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PlantPlus Foods Expands Americas play via Completion of Sol Cuisine Acquisition
PlantPlus Foods, LLC, the new generation of plant-based foods and a joint venture between a leading global food solutions and nutrition company, ADM, and one of the leaders in the protein sector, Marfrig, is proud to announce its portfolio expansion in North America with the completed acquisition of Sol Cuisine Ltd. (“Sol Cuisine”) following the recent announcement of their acquisition of DEW Drink Eat Well, LLC (“Hilary’s”). These strategic acquisitions further position PlantPlus Foods as an industry enabler in the plant-based space as the...
Urner Barry Releases January Soy & Wheat Report
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this January is smaller supplies, reduced domestic use, lower exports, and higher ending stocks. Seed use was unchanged at 66 million bushels, reflecting the latest estimated seed use for winter wheat plantings in the fall of 2021 reported by NASS. Projected ending stocks were raised by 30 million bushels to 628 million, down 26% from last year and the lowest level since 2013/14. The season average farm price was raised $0.10/bu to $7.15/bu based on NASS prices and expectations for prices in the remainder of the marketing year.
Globally, the 2021/22 wheat outlook is for stable supplies, decreased consumption, reduced exports, and increased stocks. Production increases in Argentina and...
Wholesale Plant-Based Protein Producers Seizing Upon Market's Insatiable Appetite for Vegan Options
The market for plant-based protein supplies is set to grow at a near-double-digit pace over the next 6-7 years, according to a new report from Meticulous Research. Accelerated by a CAGR of 9.7%, the plant-based protein market is expected to hit $23.4 billion by 2028. Another report from Market Research Future goes even further, predicting the market will grow by 10.2% CAGR through to close to $38 billion by 2027. While much of the media attention has focused on product...
Urner Barry Releases January Pulse Protein Report
As of January 11, China remains at the top of the dried pea export value chart. However, a 46% decrease in value year-over-year was noted. Meanwhile, India still holds the fifth-place spot for lentils with a 90% year-over-year decline in value. Pakistan is in the first spot for dried chickpea exports as we enter 2022, with a 13% decrease in value year-over-year.
The USDA reported that the U.S. is a net exporter of dry beans with most of the country's dry bean exports sent to Mexico and Canada. Pinto bean exports in the 2020/21 marketing year grew by...
Domino’s UK Just Launched It’s First Vegan Pepperoni Pizza At 1,200 Stores
Domino’s is celebrating Veganuary with Vegan PepperoNAY, its first plant-based pepperoni pizza in the UK made in partnership with The Vegetarian Butcher.
While US consumers might have to wait a while for vegan pepperoni to hit Domino’s, other chains are already delivering the plant-based goods. Last January, vegan brand Field Roast unveiled its vegan pepperoni which is also made with pea protein, features fat marbling to mimic its pork-derived counterpart, and is spiced with pieces of fennel, cracked black pepper, garlic, and paprika. Canadian chain...
UNLIMEAT Brings Its Popular Plant-Based Meat to the USA
UNLIMEAT, a leading meat substitute brand in Asia, is now entering the US market. UNLIMEAT launched its flagship product 'UNLIMEAT Slices' in 2019. UNLIMEAT Slices are an alternative meat entirely made from natural plant-based ingredients such as soy protein, pea protein, coconut oil, cacao powder, and rice flour. Made using the company's proprietary protein extrusion technology, they have a robust beef-like flavor and texture. The Slices have been widely praised by industry groups including the UK's FoodTech 500 and France's Monde Selection 2020, in which it won...
Adam Grogan, New President of Maple Leaf Foods Inc.'s Plant-Based Protein Subsidiary Greenleaf Foods
Maple Leaf Foods Inc., a leading North American producer of high-quality, sustainable protein, announced today that Adam Grogan will assume the role of President of its wholly-owned subsidiary, Greenleaf Foods, SPC ("Greenleaf"), effective January 31, 2022.
Mr. Grogan has been a key contributor within the Maple Leaf Foods organization for over twenty years, holding a number of critical positions, including being the company's Senior Vice President of Marketing, Innovation, Research and Development before transitioning to Chief Operating Officer of Greenleaf in...
Ilinel Food Co. Launches Casa Verde: A New Line of Plant-Based Ready-to-Eat Latin Entrees
Ilinel Food Company, founded by Guatemalan-born Harry Lewis, announced today the launch of its new brand Casa Verde: healthy, affordable, ready-to-eat entrees for consumers everywhere. Backed by one of the largest food and beverage companies in Latin America, Casa Verde is disrupting the Latin market by making traditional Latin food completely plant based. The brand will launch with four different sustainable entrees that can be ready in just 60 seconds with a stovetop or microwave: Garbanzos Al Pastor, Lentil Mole...
Donatos Expands Menu with NEW Plant-Based Pepperoni in Partnership with Field Roast™
Donatos, the #1 premium brand of delivered pizzas in the country, is ready to help customers with a very achievable New Year's resolution: eat more vegetables. The family-owned pizza brand announced it will be introducing plant-based pepperoni in partnership with Field Roast™ in nearly 170 Donatos locations starting January 1, just in time for the new year.
Field Roast™ Plant-Based Pepperoni is authentically crafted using pea protein and traditional Italian seasonings—like garlic, black pepper, fennel, anise, cayenne, and...
Odd Burger Corporation, one of the world's first vegan fast-food chains and the first to go public, today announced it has signed a franchise agreement for Victoria, its first British Columbia location, continuing its expansion plans throughout Canada and the west.
Franchisees John Bowker and Luke Ceraldi are currently seeking a site to introduce Victoria to Odd Burger's affordable, mainstream, healthy, and satisfying vegan fast food.
"Victoria is the ideal spot to begin our West Coast takeover, and our partners Luke and John are ready..."
Chipotle Launches Plant-Based Chorizo and New Lifestyle Bowls
Chipotle Mexican Grill today announced Plant-Based Chorizo is available for a limited time at U.S. locations. A new, craveable protein, Plant-Based Chorizo is made using all real, fresh ingredients grown on a farm, not in a lab. Starting today, the brand's latest menu innovation is available at U.S. restaurants and on the Chipotle app, Chipotle.com and third-party delivery partners.
