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Food News


THIS SECTION IS FOR NEWS AND INTERESTING STORIES RELATED TO FOOD, NUTRITION AND FOOD PROCESSING. THEY ARE NOT NECESSARILY RELATED TO KOSHER BUT MAY BE OF INTEREST TO THE KOSHER CONSUMER, MANUFACTURER OR MASHGIACH.

$16B invested in plant-based and cell-cultured meat since 2009

May 7, 2019 - from FoodDive:

"Tyson Foods, which sold its share in Beyond Meat and plans to launch meatless protein products this summer. Nestlé will roll out its plant-based Garden Gourmet Incredible Burger in Europe this spring and in the U.S. by summer, and said it will introduce a cook-from-raw plant-based Awesome Burger this fall in the U.S. under its Sweet Earth Brand. Laurent Freixe, CEO of Nestle Americas, anticipates the company's plant-based business could hit $1 billion in sales within 10 years, according to Bloomberg. Add in Beyond Meat's recent IPO, which shattered expectations, and these developments signal a thriving future for plant-based meat alternatives.

"A handful of companies are racing to be first to market with affordable beef, chicken, fish or crustacean products consumers will buy and enjoy in place of conventional ones. However, they may have to position their products as "innovative, humane luxuries worth the steep price tags."

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