
Jack in the Box Inc., one of the nation's leading QSR chains, has partnered with Impossible Foods to test its plant-based beef patty from October 18, 2021 through December 12, 2021 at participating Phoenix locations. Each restaurant will give guests the option to substitute an Impossible Burger patty for a $1 or $1.50 extra per patty for any Jack in the Box burger on the core menu, including the Bacon Ultimate Cheeseburger, Classic Buttery Jack, Jumbo Jack Cheeseburger and more. The market test makes...
Lightlife Expands Distribution at Walmart, Adds Plant-Based Burgers, Breakfast Links and Patties
Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife® and Field Roast™, announced today that its Lightlife Plant-Based Burger, Plant-Based Breakfast Links and Plant-Based Breakfast Patties are now available at select Walmart locations nationwide. The plant-based breakfast items will be sold in the refrigerated breakfast meat section, the first time the retailer will offer a plant-based option in this area of the store, and the Lightlife Plant-Based Burger will be available in the frozen aisle...
Gen Zs and Millennials Will Drive Growth of Plant-based Foods in the U.S. Over Next Few Years
The consumer demand for plant-based beverages and foods for in-home meal prep has continued throughout the pandemic. Both dairy and meat plant-based alternatives are forecast to grow through 2024, driven almost entirely by Millennials and Gen Zs, who choose these products for better health and because of their interest in sustainability, reports The NPD Group.
The deep-rooted values of Gen Zs and Millennials behind their choice of plant-based foods enabled the category to continue...
Urner Barry Releases October Soy & Wheat Report
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this October is reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks were reduced by 35 million bushels to 580 million, which are the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season-average farm price was raised $0.10/bu to $6.70/bu on reported NASS prices to date and price expectations for the remainder of 2021/22.
Soybean supplies for 2021/22 were projected at 4.7 billion bushels, up 145 million on higher production and beginning stocks. With higher crush and unchanged exports, 2021/22 ending stocks were projected...
Asia’s Leading Plant-Based Pork Brand OmniFoods Launch at Sainsbury’s
OmniFoods announced that its 100% plant-based pork-style proteins are now on store shelves in the chilled aisles at Sainsbury’s Stores. Great Taste Award-winning OmniPork Mince and newly available OmniPork Strips are now available at 119 Sainsbury’s stores nationwide.
OmniPork Mince is made using a proprietary blend of plant-based protein from non-GMO soy, peas, shiitake mushrooms, and rice, OmniPork’s products contain less saturated fat, less calories, and zero cholesterol compared to animal-based pork products.
The innovative OmniFoods has brought its highly versatile 100%...
REPORTER: Plant Protein Manufacturers Attempt to Get the Next Generation to Jump Aboard
This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.
Can you remember sitting at the dinner table staring at those vegetables growing up—perhaps hoping they would just disappear?
Well, those vegetables now come in the form of every child’s favorite: chicken nuggets or a hamburger patty.
Plant protein continues to make headlines with new product launches and partnerships with major restaurant and retail brands. Among them are products geared towards kids...
REPORTER: The Massive Chinese Market Attracts Plant-Based Innovators
As Chinese consumers seek more protein in their diets and plant-based foods become readily available, alternatives to meat are gaining acceptance in China. Although plantbased protein currently has a small serving share compared to traditional meat in China, The NPD Group reports that awareness has reached 90%. The retention rate for plant-based proteins is on the rise, increasing from 53% in October 2020 to 68% in January 2021...
Rising Meatless Protein Investment by Food Industry Indicating Accelerating Plant-Based Demand
A new report from Bloomberg Intelligence is predicting that the global market for plant-based foods could see a fivefold growth by 2030. As the demand for plant-based dairy and meat alternatives continues to climb, the food industry is also seeing rising investment in new products and production methods, coming from a variety of ingredient and CPG manufacturers, including newly-public Nepra Foods, as well as established food industry giants such as Bunge Limited, Conagra Brands, Inc., Sprouts Farmers Market, Inc., and Archer-Daniels-Midland Company...
Greenleaf Foods Inks Deal with Whole Foods Market to Become Exclusive Plant-Based Chicken Provider
Greenleaf Foods, SPC, owner of Lightlife® and Field Roast™, is now the exclusive un-breaded, plant-based chicken provider for all Whole Foods Market prepared foods departments across North America. Whole Foods Market will be the first national retailer to offer Lightlife’s newest plant-based chicken product—an un-breaded, whole-muscle, plant-based chicken made from pea protein that’s versatile for a variety of recipes—at over 500 prepared foods departments in the United States and Canada...
Urner Barry Releases October Pulse Protein Report
On October 5, the USDA reported an average $51.00/cwt for U.S. #1 garbanzo beans compared to $40.00/cwt at the end of September. U.S. whole green peas averaged $25.00/cwt as of end-September, a slight increase of $0.84/cwt as of end-August. Prices for North American yellow peas saw an increase of $4.17/cwt last month, totaling $28.33/cwt.
After making landfall as a Category 4 hurricane in Louisiana at the end of August before weakening to a tropical storm, Hurricane Ida caused significant damage to oil and gas processing facilities, grain facilities and ports. After a two-week closure, Cargill restarted its Westwego, Louisiana, grain export terminal and unloaded its first grain barge. Also, power was restored to Cargill's heavily damaged terminal in...
Hormel Foods to Partner with The Better Meat Co. for Food Forward Alternative Protein
Hormel Foods Corporation, a global branded food company, today announced its venturing company, 199 Ventures, has entered into an exclusive partnership with The Better Meat Co. to bring new mycoprotein and plant-based protein products to the marketplace. 199 Ventures was formed in 2019 by Hormel Foods to be the company's food forward incubator, which includes investing in companies that align with Hormel Foods growth strategies.
