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.
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.
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.