Beyond Burger

© Beyond Meat

Beyond Meat CEO Predicts Category “Shakeout” as Company Reports Widened Q3 Losses

On Nov. 9, Beyond Meat reported its 2022 third-quarter earnings, and results showed wider-than-expected losses and decreased revenue as the company continues to battle the pressures of inflation. Despite lowered forecasts, Beyond’s stock soared 20% during Thursday’s market trading. According to CEO Ethan Brown, inflation has taken a heavy toll on sales of the company’s plant-based burgers, sausages and chicken, with price-weary consumers opting for cheaper proteins. During its Wednesday earnings call, the company said total pounds sold fell 12.8%, while net revenue per pound decreased by 11.2%. Overall, the company posted a third-quarter net loss of $101.7 million ($1.60/share), which is wider than its net loss of $54.8 million (87 cents/share), in 2021. “As consumers intensify focus on making ends meet, health and environmental …

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TBH Noah Schnapps Vegan Nutella

©tbh

TBH Vegan Hazelnut Spread Appoints New Co-CEO as Part of Strategic Growth Plan

TBH, the vegan hazelnut cocoa spread co-founded by Stranger Things star Noah Schnapps, announces a realignment of its executive team, with investor and co-founder Ba Minuzzi joining current CEO Elena Guberman as co-CEO, and Ms. Guberman becoming a co-founder. According to tbh, these changes mark the beginning of a strategic growth trajectory for the brand.  Created as a better-for-you alternative to conventional hazelnut spreads, TBH (an anagram of To Be Honest) sells spreads made with simple ingredients, less sugar, and don’t use any palm oil. Since launching in 2021, TBH has built an impressive online following with over 160,000 fans on IG and TikTok, and over 20 million views of its content, thanks to Schnapp’s celebrity influence. Purpose-driven brands The brand’s new co-CEO, Ba Minuzzi, …

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grilled cheese pull Violife

© Violife

Upfield Professional Rebrands to Violife Professional

Upfield, one of the world’s largest plant-based companies, known for brands such as Flora, Becel, ProActiv, and Violife, is rebranding its food service business from Upfield Professional to Violife Professional. Violife is Upfield’s award-winning plant-based cheese brand with a presence in over 65 markets worldwide. According to Upfield, using Violife’s widely recognized brand name in its food service business reflects the company’s dedication to encouraging and supporting the hospitality industry’s increasing demand for plant-based options. Violife has been enjoying increasing success over recent years. Among recent developments, the company launched three classic dairy dips into Whole Foods stores across the US; partnered with Dr. Oetker in Poland; and expanded into food service partnering with Canada’s Copper Branch and PLNT Burger for exclusive new plant-based burgers. Simon Lawrence, head …

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VFC_Chick-n_Stompers

© VFC

VFC Announces “More Meat-Like” Recipe, New SKUs, and First Product For Kids

UK vegan chick*n / food activism brand VFC announces a new, “more meat-like” recipe, new Chick*n Tenders and Spicy Fillets, and its very first product for children, which rolled out into Sainsbury’s 6th Nov. The new core recipe — offering a crispier, crunchier southern-fried cornflake coating, higher protein and less salt — will be applied to the full VFC range, which will now include Original Recipe Crispy Chick*n Tenders and Spicy Fillets. VFC states that its proprietary cutting-edge extrusion technology successfully mimics the juiciness, texture and flavour of animal chicken. Concurrently, VFC announces it will see brand coverage increase tenfold throughout 2023, with new listings in Ocado and increased distribution across Sainsbury’s, surpassing 3,200 distribution points in total. The products, recently voted Best New Vegan …

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Eat Just Cultivated Chicken

©Eat Just

Eat Just to Unveil New Iteration of GOOD Meat Cultivated Chicken at COP27

GOOD Meat, the cultivated meat division of Eat Just Inc, most famous for its pioneering egg product JUST Egg, announces it will launch a new version of its cultivated chicken at COP27. New to the conference this year are three dedicated spaces for food system dialogue: the Food and Agriculture Pavilion, the Food4Climate Pavilion and the Food Systems Pavilion. GOOD Meat will showcase a new version of its chicken produced from cells for the first time outside of Singapore, where it debuted nearly two years ago, at a series of events for media, ministerial guests and civil society representatives from Saturday 12 November to Monday 14 November. “We hope that our guests at COP27 will find their cultured chicken dishes both delicious and thought-provoking, and …