The highly anticipated launch is backed by positive consumer engagement and fan excitement following a test of Plant-Based Chorizo in Denver and Indianapolis in August 2021...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: CHKN Not Chicken
Portland, Oregon-based startup CHKN Not Chicken vows that its blend of plant-based proteins and spices is real food, not a science experiment.
“We’ve been working on the recipe for CHKN Not Chicken for more than two years now. It took a lot of work to develop a product that we were all proud of and that we knew delivered on the taste and texture of chicken,” says co-founder & CEO Brian Pope. “We also wanted to ensure that the product was...
Urner Barry Releases December Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this December is for reduced supplies with unchanged domestic use, slightly lower exports, and fractionally lower ending stocks compared with November. The season-average farm price forecast for all rice is unchanged this month at $14.80/cwt, as an increase to the long grain rice forecast offset a decrease in the medium and short grain price.
The supply and use revisions have resulted in a 2021/22 ending stocks forecast of 34.5 million cwt, down 0.5 million cwt from last month and 21% less than...
NotCo Ushers in a New Golden Era of Chicken with the Launch of NotChicken™
NotCo, the fast-growing food tech company with a first-of-its-kind patented A.I. technology (named Giuseppe) that creates plant-based options that taste, feel, cook, and function just like their animal-based counterparts, today announced the debut of NotChicken™ to the Latin American market. A finishing touch to the year, the expansion into the booming plant-based chicken subcategory includes four deliciously juicy SKUs: NotChickenNuggets™, NotChickenBurger™, NotChickenBurgerCrispy™ and NotChickenFillet™.
Plant-based chicken is one of the hottest...
Beyond Meat® to Strengthen its Global Innovation Capabilities with New R&D Center
Beyond Meat, Inc., a leader in plant-based meat, today announced that it has finalized the lease for a new, state-of-the-art R&D center in Shanghai, China as part of its larger global expansion strategy. With increased capabilities in science, technology and culinary arts, it will be the company’s first dedicated R&D facility outside of the United States. The facility will serve as a hub for innovation with a world-class team of scientists and researchers focused on developing high-quality...
Urner Barry's New Market Briefing Provides an In-Depth Look at the Protein Trade Before the Holidays
Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals...
Urner Barry Releases December Soy & Wheat Report
As supplies remain tight, weather will play a key role in recovery. Participants are closely monitoring Australia as it is facing record rainfall. This could impact crop quality, putting more pressure on the system. Approximately 45% of vital wheat gluten is imported into the United States from Australia and New Zealand, so these weather events could influence planting decisions in the United States.
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this December is slightly lower supplies, unchanged domestic use, reduced exports, and...
Abbot's Butcher Ground "Beef" and "Chorizo" Certified as the First Whole30 Plant based Meat
Abbot's Butcher, the makers of premium plant-based meats, announces it has received the Whole30 Approved® certification for its Ground "Beef" and "Chorizo" products. Those who follow the Whole30 program will have a versatile plant protein that fits seamlessly into everyday recipes.
"We are proud of the Whole30 distinction and are excited to share this news with customers who are looking to add more plant-based meals in the new year," says Kerry Song, CEO of Abbot's Butcher. "Our plant-based meats are deeply flavorful..."
Analysts say McDonald's, Beyond Meat Plan Big U.S. 2022 McPlant Expansion
McDonald's Corp is planning a major expansion of its plant-based burger with Beyond Meat Inc in the United States in 2022, according to two Wall Street analysts.
The companies began testing the "McPlant" patty in eight McDonald's U.S. locations in November. Those restaurants have been selling enough of the sandwiches - as many as 70 per day - to warrant an expansion of the trial, the analysts said.
McDonald's said when it announced the tests that customers would have to wait for more updates. The company declined to provide new...
The Rise of Low-Carb, Keto, and Paleo Snack Trends
The COVID-19 pandemic has changed many aspects of consumer behavior and daily life. The grocery market experienced much faster than average growth in 2020 since people were staying at home more than usual due to remote work and schooling. Consumers are also snacking more when home more during the pandemic, and some have gained weight.
Interest in low-carb eating plans has increased as consumers are making efforts to improve their health or shed pandemic pounds. The keto and paleo diet both feature lower carb content and have a...
Hopdoddy Burger Bar Predicts 2022 Restaurant Trends
After a rebuilding year for many restaurant brands, Hopdoddy Burger Bar, a leader in the better burger space, is predicting a new year filled with opportunities and challenges brought on by greater consumer expectations, supply chain issues and the next step in the craft beer movement.
"The past year has been all about recovery from the pandemic and looking at every facet of our business — especially when it comes to top-notch suppliers — to determine where to go from here," said Hopdoddy Vice President of Culinary Operations Matt Schweitzer. "Looking forward, we are..."
Urner Barry Releases December Pulse Protein Report
According to the USDA's Vegetable and Pulse Outlook, dry bean production in the September 2020 through August 2021 marketing year is down by 31% from a year prior as nearly every dry bean producing state reported production declines. The most significant production declines were within North Dakota, Michigan, and Minnesota. Dry pea, lentil, and chickpea yields were down for the 2020/21 marketing year due to drought. Dry pea yield is down 41%, lentil yield is down 47%, large chickpea yield is down 48%, and small chickpea yield is down 57% from 2020.
Also, planted area for dry edible beans declined by 20% from 2020 with planted area levels like the 2017 crop. Pinto, black, and dark red kidneys are each down 19%, and navy beans are down...
Beyond Meat Appoints Protein Industry Veterans to Top Executive Roles
Beyond Meat, Inc., a leader in plant-based meat, today announced the appointment of two food industry veterans to its executive leadership team. Doug Ramsey joins as Chief Operating Officer following three decades at Tyson Foods where he oversaw the company’s poultry and McDonald’s businesses. Bernie Adcock joins in the newly created role of Chief Supply Chain Officer following more than three decades of experience in operations and supply chain management at Tyson Foods, and will report to Ramsey.
Ramsey and Adcock join as Beyond Meat, the #1 selling...
