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Urner Barry Releases May Soy & Wheat Protein Report

In March, farmers experienced a decline in prices for their soybean and all-wheat crops. Average all-wheat prices decreased $0.97/bu from February while average soybean prices declined $4.23/bu. May front month futures increased from April’s rates. CBOT wheat front month futures reached...

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May 13 2:53 PM, Plant Protein



Beyond Meat Expands Presence at Walmart with Beyond Meatballs and Summer Grilling Pop-ups

Beyond Meat, a leader in plant-based meat, announced its second expansion of product offerings this year at Walmart. This June, Beyond Meatballs™ will be available for the first time at 2,100 Walmart stores in which Beyond Meat products are already sold across the country. This rollout is the second major Beyond Meat expansion at Walmart in 2021, following the launch of Beyond Sausage® Hot Italian and Cookout Classic™ in stores earlier this year.

As demand for plant-based meat options continues to grow, Beyond Meat has increased retail momentum across the U.S., Europe, Australia and other global markets in an effort to increase worldwide accessibility to delicious plant-based meat products made without GMOs. As the key summer grilling season kicks off, consumers have continued to...

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May 13 8:32 AM, General News


Jennie-O Turkey Store Announces Launch of Jennie-O Turkey Burger Blends

Jennie-O Turkey Store announced the launch of a new product called Jennie-O® turkey burger blends. Made from a combination of white meat turkey, black beans, whole grain rice and pepitas, these carefully selected and nutritious ingredients offer consumers the combined benefits of lean, meat-based and plant-forward protein (15g) and fiber (5g) in one tasty turkey burger.

"We know that people are becoming increasingly interested in adding more plant-focused...

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May 13 8:31 AM, General News


Alpha Foods Introduces Plant-based Breakfast Sandwiches and Burritos

As post-pandemic life becomes more of a reality across America and the demand for on-the-go meals increases, Alpha Foods is elevating breakfast with the launch of five new Plant-Based Breakfast Sandwiches and Plant-Based Breakfast Burritos. The new lineup includes: Alpha® Meatless Sausage, Plant Egg & Cheeze Breakfast Sandwich, Alpha® Spicy Chorizo, Plant Egg & Cheeze Breakfast Sandwich, Alpha® Protein Supreme Breakfast Burrito, Alpha® Bac'n Scramble Breakfast Burrito and Alpha® Rockin' Ranchero Breakfast Burrito - all of which come filled with meatless protein, dairy-free cheese, and plant-based eggs. The new breakfast items will hit the frozen aisle of grocery stores nationwide this June.

As the world settles into the new normal and new routines, Alpha Foods developed this breakfast line with more vital iron and fiber than many other breakfast brands for...

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May 13 8:31 AM, General News


ADM to Build New Soy Crushing Facility in North Dakota

ADM announced its plan to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.

Based in Spiritwood, ND, the approximately $350 million crush and refining complex will feature state-of-the-art automation technology and have the capacity to process 150,000 bushels of soybeans per day. Strategically located in a major soybean producing area, ADM’s global logistics network will enable the facility to access...

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May 11 9:07 AM, General News


Beyond Meat Reports First Quarter 2021 Financial Results 

Beyond Meat, a leader in plant-based meat, reported financial results for its first quarter ended April 3, 2021.

First Quarter 2021 Financial Highlights

  • Net revenues were $108.2 million, an increase of 11.4% year-over-year.
  • Gross profit was $32.7 million, or gross margin of 30.2% of net revenues.
  • Net loss was $27.3 million, or $0.43 per common share; Adjusted net loss was $26.2 million, or $0.42 per common share, reflecting...
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May 10 8:25 AM, General News


Impossible Foods Secures Child Nutrition Label for Impossible Burger

Impossible Foods announced that it has secured Child Nutrition Labels (CN Labels) for its Impossible Burger products, clearing a hurdle towards widely entering the K-12 market in fall 2021.

Child Nutrition (CN) Labels are voluntary food crediting statements authorized by the USDA that make it easier for schools participating in federal Child Nutrition Programs, including the National School Lunch Program and School Breakfast Program, to determine how much a particular food contributes to federal meal pattern requirements for nutritionally balanced meals for children each school day.

The program is run by the USDA's Food and Nutrition Services (FNS), which must evaluate a product's formulation to determine how much it contributes to...

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May 7 8:29 AM, General News


Save the Date for Urner Barry's Global Protein Summit 

After a year without in-person networking and educational events, we are excited to announce the return of Urner Barry's Global Protein Summit live in Chicago!

Once again you can create new business connections, gain valuable perspectives on the protein markets, and learn from some of the top minds in the industry.

The Global Protein Summit will take place November 1st-3rd at The Drake Hotel in Chicago, Illinois...

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May 7 8:29 AM, Urner Barry


Urner Barry Releases May Pulse Protein Report

On April 29, the USDA reported an average $30.00/cwt for U.S. #1 garbanzo beans compared to $28.00/cwt at the end of March. This represents a month-over-month increase of $2.00/cwt. North American green peas experienced a decrease from early April rates, and are now steady with prices seen in mid and late March. U.S. whole green peas averaged $10.50/cwt as of the end of April, a slight decrease of $0.50/cwt from mid-April rates. Purchases of North American yellow peas for animal feed in China have...