The two companies will work together to develop the next generation of great-tasting, wholesome, and...
Burger King® Tests New Impossible™ Nuggets Made From Plants
You come to BK to have it your way – whether that’s the iconic flame-grilled Whopper®, the hand-breaded Ch’King™ sandwich, or one of the exciting new innovations on our menu like the Impossible™ Nuggets Made From Plants. Burger King will be the first global quick-service restaurant brand to test the plant-based nuggets from Impossible Foods that have the savory taste of a family favorite, with a golden-brown crispy breading on the outside and a tender, juicy bite on the inside. In short...
Beyond Meat® Introducing Plant-Based Beyond Breakfast Sausage® Links at All Big Retailers in Canada
Beyond Meat®, a leader in plant-based protein, is shaking up the breakfast game in Canada by launching plant-based Beyond Breakfast Sausage® Links in grocery stores nationwide, marking Beyond Meat’s entry into the Canadian retail breakfast category. Consumers can find the savoury plant-based sausage links at all major retailers across Canada, making it easier than ever to enjoy Beyond Meat’s delicious, nutritious and sustainable plant-based proteins any time of day.
Beyond Breakfast Sausage Links are crafted to...
Tailgate at Home in Plant-Based Style with eMeals Featuring Plant-Based Protein from Beyond Meat®
If you're planning an at-home tailgating party to cheer your favorite team to victory (hopefully!), here's a planet-friendly way to serve up the football fare we all know and love. eMeals, America's leading meal planning service, and Beyond Meat®, a leader in plant-based meat, have whipped up a Beyond Game Day Tailgating menu featuring plant-based brats, burgers and kabobs along with side dishes, drinks and dessert that will score big with your guests.
Ready and waiting to...
Beyond Meat® Announces Latest Expansion In Plant-Based Chicken Platform
Beyond Meat®, a leader in plant-based meat, today announced that following multiple successful launches of its best-in-class plant-based chicken items in foodservice, it is debuting its Beyond Chicken® Tenders (MSRP: $4.99) at select retailers nationwide in response to consumer demand.
In addition to the retail rollout of the delicious plant-based chicken tenders, Beyond Meat is also increasing its retail product distribution of other Beyond Meat products at Walmart stores in which Beyond Meat products are currently sold, making this the...
Impossible Foods Expands to the Middle East
California-based Impossible Foods has arrived in the United Arab Emirates, the company’s first market in the Middle East. Its flagship product, Impossible™ Burger, is kosher, halal and gluten-free certified, and now exclusively available on the menus of select restaurants across Dubai, United Arab Emirates, including Pickl, Sticky Rice, Akira Back and The MAINE Oyster Bar & Grill.
Beginning Friday, October 1, Impossible Burger will be featured at World Expo 2020 on select menus in the US Pavilion. The event is expected to draw more than 25 million visitors from almost 200...
Sysco Offers New and Innovative Products For Fall 2021 Through Cutting Edge Solutions Platform
Sysco Corporation, the leading global foodservice distribution company, announced today the nationwide launch of eight innovative concepts exclusively for Sysco customers through the company’s Cutting Edge Solutions platform. These chef-tested and exclusive products provide foodservice operators with on-trend menu options such as plant-based ingredients as well as innovative to-go solutions that will help them stand out in the ever-evolving foodservice environment.
“Our Cutting Edge Solutions platform helps our customers stay on-trend and ahead of the competition with new and..."
Urner Barry Releases September Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this September is for reduced supplies along with lower domestic use, unchanged exports, and smaller ending stocks. Supplies were mostly reduced on smaller production, as NASS lowered 2021/22 rice production by 6.9 million cwt to 190.5 million on decreased harvest area offsetting higher yield. The all rice yield is 7,623 pounds per acre, up 79 pounds from the previous forecast, and the third highest on record. Projected 2021/22 all rice ending stocks were reduced by 3.1 million cwt to 34.2 million, down 22% from a year ago. The all rice season average farm price for 2021/22 has increased $0.10/cwt to $14.50/cwt.
Persistent rainfall across the southern United States this spring delayed rice planting and field operations, which has led to slightly slower than average harvest pace to date. For the week ending September 5, 28% of the U.S. 2021/22 rice crop was reported harvested, 3% above...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Dao Foods
Dao Foods is a China-focused impact investment firm whose goal is to ultimately “reduce the consumer demand for industrial animal agriculture” through fueling startups “who are targeting the 400 million millennials in China with new, exciting, and delicious plant-based proteins”. The firm was founded by seasoned investors Tao Zhang and Albert Tseng alongside Beyond Meat investor New Crop Capital and the Good Food Institute.
In October 2020, Dao Foods announced a 3-year plan to invest in 30 Next-Gen Good Food Ventures using...
Zoglo's Incredible Food Corp. to List Products with FreshCo
Zoglo's Incredible Food Corp. is pleased to announce the listing of its IncredibleTM plant-based product line with FreshCo Ltd. ("FreshCo"), broadening its retail footprint in the Canadian market. All of Zoglo's IncredibleTM line which includes consumer favourites such as chicken strips, meatballs and burgers will be available in 96 FreshCo supermarkets across Ontario.
FreshCo, a subsidiary of Sobeys Inc., launched in 2010 with a focus to provide the best low-price grocery shopping experience by offering quality fresh food at low prices, in a bright, easy-to-navigate store and...
Banza Teams Up With Beyond Meat® and Follow Your Heart® to Launch Two New Pizzas
Banza, the rapidly growing maker of chickpea-based comfort foods, today announced that two new varieties of its chickpea pizza are hitting shelves nationwide starting this month. Joining Banza's line of high-fiber, high-protein chickpea pizzas are Supreme, a spin on a traditional sausage pizza featuring Beyond Sausage® Italian Crumbles, and Plant-Based Cheese, a vegan pie made with Follow Your Heart® dairy-free cheese.
