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Tyson cuts chicken slaughter capacity

© Tyson

Tyson Foods to Cut US Chicken Slaughter Capacity by 10% as Sales Decline

August 28, 2023

Meatpacker Tyson Foods has announced plans to close four US facilities, representing around 10% of its chicken slaughter capacity, following a drop in sales. Operations will cease at the sites in Arkansas, Indiana, and Missouri by the beginning of next year at the latest. The closures are also expected to affect local chicken farmers and feed producers. The news comes just months after Tyson closed two other US chicken plants, leading to the loss of almost 1,700 jobs. The company also announced it would be eliminating 10% of corporate jobs and 15% of senior leadership roles earlier this year. While the pandemic saw Tyson’s sales increase as meat prices rose, this trend now appears to have been reversed, as the company reported an operational loss …

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Vegan chicken nuggets by Tyson

©Tyson Foods

Products & Launches

Amid Weakening Meat Sales, Tyson Quietly Launches New Plant-Based Nuggets

June 8, 2023

Tyson Foods, the world’s second-largest meat processor, has released a new line of plant-based nuggets under its famed logo for the first time. The new Tyson Nuggets have appeared in US Target stores, along with a new variety of plant-based chicken by Raised and Rooted, the company’s meat-free spinoff. The surprise launch comes as Tyson grapples with a drop in share price, flattening sales, and lower margins due to increased operational costs. In May, Tyson posted a second-quarter loss of $97M and downgraded its annual sales forecast. While the company’s second-quarter sales were $13.13Bn, compared to $13.11Bn a year before, adjusted operating income for the first half of the fiscal year dropped 80% to $518M. First-time challenges The company said the results were “weaker than …

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alternative protein market company Upside Foods serves a cultivated chicken burger

© UPSIDE Foods

Global Cultured Meat Markets Report – By 2040, a Projected 60% of Meat will be Created from Cells Grown Within Bioreactors and Sold Across Grocery Stores and Restaurants Worldwide

June 21, 2023November 25, 2022

DUBLIN–(BUSINESS WIRE)–The “The Global Market for Cultured Meat – Market Size, Trends, Competitors, and Forecasts (2022)” report has been added to ResearchAndMarkets.com’s offering. By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide. The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry’s ability to provide “tailor-made nutrition” through its meat and seafood products. Recent surveys indicate that nearly 50% of the consumers do not have any reservations about cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market. The number of startups focused …

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Sponsored

oats

Image courtesy of Meurens Natural

Sponsored Post

Health Advantages of Oats: A Nutrient-Packed Superfood

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Ex Tyson Foods CEO Joins Former Impossible Foods’ Rachel Konrad at California’s Shiru

June 24, 2022June 24, 2022

Shiru, a biotech startup that creates novel plant-based ingredients for the global food industry, appoints three new advisors including former president and CEO of Tyson Foods Dean Banks. Banks joins a list of industry veterans at the company including Rachel Konrad, ex-Chief Communications Officer of Impossible Foods. Founded in 2019 and based in Emeryville, California, Shiru aims to reduce the world’s reliance on animals for food by providing sustainable, plant-based alternatives. The company is currently developing ingredients for gelation, egg replacement, and structured fats functions. Shiru raised $17 million in a Series A round last October and was previously named winner of the DSM Meat Replacement Innovation Challenge. The three additions as announced today will comprise the Shiru advisory board, while Rachel Konrad along with …

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Cows Greenpeace

Image Source: Greenpeace.org

Sustainability / Environment

$52 Trillion Investor Group FAIRR Warns of “Apollo-13” Moment for Meat and Dairy

May 4, 2022May 4, 2022

FAIRR has called the recent IPCC Assessment Report a “red flag to investors”, following its scathing figures on climate change impact for the meat and dairy industry. The FAIRR Initiative, a collaborative investor network with $52 trillion assets, has warned the destructive industry of its “Apollo-13” moment, with investors shifting capital in the food industry’s much-needed low-carbon transition. The Apollo-13 moment refers to the meat industry’s necessity to broadly embrace innovative alt proteins in order to avert disaster like the Apollo 13 astronauts of 52 years ago. Not only is livestock the main source of agricultural greenhouse gas emissions, but also warming temperatures are jeopardizing the cruel industry’s profits. Predictions show how the beef sector could lose over 20% value due to heat stress in …