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May 6 8:28 AM, Plant Protein


Lightlife Transforms Plant-Based Portfolio

Lightlife, owned by Greenleaf Foods, SPC, has transformed its portfolio of products to meet high consumer demand for plant-based food that’s made with simple, recognizable ingredients. In just over one year, the brand has heavily invested to completely overhaul 19 of its plant-based products, removing ingredients like carrageenan, eggs, and maltodextrin.

Notably, Lightlife removed carrageenan from its Smart Dogs, which is America’s #1 selling plant-based hot dog. In the final round of consumer tests, adults and kids overwhelmingly preferred the flavors, texture, and overall experience of the new Smart Dog when compared to...

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May 6 8:27 AM, General News


Maple Leaf Foods Reports First Quarter 2021 Financial Results

Maple Leaf Foods reported its financial results for the first quarter ended March 31, 2021.

"Maple Leaf remains committed to delivering shared value, and to building an enduring company, with a vision to be the most sustainable protein company on earth," said Michael H. McCain, President and CEO. "We continue to deliver on our commitments. As we cross the one-year mark of the COVID-19 pandemic, I continue to be inspired by our dedicated front-line team members who come into work each day to produce the food we all need to stay healthy. Our number one priority is to keep our people healthy during this global crisis, and beyond. At the same time, we are delivering on our financial commitments, including both significant revenue growth and margin expansion in...

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May 5 9:46 AM, General News


Raised & Rooted Brand Launches New Products Bringing Plant-Based Options to Grills this Summer

Raised & Rooted brand, Tyson Foods’ brand of plant protein products, is expanding its offerings with three new products to meet the increased demand for plant-based protein options. The new plant-based burger patties, Bratwurst and Italian sausages, and ground are available in the refrigerated section of grocery stores nationally.

“Our products are plants made meatier, and deliver the same delicious flavors, in a better-for-you alternative,” said David Ervin, vice president of marketing, Raised & Rooted. “We are excited to...

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May 5 8:26 AM, General News


PLANT PROTEIN: Get to Know Players in the Plant Protein Market: The Better Meat Company

“Of course people like eating burgers, people like eating meat! We want to give people that same experience, just with a far more diversified portfolio of proteins. Whether that means it’s a blended burger, a plant-based burger, or a burger made from microbial proteins, we want to give people the experience of eating meat that people want, but with a much smaller footprint on the planet.” said Paul Shapiro, The Better Meat Company’s CEO, TEDx speaker, bestselling author, podcast host, plant-based fish stick enjoyer, and animal lover.

With just three growth packed years in the industry and 16 employees, The Better Meat Company provides high quality plant protein formulations to major food companies for use in both blended meat-plant hybrid products and traditional plant-based foods...

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Apr 29 8:26 AM, Urner Barry


Impossible Foods Launches in Lidl’s U.S. Stores

Starting this week, Impossible Foods’ flagship product is rolling out at Lidl’s 145 locations across the United States, as both companies continue major expansion efforts in recent years. Lidl will be the largest discount grocer to offer Impossible Foods’ products.

The award-winning Impossible Burger is being introduced into Lidl stores this week across Delaware, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia. Customers can find Impossible Burger in the fresh meat section of the store in convenient, versatile 12-ounce packages or in a recyclable package of two pre-formed, quarter-pound (4-oz) patties. In line with Lidl’s commitment to affordable prices...

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Apr 29 8:24 AM, General News


The Brand New Beyond Burger Launches at Grocery Stores Nationwide 

Beyond Meat announced that the highly-anticipated new version of its iconic Beyond Burger® will arrive in grocery stores nationwide beginning the week of May 3rd. The latest and greatest Beyond Burger, which offers impressive advancements in taste and nutrition, will be sold in a 2-pack, the brand’s first-ever value 4-pack (MSRP: $9.99) and a 1lb. Beyond Beef® pack.

“We are continuously working on understanding beef flavor at a deeper level to ensure our plant-based beef platform delivers a delicious and satisfying sensory experience. The new Beyond Burger’s rich flavor profile resembles that of ground beef, and extensive testing with our consumers validated this new flavor direction with...

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Apr 28 8:31 AM, General News


Nathan’s Famous Partners with Meatless Farm to Launch Gourmet Plant-Based Hot Dog

Nathan’s Famous announced its partnership with Meatless Farm to bring consumers the industry’s first gourmet, plant-based hot dog. To celebrate, select Nathan’s Famous restaurants will give away one free Nathan’s Meatless Farm hot dog to all customers who wish to try it for a limited time. The partnership brings to market Nathan’s 100+ year old secret recipe, a favorite of consumers all over the world, crafted with clean and simple plant-based ingredients. Starting in April, the Nathan’s Famous Plant-Based Hot Dog by Meatless Farm will be available exclusively on the Nathan’s online retail portal on Shopify, and then rolled out in select locations in May.

"As plant-based menu items continue to grow in popularity, we are excited to launch the first ever gourmet, plant-based hot dog, a product created not just for our flexitarian, vegetarian, and vegan customers, but...

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Apr 28 8:30 AM, General News


Cargill Makes a Splash With Investment in Plant-based Seafood, Meat Start-up

As consumer demand for plant-based products grows, Cargill has announced an investment in BOX NV start-up, Bflike.

