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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..."
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...
Beyond Meat Launches Beyond Chicken Tenders at Restaurants Nationwide
Beyond Meat, a leader in plant-based meat, launched its new, awarding-winning Beyond Chicken® Tenders. Crafted to look, cook and taste like traditional chicken tenders, the plant-based Beyond Chicken Tenders are breaded for a crispy outside and tender bite. Starting today, consumers can find the latest product from Beyond Meat at select restaurants across the country.
Consumer demand for chicken is continuing to skyrocket. As restaurants are rebounding while struggling to meet soaring consumer demand, Beyond Meat is offering a plant-based option for...
Mycelium-based Meats Developer Meati Foods Secures New Funding
Meati Foods, a Public Benefit Corporation leading the fast-paced emergence of a new category of clean, whole-cut alternative meats announced the closing of its $50 million Series B – a major source of momentum that will further expedite Meati's efforts to scale production capacity and launch their products at a national scale next year.
The significantly oversubscribed round was co-led by new investor BOND and long-time Meati investor Acre Venture Partners. They were joined by other existing investors, including...
Urner Barry Releases July Pulse Protein Report
On July 1, the USDA reported an average $33.00/cwt for U.S. #1 garbanzo beans compared to $30.00/cwt at the end of May. This represents a month-over-month decrease of $3.00/cwt. U.S. whole green peas averaged $13.33/cwt as of late June, an increase of $2.83/cwt as of end-May. Prices for North American yellow peas have started to increase, with the USDA reporting an increase of $2.50/cwt from early June, totaling $17.50/cwt.
While the pandemic has had a negative impact on the foodservice industry and there were...
Awareness and Retention Rate for Plant-Based Protein on the Rise in China
According to China Plant-based Protein Topical Report from The NPD Group, plant-based proteins are gaining acceptance in China as Chinese consumers seek more protein in their diets, and plant-based foods become more available and appealing. Although plant-based protein currently has a small serving share compared to meat proteins in China, awareness has reached 90%; and the retention rate for plant-based proteins is on the rise, increasing from 53% in October 2020, to 68% in January 2021.
“There is no doubt that consumers in China view plant-based proteins as healthier alternatives to traditional meat protein,” said Gimantha Jayasinghe, Senior Vice President of APAC Foodservice at The NPD Group. “Though these products have a long way to go in terms of...
Grubhub Releases Third Annual State of the Plate Report
As we approach a new normal and restaurants reopen, there's a lot to look forward to for the rest of the year. Before looking ahead, let's rewind to see how diners ate their way through the last six months. Grubhub, part of leading global online food delivery marketplace Just Eat Takeaway.com, launched the third annual "State of the Plate" report. Looking at trends from hundreds of thousands average daily orders, Grubhub's mid-year report checks in on what has shaped 2021 thus far, including the top trending foods, popular restaurants across the country, and what we can expect to see more of in the second half of the year.
Unlike 2020, diners opted for the plant-based versions of delivery classics so far in 2021. And while last year's top food, the wildly popular...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Atlast Food
Stephen Lomnes, a very “fun-gi” and President of Atlast Food, said, “We are scaling up very fast to “meat” the tremendous demand we’re seeing from our products.” Atlast Food was founded in 2020 and is a spin-off of Ecovative, a leader in the mycelium-based biomaterials sector. After successfully procuring $40 million in their latest round of investment seeking, Atlast is certainly making the most out of mushrooms. That is where MyBacon comes in.
“We believe that nature has already created the best plant-based meats with gourmet, exotic mushrooms that have been growing in the wild for thousands of years. However, these particular exotic mushrooms that mimic the taste and texture of meat are often hard to find, only grow during...
The Fried Chickin' Sandwich Goes Plant-Based this Summer at Veggie Grill
Veggie Grill has launched its Crispy Buffalo Chickin' Sandwich for a limited time only. From June 30 – July 27, guests can grab this classic crispy treat with all of the flavor and none of the meat. The sandwich features Crispy Chickin' topped with creamy ranch, buffalo sauce, pickles, lettuce and tomato, all layered between a warm toasted brioche bun.
"We believe our plant-based Crispy Buffalo Chickin' Sandwich rivals any other fried chicken sandwich offered on the market," said T.K. Pillan, founder and executive chairman, Veggie Grill. "All our menu items...