The new pizzas offer the same nutritional benefits as Banza's original pizza varieties — more protein...
Lightlife Debuts Breakthrough National Campaign, ‘Simple Ingredients for a Full Life’
Lightlife®, owned by Greenleaf Foods, SPC, today unveiled a new integrated marketing campaign that illustrates the company’s belief in simple, delicious, plant-based food. The 30-second spots, aptly named “Thrive” and “Inside,” will air across a variety of television, online video and social channels in North America, and feature the distinctive voice of award-winning actor Awkwafina. Set against breathtaking nature scenes, the films encapsulate Lightlife’s ethos in living well, eating clean, and keeping things simple.
“At Lightlife, we believe that eating delicious, clean food and keeping..."
New Plant-Based Protein Options Needed to Capture the Meat-Lovers Market
When Burger King launched its Impossible Whopper nationwide in collaboration with Impossible Foods back in the summer of 2019, it marked the beginning of wave of efforts from restaurant chains and CPG manufacturers to court the shopping dollar of vegans, vegetarians, and part-time vegetarians known as "flexitarians". But now two years later, the market is seeking the approval of meat-lovers as well—not just the veggie-inclined. Today, vegan meat is appearing on menus 1,320% more than since the global health crisis began...
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
US Foods Holding Corp. announced the launch of Fall Scoop, the company’s 10th annual edition of Scoop. Themed, “Next-Gen Ideas for Next-Gen Diners,” Fall Scoop features 23 products that cater to the next generation of diners, Gen Z and Millennials. More than half of the nation’s total population are now members of the millennial generation or younger, making them the largest age group of diners who can drive important revenue opportunities for operators. This generation of diners is different than their predecessors – they want familiar menu items with a twist, sustainable and meatless items, and social media-worthy presentations. Fall Scoop products deliver on these demands to entice, attract, and delight this younger generation of dining enthusiasts and help operators “Make It.”
“We’re bringing fresh ideas to our operators that provide the labor savings and versatility they need today with the innovation they’ll need moving forward as they cater to the next generation of diners,” said Stacey Kinkaid, vice president, product development and innovation, US Foods. “To support our Fall Scoop theme...
Benson Hill Announces Closing of Acquisition of Soy Crushing Facility Assets
Benson Hill, Inc., a food technology company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine announced the closing today of its acquisition of a soybean crushing facility in Seymour, Indiana.
This investment, announced on September 13, 2021, will further solidify the Company’s position in the value chain to support production of a robust portfolio of proprietary, non-GMO, identity...
Zoglo's Incredible Food Corp. to List Products with Leading North American Retail Co-operative
Zoglo's Incredible Food Corp. is pleased to announce the listing of its IncredibleTM plant-based product line with Calgary Co-operative Association Limited, solidifying its retail footprint in the Alberta market. The entirety of Zoglo's IncredibleTM line which includes consumer favourites such as chicken strips, meatballs, and burgers will be available in all 22 Calgary Co-op. supermarkets in the Calgary metropolitan area.
Calgary Co-op. is one of North America's largest retail co-operatives with over 440,000 members. They ranked 8th in sales among all...
Urner Barry Releases September Soy & Wheat Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this September is for reduced supplies and slightly higher domestic use with decreased imports. Projected 2021/22 ending stocks were reduced 12 million bushels to 615 million and are 27% below last year, the lowest in eight years. Also, the projected 2021/22 season-average farm price is lowered $0.10/bu to $6.60/bu on reported NASS prices to date and price expectations for the remainder of the crop season.
Globally, wheat supplies are projected to increase by 7.1 million tons for a total of 1,072.8 million. This increase is due to a combination of larger beginning stocks for Canada, the European Union, and India, with higher production for...
VIDEO: Morning Market Roundup September 14
Urner Barry's reporters discuss the plant fire at JBS, weather affecting plant proteins, and chicken wing prices.
Zoglo's Incredible Food Corp. Adds Consumer Packaged Goods Executive Bill Ivany To Board
Zoglo's Incredible Food Corp. is pleased to announce the addition of Bill Ivany to Zoglo's Board of Directors effective September 13, 2021.
Bill Ivany is a seasoned Food Industry executive with experience leading and overseeing sales, operations, and supply chain departments of international consumer packaged goods organizations and brands. Mr. Ivany has held multiple leadership roles with companies such as Melita Canada, Marsham International Food Brokers and Kehe subsidiary, Tree Of Life Canada, over his 35-year career.
"It is an honour to be serving on the..."
Zoglo's Incredible Food Corp. Adds Canadian Food Industry Icon David Jeffs to Board of Directors
Zoglo's Incredible Food Corp. is pleased and honoured to announce the addition of Canadian Food Industry expert, David Jeffs, to its Board of Directors.
David Jeffs has enjoyed a 28-year career with Loblaw Companies Limited fulfilling numerous senior level positions, including President, Westfair Foods, and Executive Vice President, Loblaw Companies - National Retail. David has spent his most recent years leading major efforts with the Perennial Group of Companies, the Performance Sports Group, US Foods, and Sobeys Inc. He is also currently active in...
Urner Barry Releases September Pulse Protein Report
On September 7, the USDA reported an average $40.00/cwt for U.S. #1 garbanzo beans compared to $36.00/cwt at the end of July. U.S. whole green peas averaged $23.00/cwt as of mid-August, an increase of $3.00/cwt as of end-July. Prices for North American yellow peas saw a slight decrease in the last month, totaling $24.16/cwt.