Cargill sees the potential for Bflike to become a leader in the alternative meat and fish categories. The partnership aims to combine Cargill’s food ingredient solutions with Bflike’s recipes and technology. Together, the companies look to provide “food manufacturers and retailers the opportunity to bring tasty plant-based products to market quickly and affordably.”

“Global volume consumption of protein is expected to nearly double by 2050...

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Apr 27 10:14 AM, SeafoodNews


Cargill Unveils Plans for New Canola Processing Facility in Regina, Saskatchewan

Cargill announced plans to break ground on a new canola processing facility in Regina, Saskatchewan, to support the growing global demand for canola products. The company expects to begin construction on the $350 million project, which will have a similar design to Cargill’s existing Camrose facility, early next year with plans to be operational by early 2024. The company will also update and modernize its canola facilities in Camrose and Clavet over the next 12 months to increase volume and broaden capabilities at both locations.

“We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing...

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Apr 23 8:48 AM, General News


ADM Advances Protein Innovation with Opening of New Plant-based Lab in Singapore

ADM celebrated the opening of its new cutting-edge, plant-based innovation lab, located in ADM’s Biopolis research hub in Singapore. The lab will develop next-level, on-trend and nutritious products to meet growing food and beverage demand in the Asia-Pacific region.

“ADM is a pioneer in plant-based nutrition innovation, and this new facility will enhance our ability to meet rapidly growing consumer demand in the Asia-Pacific region and bring exciting new products and solutions to the market,” said Leo Liu, ADM president, Asia-Pacific. “Protein continues to be a focus for consumers who are experimenting with plant-based options to meet their health and nutrition, sustainability and...

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Apr 23 8:31 AM, General News


Urner Barry Release April Emerging Plant Protein Report 

According to the USDA’s Rice Outlook for April, the first survey-based indication of 2021/22 U.S. rice acreage puts plantings at 2.71 million acres, down 11% from a year prior. Total domestic and residual use was lowered by 2 million cwt, totaling 158 million cwt, which is still the highest on record. The supply and use revisions resulted in a 3.5 million cwt increase in the 2020/21 ending stocks forecast for a total...

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Apr 22 8:32 AM, Urner Barry


Incogmeato Introduces Plant-Based Chik'n Tenders

Incogmeato™ by MorningStar Farms®, a leader in plant-based poultry, knows America loves chicken tenders and now they're unveiling new plant-based Chik'n Tenders. Hitting shelves this month in Original and Sweet BBQ flavors, the new Incogmeato Chik'n Tenders are indistinguishable from its animal protein counterpart – with a signature "just-like-meat" tear.

"Our new Incogmeato Chik'n Tenders are a game changing experience for the flexitarian chicken-loving consumer who wants to try plant-based but isn't finding an option that stacks up to...

 

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Apr 21 8:34 AM, General News


Third Largest European Plant-based Producer Vivera Acquired by JBS S.A.

JBS, the world's largest protein company and second-largest food producer, has entered into an agreement to purchase Vivera, Europe's third-largest plant-based food producer, for an enterprise value of €341 million. Vivera develops and produces a broad range of innovative plant-based meat replacement products for major retailers in over 25 countries across Europe, with relevant marketshare in The Netherlands, the United Kingdom and Germany. The deal includes three manufacturing units and a research and development center located in The Netherlands.

Vivera, currently the largest independent plant-based company in Europe, will join other JBS initiatives such as Seara's, Incrível range, a market leader in plant-based hamburgers, and...

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Apr 20 9:02 AM, General News


Hungry Planet Closes $25 Million Series A Funding Round

Hungry Planet a leading plant-based meat company headquartered in St. Louis, Missouri, announced that it closed an oversubscribed $25 million Series A financing round. This round of funding will be used to build capacity for Hungry Planet’s breakthrough plant-based meats, and accelerate growth across retail, foodservice and e-commerce channels, both domestically and internationally.

Post Holdings led the round, joined by Singaporean investment group TRIREC, and included other leading plant-forward investors. With the market value of plant-based meat expected to reach $35.4 billion by 2027, Hungry Planet determined that now is the time to...

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Apr 20 8:31 AM, General News


Atlast Raises $40M to Expand Production of Whole Cut Plant-Based Meat

Atlast Food Co., the mycelium food company growing the future of plant-based meats, announced a $40M Series A round to develop and supply whole cut plant-based meat to partners around the globe, including directly to consumers through its own brand MyEats. Viking Global Investors led the round with participation from 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital, Footprint Coalition Ventures, and others. Also joining were the leaders and founders of food and CPG companies, including Applegate, Stonyfield, and Whole Foods. This funding will support the further development and scaling of this technology and team.

"This investment will allow us to meet the incredible demand we've felt for our product," said Stephen Lomnes, President of Atlast Food Co. "We are building the largest mycelium production facility in the U.S. to...

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Apr 16 8:29 AM, General News


Carl's Jr. and Beyond Meat Partner for Plant-based Meat Menu Takeover on Earth Day 

Carl’s Jr. is inspiring fans to Go Beyond this Earth Day by hosting a one-of-a-kind, one day plant-based meat menu takeover at a local restaurant in Los Angeles. The store will Go Beyond for customers to stop by and try a complimentary eco-friendly Beyond Meat® item. Fans of Carl’s Jr. and Beyond Meat who are not able to join the celebration in Los Angeles can enjoy any Beyond Burger for five dollars via an email offer at participating Carl’s Jr. locations throughout the U.S.

