Demand for plant-based foods is on the rise. In fact, an early 2020 by Ipsos Retail Performance, as noted by The Beet, over 9.7 million Americans now follow a plant-based diet up from just 290,000 in 2004. From here, numbers could increase, as leading food companies just begin to incorporate plant-based foods, including companies like Tyson, Smithfield, Perdue, Hormel, and Nestle. Even fast food chains are jumping on the bandwagon. McDonald’s for example just announced a meatless burger called the McPlant. Pizza Hut just partnered with Beyond Meat to offer plant-based pizzas across the country. Even Burger King, Carl’s Jr., White Castle, Dunkin’, and Del Taco are offering alternative meat choices, too. Consumer good giant Unilever just set a $1.2 billion annual sales target on plant-based foods over the next five to seven years, as reported by MarketWatch. All as the company looks to capitalize on the growing number of consumers cutting back on meat and dairy consumption. Demand has become so explosive the industry could be worth $74.2 billion in the next seven years, says Meticulous Research.
“Increasing incidences of intolerance for animal protein, growing urbanization with new consumer aspirations, increasing vegan population, and significant venture investments in plant-based product manufacturers are some of the key factors driving the growth of the plant based products market,” added Meticulous Research. With the trend only getting hotter, it’s also creating sizable opportunity for companies such as Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL), Sprouts Farmers Market Inc. (NASDAQ:SFM), Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), Beyond Meat Inc. (NASDAQ:BYND), and Amazon.com Inc. (NASDAQ:AMZN).
Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL) BREAKING NEWS: Else Nutrition Holdings Inc., a provider of plant-based alternatives to dairy-based baby nutrition, announces today its plant-based toddler nutrition product will be available for purchase at Sprouts Farmers Market in February 2021.
Consumers seeking healthy plant-based alternatives for their toddlers, will soon be able to find ELSE’s complete Toddler Nutrition product in over 360 Sprouts locations nationwide. The organic formula is primarily made of almonds, tapioca and buckwheat; three core ingredients that go through a clean, all-natural process that offers the protein, carbohydrates, and fat directly from the whole plants, along with phytonutrients, fiber, vitamins and minerals nature intended to provide optimal nourishment for children. Else is free of dairy, soy and corn-syrup, and is made with non-GMO ingredients.
“Being on the shelves at Sprouts Farmers Markets is an incredible milestone for our brand,” said Ms. Hamutal Yitzhak, CEO and Co-Founder of Else. “We are appreciative of the belief and support Sprouts has shown in our line of products, as they become the first natural grocery account to distribute Else on a national level. We have our sights set on being highly accessible across the United States, and this will begin with retailers who share our values and exceptionally high standards for progressive nutrition and ‘better-for-you’ foods.”
Other related developments from around the markets include:
Sprouts Farmers Market Inc. (NASDAQ:SFM) reported results for the 13-week third quarter ended September 27, 2020. “Sprouts continues to prioritize the wellbeing of our team members and customers through our safe store operations and the wholesome foods we offer,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “Our strong financial performance in the third quarter was driven by our curation of healthy offerings, coupled with ongoing strategic changes. With each passing quarter, the progression of our strategy strengthens our conviction in our long-term growth and our ability to provide exceptional returns for years to come.”
Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), a global technology leader in the development of plant-based proteins, is pleased to announce the results from its 2020 annual meeting of shareholders held on September 17, 2020. All of the eight nominees set out in Burcon’s management proxy circular dated July 31, 2020 proposed by management for election to the board of directors at the Meeting were elected to the board. Each director elected will hold office until the conclusion of the next annual meeting of shareholders of Burcon or until his or her successor is elected or appointed, unless his or her office is earlier vacated in accordance with Burcon’s by-laws or with applicable law.
Beyond Meat Inc. (NASDAQ:BYND), a leader in plant-based meat announced the next step forward in cutting-edge innovation with the unveiling of two new versions of the Beyond Burger® which are expected to launch nationwide in early 2021. A trifecta of taste, health and sustainability, the new iterations are designed to meet consumers’ growing demand for plant-based proteins that deliver on both taste and nutrition, while featuring an enhanced meaty flavor and the craveable taste consumers love, with an even better nutritional profile. Similar to the range of nutritional options of beef currently available in the marketplace, the two versions are designed to offer more choice for consumers. The new Beyond Burgers will include the brand’s juiciest patty for the meatiest burger experience even as it delivers strong nutritional wins relative to 80/20 beef with 35% less saturated fat, as well as its most nutritious patty yet with 55% less saturated fat than 80/20 beef. Both new burgers will boast the same savory taste profile, have lower overall fat and fewer calories than 80/20 beef, and have B vitamins and minerals comparable to the micronutrient profile of beef.
Amazon.com Inc. (NASDAQ:AMZN) announced plans to open its first fulfillment center in the state of Louisiana in Carencro. The new fulfillment center, which is anticipated to launch in 2021, will create over 500 new, full-time jobs with industry-leading pay and comprehensive benefits starting on the first day on the job for employees. In the new one million square-foot fulfillment center, Amazon associates will pick, pack, and ship bulky or larger-sized customer items such as patio furniture, outdoor equipment, or rugs.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Else Nutrition Holdings Inc. by a third party. We own ZERO shares of Else Nutrition Holdings Inc. Please click here for full disclaimer.
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