Urner Barry Releases November Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this November is for increased supplies with higher domestic use, lower exports, and larger ending stocks. Supplies were raised on increased rice production by 3.3 million cwt to 193.8 million cwt. The all-rice yield is projected at a record 7,765 pounds per acre, up 131 pounds from the previous estimate. Record yields are forecast for Arkansas, California, Mississippi, and Missouri.
Harvested area remains estimated at 2.5 million acres, more than 16% below a year ago. All reported states except Texas are estimated to have harvested area below a year earlier. Texas has seen a slight increase of 5% year-over-year. In the Delta, harvested area in Arkansas remains reported at...
Canadian Plant-Based Meat, Seafood Producer Launches Products in Australia, New Zealand
Plant-based food company Modern Meat, based in Vancouver announced it has finalized an agreement with Viveri Pty to produce and distribute its portfolio of meat and seafood alternatives through Viveri's distribution network located in Australia.
Modern Meat said Viveri will market and sell the plant-based options to retailers across all channels including supermarkets, natural grocers, independents and e-commerce.
"It's an exciting time for Modern Meat as we take our wholesome plant-based products to a growing market overseas, stated Tara Haddad, Founder of Modern...
Nowadays Plant-Based Chicken Nuggets Launch Nationwide
Having gained a passionate and dedicated fan base with their initial launch in California, the plant-based meat company Nowadays is now bringing their craveable chicken nuggets nationwide for the first time. Nowadays nuggets are crispy, juicy and packed with flavor, closely mimicking real chicken, but thanks to the company's proprietary technology, are made with a simple list of only seven sustainably sourced and recognizable ingredients, including organic yellow peas. Nowadays nuggets are GMO-free, soy-free, and 100% plant-based. Nowadays also uses no binders, thickeners, or artificial ingredients in their...
Packaged Facts Analyst Comments on JBS Acquisition of Cultivated Meat Company
Cultivated meat products, which are lab-grown alternatives to meat that are produced by in vitro cell cultures of animal cells, are seeing rapid product development as many consumers are increasingly looking for alternatives to meat that are better for the environment or animal welfare.
As consumers have increasingly been adopting plant-based meat alternatives in their diet, food producers have been investing in the alt-meat space (plant-based and cultivated meat products) to take advantage of massive growth opportunities. Packaged Facts projects that the U.S. market for...
Planterra Foods Reveals First-of-its-Kind Plant-Based Chicken Cutlet
Colorado-based Planterra is expanding its line of plant-based proteins to help consumers eat their best with the first True Bite™ Plant-Based Chicken Cutlet on the market from brand OZO™, as well as their new Plant-Based Chicken Shreds. What makes True Bite™ Chicken Cutlet and Shreds unlike anything else on the market is the flavor and texture, which is comparable to that of real, whole muscle chicken. These first-of-its-kind vegan and plant-based protein options will hit...
Feel Foods to Launch Plant-Based Foods E-Commerce Platform
Feel Foods LTD. announced today it is creating a new e-commerce platform with advanced logistics operations in time for the festive season.
Web developers ‘Able & Howe’ is designing the new e-commerce site with full e-commerce capabilities as well as state-of-the-art inventory control capabilities, ensuring operations are efficient, effective, and uninterrupted. Prior to the upcoming holiday season and the launch of its e-commerce platform, Feel Foods is adding more fulfillment personnel and is ramping up production of its popular, 100%...
Roquette Opens World’s Largest Pea Protein Plant
Roquette celebrated the opening of the world’s largest pea protein plant today, further extending its leadership position to meet surging global demand for alternative proteins. The new “Plant for the Future” gives Roquette the largest pea protein supply in the world alongside some of the world’s best experts in developing new plant-based foods.
“We see this as a transformational event in our history and a boost to the global plant-based food sector”, said Pierre Courduroux, CEO of Roquette. “Diets have changed considerably in recent years, and the desire for alternative proteins..."
Urner Barry Releases November Soy & Wheat Report
This month, the U.S. soybean outlook for 2021/22 is for lower production and exports, and higher ending stocks. Soybean production is forecast at 4.42 billion bushels, down 23 million on lower yields. Lower yields in Indiana, Iowa, Ohio, and Kansas account for most of the change in production. The U.S. season-average soybean price is forecast at $12.10/bu, a decrease of $0.25.
According to the USDA's Crop Progress report, soybean harvest is just about on par with the five-year average rate at 87% completion. Minnesota reported that...
Taste Republic Introduces Ravioli featuring Plant-Based Sausage from Beyond Meat®
Taste Republic continues to push what's possible for gluten-free pastas with the introduction of "Plant-Based Sausage Ravioli," featuring plant-based Beyond Sausage® Italian Crumbles from Beyond Meat® and Wisconsin cheese.
With a focus on making gluten-free pastas that go head-to-head with traditional pasta's taste and texture, Taste Republic found the perfect plant-based protein option in Beyond Meat's delicious and nutritious Beyond Sausage.
Crafted to look, sizzle and satisfy like animal-based pork, Beyond Sausage is made with simple...
Impossible Foods Expands in Retail with New Impossible™ Meatballs Made From Plants
Today, California-based Impossible Foods is debuting Impossible Meatballs Made From Plants, the company’s third new retail product in four months, as it continues to expand its presence on grocery store shelves.
Earlier this year, Impossible Foods launched ImpossibleTM Sausage Made From Plants and ImpossibleTM Chicken Nuggets Made From Plants in grocery stores and supermarkets nationwide. The company also dramatically expanded retail availability of its flagship product, ImpossibleTM Burger, which is now available in about 22,000 grocery retail locations.
Available at Walmart stores starting this...
Beyond Meat® Reports Third Quarter 2021 Financial Results
Beyond Meat, Inc., a leader in plant-based meat, today reported financial results for its third quarter ended October 2, 2021.
Third Quarter 2021 Financial Highlights
- Net revenues were $106.4 million, an increase of 12.7% year-over-year.
- Gross profit was $23.0 million, or gross margin of 21.6% of net revenues.
- Net loss was $54.8 million, or $0.87 per common share. Net loss as a percentage of net revenues was -51.5%.
