Plant-based products have gone mainstream. Just in North America, sales of plant-based meats, a food category that did not exist a decade ago, grew to almost US $800 million in 2019, up 37% from 2017. In addition, according to research firm Meticulous Market Research, the global plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027.
Helping to drive market growth are increasing incidences of intolerance of animal protein, growing urbanization with new consumer aspirations, significant venture investments in plant-based product companies, and an increasing vegan population, they added. In addition, according to Alan Jope, Unilever’s chief executive, “We are seeing in every single country in the world a shift towards more plant-based diets, even in emerging markets.”
That’s great news for companies such as Beyond Meat Inc. (NASDAQ:BYND), Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF), Modern Meat Inc. (CSE:MEAT)(OTC:SUVRF), and Guru Organic Energy Corp. (TSX:GURU).
It’s Also a Positive Catalyst for Plant & Co. Brands Ltd. (CSE:VEGN)(FSE:VGP)(OTCPK: VGANF)
The company just announce plans to aggressively expand its reach across North America by franchising the popular YamChopsTM ~ Grown Not Raised TM ~ vegan butcher stores. YamChops, a wholly owned subsidiary of Plant&Co, specializes in the preparation, distribution, and retail sales of over 48 plus proprietary plant-based meats, chicken, pork, fish, and many other delicious vegan food products.
“We strongly believe a YamChops franchise system that is operated by an experienced entrepreneur or restaurant operator is poised for growth and market leadership due to our first-mover advantage in the emerging plant-based protein or vegan butcher markets,” said Shawn Moniz, CEO of Plant&Co. “We have engaged top legal counsel and brought in top consultants with franchise expertise to support our effort of becoming one of the largest plant-based franchises in North America. We are in discussions with several very interested parties and expect those numbers to increase rapidly as we roll out our franchise systems and execute our retail sales strategy. We look forward to sharing YamChops’ high-quality plant-based products like Montreal Style ‘Steak’, Szechuan ‘Beef’, and Chick*n Schnitzel with the rest of North America.”
As part of the recent acquisition of YamChops, Plant&Co acquired a franchise program to offer turnkey YamChops franchises including the following:
- Architectural/construction renderings with leading design firm
- Systems manuals and training programs
- Proprietary plant-based food products and recipes
- Strategic retail sales strategy
Plant&Co offers the necessary corporate structure, and financial and technical resources to support individual franchisees and to promote franchise growth throughout North America. The Company has engaged Cassells Brock & Blackwell LLP, a national law firm with one of Canada’s most sophisticated franchise law teams. Their dedicated team offers extensive practical experience with all types of growth models assisting both local start-ups and some of the world’s largest brands on local and international franchise and related expansion strategies.
Plant&Co also brings a history of technology development specializing in e-commerce and online training programs. Interested entrepreneurs can find more information regarding YamChops franchising opportunities by visiting the YamChops website: https://yamchops.com/pages/franchise
Once featured on TV’s famous Dragons Den, named NOW Magazine Reader's Choice Award for "Best Butcher & Best Deli" in Toronto, and recently recognized in a Wall Street Journal article as a leader in the race for a piece of the faux-meat market, YamChops is North America’s first Plant-Based Butcher Shop. For over 12 successful years, it has specialized in the development, preparation, and distribution of plant-based meats and other vegan food products. YamChops has a retail location in the heart of Toronto’s food district, a dynamic website, and it enjoys a high demand on five of the most popular food delivery platforms: Uber Eats, Skip the Dishes, Door Dash, Corner Shop and Ritual One, with more still to come!
Plant&Co’s strategy is to leverage YamChops’ distribution networks and B2B relationships for large and bulk ordering of plant-based product already in place with nation-wide distributors and retailers, such as United Natural Foods Inc (UNFI), Whole Foods, London Drugs, Save On Foods, Organic Garage, Nature’s Emporium, Choices Markets, The Big Carrot, Natural Foods Ambrosia, and Natures Fare Markets, and over a dozen more to rapidly grow and expand the 48 plus proprietary plant-based products of YamChops to new and emerging markets not only in Canada but to the explosive US markets. YamChops currently has B2B distribution to Sobey’s London, Pusateri’s, and Nature’s Emporium.
Today, plant-based food products have entered the mainstream and are included on shopping lists of many consumers across North America. The sales of plant-based meats in North America, a food category that did not exist a decade ago, grew to almost US $800 million in 2019, up 37 per cent from 2017. According to research firm Meticulous Market Research the global plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027.
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 Plant & Co. Ltd. by a third party. We own ZERO shares of Plant & Co. Ltd. Please click here for full disclaimer.
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