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UPSIDE Foods Chicken Taco

© UPSIDE Foods

Cultivated Meat

UPSIDE Foods Achieves Unicorn Status Following Largest Ever Fund Round in Cultivated Meat

April 21, 2022

UPSIDE Foods (previously Memphis Meats) announces a $400 million Series C round which included returning investors Cargill, Tyson Foods, and Bill Gates. UPSIDE says this is the largest round in the industry to date and brings its valuation to over $1 billion, thus achieving Unicorn status. The news closely follows Upside’s acquisition of Culture Decadence, producer of cultivated lobster. Pending regulatory approval, which is slated to take place in 2022, UPSIDE Foods says it intends to initially launch on the US market. The fresh funds will be utilised to expedite commercialisation, build a commercial-scale facility with a planned annual capacity of tens of millions of pounds of cultivated meat, and develop the supply chain for ACF Cell Feed – a cell media that the company …

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Beyond Meat CEO

Beyond Meat CEO Ethan Brown © Beyond Meat

Beyond Meat Announces Tyson Foods Exec Hires in Fascinating Turn of Events

March 1, 2022December 8, 2021

In a highly interesting turn of events, Beyond Meat announces Tyson Foods veterans Doug Ramsey and Bernie Adcock will be joining the company as Chief Operating Officer and Chief Supply Chain Officer, respectively. The move marks a stunning reversal for Beyond Meat, which famously cut ties with Tyson just before the company’s 2019 IPO. Though the reasons for the companies’ initial split remain unclear, the executive hires signal Beyond Meat is ready to begin a new chapter, and possibly rebuild some form of relationship with Tyson, the world’s second-largest meat processor. Beyond Meat states it is preparing to intensively scale up production of plant-based meat across the US, EU and China. As new members of Beyond Meat’s executive team, Ramsey and Adcock each bring decades …

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First Pride

© First Pride

Products & Launches

Tyson Foods Enters Plant-Based Market in Asia Pacific With ‘First Pride’ Brand

September 16, 2021June 7, 2021

US-based multinational meat processor Tyson Foods has entered the plant-based market in the Asia-Pacific region, launching a range of meat-free products under its First Pride brand name.

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Raised & Rooted grounds Tyson Foods

© Tyson Foods, Inc.

Products & Launches

Meat Processing Giant Tyson Foods Introduces New Plant-Based Products Amid Greenwashing Concerns

May 4, 2021May 4, 2021

Raised & Rooted, the plant-based brand produced by Tyson Foods – the second biggest animal meat company in the world after Brazil’s JBS – is expanding its range with three new products. Tyson this week enters the market with new plant-based burger patties, vegan ground beef, and two types of sausage, meaning serious business – with a rollout into an incredible 10,000 US retail locations.

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PopcornShrimp New Wave Foods

©New Wave Foods

Products & Launches

Tyson-Backed New Wave Foods Launches Its Seaweed Based Shrimp in the USA

April 4, 2022March 30, 2021

Following its recent $18M series A round, alternative seafood producer New Wave Foods announces today the official distribution of its plant-based shrimp to foodservice and restaurant companies in the USA. New Wave Shrimp, made from seaweed and plant protein, is New Wave’s first offering, with further plant-based shellfish to follow in 2022 to include lobster, scallops and crab.

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The Kroger Co Simple Truth Plant Based Emerge Patties

©The Kroger Co

What’s New in Corporate Plant-Based: Kraft Heinz, Tyson, Kroger, Else Nutrition, Beyond

January 28, 2021

Established legacy food companies like Kraft Heinz Co, Tyson Foods, Inc., and Kroger Co, are increasingly expanding their plant-based offerings to join purpose-built plant-based food companies like Beyond Meat Inc and Else Nutrition in the rapidly growing plant-based business market.