- Adjusted EBITDA was a loss of $36.8 million, or -34.5% of net revenues...
Urner Barry Releases November Pulse Protein Report
On November 2, the USDA reported an average $42.00/cwt for U.S. #1 garbanzo beans compared to $52.00/cwt at the end of October. U.S. whole green peas averaged $25.83/cwt as of end-October, a slight increase of $0.83/cwt as of end-September. Prices for yellow peas remain steady at $30.00/cwt.
Government efforts to curb energy consumption and reduce carbon emissions, along with surging coal prices, are leading to outages across many of China's manufacturing hubs. Over the past week, local officials have forced factories in China to curtail operating hours or...
Buitoni and Impossible Foods Launch First-of-its-Kind Ravioli in Two Flavors
Buitoni and Impossible Foods today announced the debut of the first-ever ravioli filled with Impossible Foods' award-winning plant-based meat products at retail. Available in the refrigerated pasta aisle, the Buitoni ravioli comes in two varieties – Impossible™ Beef Made From Plants and Impossible™ Italian Sausage Made From Plants – both featuring a three-cheese blend of ricotta, Grana Padano and Parmesan for a quick, delicious family-friendly dinner. The new ravioli will initially roll out in select grocery stores nationwide, including Publix, Sam's Club...
Impossible Foods Accelerates International Expansion with Launches in Australia and New Zealand
California-based Impossible Foods has arrived in Australia and New Zealand, marking the company’s third and fourth international market launches in 14 months. Impossible Foods’ flagship product, Impossible™ Beef Made From Plants (known as Impossible™ Burger in other markets), is now available on the menus of top chefs in Auckland, New Zealand, the greater Sydney area, and nationwide across Australia at Grill’d — Australia’s leading national burger brand.
Earlier this year, Australia and New Zealand's regulatory body, Food Standards Australia New Zealand (FSANZ), approved Impossible Foods’...
Odd Burger Sees Record Sales in October
Odd Burger Corporation, one of the world's first vegan fast-food chains and first to go public, today announced record systemwide sales in October 2021 of more than $233,000, a 41 percent increase over the previous month.
The openings of new locations in Vaughan, London, Waterloo, and Hamilton ON contributed to its record success: the chain had five fully operational locations in October, plus a sixth location that opened Oct. 27. The new locations have been welcomed by the communities and have launched with tremendous success, with new locations earning an average...
VIDEO: Morning Market Roundup October 26
Urner Barry's reporters discuss factors impacting plant proteins, turkey cold storage and the shell egg market.
2022: The Year of the Climb
If 2020 and 2021 were the years that emphasized uncertainty, 2022 will be the year the foodservice industry focuses on new, ingenious solutions to head off challenges on multiple fronts. As operators across channels essentially do more with fewer resources, they’ll seek out strategies and partnerships that will help them innovate around menu shortages, labor constraints and the ever-shifting expectations and needs of the consumer.
What are some of the trends on the horizon for 2022, from the state of the industry and operations to menu optimization and enhancing the guest experience...
Urner Barry Releases October Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this October is for reduced supplies with lower domestic use, unchanged exports, and smaller ending stocks. Supplies were reduced on lower projected imports that more than offset minimally higher production. NASS increased the average all rice yield by 2 pounds per acre, to 7,625 pounds. Total domestic and residual use was decreased by 1.0 million cwt to 146.0 million on lower supplies, and ending stocks were reduced to 33.2 million cwt, down 1.0 million. The season-average farm price for all rice remains unchanged at $14.80/cwt.
Persistent rainfall across the southern United States this spring delayed rice planting and field operations, which has led to slightly slower than average harvest pace to date. For the week ending October 3...
JUST Egg's Key Ingredient Receives European Safety Approval, Paves Way for Launch
Eat Just, Inc., a company that applies cutting-edge science and technology to create healthier, more sustainable foods, announced today that the key ingredient in its popular plant-based JUST Egg products has received approval from the European Food Safety Authority’s (EFSA) expert panel on nutrition. This paves the way for the initial launch of JUST Egg to occur in Europe in mid-2022 after the European Commission concludes its review.
By participating in the European Union’s novel food process and passing the EFSA Panel on Nutrition...
Jack in the Box Launches Impossible™ Burger at Phoenix Locations
Jack in the Box Inc., one of the nation's leading QSR chains, has partnered with Impossible Foods to test its plant-based beef patty from October 18, 2021 through December 12, 2021 at participating Phoenix locations. Each restaurant will give guests the option to substitute an Impossible Burger patty for a $1 or $1.50 extra per patty for any Jack in the Box burger on the core menu, including the Bacon Ultimate Cheeseburger, Classic Buttery Jack, Jumbo Jack Cheeseburger and more. The market test makes...
Lightlife Expands Distribution at Walmart, Adds Plant-Based Burgers, Breakfast Links and Patties
Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife® and Field Roast™, announced today that its Lightlife Plant-Based Burger, Plant-Based Breakfast Links and Plant-Based Breakfast Patties are now available at select Walmart locations nationwide. The plant-based breakfast items will be sold in the refrigerated breakfast meat section, the first time the retailer will offer a plant-based option in this area of the store, and the Lightlife Plant-Based Burger will be available in the frozen aisle...
Gen Zs and Millennials Will Drive Growth of Plant-based Foods in the U.S. Over Next Few Years
The consumer demand for plant-based beverages and foods for in-home meal prep has continued throughout the pandemic. Both dairy and meat plant-based alternatives are forecast to grow through 2024, driven almost entirely by Millennials and Gen Zs, who choose these products for better health and because of their interest in sustainability, reports The NPD Group.
The deep-rooted values of Gen Zs and Millennials behind their choice of plant-based foods enabled the category to continue...
Urner Barry Releases October Soy & Wheat Report
In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this October is reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks were reduced by 35 million bushels to 580 million, which are the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season-average farm price was raised $0.10/bu to $6.70/bu on reported NASS prices to date and price expectations for the remainder of 2021/22.
Soybean supplies for 2021/22 were projected at 4.7 billion bushels, up 145 million on higher production and beginning stocks. With higher crush and unchanged exports, 2021/22 ending stocks were projected...
