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.
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.