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New Wave shrimp

©New Wave Foods

New Wave Foods Raises $18 Million Series A for Plant-Based Shrimp & Shellfish

January 7, 2021January 7, 2021

New Wave Foods announced today that it has recently completed an $18 million Series A round of financing to disrupt the $9 billion dollar shrimp market with plant-based shrimp made of sustainable seaweed and plant proteins. The Company will initially focus on selling its product to restaurants and foodservice locations.

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tyson nuggets

© Tyson Foods, Inc.

Food & Beverage

Tyson Removes Eggs From “Plant-Based” Range, Cancels Hybrid Burger

December 15, 2020

Tyson Foods has announced changes to its “plant-based” nuggets to make them vegan-friendly. The first run of the Raised & Rooted range came to the market in 2019 and contained egg whites. David Ervin, VP of alternative protein, has revealed that the egg will now be removed to fit the growing demand for vegan products.

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Hybrid Products

Big Idea Ventures

©Big Idea Ventures

Bühler Group Invests in Big Idea Ventures’ New Protein Fund to Accelerate 100 Alt Protein Startups

June 12, 2020

Big Idea Ventures today announces it is partnering with plant equipment manufacturer Bühler Group for its New Protein Fund, which is set to invest in up to 100 plant-based and cell-based companies internationally. The focus will be on Singapore, further to our recent reports revealing the country to be a foodtech hub for plantbased industry.

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smithfield demo PETA

© PETA

PETA Buys Shares in Tyson, Smithfield, Maple Leaf, and Hormel – Intends to Push Them Towards Plant-Based

September 11, 2023May 17, 2020

PETA has announced that it has taken shares in Tyson Foods, Smithfield Foods, Maple Leaf Foods, and Hormel. The charity says that it plans to use its shareholder position to push each company to move in a plantbased direction and away from animal agriculture.

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Tyson Raised & Rooted

Hybrid burger ©Tyson Foods

Business Insiders

What’s With Blended Meat? (It’s certainly not vegan, but maybe there’s method to the madness?)

September 11, 2023May 11, 2020

When I first heard about the concept of hybrid or ‘blended’ meat, I laughed. It seemed like a lazy attempt by Big Food manufacturers to stay relevant without too much effort. A way to hedge their bets and see where this little plant based fad goes.

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Hybrid Products

BEYOND BEEF® CRUMBLES BEEFY

© Beyond Meat

Financial Times Says the Global Pandemic is Accelerating a Shift to Plant-Based

September 11, 2023April 28, 2020

The Financial Times has reported that COVID 19 is reshaping the North American food market, stating that US sales of plant-based meats jumped a massive 200 percent in the week ending April 18th, compared with the same period last year, surging by 265% over an eight week period.

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© Tyson Foods, Inc.

Food & Beverage

Jimmy Dean Is “Confident” It Will Soon Be Offering a Plant-Based Protein Alternative

September 19, 2019

According to FoodNavigator-USA.com, Tyson Foods is confident that it will soon be offering a plant-based protein alternative through its sausage brand, Jimmy Dean. Tyson Foods, recently launched its Raised & Rooted line of vegetarian nuggets made with pea protein and egg whites.

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© new wave food

Investments & Acquisitions

Tyson Invests in Plantbased Shrimp Producer New Wave Foods

September 11, 2023September 6, 2019

Tyson Foods Inc. announces yesterday that it has completed an investment in New Wave Foods through its subsidiary Tyson Ventures. New Wave produces plantbased seafood and aims to launch a vegan shrimp product to market early next year.

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corporate takeover

Nuggets Tyson

©Tyson Foods

Products & Launches

Tyson’s Raised and Rooted Nuggets to Launch in 4000 Stores to “Rival Beyond Meat”

August 9, 2019August 6, 2019

Poultry producers Tyson, which sold its shares in Beyond Meat this April in to launch its own brand in plant protein in an apparent bid to rival Beyond, has announced its chickenless nuggets will be available in 4000 retail stores and from foodservice distribution by the end of September. Shares have increased by 7% in Monday trading following the news.

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