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.
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.
Next Gen Foods, a producer of alternative meats, has officially established its US headquarters in Chicago. The company has simultaneously opened a new R&D center in the city, created in partnership with The Hatchery Chicago.
A handful of plant-based categories are seeing an uptick in adoption, but a much larger portion are seeing declines in penetration, according to data from the Brightfield Group.
The chief operating officer at Beyond Meat Inc., who also previously held the position of group president of the poultry segment at Tyson Foods Inc., was suspended by the meat alternative company following a physical altercation at an Arkansas Razorbacks football game.
Rachel Dreskin came to the Plant Based Foods Association about a year and a half ago with a background in animal welfare, having served as executive director for Compassion in World Farming. After spending time with PBFA members, she noticed how they showed interest in other areas like animal welfare and sustainable agriculture.