Asia’s Leading Plant-Based Pork Brand OmniFoods Launch at Sainsbury’s
OmniFoods announced that its 100% plant-based pork-style proteins are now on store shelves in the chilled aisles at Sainsbury’s Stores. Great Taste Award-winning OmniPork Mince and newly available OmniPork Strips are now available at 119 Sainsbury’s stores nationwide.
OmniPork Mince is made using a proprietary blend of plant-based protein from non-GMO soy, peas, shiitake mushrooms, and rice, OmniPork’s products contain less saturated fat, less calories, and zero cholesterol compared to animal-based pork products.
The innovative OmniFoods has brought its highly versatile 100%...
REPORTER: Plant Protein Manufacturers Attempt to Get the Next Generation to Jump Aboard
This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.
Can you remember sitting at the dinner table staring at those vegetables growing up—perhaps hoping they would just disappear?
Well, those vegetables now come in the form of every child’s favorite: chicken nuggets or a hamburger patty.
Plant protein continues to make headlines with new product launches and partnerships with major restaurant and retail brands. Among them are products geared towards kids...
REPORTER: The Massive Chinese Market Attracts Plant-Based Innovators
As Chinese consumers seek more protein in their diets and plant-based foods become readily available, alternatives to meat are gaining acceptance in China. Although plantbased protein currently has a small serving share compared to traditional meat in China, The NPD Group reports that awareness has reached 90%. The retention rate for plant-based proteins is on the rise, increasing from 53% in October 2020 to 68% in January 2021...
Rising Meatless Protein Investment by Food Industry Indicating Accelerating Plant-Based Demand
A new report from Bloomberg Intelligence is predicting that the global market for plant-based foods could see a fivefold growth by 2030. As the demand for plant-based dairy and meat alternatives continues to climb, the food industry is also seeing rising investment in new products and production methods, coming from a variety of ingredient and CPG manufacturers, including newly-public Nepra Foods, as well as established food industry giants such as Bunge Limited, Conagra Brands, Inc., Sprouts Farmers Market, Inc., and Archer-Daniels-Midland Company...
Greenleaf Foods Inks Deal with Whole Foods Market to Become Exclusive Plant-Based Chicken Provider
Greenleaf Foods, SPC, owner of Lightlife® and Field Roast™, is now the exclusive un-breaded, plant-based chicken provider for all Whole Foods Market prepared foods departments across North America. Whole Foods Market will be the first national retailer to offer Lightlife’s newest plant-based chicken product—an un-breaded, whole-muscle, plant-based chicken made from pea protein that’s versatile for a variety of recipes—at over 500 prepared foods departments in the United States and Canada...
Urner Barry Releases October Pulse Protein Report
On October 5, the USDA reported an average $51.00/cwt for U.S. #1 garbanzo beans compared to $40.00/cwt at the end of September. U.S. whole green peas averaged $25.00/cwt as of end-September, a slight increase of $0.84/cwt as of end-August. Prices for North American yellow peas saw an increase of $4.17/cwt last month, totaling $28.33/cwt.
After making landfall as a Category 4 hurricane in Louisiana at the end of August before weakening to a tropical storm, Hurricane Ida caused significant damage to oil and gas processing facilities, grain facilities and ports. After a two-week closure, Cargill restarted its Westwego, Louisiana, grain export terminal and unloaded its first grain barge. Also, power was restored to Cargill's heavily damaged terminal in...
Hormel Foods to Partner with The Better Meat Co. for Food Forward Alternative Protein
Hormel Foods Corporation, a global branded food company, today announced its venturing company, 199 Ventures, has entered into an exclusive partnership with The Better Meat Co. to bring new mycoprotein and plant-based protein products to the marketplace. 199 Ventures was formed in 2019 by Hormel Foods to be the company's food forward incubator, which includes investing in companies that align with Hormel Foods growth strategies.
The two companies will work together to develop the next generation of great-tasting, wholesome, and...
Burger King® Tests New Impossible™ Nuggets Made From Plants
You come to BK to have it your way – whether that’s the iconic flame-grilled Whopper®, the hand-breaded Ch’King™ sandwich, or one of the exciting new innovations on our menu like the Impossible™ Nuggets Made From Plants. Burger King will be the first global quick-service restaurant brand to test the plant-based nuggets from Impossible Foods that have the savory taste of a family favorite, with a golden-brown crispy breading on the outside and a tender, juicy bite on the inside. In short...
Beyond Meat® Introducing Plant-Based Beyond Breakfast Sausage® Links at All Big Retailers in Canada
Beyond Meat®, a leader in plant-based protein, is shaking up the breakfast game in Canada by launching plant-based Beyond Breakfast Sausage® Links in grocery stores nationwide, marking Beyond Meat’s entry into the Canadian retail breakfast category. Consumers can find the savoury plant-based sausage links at all major retailers across Canada, making it easier than ever to enjoy Beyond Meat’s delicious, nutritious and sustainable plant-based proteins any time of day.
Beyond Breakfast Sausage Links are crafted to...
Tailgate at Home in Plant-Based Style with eMeals Featuring Plant-Based Protein from Beyond Meat®
If you're planning an at-home tailgating party to cheer your favorite team to victory (hopefully!), here's a planet-friendly way to serve up the football fare we all know and love. eMeals, America's leading meal planning service, and Beyond Meat®, a leader in plant-based meat, have whipped up a Beyond Game Day Tailgating menu featuring plant-based brats, burgers and kabobs along with side dishes, drinks and dessert that will score big with your guests.
Ready and waiting to...
Beyond Meat® Announces Latest Expansion In Plant-Based Chicken Platform
Beyond Meat®, a leader in plant-based meat, today announced that following multiple successful launches of its best-in-class plant-based chicken items in foodservice, it is debuting its Beyond Chicken® Tenders (MSRP: $4.99) at select retailers nationwide in response to consumer demand.
In addition to the retail rollout of the delicious plant-based chicken tenders, Beyond Meat is also increasing its retail product distribution of other Beyond Meat products at Walmart stores in which Beyond Meat products are currently sold, making this the...