Hurricane Ida made landfall as a Category 4 hurricane near Port Fourchon, Louisiana on August 29, before weakening to a tropical storm. Energy companies began evaluation of facilities hit by the storm last week, as widespread power outages and...
CHKN Not Chicken Announces Series A Funding to Accelerate Retail and Food Service Distribution
CHKN Not Chicken, the plant-based chicken alternative announced today the closing of a Series A round of funding led by Stray Dog Capital. The company will leverage the financing to launch its product assortment into retailers across the U.S. and expand partnerships with Quick Serve and Casual Dining restaurants to bring plant-based chicken products to the food service channel. This launch is the culmination of two years of research and development of its proprietary extrusion, flavor-infusion, and enrobing technology that allows...
San Francisco 49ers and Levi's Stadium Run New Menu Option Play: Incogmeato by MorningStar Farms
San Francisco 49ers games at Levi's® Stadium this season will feature a new way for fans to tackle hunger as Incogmeato® and MorningStar Farms® have been named the first-ever official plant-based protein of the NFL franchise.
The in-stadium experience keeps getting better at the home venue of the 49ers, with a new menu of next-generation plant-based protein that looks, cooks and tastes just like the real thing. From sizzling burgers to brats and sausages...
Impossible Foods Launches Chicken Nuggets Made From Plants
Impossible Foods announced the launch of its newest product – Impossible Chicken Nuggets Made From Plants – marking a major milestone in consumers’ preference for plant-based products.
Now available through major foodservice distributors, Impossible Chicken Nuggets will appear today on the menus of top chefs across the country, including at David Chang’s fried chicken concept Fuku in New York City; Marcus Samuelsson’s comfort food eatery Red Rooster in Harlem and Miami; Sean Brock’s fast-food tribute Joyland in Nashville; Tal Ronnen’s Los Angeles hotspot Crossroads Kitchen; and...
VIDEO: Morning Market Roundup August 31
Urner Barry's reporters discuss turkey production, liquid eggs, and plant proteins.
ZENB Expands Leadership And Accelerates Plans To Bring Innovation To The Plant-Based Food Industry
As consumers continue to look for alternative meal plans that ensure a healthier lifestyle and contribute towards a healthier planet, ZENB, a direct-to-consumer, plant-powered brand is giving people a new understanding of just what plants can do. With seasoned brand storyteller Hugo Pérez appointed as Vice President of Marketing, ZENB is looking to carve out a leadership position in the plant-based food industry over the next 3 years, relying on a robust pipeline of products being developed with...
Nabati Foods Launches Plant-Based Liquid Eggs in the U.S.
Nabati Foods Global Inc., a plant-based food technology company offering whole, natural, plant-based foods for consumers, is launching Nabati Plant Eggz™, its plant-based liquid egg product, in the United States, on August 30, 2021.
The product is available online at Nabati.ca for $6.99 (USD) and is also available as part of VegNews’ deal of the week. The deal includes two bottles of Nabati Plant Eggz™ and two bags of Nabati Cheeze (one mozzarella style and one cheddar style), which can be purchased for...
PlantX Announces Q1 2022 Financial Results
PlantX Life Inc. (the "Company" or "PlantX") is pleased to announce its interim unaudited condensed consolidated financial results for the three months ended June 30, 2021. All amounts are reported in Canadian dollars unless otherwise stated.
First Quarter 2022 Highlights- The Company generated gross revenue of $4,089,705 for the three month period ended June 30, 2021, an increase of $3,956,815 from the gross revenue generated in Q1 2021.
- Cost of sales for the three months ended June 30, 2021 was $2,952,592.
- Net loss was $10,283,084 of which $5,937,614...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Barvecue
‘Plant-based’ and ‘barbecue’ may not go hand in hand yet, but a bold and tight-knit team of innovators are making changes in the barbecue belt. "In September, we will open the world's largest plant-based smokehouse, Barvecue's Carolina Smokehouse," says Lee Cooper, founder, and CEO of Barvecue. Since its inception in 2017, Barvecue has been a family affair, nestled in the lush greenery of North Carolina developing plant-based barbeque meats. The mission? “To create the best tasting plant-based barbecue on the market while building a company that cares about people, animals, and the planet," says Cooper.
Barvecue offers chopped and pulled plant-based barbecue meat, lovingly smoked using a fragrant blend of local woods. The chopped Barvecue variety is gluten free while the pulled is not, and both varieties are...
Lightlife and Pizza Pizza Partner to Add Plant-Based Chicken to the Menu
Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast announced a partnership with Canadian pizza chain and quick-serve restaurant leader, Pizza Pizza. Available now, Pizza Pizza is expanding its plant-based menu offerings by adding plant-based chicken items for the first time, including a Lightlife Plant-Based Chick’n Sandwich and Plant-Based Chick’n Bites.
“Lightlife is excited to partner with Pizza Pizza to offer consumers something they can enjoy without compromise: a delicious and satisfying breaded plant-based chicken made with simple ingredients they can feel good about,” said Dan Curtin, President of Greenleaf Foods, SPC.
For over 50 years, Pizza Pizza has been serving Canadians using...
Planterra Foods Announces New Office and R&D Innovation Center in Lafayette, CO
Planterra Foods is proud to announce the opening of its new headquarters in Lafayette, CO with a new office space and R&D Innovation Center to continue its mission of sharing the delicious taste of plant-based food with the world. With the opening of the new Planterra office and R&D Innovation Center, the company looks forward to continuing its purpose of feeding future generations and making a positive impact on the world.
The new location will result in incremental employment and new opportunities to grow...
Chipotle Tests Plant-Based Chorizo in Select Markets
Chipotle Mexican Grill today announced its latest menu innovation, Plant-Based Chorizo, is in test in Denver and Indianapolis. Plant-Based Chorizo is the brand's first new plant-based protein option since the debut of Sofritas® in 2014.