VIDEO: Morning Market Roundup June 29
Urner Barry's reporters discuss hog slaughter, boxed beef cutout, and plant proteins for the grill.
Conagra Brands Launches Extensive Summer Line-up of New Product Innovation
Conagra Brands is kicking off summer with additions to the company's portfolio. From meals and sides to new plant-based offerings, Conagra's latest foods deliver great taste, convenience, and value.
A Fresh Look at Frozen
Conagra offers a collection of brands within single-serve frozen meals, with new dishes coming from Healthy Choice®, Banquet®, Marie Callender's ® and...
DoorDash and Beyond Meat Introduce Limited Edition Summer Grilling Kits for On-Demand Delivery
DoorDash announced a partnership with Beyond Meat, a leader in plant-based meat, to offer limited-edition, July 4th grilling kits to help customers host the ultimate BBQ featuring the new Beyond Burger®. The kits are available exclusively on DoorDash for on-demand delivery from DashMart, a new type of convenience store owned, operated, and curated by DoorDash.
As many people prepare for a summer of grilling and gathering, the kit also provides a seamless way for consumers to get their grilling essentials without taking a last-minute trip to the grocery store. According to a national consumer survey that polled 1,000 U.S. adults...
General Assembly Pizza and Impossible Foods Kick Off Relationship with Impossible Pizza Launch
General Assembly Holdings Limited launches the new Impossible Pizza. The naturally leavened pie features a New York-inspired flavour profile and fennel-spiced Impossible™ product, made from plants. The collaboration marks Canada’s first wood-fired Impossible Pizza experience and kicks off a multi-channel brand relationship. The Impossible Pizza will be available to Torontonians at GA Pizza’s waterfront patio location—a summer-long satellite restaurant at Harbourfront Centre’s The Slip.
Khaleed Juma, GA Pizza’s Chief Marketing Officer, is ecstatic about the synergy between the brands, and says: “The relationship between GA Pizza and Impossible Foods paves the way for a new wave of menu innovation. Our Pizza People are hungry for flexitarian options that don’t sacrifice quality, nutrition, and most importantly...
Livekindly Collective Launches in China with Two New Brands
Livekindly Collective, a collection of brands on track to become one of the world’s largest plant-based food companies, announced its launch in China with two new flagship brands, Giggling Pig and Happy Chicken. Both have been developed and manufactured locally to cater to Chinese consumer tastes and are the first brands created in-house by Livekindly Collective.
The two new brands cover a portfolio of seven innovative plant-based products based on beloved Chinese dishes, including...
Wendy's Introduces New Spicy Black Bean Burger
Wendy's is spicing up its Made to Crave premium sandwich line with the addition of a new plant-based sandwich, the Spicy Black Bean Burger. Beginning June 28, consumers in Columbus, Pittsburgh and Jacksonville can purchase a Spicy Black Bean Burger bite while supplies last.
"Our Made to Crave menu is a destination for customers seeking bold ingredients and flavor innovation," said Carl Loredo, U.S. Chief Marketing Officer for The Wendy's Company. "With that spirit, we're bringing forward an incredibly tasty Spicy Black Bean Burger to this line-up in three select markets. Consumers are demanding plant-based sandwiches, and...
Taco Bell Tests a Naked Chalupa With a Plant-Based Shell
The introduction of the Naked Chicken Chalupa at Taco Bell changed the fried chicken game. Now, Taco Bell is looking to reinvent its own game-changing invention in the chicken wars by testing a plant-based shell alternative. Meet the Naked Chalupa with a Crispy Plant-Based Shell, a new menu innovation for vegetarian and veggie-curious consumers.
This latest shell innovation challenges the status quo of what vegetarian mashups look and taste like. Thanks to the masterminds of the Taco Bell Test Kitchen, the newest specialty is made from a pea protein-based proprietary blend that's breaded, shaped into the unique Chalupa form and then crisped to order. The shell is certified vegan by the American Vegetarian Association and proves...
Urner Barry Releases June Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this June is for smaller supplies along with unchanged domestic use and exports, and reduced ending stocks. The 2021/22 U.S. rice crop remains projected at 203.6 million cwt, down about 11% from a year ago, but well above...
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
Urner Barry's Fall 2021 Reporter Issue Released; Read It Online For Free Now
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The Executive Conference is Back and Better Than Ever This Year—and There's Still Time to Register!
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