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.
Hoxton Farms raised $22 million in a Series A round for a new pilot facility to produce cultivated animal fat. The 13,000 square-foot startup facility will operate in London.
Roquette is launching a new line of organic pea ingredients, including organic pea starch and organic pea protein. The ingredients are produced at the company’s plant in Portage la Prairie, Man., and feature peas sourced in a network of organic growers from Canada.
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.
Gluten-free flours, keto-friendly ingredients and ancient grains all have boosted bread sales in past years. What’s next? How about seaweed that gives bread nutritional and environmental benefits.
Planterra Foods, a plant-based meat business owned by JBS SA, Sao Paulo, Brazil, is ceasing operations in Lafayette, closing its manufacturing facility and laying off its entire staff.