All Plant-Based, For RealOver the past year, Chipotle's culinary team has worked relentlessly to develop a Plant-Based Chorizo recipe that aligns with the brand's industry-leading Food with Integrity standards and delivers a craveable plant-based protein using only real ingredients.
Chipotle's breakthrough new Plant-Based Chorizo has the...
Urner Barry Releases August Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this August is for reduced supplies along with lower domestic use, higher exports, and smaller ending stocks. All rice production was reduced by 2.0 million cwt to 197.4 million, all on lower yields. The all rice yield is 7,544 pounds per acre and is down 76 pounds from the previous forecast. Projected 2021/22 all rice ending stocks were reduced by 4.0 million cwt to 37.3 million, down 15% from a year ago. The all rice season average farm price for 2021/22 has increased $0.10 per cwt to $14.50.
According to the USDA's Rice Outlook for August, persistent rainfall across the South continues to delay crop progress, field operations, and harvest in much of the region. For the week ending August 8, 74% of the U.S. 2021/22 rice crop was reported...
The Makers of Happy Little Plants Brand Launch Plant-Based Pepperoni Style Topping
For any pizzeria or restaurateur looking to add plant-based pizazz to their pizzas, Hormel Foods is introducing Happy Little Plants pepperoni style topping. Everyone should be able to enjoy the experience of pepperoni pizza. Our plant-based pepperoni-style topping will impress both plant-lovers and pork enthusiasts.
"Our team worked closely with pizzerias, chefs, foodservice operators and pizza experts to develop a plant-based pepperoni style topping that...
Plant-based Foods Market to Hit $162 Billion in Next Decade, Projects Bloomberg Intelligence
The plant-based foods market could make up to 7.7% of the global protein market by 2030, with a value of over $162 billion, up from $29.4 billion in 2020, according to a new report by Bloomberg Intelligence (BI). The report Plant-Based Foods Poised for Explosive Growth identifies growth expectations for the plant-based foods market through 2030, as global animal and dairy protein demand is poised to reach $1.2 trillion by then.
According to the new report...
Broadline Shipments of Plant Proteins to U.S. Pizza Operators Jump in Q2 2021
Pizza has repeatedly ranked in the top foods ordered at U.S. restaurants. According to The NPD Group, in the quarter ending June 2021, there were 1.2 billion servings of pizza ordered, up +4% from the same quarter last year. An aspect of pizza’s popularity is that it can be customized to serve many different tastes and needs, like the growing interest in plant-based proteins. Units of plant-based protein meat analogues and ingredients shipped from broadline foodservice distributors to pizza operators increased by +56% in the second quarter compared to a year ago, reports NPD.
There is a lot of attention in the marketplace and media about plant-based foods, but there is also interest in these foods from consumers, chefs, and restaurant operators. Based on NPD research, about 20% of consumers say...
Zoglo's Incredible Food Corp. to List Its New Product Line with Walmart Canada
Zoglo's Incredible Food Corp. announced that it will be listing its plant-based food products from its new Incredible product line in select Walmart Canada locations across the country.
Founded in 1994, Walmart Canada is part of Walmart Inc.'s International portfolio, with 408 retail locations including...
Vegan Fast-Food Chain Opens Second College Campus Location
Plant Power Fast Food announces the opening of its newest location in the North Torrey Pines Living and Learning Neighborhood development on the campus of the University of California in San Diego (UCSD). This new location marks the ninth restaurant currently open and the second to be included on a college campus.
This is Plant Power Fast Food's first foray into a mixed use commercial residential development on a university campus. The location features indoor and outdoor dining, mobile ordering and pick up and will offer Uber Eats and...
Meatless Farm Offers Plant-Based Burger on Chefs Plate’s Menu, Expanding Availability
Meatless Farm today announced the launch of its plant-based protein option on Chefs Plate’s menu. Effective today, consumers across Canada are able to select the Meatless Farm patty as a recipe option with Chefs Plate, marking the first time the meal kit company has offered plant-based substitutions on its weekly menu.
Meatless Farm is featured in the Naked Veggie Cheeseburger meal option for its first week, with many recipes to come including Loaded Sweet Potatoes, Korean Bowls, Skillet Mexican Bowls and more. This represents an exciting...
Urner Barry Releases August Soy & Wheat Report
Within North America, the bulk of soybean production occurs in the plains regions of the Midwest. The top soy producing states are Illinois, Iowa, and Minnesota, respectively. Kansas overwhelmingly leads nationally in all wheat production, followed by North Dakota and Montana.
According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this August is for reduced supplies and lower domestic use with unchanged exports and...
Nature Zen to Launch Their Plant-Based Protein on the US Market
Health and organic sections in conventional supermarkets and general food stores have never been so abundant. Year after year, the number of shelves proposing organic and animal free alternatives is increasing. We are now living in a new era where even top restaurants in New York City have completely converted their menus to adopt this new lifestyle that is vegetarian or vegan, preferring organically grown, eco-friendly, plant-based foods … today’s new must for the benefit of mind and body, when eating...
Publix Introduces GreenWise Private-Label Plant-Based Burgers and Tenders
In response to increased customer demand for more plant‑based protein options, Publix is launching the company’s first pea-based chickenless tenders and meatless burger patties. The GreenWise Chickenless Tenders, arriving in stores this week, and the GreenWise Meatless Burger, released in April, offer the texture and taste of meat while providing 11 and 19 grams of plant-based protein, respectively. As an added benefit for customers with food sensitivities, both new products are nondairy and soy- and gluten-free. The company also currently offers a traditional black bean burger...