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Joshua Errett

© Because, Animals

CULT Food Science Hires Because, Animals Co-Founder Joshua Errett

CULT Food Science has appointed Joshua Errett — co-founder of cultivated and plant-based pet food brand Because, Animals — as its new vice president of product development. CULT is an investment platform focused on cellular agriculture. The Canadian firm has an impressive and fast-growing portfolio featuring companies such as Umami Meat, Novel Foods, and Ohayo Valley. “I am excited to add Joshua as a member of the CULT team,” said Lejjy Gafour, chief executive officer of CULT. “He will be pivotal in the expansion of CULT’s operations, new product development, and other company efforts. His extensive experience in both cellular agriculture and as an experienced operator are expected to be vital in exploring new ways CULT can build value and be on the leading edge …

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Mind Blown New Crab Cakes

©Mind Blown

Mind Blown Seafood Expands Plant-Based Crab Cakes and More into US Food Service

Mind Blown by the Plant-Based Seafood Co. announces the expansion of its products into US food service through several major distributors, including Sysco, US Foods, Fancy Foods Inc., and Webstaurant. The brand’s new crab cakes will now be available in new markets across New York, New Jersey, and Connecticut, as well as to operators nationwide via Webstaurant.  According to Mind Blown, the expansion means the crab cakes will also be featured on more restaurant menus, such as All Surf No Turf in Clifton, NJ.  Strong growth Mind Blown debuted its plant-based Crab Cakes, Dusted Shrimp and Scallops at all Sprouts Farmers Markets locations in July. The rollout followed two years of strong growth for the brand, which has gained the backing of celebrity chefs like Spike …

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Squeaky Bean

© Squeaky Bean

Squeaky Bean Reaches Value of £10M, Becoming Category’s Seventh Largest Brand

British chilled meat alternatives brand Squeaky Bean is celebrating after growing by 24.5% to reach a value of £10 million. Just three years after its launch, Squeaky Bean is now the seventh largest brand in the chilled plant-based category, recently achieving 3% market share. One of the brand’s most popular products, NY Deli Pastrami Style Slices, has already hit over a million sales this year. In fact, Squeaky claims it is growing by a huge 33% within the sandwich slices category, with its products now available at most leading supermarket chains including Asda, Tesco, Morrisons, Sainsbury’s, Waitrose, and Ocado. Continued innovation Squeaky Bean believes that rapid innovation is responsible for its growth, at a time when some plant-based meat brands are stagnating due to rising …

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Better Meat Fish

©Better Meat Co.

The Better Meat Co. Receives Fourth Patent for Mycelium-Based Rhiza Protein

The Better Meat Co. announces it has received a fourth patent for its proprietary mycelium fermentation technology. The company also recently submitted a GRAS notice to the Food and Drug Administration (FDA) for Rhiza protein, an ingredient derived from a unique species of fungus.  To create Rhiza, Better Meat is working with Neurospora crass, a fast-growing species of fungus, whose mycelium root structure yields Rhiza mycoprotein. Though widely used in Indonesia to ferment staple foods like oncom (a tempeh-like dish), Better Meat says it is pioneering novel ways to use Neurospora as a meat enhancement and replacement.  As an ingredient, Better Meat states Neurospora offers numerous benefits to food manufacturing companies, as it is a versatile, nutritious and shelf-stable product that is simple to produce, …

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Southwest-Burger Planet Based Foods

©Planet Based Foods

Planet Based Partners with Cedarlane Foods to Bolster Hemp-Based Meat Production

Sustainable foods company Planet Based Foods (CSE: PBF) announces it has entered a new manufacturing partnership with Cedarlane Natural Foods, a leading producer of healthy frozen and fresh food products. The new partnership is expected to bolster Planet Based’s manufacturing capacity as it expands its line of hemp-based meat products.  According to Planet Based, which launched innovative hemp protein burgers and taquitos in early 2022, working with Cedarlane will create short- and long-term synergistic opportunities for both companies. 25 million taquitos Cedarlane’s strong manufacturing will enable Planet Based to expand the diversity and flavor profile of its range, with new products ranging from burritos to taquitos, as well as handheld, easy-to-prepare healthy foods. Planet expects its taquito production will increase up to 25 million taquitos …