Impossible Foods Expands to the Middle East
California-based Impossible Foods has arrived in the United Arab Emirates, the company’s first market in the Middle East. Its flagship product, Impossible™ Burger, is kosher, halal and gluten-free certified, and now exclusively available on the menus of select restaurants across Dubai, United Arab Emirates, including Pickl, Sticky Rice, Akira Back and The MAINE Oyster Bar & Grill.
Beginning Friday, October 1, Impossible Burger will be featured at World Expo 2020 on select menus in the US Pavilion. The event is expected to draw more than 25 million visitors from almost 200...
Sysco Offers New and Innovative Products For Fall 2021 Through Cutting Edge Solutions Platform
Sysco Corporation, the leading global foodservice distribution company, announced today the nationwide launch of eight innovative concepts exclusively for Sysco customers through the company’s Cutting Edge Solutions platform. These chef-tested and exclusive products provide foodservice operators with on-trend menu options such as plant-based ingredients as well as innovative to-go solutions that will help them stand out in the ever-evolving foodservice environment.
“Our Cutting Edge Solutions platform helps our customers stay on-trend and ahead of the competition with new and..."
Urner Barry Releases September Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this September is for reduced supplies along with lower domestic use, unchanged exports, and smaller ending stocks. Supplies were mostly reduced on smaller production, as NASS lowered 2021/22 rice production by 6.9 million cwt to 190.5 million on decreased harvest area offsetting higher yield. The all rice yield is 7,623 pounds per acre, up 79 pounds from the previous forecast, and the third highest on record. Projected 2021/22 all rice ending stocks were reduced by 3.1 million cwt to 34.2 million, down 22% from a year ago. The all rice season average farm price for 2021/22 has increased $0.10/cwt to $14.50/cwt.
Persistent rainfall across the southern United States this spring delayed rice planting and field operations, which has led to slightly slower than average harvest pace to date. For the week ending September 5, 28% of the U.S. 2021/22 rice crop was reported harvested, 3% above...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Dao Foods
Dao Foods is a China-focused impact investment firm whose goal is to ultimately “reduce the consumer demand for industrial animal agriculture” through fueling startups “who are targeting the 400 million millennials in China with new, exciting, and delicious plant-based proteins”. The firm was founded by seasoned investors Tao Zhang and Albert Tseng alongside Beyond Meat investor New Crop Capital and the Good Food Institute.
In October 2020, Dao Foods announced a 3-year plan to invest in 30 Next-Gen Good Food Ventures using...
Zoglo's Incredible Food Corp. to List Products with FreshCo
Zoglo's Incredible Food Corp. is pleased to announce the listing of its IncredibleTM plant-based product line with FreshCo Ltd. ("FreshCo"), broadening its retail footprint in the Canadian market. All of Zoglo's IncredibleTM line which includes consumer favourites such as chicken strips, meatballs and burgers will be available in 96 FreshCo supermarkets across Ontario.
FreshCo, a subsidiary of Sobeys Inc., launched in 2010 with a focus to provide the best low-price grocery shopping experience by offering quality fresh food at low prices, in a bright, easy-to-navigate store and...
Banza Teams Up With Beyond Meat® and Follow Your Heart® to Launch Two New Pizzas
Banza, the rapidly growing maker of chickpea-based comfort foods, today announced that two new varieties of its chickpea pizza are hitting shelves nationwide starting this month. Joining Banza's line of high-fiber, high-protein chickpea pizzas are Supreme, a spin on a traditional sausage pizza featuring Beyond Sausage® Italian Crumbles, and Plant-Based Cheese, a vegan pie made with Follow Your Heart® dairy-free cheese.
The new pizzas offer the same nutritional benefits as Banza's original pizza varieties — more protein...
Lightlife Debuts Breakthrough National Campaign, ‘Simple Ingredients for a Full Life’
Lightlife®, owned by Greenleaf Foods, SPC, today unveiled a new integrated marketing campaign that illustrates the company’s belief in simple, delicious, plant-based food. The 30-second spots, aptly named “Thrive” and “Inside,” will air across a variety of television, online video and social channels in North America, and feature the distinctive voice of award-winning actor Awkwafina. Set against breathtaking nature scenes, the films encapsulate Lightlife’s ethos in living well, eating clean, and keeping things simple.
“At Lightlife, we believe that eating delicious, clean food and keeping..."
New Plant-Based Protein Options Needed to Capture the Meat-Lovers Market
When Burger King launched its Impossible Whopper nationwide in collaboration with Impossible Foods back in the summer of 2019, it marked the beginning of wave of efforts from restaurant chains and CPG manufacturers to court the shopping dollar of vegans, vegetarians, and part-time vegetarians known as "flexitarians". But now two years later, the market is seeking the approval of meat-lovers as well—not just the veggie-inclined. Today, vegan meat is appearing on menus 1,320% more than since the global health crisis began...
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
US Foods Holding Corp. announced the launch of Fall Scoop, the company’s 10th annual edition of Scoop. Themed, “Next-Gen Ideas for Next-Gen Diners,” Fall Scoop features 23 products that cater to the next generation of diners, Gen Z and Millennials. More than half of the nation’s total population are now members of the millennial generation or younger, making them the largest age group of diners who can drive important revenue opportunities for operators. This generation of diners is different than their predecessors – they want familiar menu items with a twist, sustainable and meatless items, and social media-worthy presentations. Fall Scoop products deliver on these demands to entice, attract, and delight this younger generation of dining enthusiasts and help operators “Make It.”
“We’re bringing fresh ideas to our operators that provide the labor savings and versatility they need today with the innovation they’ll need moving forward as they cater to the next generation of diners,” said Stacey Kinkaid, vice president, product development and innovation, US Foods. “To support our Fall Scoop theme...
Benson Hill Announces Closing of Acquisition of Soy Crushing Facility Assets
Benson Hill, Inc., a food technology company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine announced the closing today of its acquisition of a soybean crushing facility in Seymour, Indiana.
This investment, announced on September 13, 2021, will further solidify the Company’s position in the value chain to support production of a robust portfolio of proprietary, non-GMO, identity...