Impossible Sausage Made from Plants Arrives in Home Kitchens
Impossible Foods announced that Impossible Sausage Made From Plants is launching in retail stores for the first time in a ground sausage form. Available in two flavors - Savory and Spicy - Impossible Sausage will be rolling out in Kroger, Ralphs, King Soopers, Fred Meyer, Safeway, Albertsons, Wegmans, Stop & Shop, Hannaford, Giant Martin’s, Giant Food, Sprouts Farmers Market, and Heinen’s and many more retailers across the country.
Impossible Sausage was introduced as the company’s first all-new product since the Impossible™ Burger debuted in 2016. Sausage went on the menu at the 30 Top American Diners as chosen by Yelp, and Jamba® most recently followed with...
The Habit Burger Grill Launches with Impossible Foods
The Habit Burger Grill announced the continuation of its offerings with Impossible Foods Inc., bringing the company's plant-based meat to select locations in the US. Beginning August 11th, The Habit Burger Grill will introduce two culinary innovations to their menu, the Original Impossible™ Burger and the Impossible™ Bistro Burger, both of which are made with Impossible Foods' award-winning plant-based meat.
Combining The Habit Burger Grill's standard for freshly prepped ingredients and high-quality food, the Original Impossible Burger and the Impossible Bistro Burger aim to satisfy guests' desire for a delicious and...
Tattooed Chef Launches New Innovation Items at Sprouts Farmers Market
Tattooed Chef, Inc., a leader in plant based foods, announced it has launched four entrée bowls including two new flavors at Sprouts Farmers Market in approximately 340 stores.
The four entrée bowl flavors are now available to Sprouts Farmers Market shoppers, including the new Buffalo Cauliflower Mac & Cheese Bowl and Spicy Thai Bowl...
Pizza Hut Expands Partnership with Beyond Meat for New Plant-Based Beyond Pepperoni Pizza Topping
Pizza Hut and Beyond Meat have reunited. The two innovation leaders are entering another milestone in their partnership with the debut of Beyond Pepperoni, a plant-based version of Pizza Hut's #1 selling pizza topping, and a first for both brands. Beginning today, the Beyond Pepperoni Pizza will be available as a test in nearly 70 locations across five U.S. markets for a limited time, only at Pizza Hut.
Beyond Pepperoni was co-developed by Beyond Meat and Pizza Hut's culinary teams and is made from simple, plant-based ingredients like peas and rice, with no GMOs, soy, gluten, hormones, antibiotics or cholesterol. As part of its ongoing partnership with Beyond Meat...
Freshly Introduces Purely Plant-Its First-Ever Plant-Based Meals Line
Freshly, a leading fresh, chef-prepared meal delivery service in the U.S., announced the launch of its first-ever plant-based line including six new purely plant meals featuring plant-based proteins made with clean, whole-food ingredients. Developed with a flavor-first approach that shows plant-based eating can be both nutritious and delicious, the line provides an entirely new category of meals to Freshly users and satisfies ongoing demand for variety, taste, nutrition, and convenience. Offering a mix of plant-based twists on classic comfort foods and globally-inspired cuisine, Freshly introduces proprietary plant protein blends including...
Impossible Foods Appoints New Chief People Officer and Chief Financial Officer
Impossible Foods announced two additions to its leadership team as it prepares for rapid growth. The company has appointed exceptional new talent in both human resources and finance.
Veteran HR executive Leilani Gayles is joining Impossible Foods as Chief People Officer and will oversee people operations, including talent acquisition, compensation and rewards, talent and leadership development, diversity, equity and inclusion, and strategic people initiatives to support the company’s commitment to creating the best work experience for all.
Impossible Foods’ finance leader and interim CFO, David Borecky, has been promoted to...
Beyond Meat Reports Second Quarter 2021 Financial Results
Beyond Meat, a leader in plant-based meat, reported financial results for its second quarter ended July 3, 2021.
Second Quarter 2021 Financial Highlights
- Net revenues were $149.4 million, an increase of 31.8% year-over-year.
- Gross profit was $47.4 million, or gross margin of 31.7% of net revenues.
- Net loss was $19.7 million or $0.31 per common share. Net loss as a percentage of net revenues was...
Zoglo's Incredible Food Corp. Partners with Tree of Life Canada to Expand Distribution Across Canada
Zoglo's Incredible Food Corp. announced that it is partnering with Tree of Life Canada ("TOL") to provide distribution and sales services to bring Zoglo's range of 100% plant-based food products to retailers and food service outlets across Canada.
Acquired in 2010 by Chicago-based KeHE Distributors, TOL services health conscious Canadian consumers living a wholesome, healthy and ethically responsible lifestyle with a retail sales team of over 140 individuals, including...
Study Shows How Corn and Soybean Producers Benefit from U.S. Red Meat Exports
U.S. beef and pork exports brought critical returns to the corn and soybean industries in 2020, according to an independent study conducted by World Perspectives, Inc. and released by the U.S. Meat Export Federation (USMEF). According to the study, U.S. beef and pork exports added 41 cents per bushel to the value of corn and $1.06 per bushel to soybeans in 2020.
“As the study indicates, my farm gains from red meat exports in the price of every acre of crops that we grow,” says...
Urner Barry Releases August Pulse Protein Report
On August 2, the USDA reported an average $35.00/cwt for U.S. #1 garbanzo beans compared to $34.00/cwt at the end of June. U.S. whole green peas averaged $15.00/cwt as of mid-July, an increase of $0.80/cwt as of end-June. Prices for North American yellow peas have continued to rise, with the USDA reporting an increase of $2.30/cwt from mid-July, totaling $18.10/cwt.
Also, the Food and Agriculture Organization reported that the FAO Food Price Index averaged 124.6 points in June, down 3.2 points from May, but still 33.9% higher than...
