Plant Based
Featured Plant Based Content
Daring Foods Acquired by v2food With Ajinomoto Investment
Plant-based poultry producer Daring Foods has been acquired by Australian alt-protein company v2food, with backing by Ajinomoto Co, Inc. Financial terms of the transaction were not disclosed. Jeff Gendelman, CEO of Daring Foods, told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels.
Misha’s Acquires Vertage: Dairy-Free Cheese Consolidation
Misha’s, Inc. is expanding its portfolio of premium dairy-free cheeses with the acquisition of Vertage in a deal that leverages Vertage’s partnership with Fresh Del Monte Produce, providing access to its comprehensive logistics network and capabilities. Terms of the deal were not disclosed. “By integrating Vertage’s expertise and leveraging Fresh Del Monte’s infrastructure, we’re not… Read more »
Green Circle: Are Plant-Protein’s ‘High’ Costs Overstated?
A new report by Green Circle Capital Advisors is arguing that perception around plant-based protein costs being higher than their animal-based counterparts is inaccurate once you consider the actual protein content of meats and dairy products.
Additional Content
Bel Group Plows Under Plant-Based Cheese Brand
French dairy conglomerate Bel Group has decided to shut down its plant-based cheese brand Nurishh after four years on the market. The business will close by the end of the year, with Bel citing challenges to make it a profitable and sustainable part of the portfolio.
CPG Week: Meati and Beyond Meat Go From Sizzle to Fizzle. Plus, Danone’s Latest Deal
On this episode, the CPG Week podcast team digs into the declines of two prominent plant-based brands before discussing the acquisitions of Mary’s Gone Crackers and Kate Farms. Next, the hosts highlight the latest celebrity to launch a coffee brand. (Maybe a hot sauce would have been more appropriate?).
The De-Evolution of the Alt-Meat Revolution
The novelty of a “bleeds-like-meat” burger seems to have worn off for consumers, investors and the industry alike. As CPGs at-large turn to formulate with simpler and shorter ingredient decks, the meat alternative category is following along.
Step Inside Wicked Kitchen’s New Home
Wicked Kitchen is on a mission to do for plant-based foods what Annie’s did for organics. Here’s how its new owners plan to help.
CPG Week: Reading The Earnings Report Tea Leaves, Whole Foods’ Daily Shop
The Nosh and BevNET team talks cereal struggles, energy drink earnings, up-and-down reports from plant-based industry leaders and Whole Foods’ newest attempt at a smaller footprint store concept.
As Plant-Based Burgers Stall, Could Vegan SPAM Be The Answer?
Plant-based meats are branching out from the early success of ground meat and are seeing opportunity in commodity meat and seafood where the deli and canned food categories remain strong bets during periods of economic downturn.
Vegan Food Company Pangea Partners with H Mart for U.S. Launch of Plant-Based Patties
Pangea Natural Foods has launched a pilot partnership with H Mart stores in Texas as part of a larger goal of expanding its plant-based patty business internationally.
Beyond Meat Settles With Investors On Derivative Suit Amid Ongoing Don Lee Litigation
Beyond Meat has settled a lawsuit, filed by a group of its stockholders in March 2020 alleging the company’s senior management team, including co-founder and CEO Ethan Brown, former executive chairman Seth Goldman and former CFO Mark Nelson, “breached their fiduciary duties.” The litigation was a derivative action related to an ongoing legal dispute brought against the company by its former co-packer, Don Lee Farms.
Mikuna Foods Raises Funds With “Mission-Aligned” Investors To Boost Chocho Awareness in U.S.
Mikuna Foods is looking to introduce Americans to Ecuadorian plant-protein ingredient chocho, announcing today the closing of a $5.6 million seed funding round backed by a “mission-aligned collective of private individuals.” The California-based company plans to use the capital to scale operations, expand its supply network and drive brand awareness.
IPES Food Study Says Fake Meat Won’t Save The Planet
The International Panel of Experts on Sustainable Food Systems released a new report last week challenging the “silver bullet” sustainability solutions often touted by leading alternative-protein companies. The comprehensive 104-page report, titled “The Politics of Protein,” aims to contextualize eight of the “most contested” and “potentially misleading” sustainability problem and solution-related claims, into the broad realm of the global food system.