Zoglo's Incredible Food Corp. to List Products with Leading North American Retail Co-operative
Zoglo's Incredible Food Corp. is pleased to announce the listing of its IncredibleTM plant-based product line with Calgary Co-operative Association Limited, solidifying its retail footprint in the Alberta market. The entirety of Zoglo's IncredibleTM line which includes consumer favourites such as chicken strips, meatballs, and burgers will be available in all 22 Calgary Co-op. supermarkets in the Calgary metropolitan area.
Calgary Co-op. is one of North America's largest retail co-operatives with over 440,000 members. They ranked 8th in sales among all...
Urner Barry Releases September Soy & Wheat Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this September is for reduced supplies and slightly higher domestic use with decreased imports. Projected 2021/22 ending stocks were reduced 12 million bushels to 615 million and are 27% below last year, the lowest in eight years. Also, the projected 2021/22 season-average farm price is lowered $0.10/bu to $6.60/bu on reported NASS prices to date and price expectations for the remainder of the crop season.
Globally, wheat supplies are projected to increase by 7.1 million tons for a total of 1,072.8 million. This increase is due to a combination of larger beginning stocks for Canada, the European Union, and India, with higher production for...
VIDEO: Morning Market Roundup September 14
Urner Barry's reporters discuss the plant fire at JBS, weather affecting plant proteins, and chicken wing prices.
Zoglo's Incredible Food Corp. Adds Consumer Packaged Goods Executive Bill Ivany To Board
Zoglo's Incredible Food Corp. is pleased to announce the addition of Bill Ivany to Zoglo's Board of Directors effective September 13, 2021.
Bill Ivany is a seasoned Food Industry executive with experience leading and overseeing sales, operations, and supply chain departments of international consumer packaged goods organizations and brands. Mr. Ivany has held multiple leadership roles with companies such as Melita Canada, Marsham International Food Brokers and Kehe subsidiary, Tree Of Life Canada, over his 35-year career.
"It is an honour to be serving on the..."
Zoglo's Incredible Food Corp. Adds Canadian Food Industry Icon David Jeffs to Board of Directors
Zoglo's Incredible Food Corp. is pleased and honoured to announce the addition of Canadian Food Industry expert, David Jeffs, to its Board of Directors.
David Jeffs has enjoyed a 28-year career with Loblaw Companies Limited fulfilling numerous senior level positions, including President, Westfair Foods, and Executive Vice President, Loblaw Companies - National Retail. David has spent his most recent years leading major efforts with the Perennial Group of Companies, the Performance Sports Group, US Foods, and Sobeys Inc. He is also currently active in...
Urner Barry Releases September Pulse Protein Report
On September 7, the USDA reported an average $40.00/cwt for U.S. #1 garbanzo beans compared to $36.00/cwt at the end of July. U.S. whole green peas averaged $23.00/cwt as of mid-August, an increase of $3.00/cwt as of end-July. Prices for North American yellow peas saw a slight decrease in the last month, totaling $24.16/cwt.
Hurricane Ida made landfall as a Category 4 hurricane near Port Fourchon, Louisiana on August 29, before weakening to a tropical storm. Energy companies began evaluation of facilities hit by the storm last week, as widespread power outages and...
CHKN Not Chicken Announces Series A Funding to Accelerate Retail and Food Service Distribution
CHKN Not Chicken, the plant-based chicken alternative announced today the closing of a Series A round of funding led by Stray Dog Capital. The company will leverage the financing to launch its product assortment into retailers across the U.S. and expand partnerships with Quick Serve and Casual Dining restaurants to bring plant-based chicken products to the food service channel. This launch is the culmination of two years of research and development of its proprietary extrusion, flavor-infusion, and enrobing technology that allows...
San Francisco 49ers and Levi's Stadium Run New Menu Option Play: Incogmeato by MorningStar Farms
San Francisco 49ers games at Levi's® Stadium this season will feature a new way for fans to tackle hunger as Incogmeato® and MorningStar Farms® have been named the first-ever official plant-based protein of the NFL franchise.
The in-stadium experience keeps getting better at the home venue of the 49ers, with a new menu of next-generation plant-based protein that looks, cooks and tastes just like the real thing. From sizzling burgers to brats and sausages...
Impossible Foods Launches Chicken Nuggets Made From Plants
Impossible Foods announced the launch of its newest product – Impossible Chicken Nuggets Made From Plants – marking a major milestone in consumers’ preference for plant-based products.
Now available through major foodservice distributors, Impossible Chicken Nuggets will appear today on the menus of top chefs across the country, including at David Chang’s fried chicken concept Fuku in New York City; Marcus Samuelsson’s comfort food eatery Red Rooster in Harlem and Miami; Sean Brock’s fast-food tribute Joyland in Nashville; Tal Ronnen’s Los Angeles hotspot Crossroads Kitchen; and...
VIDEO: Morning Market Roundup August 31
Urner Barry's reporters discuss turkey production, liquid eggs, and plant proteins.
ZENB Expands Leadership And Accelerates Plans To Bring Innovation To The Plant-Based Food Industry
As consumers continue to look for alternative meal plans that ensure a healthier lifestyle and contribute towards a healthier planet, ZENB, a direct-to-consumer, plant-powered brand is giving people a new understanding of just what plants can do. With seasoned brand storyteller Hugo Pérez appointed as Vice President of Marketing, ZENB is looking to carve out a leadership position in the plant-based food industry over the next 3 years, relying on a robust pipeline of products being developed with...
Nabati Foods Launches Plant-Based Liquid Eggs in the U.S.
Nabati Foods Global Inc., a plant-based food technology company offering whole, natural, plant-based foods for consumers, is launching Nabati Plant Eggz™, its plant-based liquid egg product, in the United States, on August 30, 2021.
The product is available online at Nabati.ca for $6.99 (USD) and is also available as part of VegNews’ deal of the week. The deal includes two bottles of Nabati Plant Eggz™ and two bags of Nabati Cheeze (one mozzarella style and one cheddar style), which can be purchased for...
PlantX Announces Q1 2022 Financial Results
PlantX Life Inc. (the "Company" or "PlantX") is pleased to announce its interim unaudited condensed consolidated financial results for the three months ended June 30, 2021. All amounts are reported in Canadian dollars unless otherwise stated.
