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. “It’s not up to us to decide for people what they want to eat, but it is up to us to make healthier and plant-based options accessible to all. These are bold, stretching targets which demonstrate our commitment to being a force for good,” said Hanneke Faber, president of Unilever’s food and refreshment division. Unilever is one of many companies making the jump. McDonald’s for example just announced that it will offer 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.
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), Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), Beyond Meat Inc. (NASDAQ:BYND), Amazon.com Inc. (NASDAQ:AMZN), and Sprouts Farmers Market Inc. (NASDAQ:SFM).
Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL) BREAKING NEWS: Else Nutrition Holdings Inc., the plant-based baby, toddler and children nutrition company, is pleased to announce that its Plant-Based Complete Nutrition for Toddlers was ranked the number one (top) selling product on Amazon’s Hot New Releases in the Baby and Toddler Formula Category. As of November 17th, the product’s single and 4-pack varieties took the first and second spots on the list respectively.
“We are overwhelmed with excitement by the demand we are seeing for our Toddler Nutrition on the Amazon platform," said Mrs. Hamutal Yitzhak, CEO and Co-Founder of Else. “The strong uptake confirms that U.S. parents are looking for novel healthy nutrition alternatives for their children.”. This response echoes the consumer feedback we have been receiving via our online store and brick and mortar retail channels,” she added.
Else Nutrition announced earlier this week that is has commenced shipment of its product with KeHE Distributors. Just in time for the holiday season, Else’s Plant-Based Complete Nutrition for Toddlers will be on the shelves of numerous U.S. retail stores, including a soon-to-be announced, national grocery chain.
Other related developments from around the markets include:
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.’s (NASDAQ:AMZN) Amazon Web Services Inc. announced the general availability of AWS Network Firewall, a new managed security service that makes it easier for customers to enable network protections across all of their AWS workloads. Customers can enable AWS Network Firewall in their desired Amazon Virtual Private Cloud (VPC) environments with just a few clicks in the AWS Console, and the service automatically scales with network traffic to provide high availability protections without the need to set up or maintain the underlying infrastructure. AWS Network Firewall’s flexible rules engine gives customers granular control to define their own custom rules or integrate with their existing security ecosystem by importing rules from leading AWS Partner Network (APN) security partners like AlertLogic, CrowdStrike, Fortinet, and Trend Micro. There are no additional charges or upfront commitments required to use AWS Network Firewall, and customers pay only by hours deployed and gigabytes processed.
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.”
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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