Pea Milk Archives - vegconomist - the vegan business magazine

vly and KWS Collaborate to Develop Plant-Based Products Made from Yellow Peas

June 14, 2023

German alt milk brand vly and seed specialist KWS have announced a multiyear partnership to develop plant-based foods made from pea protein. Vly already offers a range of pea-based milk alternatives, while KWS has been breeding yellow peas since the 1980s. The company now leads the market in France, which is described as the largest and most important European pea market. Previously, KWS has focused on selecting for traits such as yield, resource efficiency, and standing power. However, as part of the new partnership, the company will work to adapt the characteristics of yellow peas for use in plant-based foods. “As a seed producer, we can contribute to food development right from the start — for example, in terms of improving taste, processing quality, and …

Organisations and brands:

KWS

vly

Image courtesy of Mighty

Investments & Finance

Mighty Plant-Based Milk Raises £8M for International Expansion

December 6, 2021

Mighty plant-based milk has raised £8 million in new capital as the fast-growing UK alt dairy brand looks to invest in international expansion. Mighty will also launch its new cutting-edge fermentation technology as it looks to lead the next generation of plant-based milks. Pea-based pioneers Originally known for its pea-based milks, Mighty has expanded its product range which now features oat-based products, vegan protein powders, and shakes. Mighty has the goal of simplifying and democratising the plant-based milk segment, with the brand’s research showing over 70 different types of plant milk on the market, from soy- to potato-based. This complexity of choice, Mighty believes, can prove a barrier to entry for first-time buyers. The Yorkshire-based brand now has its sights set on expanding into EU …

Organisations and brands:

Mighty

Products & Launches

The Fooditive Group Launches Pea-Based Milk Alternative With Upcycled Sweetener

July 28, 2022July 12, 2021

Dutch plant-based ingredients manufacturer The Fooditive Group has launched a new dairy-free milk alternative. Called GoPeasy, it is made with peas and is free of added sugar.

Company News

Sweden: Sproud Appoints Global CEO, Continues to Work Towards £50M Revenue Target

May 20, 2021

Sproud, the Swedish company behind the eponymous low-carbon pea milk, announces that Sara Berger, the current CEO of Sweden’s largest fruit and vegetable supplier SydGrönt, will be appointed Global CEO of Sproud from August. The company is now entering a new phase of significant growth, with the goal of reaching SEK 500 million (almost £50 million) in sales within three years.

Organisations and brands:

Sproud

Investments & Finance

Vly Raises €6.1M For Yellow Pea-Based Milk That “Matches Cow’s Milk for Nutrients, Taste & Functionality”

May 20, 2021

Vly, a German producer of pea-based milk, today announces an investment of €6.1M led by Five Seasons Ventures, alongside previous investors Global Founders Capital and Good Seed Ventures. The company will use the fresh funds to upscale in DACH and new European markets, including the UK, further product development and key talent. “We have started with milk, but we want to create a range of new dairy alternative products” Vly was founded in 2018 by Niklas Katter, Moritz Braunwarth and Nicolas Hartmann, who after 400 iterations in research and development, created the milk using yellow split pea protein. The finished product is said to be neutral in taste, high in nutrients, low in sugars, and is functional, meaning it can be used for everything from …

Organisations and brands:

vly

©Wunda / Nestle

Products & Launches

Is Nestlé Too Late to the Alt Milk Party with Launch of Wunda Brand?

June 7, 2022May 5, 2021

Nestlé – the world’s largest food and beverage company – has launched Wunda, a new pea-based milk alternative. Although arriving late to the plant-based milk segment, Nestlé looks set to take on the major players in the rapidly growing sector, with Wunda selling out quickly on its limited-edition launch.

Organisations and brands:

Nestlé

Company News

Heartbest Foods’ Innovative Plant Milks to be Available Throughout Mexico

November 4, 2022February 18, 2021

Mexican foodtech company Heartbest Foods, whose investors include Blue Horizons Ventures, recently announced that its plant-based milks will be available nationwide across Mexico, according to its co-founder and CEO, Aldo González. The company produces a range of vegan milk, cheeses and creams including unique drinks such as pea & amaranth.