Beyond Meat Expands Partnership with A&W Canada to Launch Plant-Based Chicken Nuggets
Beyond Meat announced another milestone in its partnership with A&W Canada with the introduction of Beyond Meat Nuggets. The launch taps into the growing consumer demand for chicken from quick-service restaurants as well as an increased demand for plant-based proteins.
Beyond Meat Nuggets offer the same experience as traditional chicken nuggets while offering 18 grams of plant-based protein per six pieces. Like all Beyond Meat products, Beyond Meat Nuggets are made from...
Actual Veggies Raises $2.3M from Investors to Expand Veggie-Only CPG Startup
Actual Veggies announced that it has closed a $2.3M round of funding from Electric Feel Ventures, the venture arm of Post Malone's management team, run by Austin Rosen, Big Idea Ventures, Rose Street Capital, pro-soccer player, and three-time FA Cup champion defender, Kieran Gibbs, and other strategic investors. Combined with its previous funding round from Big Idea Ventures and angel contributions, Actual Veggies has secured $2.8M in funding to date.
“Since we launched the company, it’s been an incredible whirlwind and despite the challenges of...
Vejii Holdings Signs Agreement with UNFI
Vejii Holdings Ltd. announced that as of July 15 it has entered into an agreement with United Natural Foods, Inc. (UNFI), the largest publicly traded grocery distributor in the United States and Canada.
Under the terms of the agreement the company expects to greatly improve overall margin based on a tiered discount structure. This agreement will improve reliability and consistency of supply to over 5000 products across 200 categories.
"The customer shopping experience is our number priority. Having a strong relationship with...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Plantible
Duckweed is an incredibly sustainable and well rounded source of plant-based protein, and we haven’t seen enough of it in U.S. markets. Plantible, founded by Tony Martens and Maurits van de Ven in 2016, is changing that.
A member of the aquatic plant genus Lemna, duckweed contains all 9 amino acids, can grow to double its size in 48-72 hours, and can be cultivated on typically non-arable land. When processed correctly, duckweed results in a tasteless, colorless protein isolate with a wide range of applications, from...
Daring Brings Plant-Based Chicken To Whole Foods Market
Daring has announced its Original Pieces and Original Breaded Pieces are available for consumers to purchase in select Whole Foods Market locations across the U.S. starting August 2021. Daring's entry into Whole Foods Market is a significant retail growth moment for the brand, landing in the beloved retailer just 18 months after launching.
Daring will add to Whole Foods Market's renowned portfolio of premium ingredient products with its Original Pieces and Original Breaded Pieces, both available in...
Zoglo's Incredible Food Corp. Announces 12 New Products into the Canadian Retail Market
Zoglo's Incredible Food Corp. announced the introduction of 12 new plant-based food products from its Incredible™ product line into the Canadian retail market. The new products are designed to provide customers with plant-based alternatives for existing consumer favourites such as shawarma, meatballs, chicken tenders and strips.
"We are very pleased to be expanding our product line in Canada and look forward to Zoglo's continuing to...
Eat Beyond Portfolio Company Nabati Foods Patents New Plant-Based Liquid Egg
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that its portfolio company Nabati Foods Global Inc. ("Nabati Foods") has patented its new plant-based liquid egg product, Nabati Plant Eggz, in Canada, the United States, and Australia, and is in the process of filing in Europe, and China as well.
The liquid egg alternative is made from lupin and pea protein to mimic the consistency and texture of conventional chicken eggs. Nabati Plant Eggz are designed to be an easy substitute for...
Bunge Reports Second Quarter 2021 Results
Bunge Limited reported second quarter 2021 results.
• Q2 GAAP EPS of $2.37 vs. $3.47 in the prior year; $2.61 vs. $1.88 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences• Continued strong Agribusiness execution across the global network• Outstanding Refined and Specialty Oils results driven by increasing demand and record refining capacity utilization• Increasing full-year adjusted EPS outlook to at least...
ADM Reports Record Second Quarter Earnings; Expects Momentum to Continue in Second Half
ADM reported financial results for the quarter ended June 30, 2021.
“It was yet another excellent quarter for ADM, as our team delivered record earnings, with strong year-over-year profit growth across all three business units”
“This is a very different ADM than even a few short years ago, and our transformation is far from...
Sweet Earth Foods Debuts New Plant-Based Breakfast Bowls and Reformulated Deli Slices Nationwide
Plant-based foods innovator Sweet Earth Foods is announcing the nationwide launch of their new heat-and-eat Breakfast Bowls and reformulated, ready-to-eat Deli Slices. As consumers return to on-the-go busy lifestyles, these prepared meal and plant-based protein offerings provide quick plant-based solutions.
The three new Sweet Earth Breakfast Bowls meet this demand and are inspired by classic regional scrambles, all while offering between 17 - 20 grams of plant protein and three to five grams of fiber in every bowl. New flavors found in the frozen meals section include...
Dr. Praeger’s Launches Four New Products Nationwide at Whole Foods Market
Dr. Praeger’s Sensible Foods announced the introduction of four new products to Whole Foods Market shelves nationwide.
Beginning in August, Whole Foods shoppers can find Dr. Praeger’s Cauliflower Veggie Burger, Perfect Burger, Original Chick’n Littles and Spinach Littles Value Pack on shelves at their local Whole Foods. These new products join an existing array of Dr. Praeger’s products that Whole Foods customers have been purchasing for years, including the California Veggie Burger, the brand’s #1 selling SKU at Whole Foods and the brand’s Perfect Sliders, introduced last year...
ADM Fastens Growth of Global Alternative Protein Platform with Planned Acquisition of Sojaprotein
Global nutrition leader ADM announced that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients.
Established in 1977, Serbia-based Sojaprotein has sales into 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. The company had more than...