“We are excited to give our fans a fun, delicious way to celebrate Earth Day this year with a full plant-based meat experience at Carl’s Jr.,” said Patty Trevino, senior vice president of brand marketing at CKE Restaurants. “With nearly one-third of consumers identifying as flexitarian, we continue to...

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Apr 16 8:29 AM, General News


Montana Passes Landmark Bill Advancing Hemp as Animal Feed

Governor Greg Gianforte signs HB 396, a bill authorizing hemp food ingredients as commercial animal feed. This bill is a major step forward for the developing U.S. hemp grain industry, opening additional markets for farmers and again establishing Montana as a key leader in production and opportunities for industrial hemp grain. Features of this bill include:

  • Clarifying hemp seed food ingredients and substances derived from hemp are included in the definition of commercial feed.
  • Providing authority for hemp for use as commercial feed for pets, specialty pets, and horses.
  • For other livestock, effectiveness contingent upon...
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Apr 15 9:17 AM, General News


Urner Barry Releases April Soy & Wheat Protein Report

In February, farmers experienced another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.35/bu from January while average soybean prices rose $1.80/bu. April front month futures are mixed, with a reduction for CBOT wheat from February rates. CBOT wheat front month futures reached $6.15/bu in April, a decline of $0.21/bu from March. Meanwhile, CBOT soybeans remained steady from February rates, totaling...

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Apr 15 8:38 AM, Plant Protein


Dr. Praeger’s Launches New Cauliflower Veggie Burger

Dr. Praeger’s Sensible Foods has announced the latest addition to their famous line of veggie burgers – the Cauliflower Veggie Burger.

The Cauliflower Veggie Burger contains six different vegetables including cauliflower, zucchini and peas, and offers 9g of protein per serving. The new burgers are non-GMO, certified gluten-free, vegan, kosher and soy free.

In their continued mission to support local and sustainable agriculture, Dr. Praeger’s is donating a percentage of sales of the Cauliflower Burger to Farmers Against Hunger. Since 1996, Farmers Against Hunger has been...

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Apr 15 8:36 AM, General News


Beyond Meat Announces Major Retail Expansions Throughout Europe 

Beyond Meat announced significant product distribution expansion within thousands of European retail locations this spring. As Beyond Meat has grown its retail presence in the region, the European plant-based foods market has seen aggressive growth with sales increasing by 49% over the last two years. Beyond Meat’s commitment to making products utilizing simple, plant-based ingredients without GMOs has enabled the brand to rapidly expand product distribution throughout the continent.

Beyond Meat products are available at approximately 122,000 retail and foodservice outlets in over 80 countries worldwide. The new product distribution in Europe includes...

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Apr 13 8:26 AM, General News


Impossible Foods Hires Steve Turner In the All-new Role of Chief Experience Officer

Impossible Foods announced today the hiring of former Apple creative leader Steve Turner as Chief Experience Officer.

In this newly created role, Turner will be in charge of building brand awareness and accelerating the global consumer movement to a sustainable food system. He’s a key member of the company’s senior executive team and reports directly to CEO and Founder Dr. Pat Brown.

In 2017, Steve founded Sublime, a strategic creative consulting firm that advises CEOs, CMOs and other executives. Before that, he spent 11 years at Apple, where he rose to global Executive Creative Director for Apple’s Media Arts Lab. He worked with...

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Apr 12 9:39 AM, General News


Beyond Meat Expands U.S. Retail Distribution within Multiple National and Regional Grocery Chains

Beyond Meat announced several major product expansions within its existing footprint at retailers nationwide. As demand for plant-based meat continues to rise, this increased distribution strengthens the company’s expansive retail presence at approximately 28,000 retail outlets across the U.S. in which consumers have made their preference for Beyond Meat clear: Beyond Meat was the #1 selling plant-based meat brand in the refrigerated category at grocery stores and across foodservice.

The expanded retail product availability includes...

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Apr 9 8:29 AM, General News


Urner Barry Releases April Pulse Protein Report 

On March 31, the USDA reported an average $28.00/cwt for U.S. #1 garbanzo beans compared to $21.50/cwt in early February. This represents a month-over-month increase of $6.50/cwt. North American green peas also experienced price increases from February rates. U.S. whole green peas averaged $10.25/cwt as of the end of March, a slight increase of $0.75/cwt from February rates. Purchases of North American yellow peas for animal feed in China have contributed to another consecutive month of increased yellow pea prices. The USDA reported an increase of...

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Apr 8 8:21 AM, Plant Protein


Jimmy Dean Launches New Breakfast Nuggets and Skillets 

Jimmy Dean is helping keep breakfast exciting with new Breakfast Nuggets and Skillets varieties.

"We know it's important to people to have a variety of breakfast options in order to keep mornings delicious and fun," said Scott Glenn, senior director of marketing, Jimmy Dean brand. "We believe breakfast helps people have a great start to their day, whether on-the-go with our bite-sized Breakfast Nuggets, or...

