Meat & Poultry: Page 34
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Courtesy of Greenleaf Foods
What's behind the slowdown in plant-based meat sales?
With major companies posting lower-than-expected revenues, the once-hot sector is looking less appealing to investors. Three analysts give their take on what happened and the segment's future.
By Megan Poinski • Nov. 22, 2021 -
Courtesy of Kemin Industries
Kemin breaks ground on clean-label proteins plant
Less than a year after acquiring Proteus Industries, the company is ramping up production of its ingredients line for meat and poultry applications and has named a leadership team.
By Samantha Oller • Nov. 18, 2021 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Matthew Stockman via Getty Images
JBS enters cell-based meat with BioTech Foods acquisition and $100M investment
The world's largest meat company is the first to make an acquisition in the growing space, and plans to build a production facility in Spain and a cultivated meat R&D center in its home country of Brazil.
By Megan Poinski • Nov. 18, 2021 -
Permission granted by Sanderson Farms
Sanderson and Wayne Farms merger 'an opportunity that doesn't come along very often,' CEO says
Clint Rivers said the new company — which would be the third-largest U.S. poultry processor after the deal closes — will benefit from expansion into new categories and growing demand for chicken.
By Christopher Doering • Nov. 17, 2021 -
Courtesy of Mosa Meat
How Blue Horizon uses food tech investments to further sustainability
The firm puts funds toward alternative protein companies worldwide, focusing on their potential to improve the environment, human health and animal welfare.
By Megan Poinski • Nov. 15, 2021 -
Courtesy of Sol Cuisine
Marfrig, ADM plant-based venture expands with 2 North American acquisitions
PlantPlus Foods, formed in 2020 to create products for North and South American markets, is buying the maker of Hilary's veggie burgers and private-label manufacturer Sol Cuisine for about $100 million.
By Samantha Oller • Nov. 15, 2021 -
Matthew Stockman via Getty Images
JBS USA names new CEO amid executive reshuffling
Tim Schellpeper will assume the role in January from Andre Noguiera, who has led the beef, pork and poultry producer since 2013.
By Chris Casey • Nov. 12, 2021 -
Courtesy of Tofurky
Tofurky argues Oklahoma plant-based labeling law imposes 'burdensome roadblocks' on the industry
The case, which seeks to overturn a state requirement, has a new food company leading its charge and a revamped legal strategy.
By Megan Poinski • Nov. 11, 2021 -
Courtesy of Beyond Meat
Beyond Meat shares tumble after company reports lower-than-expected revenues
Several factors contributed to the plant-based meat leader missing its targets, CEO Ethan Brown said, but he is optimistic about the company's future.
By Megan Poinski • Nov. 11, 2021 -
Courtesy of The Every Company
The Every Company's animal-free egg proteins debut in Pressed smoothie
The limited-time beverage gives the company a chance to show off its ClearEgg protein to consumers concerned with wellness, product taste and mouthfeel.
By Megan Poinski • Nov. 9, 2021 -
Permission granted by Greenleaf Foods
Maple Leaf plans review of plant-based division after sales declines
The Canadian meat giant will be looking at why consumers are less interested in purchasing its Lightlife, Field Roast and Chao brands, but did not say if it would consider selling them off.
By Megan Poinski • Nov. 5, 2021 -
Courtesy of Upside Foods
Tracking the cell-based meat space
Higher Steaks rebrands as Uncommon and raises $30 million, and JBS subsidiary BioTech Foods begins building its commercial-scale plant in Spain.
By Megan Poinski • Updated June 12, 2023 -
Courtesy of Upside Foods
Upside Foods opens plant capable of making 50K pounds of cultivated meat a year
The largest facility of its kind in North America, located near San Francisco, brings cell-based meat closer to reality.
By Megan Poinski • Nov. 4, 2021 -
Courtesy of Future Farm
Future Farm lands $58M investment round
The Brazilian company, which brought its plant-based Future Burgers to the U.S. this summer, plans to launch more of its meat analogs here, as well as expand into dairy alternatives.
By Megan Poinski • Nov. 4, 2021 -
Permission granted by Applegate
Applegate debuts hot dog made with beef grown through regenerative farming
The Hormel subsidiary's The Do Good Dog sources meat raised on verified regenerative grasslands and contains no artificial ingredients or preservatives.
By Chris Casey • Nov. 3, 2021 -
Courtesy of TurtleTree
TurtleTree closes $30M funding round
After a year of partnerships and opening a new California R&D center, the company using cell-culturing technology to create human and cow milk has money to invest in product development.
By Megan Poinski • Nov. 2, 2021 -
Permission granted by Vita Coco
Once-hot food and beverage IPOs lose their sizzle as investor enthusiasm fades
A review of 13 companies that have gone public since July 2020 through traditional IPOs or mergers with SPACs show all but one of the listings are trading below where they first came to market.
By Christopher Doering • Nov. 2, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd plans 200K-square-foot manufacturing facility and Chicago retail launch
The company, which makes food from a fungus discovered in Yellowstone National Park, appears to be gearing up for a big entry into the commercial space.
By Megan Poinski • Oct. 29, 2021 -
Courtesy of Daring Foods
Daring Foods raises $65M and launches at Walmart
The plant-based chicken maker has raised more than $120 million over the past year as it prepares for further retail expansion and new products.
By Samantha Oller • Oct. 28, 2021 -
Courtesy of Atlantic Natural Foods
Above Food to buy Atlantic Natural Foods for more than $30M
The vertically integrated Canadian plant-based company's acquisition of the maker of Tuno and Loma Linda can help lead it to new customers, especially in the United States.
By Megan Poinski • Oct. 26, 2021 -
Courtesy of Mission Barns
Mission Barns partnership produces plant-based sausage with cultivated fat
To announce the agreement with Silva Sausage, the companies made Mission Chorizo Sausage in a scaled production run. There is no target date for a launch yet.
By Megan Poinski • Oct. 21, 2021 -
Catherine Douglas Moran/Food Dive
By the numbers: Plant-based food sales and prices
The trendy segment is selling fast and growing at a quicker rate than traditional products. Data from SPINS details these increases and shows how close some categories are to reaching price parity.
By Megan Poinski • Oct. 19, 2021 -
Courtesy of Atlast Food Co
Swift to acquire Sunnyvalley Smoked Meats for $90M
With the acquisition of the smoked meats specialist, the JBS subsidiary is expanding its geographic footprint at a time when demand for bacon is growing.
By Chris Casey • Oct. 18, 2021 -
Catherine Douglas Moran/Food Dive
Deep Dive5 ways to boost plant-based products in grocery stores
From appointing category managers to dedicating shelf space, maximizing sales of animal alternatives at retail requires a holistic approach.
By Megan Poinski , Catherine Douglas Moran • Oct. 18, 2021 -
Courtesy of PepsiCo
ColumnLeftovers: PepsiCo goes for a home run with Cracker Jack soda; Country Archer enlists world's hottest chili pepper for jerky
The CPG giant pops in caramel and peanut flavors to its classic beverage, while Sonic takes its drink flavors beyond the restaurant's drive-in parking lots.
By Food Dive staff • Oct. 15, 2021
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