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Next Food Ecosystem

© Next Meats

Japan’s Next Food Ecosystem Announces Expansion Across Asia

Japanese food tech group Next Food Ecosystem has announced plans to expand its innovative products across Asia. The group consists of plant-based meat brand Next Meats, vegan foie gras producer Dr. Foods (which is a spinoff of the former), and international partner Wayback Burgers. Together, the companies will work to expand beyond Japan, using Singapore as a springboard to launch across Asia. Wayback collaboration Next Meats first announced a collaboration with Wayback Burgers last year, when the US-based chain trialled plant-based sliders made with Next’s short rib. Wayback recently opened a flagship restaurant in Tokyo, and is now searching for Asian franchise partners. Wayback Burgers Asia is also set to launch a new business venture called Next Restaurant, which will offer bento boxes containing Next …

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planted.kebab_Oliver_Polak

© Planted Foods AG

Stand-Up Comic Oliver Polak Gets Naked in Planted’s Berlin Campaign

Food tech startup Planted wants to surprise people in Kreuzberg with a “billboard of a different kind”. Comedian Oliver Polak took off all his clothes to pose in front of the billboard at lunchtime as a living advertising message for Planted’s first plant-based kebab without additives. While the classic order is “one kebab with everything”, it is now “one kebab with nothing”. And just like the planted.kebab without additives, Oliver Polak also came “without everything”. The mission of the Swiss company, which raised £61 million in Series B last month in one of the largest alt-protein rounds in Europe, is to be better than animal meat, in terms of taste, sustainability, health and price. Planted wants to revolutionise the way meat is perceived and consumed …

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bluenalu's new members of its scientific advisory board

© BlueNalu

BlueNalu Announces Scientific Advisory Board of Multidisciplinary Experts

Cultivated seafood pioneer BlueNalu announces a new scientific advisory board (SAB), formed by multidisciplinary experts to support the company’s coming scale-up and consumer product development. The SAB will work with BlueNalu’s senior leadership to provide strategic guidance and solutions to accelerate the large-scale commercialization plans of BlueNalu’s cell-cultured seafood. BlueNalu says it has developed a robust pipeline of seafood products from a wide array of species and plans to launch its first commercial product, premium bluefin tuna toro, following regulatory approval in the US. The company has plans to bring its products to Europe through Nomad Foods, and recently announced a partnership with Japan’s largest sushi operator to supply its cultivated tuna. BlueNalu claims to have developed two new technologies that unlock the profitability and scalability …

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solein yellow protein in a mixing bowl

Solein © Solar Foods

‘World’s Most Sustainable’ Protein Solein Gets Regulatory Approval in Singapore

Finnish Solar Foods has received regulatory approval for its novel sustainable protein Solein®, made out of microbes cultured with electricity and air-captured carbon.  The regulatory approval for Solein® was granted by the Singapore Food Agency (SFA), allowing the sale of food products developed using the novel protein in Singapore. Solar Foods’ CEO Pasi Vainikka, said: “This is a huge day for us as a company. The food revolution we have been working towards for years has taken a major step forward, and we are highly excited about the prospect of bringing Solein to the market in Singapore. However, the impact of any food product, no matter how innovative, is truly realized only once it can be put on the plates of consumers.” First products by …

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mylo-mushroom-leather-Bolt Threads

©Bolt Threads

Bolt Threads and Ginkgo Bioworks Join Forces to Boost Production of Mylo Mushroom Leather

Materials solutions company Bolt Threads announces a new multi-project collaboration with biotech firm Ginkgo Bioworks to increase the efficiency and performance of Bolt’s portfolio, and to develop novel biomaterial proteins. The companies’ first project will focus on optimizing production of Bolt’s Mylo™ leather alternative. Made from mycelium, the underground root structures of mushrooms, Mylo is an animal-free and sustainable “unleather: that does not require livestock or petroleum inputs. During Bolt’s production process, the mycelium is grown in a foamy layer that can be harvested, dyed and transformed into fully customizable sheets. Mylo can then be used to make a wide range of products such as handbags, footwear, wallets, and phone cases. Mylo is already been utilized in handbags and accessories by top fashion houses such …

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