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Apr 8 8:20 AM, General News


Beyond Meat Opens Manufacturing Facility in China 

Beyond Meat announced the grand opening of its new state-of-the-art manufacturing facility in the Jiaxing Economic & Technological Development Zone (JXEDZ) near Shanghai. As Beyond Meat’s first end-to-end manufacturing facility outside the U.S., the cutting-edge plant in Jiaxing is expected to significantly increase the speed and scale in which the company can produce and distribute its products within the region while also improving Beyond Meat’s cost structure and sustainability of operations.

Designed to serve China’s growing plant-based meat market, the facility will produce Beyond Meat’s innovative range of plant-based pork, beef and poultry products, including Beyond Pork™, the company’s first innovation created specifically for the Chinese market. By producing closer to the consumer and...

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Apr 8 8:19 AM, General News


Greenleaf Foods Expands Field Roast and Lightlife Plant-Based Products at Whole Foods Market Stores

Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast, announced that it is significantly expanding its distribution at Whole Foods Market stores to meet increasing consumer demand for plant-based protein. Whole Foods Market will be the first retailer to sell the Field Roast Signature Stadium Dog and will expand its Lightlife offerings to include Lightlife Plant-Based Italian Sausages and Plant-Based Breakfast Patties in all regions nationwide.

“Whole Foods is known for its commitment to quality, wellness and sustainability, which closely aligns with our portfolio, so we’re incredibly excited and proud to...

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Apr 7 8:23 AM, General News


Plant-Based Food Sales Surpass $7 Billion, Sales Up 27% in 2020

According to the Plant Based Foods Association (PBFA), U.S. retail sales of plant-based foods continued to increase by double digits in 2020, growing 27% and bringing the total market value to $7 billion. This sales growth was consistent across the country, with more than 25% growth in every U.S. census region.

In the past two years, plant-based food sales have grown 43%, which is nine times faster than total food sales. In 2020, about 57% of all U.S. households purchased plant-based foods, up from 53% in 2019 totaling 71 million households.

PBFA also found that the value of plant-based meat, while the second-largest plant-based category, hit $1.4 billion in 2020. That represents sales growth of 45% from 2019. The plant-based meat category grew twice as fast as...

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Apr 7 8:22 AM, Urner Barry


Impossible Foods Launches First National Advertising Campaign, "We Are Meat"

Impossible Foods is launching its first national advertising campaign as the leading food tech startup accelerates growth and takes advantage of mounting economies of scale.

The campaign, titled “We Are Meat,” features TV spots with the meaty images and sizzle of the company’s award-winning burgers. Produced by Portland, Ore.-based Wieden+Kennedy, the advertisements claim that Impossible Burger, which contains no animal ingredients, is meat for meat lovers — made from plants.

The first national integrated campaign for Impossible Foods kicks off today with...

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Apr 6 10:30 AM, General News


Sweet Earth Foods Announces Three New Plant-Based Mindful Chik'n Flavors

Plant-based foods innovator Sweet Earth Foods is announcing the expansion of its best-selling Mindful Chik'n™ Strips line with the release of three new ready-to-eat seasoned offerings available this spring and summer. The new products feature flavorful, globally inspired marinades, providing hungry consumers with a quick plant-based protein option for snacking or adding to a variety of recipes.

New varieties will be available on-shelves starting in early April at stores across the country, including Whole Foods, Meijer, HEB, Ahold, Sprouts and a variety of other grocers. The products are all vegan, made using wholesome ingredients and nutrient dense; each serving includes at least 13 grams of protein and four grams of dietary fiber. New flavors include...

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Apr 5 8:26 AM, General News


LIVEKINDLY Collective Raises $335 Million in Latest Funding Round 

LIVEKINDLY Collective, a collection of heritage and start-up brands on track to become one of the world’s largest plant-based food companies, announced a successful capital raise led by The Rise Fund, the global impact investing platform managed by TPG. This round was joined by existing investor Rabo Corporate Investments, the investment arm of Rabobank, S2G Ventures, and other existing and additional mission-aligned investors.

This investment closes a growth funding round of $335 million, including $135 million converted from a prior round, bringing the total funds raised by LIVEKINDLY Collective in its first year to $535 million. With this latest investment, LIVEKINDLY Collective has become one of the top three...

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Mar 30 8:23 AM, General News


Get to Know Players in the Plant Protein Market: PURIS

As part of a new monthly series of Urner Barry plant protein reports an end of the month company profile will be released to showcase players in the plant protein market. Profiles may represent suppliers, consumer food product brands, or firms involved at other levels of the plant protein supply chain.

To date, we have covered several brands powering ahead within the ingredient and consumer product realm but have yet to dig to the roots, almost literally, and mention a firm dedicated to improving quality plant protein sources from field to plate. PURIS, a vertically integrated breeder and provider of premium seeds and further processed plant protein ingredients seeks to...

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Mar 25 8:40 AM, Urner Barry


Eat Just Closes $200 Million in New Funding to Accelerate Growth

Eat Just, Inc., announced that it has secured $200 million in a new funding round led by the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar; joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen.

The industry-leading food tech startup, which has raised more than $650 million since its founding in 2011, will add QIA and Charlesbank to its Board of Directors. BofA Securities, Inc., acted as lead placement agent and ABG, LLC, advised on the investment that will be used to build capacity for...