Taco Bell Unveils Latest Menu Round-up
After putting the finishing touches on its new streamlined menu to make room for new innovations, Taco Bell has unveiled its latest menu offerings that will be available nationwide or for testing in select markets.
Since Nacho Fries first launched in 2018, Taco Bell has reimagined the beloved menu item multiple times with innovations. This time, Nacho Fries will be joined by the new Loaded Taco Fries.
The latest fry innovation features...
Urner Barry Releases July Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this July is for slightly larger supplies along with lower domestic use, higher exports, and larger ending stocks. All rice production was reduced 2% to 199.3 million cwt. NASS reported that the severe drought in California reduced medium and short grain area. The all rice yield was also lowered based on...
Atlantic Natural Foods Launches Plant Based Foods for Foodservice Operators
Atlantic Natural Foods, the leading shelf-stable manufacturer of Loma Linda® brand foods, announced the introduction of its plant based offering for foodservice operators. Called Modern Menu by Loma Linda, the new foodservice line features a complete assortment of industrial-size, meatless meal options, including the company's award-winning Chili, Taco Filling, Sloppy Joe, Southwest Bowl and TUNOTM, which can be used in a variety of foodservice applications. Providing quick prepare-and-serve convenience, Modern Menu products are available at an affordable cost, substantially lower than comparable proteins.
"Today's value-driven consumers continue to seek sustainability on restaurant menus," said J. Douglas Hines, founder and chairman of Atlantic Natural Foods. "Based on...
OZO Expands Line of Plant-Based Proteins in Frozen and Fresh Aisle
Colorado-based Planterra Foods is expanding its portfolio of plant-based products in the fresh and frozen category by launching a variety of new items for families to have more options of convenient plant-based meals at home. Available now, consumers can add the OZO™ Frozen Nuggets (10.6 oz), plant-based Chicken Patties (4, 2.5 oz patties), and Italian Style Meatballs (12-1 oz meatballs) as well as fresh Smokehouse Burgers (2-4 oz patties) and plant-based Ground Turkey (12 oz) to their plant-based rotation of OZO™ meals.
These new OZO™ products offer a spin on plant-based proteins in the categories of chicken, turkey and beef, with bold flavors for delicious meat-free possibilities stored...
VIDEO: Morning Market Roundup July 20
Urner Barry's reporters discuss the UK Beef Complex, Boxed Beef, and Vital Wheat Gluten.
Field Roast Expands Club Store Distribution with Plant-Based Chicken Nugget Debut at Costco
Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast, announced that its Field Roast Plant-Based Nuggets are now available at more than 50 Costco locations in the Los Angeles region, marking the first time the product will be sold at any Costco store in the United States.
“We’re excited about Field Roast’s continued growth with Costco and the opportunity to make delicious plant-based food more accessible to home chefs everywhere,” said Dan Curtin, President of Greenleaf Foods, SPC. “The Field Roast Plant-Based Nugget is the only plant-based chicken nugget alternative available at Costco LA.”
Field Roast first introduced its Plant-Based Nuggets to conventional retailers in January 2020 and has since...
Urner Barry Releases July Soy & Wheat Protein Report
Average all-wheat prices increased $0.42/bu from April while average soybean prices increased as well by $0.90/bu. July front month futures decreased from May’s rates. CBOT wheat front month futures reached $6.28/bu in July, a decrease of $0.39 from June. Also, CBOT soybeans totaled...
Little Caesars to Offer Plant-based Pepperoni
Little Caesars is launching the Planteroni Pizza, made with the new Field Roast Plant-Based Pepperoni, to many of its stores across the United States.
The new pizza option will be available at Little Caesars locations in the cities and suburbs of Los Angeles, New York City, Miami, San Francisco, Portland, Oregon, and the chain’s hometown of Detroit. Customers can choose from a regular Planteroni™ Pizza for $8.49, a Slices-N-Sticks product consisting of half Planteroni™ Pizza and half cheesy breadsticks for $8, or add Field Roast™ Plant-Based Pepperoni as a topping on any custom pizza...
Baja Fresh Adds Impossible Foods to Menus Nationwide
Baja Fresh Mexican Grill, the fast-casual Mexican food chain, is launching three new menu options featuring Impossible™ meat made from plants. The lineup of Impossible™ dishes will be available at participating stores nationwide.
The three Impossible™ varieties include:
Planterra Foods Accelerates Plant-Based Food Technologies with MycoTechnology Agreement
Planterra Foods, an innovative plant-based protein start-up company based in Colorado, announced a Master Collaboration Agreement with MycoTechnology, a food ingredient company focused on moving food forward by infusing human ingenuity with the intelligence of nature. The agreement was designed to strengthen the ingredient partnership between the two Colorado-based companies as they plan to accelerate development technologies to improve the quality of plant-based proteins.
Over the past year, Planterra's brand of OZO™ plant-based products have been made with MycoTechnology's pea and rice protein fermented by...
Maple Leaf Foods Releases 2020 Sustainability Report
Maple Leaf Foods, a leading North American producer of high-quality, sustainable meat and plant-based proteins, announced the release of its 2020 Sustainability Report, highlighting the company's key initiatives, milestones and accomplishments in 2020 on its journey to become the most sustainable protein company on earth.
Throughout the challenges of 2020, Maple Leaf Foods remained committed to leading in sustainability, born out of a recognition of the enormous and essential role that the protein industry plays in nourishing billions of people, and the resources required to create nutrient-dense foods. While prioritizing the health and safety of its employees and the stability of its food supply, the company championed a more...
Urner Barry Releases October Emerging Plant Protein Report
Urner Barry Releases October Soy & Wheat Report
Urner Barry Releases October Pulse Protein Report
Urner Barry Releases September Emerging Plant Protein Report
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report