Plant Based Proteins Could Make Up 10% of the Food Market by 2025

Demand for plant-based food is only gaining momentum. In fact, over the next three to four years, says Cargill CEO Dave MacLennan, as noted by AGWeb, “plant-based protein will possibly make up 10% of the market. He says it will continue to eat into the market share of traditional meat demand. Despite being a major beef processor, Cargill continues to increase its footprint in the plant-protein industry, including selling pea protein to businesses like Beyond Meat.” That continues to be a solid catalyst for companies such as Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL), Very Good Food Company Inc. (NASDAQ:VGFC)(TSXV:VERY), Oatly Group (NASDAQ:OTLY), and Odd Burger Corporation (TSXV:ODD)(OTCQB:GBLYF).

In addition, “Consumer demand for plant-based options has been growing steadily, and quick-service restaurants are doing their part to meet the demand with alternative burgers and chicken. Technomic Ignite menu data predicts that plant-based proteins will grow nearly 35% on menus by the end of 2022,” notes Restaurant Business Online.

Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF) Sales Increased 67% in October

Komo Plant Based Foods Inc., a premium plant-based food company, today announces record plant-based food sales in October 2021 of more than $45,000, a 67 percent increase over the previous month.

Komo launched its plant-based comfort food products locally earlier this year, and in October it was successful in significantly expanding production to meet demand from distributors and retailers One of the recently signed distributors is TransCold Distribution Ltd., a Unilever Master Distributor, which delivers frozen products to over 10,000 distribution points in Canada and the United States. This week Komo has begun its expansion to other provinces and Komo expects to double its retail distribution network to over 100 points within the next few months.

Komo also sells direct-to-consumer through its own eCommerce platform, and it has received over 130 five-star reviews from verified purchasers through the Yotpo app, which enables automatic review generation.

“We were able to achieve significant revenue in October, within 7 months of launch as a new brand and with only 30 distribution points. We have already grown this month to 50 retail locations with the addition of the Nesters Market chain,” says Komo CEO Wiliam White. “We have proven that we are able to achieve rapid growth locally and we look forward to continuing this trend now that we have production and distribution in place to expand across Canada and into the United States.”

Other related developments from around the markets include:

Else Nutrition Holdings Inc. issued report on its planned key sales drivers for 2022. One, in September 2020 Else launched a single SKU (Toddler) on, with Kids Shakes launch in July 2021. Monthly sales are growing at a rate of 10% AVG MoM with 60% repeat purchases with 650+ subscribers and are expected to accelerate as the product range grows substantially in 2022. Two, in the first quarter of 2021 Else launched the Toddler product on Thrive Market and iHerb with solid MoM growth on these important platforms. In the fourth quarter of 2021 Else will start selling on Walmart’s and Kroger’s online platforms expanding its product range to include Kids Shakes on all 4 platforms. Else expects sales from these and from additional online platforms to be a key sales driver in 2022.

Very Good Food Company Inc., a leading plant-based food technology company, announced two delicious additions to an already innovative line of bean and vegetable-based meats in the form of Butcher’s Select Spicy Meatballs and The Very Good Steak for retail and e-Commerce. After seeing overwhelming demand for the NEXTY Award winning Butcher’s Select Mmm...Meatballs, the Spicy Meatballs are an addition that pack a flavorful punch, and more than a little heat. The original plant-based meatballs, winners of the NEXTY Best New Frozen Product category, have entered the market as a flavorful alternative to not only plant-based, but also traditional meat products in the natural food space.

Oatly Group, the world’s original and largest oat drink company, will report financial results for the third quarter and nine months ended September 30, 2021, on Monday, November 15, 2021, before the U.S. market opens. Oatly will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results.

Odd Burger Corporation, one of the world's first vegan fast-food chains and first to go public, announced record systemwide sales in October 2021 of more than $233,000, a 41 percent increase over the previous month. "These strong sales and successful openings show us that we're winning new customers and fans wherever we go, which we see as fuel for continued expansion," said Odd Burger co-founder and CEO James McInnes. "These past few months have proven that we are able to scale our operations and keep pace with our rapid growth and with many new locations in the pipeline, we expect to set more records, and keep seeing fantastic reviews from customers."

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. Komo Plant Based Foods has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Komo Plant Based Foods. Please click here for full disclaimer.

Contact Information:
[email protected]