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Mar 24 9:05 AM, General News


OZO Debuts New Line of Frozen Plant-Based Proteins Available Nationwide at Kroger

After making its debut in the refrigerated aisle last June with the launch of OZO™, Colorado-based Planterra Foods is adding to their portfolio by making it even more convenient for families to have delicious plant-based meals at home with the launch of their frozen line offerings. Available now, consumers can add the OZO™ Smokehouse Burgers (four-3 oz patties) and Original Breakfast Sausage (six-1.67 oz sausages) to their freezer, with more frozen products coming this summer, including plant-based meatballs and plant-based chicken nuggets and patties.

The pandemic has forced people to get creative in the kitchen, and these innovative offerings are the perfect addition to weekday meals or weekend grill outs, with the option to heat and eat or freeze for later. This year, as grilling season approaches and more families come together for...

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Mar 24 8:25 AM, General News


Field Roast and Roy Choi Bring First-Ever Plant-Based Kogi Dog to Los Angeles

Greenleaf Foods, SPC, owner of Field Roast Grain Meat Co™ (“Field Roast”) and renowned Chef Roy Choi, co-host of The Chef Show and co-founder of the world-famous Kogi BBQ Truck, are teaming up to bring food lovers throughout Los Angeles a flavorful plant-based hot dog experience.

Starting today and available only via Los Angeles and Orange County-based Kogi BBQ food trucks through September, the Kogi Plant-Based Dog (aka ‘The Home Run’) features the new Field Roast Signature Stadium Dog—the first plant-based hot dog that is double smoked using maple hard wood chips—topped with...

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Mar 24 8:25 AM, General News


How COVID-19 has Changed Eating Out Over the Last 12 Months In the UK

It’s 12 months since the UK’s first COVID-19 lockdown, and one of the sectors that has been most heavily impacted is hospitality. Here, The NPD Group picks out eight eating out/eating in trends from the pandemic’s first year (March 2020 to February 2021) and suggests how they will unfold as lockdown eases. From a surge in home deliveries to the growth of collection, the rise of eating on a deal, the surge of drive-thru, treating to beat boredom, a doubling of choosing vegan and veggie options, the rise of al fresco dining and a laser-like focus on delivering the best customer service, here’s how COVID-19 has changed the way we eat out (and in).

Delivery: In the 12 months of COVID, delivery’s share of out of home eating has more than doubled

Ordering takeaway main meals for home delivery has been a big part of locked down life and, according to The NPD Group’s consumer data, spend increased...

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Mar 24 8:24 AM, General News


Burger King and Impossible Foods Announce the Canadian Launch of the Impossible Whopper

Burger King and Impossible Foods announced that, after a successful U.S. launch, the Impossible Whopper is landing in Canada. Participating Burger King restaurants across Ontario will begin serving the Impossible Whopper March 22, with a cross-Canada rollout coming on April 12.

Burger King is the first quick-service restaurant in Canada to put the award-winning, plant-based Impossible Foods patty on its menu nationwide...

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Mar 23 8:13 AM, General News


Urner Barry Releases March Emerging Plant Protein Report

The USDA February Rice Outlook report again lowered 2020/21 export forecasts by approximately 1.0 million cwt to a 93.0 million cwt total. This was the fourth consecutive month of a reduction in export value primarily linked to long-grain milled rice which is down 1.0 million cwt to 65 million cwt. Exports to Latin American buyers such as...

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Mar 18 8:17 AM, Plant Protein


Urner Barry Releases March Soy & Wheat Protein Report

In January 2021 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.05/bu from December while average soybean prices rose $0.40/bu. March front month futures, have remained fairly steady with a slight reduction for CBOT wheat and slight increased for CBOT soybeans from February rates- preserving strength from diminishing global stocks and increased export pressures. In the February oil crops outlook report, the USDA raised its forecasts of 20/2021 soybean export expectations by...

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Mar 11 8:27 AM, Plant Protein


Beyond Meat Expands Product Distribution 

Beyond Meat announced its latest expansion of product offerings at Walmart. Starting this week, within the approximately 2,400 Walmart locations nationwide in which Beyond Meat products are currently sold, Walmart will be adding Beyond Sausage Hot Italian® to the fresh meat aisle at more than 400 stores as well as expanding the frozen Cookout Classic value-pack to approximately 500 stores.

This increased distribution at Walmart is Beyond Meat’s second in the past year and is part of Beyond Meat’s effort to increase worldwide accessibility to simple, plant-based meat products made without GMOs or bioengineered ingredients. As demand for plant-based meat continues to rise, this increased distribution complements the company’s expansive retail presence at approximately...

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Mar 10 8:24 AM, General News


Food Price Surge is Unlikely to Revert

Agricultural commodity prices have surged almost 50% since mid-2020, causing concerns over food price inflation around the world and sometimes resulting in increased export taxes and quotas by producers at a time when importing countries want to import more.

Rabobank can identify four major factors driving the surge across agri commodities that will remain active in 2021: 1) US dollar weakness: Rabobank forecasts the US dollar to remain soft through 2021 (US dollar index -7% lower since mid-2020), but no further weakness is expected. 2) Weather: La Niña could extend into the US spring planting season. 3) Global demand: Good global demand (either for animal feed or storage) to continue through...

