UK’s most popular health food franchise Holland & Barrett have announced plans to open 100% vegan shops in response to the fast-rising vegan population, and to expand into the field of vegan beauty, a market currently led by the Body Shop.
Biotech startup company Wild Earth has announced a successful round of funding with investment from Pathfinder, which is the investment vehicle of Founders Fund, and Paypal founder Peter Thiel. This round of funding totalled $450,000, meaning that Wild Earth has now received funding to the tune of almost $5 million.
“No Evil Foods” is a US company that produces vegan meat and has recently expanded its distribution to 75 Wegmans supermarket chain stores. Co-founder Sadrah Schadel believes that the origin of the increased demand for meat alternatives lies in the health benefits of vegan meat. On the one hand, consumers are increasingly rejecting products with a high cholesterol content, and on the other hand, they are increasingly asking for products with a high protein content.
Leading meat substitute producers, Quorn, announced yesterday the investment of £7 million in a new Global Innovation Centre, stating their intentions of creating “A high tech British powerhouse and maintaining Quorn’s innovation leadership in the meat-free industry. In a press release dated 23 July, their motivation is explained as a need to stay ahead of fast-moving trends and developments: “Around the world the meat-free category is growing rapidly, typically between 10% and 20%, and even a developed market like the UK is up 15%.”
Foods that will in future be increasingly important for conscious consumers are often associated with supposedly high costs for producers. Vegan meat substitutes are no exception. But the stabilization and texturization systems manufacturer Hydrosol offers companies a real alternative when it comes to meat substitutes.
Mosa Meats, the company who created the world’s first cultured hamburger, have just announced the procurement of €7.5M in funding from investors including M Venture and Bell Food Group, to continue in their advancement of cultured meat. The Dutch startup has led the cultured meat industry since presenting the first beef burger made directly from cow cells in 2013.
After some initial speculation, it is now official – America’s second-largest dairy company, Dean Foods, has acquired a majority stake in the vegan brand Good Karma. This is in response to the growing demand for plant-based milk alternatives in the food industry.
South African charity Vegilicious have officially announced that they will become part of ProVeg International under the name ProVeg South Africa, as part of a bid to significantly increase the scope of their advocacy work and expand their campaigns both nationally and internationally. A statement was published on the Vegilicious website regarding the merge, explaining that, “In a global food system it is necessary to look beyond borders. With ProVeg International we want to take an important step towards unifying the international vegan food awareness movement.”
Cedarlane Natural Foods is an American food manufacturer which has been producing vegetarian and vegan ready meals for over 30 years. After some initial difficulties, the company now feels sure that it has done everything right with its vegan dishes. “Somehow, back then, I believed in having a health food free of any preservatives,” says Robert Atallah, the founder of Cedarlane. Market entry was relatively easy for the food manufacturer, as independent and health-conscious Californian grocery stores listed the products. Hardly anyone was offering products similar to Cedarlane’s.
Veganuary is a popular charity in the UK inspiring people to try veganism for January and providing encouragement and support for those interested in continuing the pledge for longer. Having already seen enormous success in the UK since its launch in 2014, receiving mainstream media coverage and publishing a best-selling book, the charity now has plans to expand their vision to the US and Canada.
The vegan organic banana drink company Mooala Brands specialises in milk substitute drinks and is growing rapidly thanks to its popular range. The US company produces vegan milk substitutes made from pureed bananas and roasted sunflower seeds with cinnamon and salt. Mooala emphasises the versatile uses for its product, e.g. for smoothies, muesli, baked goods or in coffee.
Field Roast Grain Meat Co., the Seattle-based vegan food manufacturer, have secured an agreement with distribution company Essen Foods to expand their reach across the Australasian market. The leading manufacturer of premium plant-based meat and cheese products announced on 19th June their exclusive distribution deal with Essen Foods in Melbourne.
Naturli’, founded in 1988, has recently made its UK supermarket debut. Although the milk and meat-free food supplier only switched to production of vegan food just four years ago, Naturli’ has established “Iconic products” in the vegan scene, according to Henrik Lund, their CEO since 2016.