First Quarter 2022 Highlights- The Company generated gross revenue of $4,089,705 for the three month period ended June 30, 2021, an increase of $3,956,815 from the gross revenue generated in Q1 2021.
- Cost of sales for the three months ended June 30, 2021 was $2,952,592.
- Net loss was $10,283,084 of which $5,937,614...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Barvecue
‘Plant-based’ and ‘barbecue’ may not go hand in hand yet, but a bold and tight-knit team of innovators are making changes in the barbecue belt. "In September, we will open the world's largest plant-based smokehouse, Barvecue's Carolina Smokehouse," says Lee Cooper, founder, and CEO of Barvecue. Since its inception in 2017, Barvecue has been a family affair, nestled in the lush greenery of North Carolina developing plant-based barbeque meats. The mission? “To create the best tasting plant-based barbecue on the market while building a company that cares about people, animals, and the planet," says Cooper.
Barvecue offers chopped and pulled plant-based barbecue meat, lovingly smoked using a fragrant blend of local woods. The chopped Barvecue variety is gluten free while the pulled is not, and both varieties are...
Lightlife and Pizza Pizza Partner to Add Plant-Based Chicken to the Menu
Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast announced a partnership with Canadian pizza chain and quick-serve restaurant leader, Pizza Pizza. Available now, Pizza Pizza is expanding its plant-based menu offerings by adding plant-based chicken items for the first time, including a Lightlife Plant-Based Chick’n Sandwich and Plant-Based Chick’n Bites.
“Lightlife is excited to partner with Pizza Pizza to offer consumers something they can enjoy without compromise: a delicious and satisfying breaded plant-based chicken made with simple ingredients they can feel good about,” said Dan Curtin, President of Greenleaf Foods, SPC.
For over 50 years, Pizza Pizza has been serving Canadians using...
Planterra Foods Announces New Office and R&D Innovation Center in Lafayette, CO
Planterra Foods is proud to announce the opening of its new headquarters in Lafayette, CO with a new office space and R&D Innovation Center to continue its mission of sharing the delicious taste of plant-based food with the world. With the opening of the new Planterra office and R&D Innovation Center, the company looks forward to continuing its purpose of feeding future generations and making a positive impact on the world.
The new location will result in incremental employment and new opportunities to grow...
Chipotle Tests Plant-Based Chorizo in Select Markets
Chipotle Mexican Grill today announced its latest menu innovation, Plant-Based Chorizo, is in test in Denver and Indianapolis. Plant-Based Chorizo is the brand's first new plant-based protein option since the debut of Sofritas® in 2014.
All Plant-Based, For RealOver the past year, Chipotle's culinary team has worked relentlessly to develop a Plant-Based Chorizo recipe that aligns with the brand's industry-leading Food with Integrity standards and delivers a craveable plant-based protein using only real ingredients.
Chipotle's breakthrough new Plant-Based Chorizo has the...
Urner Barry Releases August Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this August is for reduced supplies along with lower domestic use, higher exports, and smaller ending stocks. All rice production was reduced by 2.0 million cwt to 197.4 million, all on lower yields. The all rice yield is 7,544 pounds per acre and is down 76 pounds from the previous forecast. Projected 2021/22 all rice ending stocks were reduced by 4.0 million cwt to 37.3 million, down 15% from a year ago. The all rice season average farm price for 2021/22 has increased $0.10 per cwt to $14.50.
According to the USDA's Rice Outlook for August, persistent rainfall across the South continues to delay crop progress, field operations, and harvest in much of the region. For the week ending August 8, 74% of the U.S. 2021/22 rice crop was reported...
The Makers of Happy Little Plants Brand Launch Plant-Based Pepperoni Style Topping
For any pizzeria or restaurateur looking to add plant-based pizazz to their pizzas, Hormel Foods is introducing Happy Little Plants pepperoni style topping. Everyone should be able to enjoy the experience of pepperoni pizza. Our plant-based pepperoni-style topping will impress both plant-lovers and pork enthusiasts.
"Our team worked closely with pizzerias, chefs, foodservice operators and pizza experts to develop a plant-based pepperoni style topping that...
Plant-based Foods Market to Hit $162 Billion in Next Decade, Projects Bloomberg Intelligence
The plant-based foods market could make up to 7.7% of the global protein market by 2030, with a value of over $162 billion, up from $29.4 billion in 2020, according to a new report by Bloomberg Intelligence (BI). The report Plant-Based Foods Poised for Explosive Growth identifies growth expectations for the plant-based foods market through 2030, as global animal and dairy protein demand is poised to reach $1.2 trillion by then.
According to the new report...
Broadline Shipments of Plant Proteins to U.S. Pizza Operators Jump in Q2 2021
Pizza has repeatedly ranked in the top foods ordered at U.S. restaurants. According to The NPD Group, in the quarter ending June 2021, there were 1.2 billion servings of pizza ordered, up +4% from the same quarter last year. An aspect of pizza’s popularity is that it can be customized to serve many different tastes and needs, like the growing interest in plant-based proteins. Units of plant-based protein meat analogues and ingredients shipped from broadline foodservice distributors to pizza operators increased by +56% in the second quarter compared to a year ago, reports NPD.
There is a lot of attention in the marketplace and media about plant-based foods, but there is also interest in these foods from consumers, chefs, and restaurant operators. Based on NPD research, about 20% of consumers say...
Zoglo's Incredible Food Corp. to List Its New Product Line with Walmart Canada
Zoglo's Incredible Food Corp. announced that it will be listing its plant-based food products from its new Incredible product line in select Walmart Canada locations across the country.
Founded in 1994, Walmart Canada is part of Walmart Inc.'s International portfolio, with 408 retail locations including...
Urner Barry Releases January Soy & Wheat Report
Urner Barry Releases January Pulse Protein Report
SAVE THE DATE! Announcing Urner Barry’s 2022 Executive Conference
Urner Barry's Winter 2022 Reporter Issue Released; Read It Online For Free Now
Urner Barry Releases December Emerging Plant Protein Report