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Mar 10 8:23 AM, General News


Urner Barry Releases March Pulse Protein Report 

Purchases of North American yellow peas for Chinese pork feed formulations have contributed to yet another consecutive month of increased yellow pea prices. On February 16th, the USDA reported an average increase of $2.30/cwt to $12.30/cwt in whole yellow peas offering producers some of the...

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Mar 4 8:34 AM, Plant Protein


US Foods Spring Scoop Caters to Consumers’ Growing Interest in Well-Being, Sustainability

US Foods Holding Corp. announced the launch of Spring 2021 Scoop™, “Hungry for Better,” which features products that cater to consumers’ growing interest in dining options that support their planet, their communities and themselves. Today’s consumers are more deliberate and conscientious about their dining choices and are seeking products with simple and authentic ingredients that can also satisfy specific dietary needs. At the same time, they are also demanding products with sustainable attributes, and research shows that these consumer behaviors have only intensified since the start of the pandemic. To meet this growing need, US Foods Spring Scoop highlights 21 products that offer a well-being and/or sustainable attribute and are part of the company’s growing portfolio of products under the Hungry for Better initiative.

“With Spring Scoop, we are focusing on products that support our Hungry for Better initiative,” said Stacey Kinkaid, vice president, product development and...

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Mar 2 10:14 AM, General News


Plant-Based Food Pioneers Fry Family Food Co. Announces National Launch at Sprouts

The Fry Family Food Co., a LIVEKINDLY Collective heritage brand, launched a national retail partnership in the U.S. with Sprouts Farmers Market. Fry's has been at the forefront of the plant-based movement for decades; founded in the Fry family kitchen in 1991, the brand celebrates its 30th anniversary this year.

From today, five of Fry's top plant-based products will be available in the freezer aisle at all Sprouts locations: Chick'N Nuggets, The Big Fry Burger, Chick'N Patties, Breakfast Links and...

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Mar 2 8:21 AM, General News


Urner Barry Now Offering Plant Protein Market Coverage

Urner Barry, the leading provider of protein market news and information in the food industry, is pleased to announce new market coverage of the growing Plant Proteins sector on COMTELL.

Within COMTELL’s renowned pricing and supply data, subscribers will now see an additional market dedicated exclusively to Plant Protein market information. This new offering will showcase Urner Barry’s own Plant Protein Insider’s Reports, market commentary, relevant USDA reports and pricing, dynamic trade statistics, and a UB price quotation table.

“Urner Barry adding plant protein coverage is a natural...

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Mar 1 8:52 AM, Urner Barry


Beyond Meat Reports Fourth Quarter and Full Year 2020 Financial Results 

Beyond Meat, Inc., a leader in plant-based meat, reported financial results for its fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights

  • Net revenues were $101.9 million, an increase of 3.5% year-over-year.
  • Gross profit was $25.4 million, or gross margin of 24.9% of net revenues; Adjusted gross profit was $29.1 million, or
  • Adjusted gross margin of 28.5% of net revenues, reflecting...
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Feb 26 8:55 AM, General News


Beyond Meat Announces Global Strategic Agreements with McDonald's and Yum! Brands 

Following the release of its financial results for the fourth quarter and full year 2020, Beyond Meat announced a global strategic partnership with McDonald's and Yum! Brands to offer signature plant-based menu items.

As part of the three-year global agreement with McDonald's, Beyond Meat will be the preferred supplier for the patty in the McPlant, a new plant-based burger being tested in select McDonald's markets globally. Additionally, Beyond Meat and McDonald's will explore developing other plant-based menu items together, including options for chicken, pork, and eggs, as part of McDonald's broader McPlant platform.

The announcement further solidifies the relationship between McDonald's and Beyond Meat, which began in 2019 with the test of...

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Feb 26 8:46 AM, Urner Barry


Get to Know Players in the Plant Protein Market: Victory Hemp Foods

Over the past several years, hemp has become a common conversational item across rural and urban America with confusion over its uses, properties, and safety. In the 2014 and 2018 Farm Bills, regulations preventing the production and use of hemp by farmers, businesses, and the American consumer were relaxed, with hemp being removed from the definition of marijuana in the Controlled Substance Act (CSA). This deregulation opened the doors to startups looking to utilize hemp and its associated byproducts in creative, functional ways. One such startup, Victory Hemp Foods, took roots after...

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Feb 25 8:31 AM, Plant Protein


From Animal Meat to Fungi, U.S. Consumers Tap into A Host of Sources to Get Protein into Their Diets

The want of more protein in their diets have U.S. consumers seeking the coveted macronutrient from a variety sources, reports The NPD Group. Protein, the nutritional counterpart to fat and carbohydrates, is considered the body’s building blocks, and can be found in a long list of foods, like seafood, meat, poultry, eggs, legumes, and vegetables.

In order to get more protein into their diets, consumers are availing themselves to all of these types of foods in addition to whatever might be the trendy protein of the day, like fungi, according to NPD’s Eating Patterns in America, an annual compilation of the company’s daily tracking of U.S. consumers’ eating behaviors away from and...

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Feb 24 8:22 AM, General News


Eat Beyond Adds Plant Power to Its Portfolio and Extends Marketing Agreement

Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is making an investment in, and adding Plant Power Restaurant Group, LLC ("Plant Power") to its portfolio.

