Cargill to compete with plant-based companies

© Cargill

Protein

Cargill Seeks Profitability with Business Split and Alternative Protein Focus

US agribusiness giant Cargill reportedly plans to split its business into three operating units instead of the current five: Food, Ag & Trading, and a Specialised Portfolio focused on animal nutrition and health. According to Reuters, Cargill and other agricultural merchants are facing financial and operational difficulties due to commodity crop prices approaching four-year lows, resulting in fallen crop processing margins and squeezing Cargill’s profit margins. Alternative protein focus Cargill, the world’s third-largest meat producer, has been active in the plant-based and alternative protein space for several years. In addition to offering a portfolio of plant-based protein ingredients, fibers, texturizers, plant-based oils, and fats, the company invests in companies developing sustainable food solutions. Over the past few years, the Minnesota-based firm has invested in various …

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Palm oil-free spread by The Flower Farm

© The Flower Farm

Milk- and Dairy Alternatives

Palm Oil-Free Spread by Dutch Brand The Flower Farm Launches at Sainsbury’s

Netherlands-based The Flower Farm has launched at Sainsbury’s, marking the first major UK supermarket listing for the brand’s vegan and palm oil-free spread. The spread is made with shea butter, which has similar properties to palm oil but does not contribute to deforestation. The other ingredients include sunflower oil, lemon juice, carrot juice, and sea salt. The Flower Farm estimates that it has already saved 726,000 kilos of palm oil and over 1.85 million square metres of palm oil plantation. 17.6 million products have been sold to date. Previously, the spread launched at Booths, a supermarket chain in the north of England. In the Netherlands, the product is widely available at major retailers, including Albert Heijn. “We are delighted to have Sainsbury’s endorsement as we …

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TBH Noah Schnapps Vegan Nutella

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Company News

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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Fellow Creatures Vegan Creamy Plant-Based Chocolate Range

© Fellow Creatures, ltd.

Investments & Finance

Scottish Chocolate Brand Fellow Creatures Secures Six Figure Investment

Edinburgh based chocolate producer Fellow Creatures has secured a £450,000 investment for expansion of its palm oil-free products which are now listed with WH Smith and Sainsbury’s across the UK. The progressive and ethically-driven brand was one of six graduates of the ProVeg incubator last year. Founder Zsolt Stefkovics, who originally hails from a dairy farming family, says: “Growing up in a family of dairy farmers, I have always loved chocolate. Upon leaving my homeland Hungary at age 18, I became a vegan. Realising a real lack of indulgent, creamy chocolate choices in the free-from aisles, I decided to create my own with all the fun and creaminess we all remember from our childhood. “Having been picked on at primary school, I learned that inclusivity …

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