Leading the Series A funding round was Unovis, an early backer of Oatly and Beyond Meat, with participation from Bessemer Venture Partners, AgFunder and KBW Ventures.
The New York-based Specialty Food Association (SFA) Trendspotter Panel has predicted that alternative seafood products will be among the top trends in specialty food in 2023.
A further deceleration in plant-based meat alternative sales has impacted Beyond Meat, Inc., leading to a greater loss than during the same period for the previous year.
Beyond Meat, Inc. is laying off approximately 19% of its workforce and has further reduced its fiscal 2022 sales outlook to a range of $400 million to $425 million. The company is scheduled to release its third-quarter financial results on Nov. 9.
Arlington, Va.-based FMI – The Food Industry Association has extended its highly successful “Power of” series of studies to include plant-based. The following are ten things for retailers to keep in mind while planning their plant-based growth.
The plant-based food industry has exploded in the past decade, but COVID caused or, at the least, revealed some challenges to the category’s future growth. To help shed some light on where it’s headed, Arlington, Va.-based FMI – The Food Industry Association has extended its highly successful “Power of” series of studies to include plant-based.
While pulse proteins have gained prominence, there’s plenty of protein power and health benefits to be found in nuts as well. Blue Diamond, for example, offers almond flour, protein powder, inclusions and butter that can each provide unique benefits to a formulation.