California-based Plant Power Fast Food is known as an innovator in the Quick Service Restaurant ("QSR") field with its 100% plant-based offerings and biodegradable packaging. Plant Power features a menu that ranges from burgers, fries, shakes and 'chicken' tenders - to wraps, salads, juices, raw items and...

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Feb 23 8:27 AM, General News


MorningStar Farms Offers Incogmeato Giveaway for Lent

During Lent, MorningStar Farms is offering consumers a meat-free option with products that still look and taste like meat. The versatile line-up including burger patties, plant-based ground, chik'n nuggets and more makes for the perfect swap, so it's easy to enjoy classic dishes like tacos, spaghetti bolognese or even chik'n and waffles while maintaining the Lent tradition of meatless Fridays.

"During Lent, we know people miss their hamburger on Friday night. Now, with Incogmeato, everyone can still enjoy their delicious Friday favorites the plant-based way with...

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Feb 22 8:32 AM, General News


Urner Barry Releases February Emerging Plant Protein Report 

The latest rice outlook report released by the ERS raised total domestic production estimates by 1.5 million cwt to 227.6 million (23% above previous year rates). The bulk of this change was a result of a 59-pound per acre increase in the average rice yield to 7,619 pounds. Drilling down, Texas rice yields were revised up...

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Feb 18 8:22 AM, Plant Protein


Good Catch Plant-Based Tuna Continues Expansion into Foodservice 

Keep an eye on Good Catch tuna. Gathered Foods, the makers of the plant-based seafood brand, are continuing their expansion into foodservice through a new partnership with Whole Foods Market.

Good Catch first debuted at Whole Foods in February 2019. Now, instead of just being on the shelves, it’ll be in the Whole Foods prepared food section. Retail locations in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island will be offering Good Catch’s plant-based deli-style tuna salad by the pound...

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Feb 17 10:54 AM, SeafoodNews


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...

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Feb 17 8:26 AM, General News


Eat Beyond Adds Zoglo's Incredible Food to Its Portfolio

Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has completed an investment in Zoglo's Incredible Food Corp. ("Zoglo's"), by joining its recent seed round. Zoglo's has plans to become publicly traded via reverse take over in the coming months. At the present time, Eat Beyond anticipates further increasing its interest in Zoglo's by participating in its next financing - the "go public" round.

Zoglo's has been a leading company offering kosher, plant-based products for over 25 years and is now ready to enter the mainstream market. It has a product selection of over...

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Feb 17 8:25 AM, General News


Nathan's Famous Launches Brand's First Plant-Based Hamburger Patty with Impossible Foods

Nathan’s Famous, Inc., announced its partnership with Impossible Foods to bring consumers the brand’s first gourmet, hamburger patty made from plants. The Impossible Foods patty made from plants for meat lovers adds to the Nathan’s Famous New York-themed fresh angus burger line-up.

“At Nathan’s Famous, we are always focused on offering our customers food that is memorable, craveable and instagrammable and this announcement does just that, while making our menu...

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Feb 16 10:03 AM, General News


Sysco Launches New and Exclusive, Chef-Tested Menu Concepts Through Cutting Edge Solutions Platform

Sysco Corporation, the leading global foodservice distribution company, introduced nine innovative concepts through its Cutting Edge Solutions platform. These new and differentiated products are available exclusively from Sysco and provide foodservice operators with unique menu offerings, innovative meal solutions and environmentally friendly cleaning and beverage products.

“Now more than ever, foodservice operators must provide differentiated offerings to succeed in this challenging operating environment. Sysco’s Cutting Edge Solutions platform offers...

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Feb 16 8:22 AM, General News


Urner Barry Releases February Soy & Wheat Protein Report

In December 2020 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.19/bu from November while average soybean prices rose a similar $0.20/bu. February front month futures, on the other hand, took a marginal dip from...

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Feb 11 8:20 AM, Plant Protein


PODCAST: PLNTing the Seeds - Restaurateur Spike Mendelsohn

This week on Market Digest Laura is joined by restauranteur, entrepreneur, and advocate for food and plant Spike Mendelsohn. Spike gives a glimpse of life as a restaurant owner during the pandemic, why he decided to jump into...

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Feb 2 10:30 AM, Plant Protein


Urner Barry Presents Plant Protein Insights Webinar 

The plant protein sector is developing rapidly around the globe. Innovative and unique offerings enter the market daily under increased pressure for sustainable and nutritious alternative food options. Demand for plant protein ingredients has become an important benchmark for manufacturers, ingredient providers, startups, traditional protein suppliers, and investors interested in this space.

Join Urner Barry on Thursday, January 21, as host Laura Zinger interviews...

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Jan 21 8:29 AM, Plant Protein


REPORTER: 3 Sprouting Plant Protein Brands to Watch in the New Year

2020 challenged cyclical norms across the global economy. An extended term of unwanted volatility and negative media coverage for conventional proteins became an opportunity for players in the plant protein market to thrive. Driving health and wellbeing into the focus for consumers around the globe, COVID-19 ignited a desire for increased options in food selection and further revealed preferences for sustainability and innovation. As countless entrepreneurs and investors clammer for a piece of the plant protein industry, three specialized brands have emerged with growth and...

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Dec 30 8:22 AM, Plant Protein




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