Organisations and brands:

heartbest foods

Sproud pea milk is now stocked at Sprouts Farmers Market

Startups, Accelerators & Incubators

Pea-Milk Pioneer Sproud Raises £4.8, Plans to Take Over UK Market

January 25, 2021

Swedish pea-based milk producer, Sproud, which launched in 2018 and expanded to 15 markets in just two years, announces it has raised £4.8 million in funding. Sweden’s hottest pea protein drink successfully moved into the US and Canada last year, and now has eyes on further expansion into the UK market.

Organisations and brands:

Sproud

©vly

Interviews

vly: “We Have Sold Our Millionth Litre in Just Ten Months on the Market. “

December 22, 2020

Launching only at the beginning of this year, vly is already establishing its position on German retail shelves. With its milk alternative based on pea protein, the foodtech startup has already been listed in over 6,000 points of sale at the end of this year.

Organisations and brands:

vly

©Mighty Pea

Market & Trends

Pea Milk Market to Surpass US$138M By End of 2030

December 4, 2020December 1, 2020

The global pea milk market is anticipated to surpass a valuation of US$ 138 million by the end of 2030, according to a recent study which states that that in the short term, COVID is bringing about declining supply of pea milk due to global lockdowns, however the market is expected to experience a serious comeback.

Organisations and brands:

Mighty Pea

Market & Trends

Vegan Flax Milk Company Good Karma Foods Regains Ownership from Dairy Giant Dean Foods

August 27, 2020

Good Karma Foods, Boulder Colorado-based producer of milk and yogurt from flaxseed, has re-bought its ownership after dairy giant Dean Foods filed for bankruptcy. The move comes after an undisclosed investment from the early-stage food fund Valor Siren Ventures, along with their existing investors.

©Sproud

Company News

Sproud: “We Believe Plant Milk Will Acquire 50% of the Milk Market Share in Ten Years”

December 28, 2020August 19, 2020

It’s day three of our celebratory series about the wonderful world of plant milks, leading up to World Plant Milk Day this Saturday 22nd. Our second brand today is the delectable Sproud. Here we see how Sproud is celebrating and how the company envisions the future of the milk industry.

Organisations and brands:

Sproud

©Mighty Pea

Company News

Mighty Pea: “World Plant Milk Day is a Great Opportunity to Make a Change”

August 19, 2020

It’s day three of our celebratory series about the wonderful world of plant milks, leading up to World Plant Milk Day this Saturday 22nd. We are featuring different plant milk brands every day this week to see how they are celebrating and how they envision the future of the milk industry. Today we have two wonderful brands — Mighty Pea from the UK and Sproud from Sweden, both specialising in pea protein.

Organisations and brands:

Mighty Pea

©Sproud

Products & Launches

Disruptive Plant-Based Milk Brand Sproud to be Stocked at Sprouts Farmers Market

December 28, 2020July 27, 2020

Swedish brand Sproud, which makes plant-based milk from pea protein, has announced that its drinks will soon be available at Sprouts Farmers Market. It recently entered the North American market by launching on Amazon.

Organisations and brands:

Sproud

Sprouts Farmers Market

©Mighty Pea

Company News

UK’s Leading Pea Milk Brand Mighty Pea Secures £1 Million

July 23, 2020July 9, 2020

UK pea milk producer, Mighty Pea, which uses yellow split peas in the creation of its beverages, has secured over £1M in funding from both its existing investor base and the UK Government’s Future Fund. Launched in April 2019, the startup previously raised funds on Seedrs where it reached its target of £300k in under a week.

Organisations and brands:

Mighty Pea

Christian Christensen, Direktør Dryk ApS

Interviews

Dryk: “Our Sole Aim is to Make it Simple for Everybody to Convert From Animal-Based to Plant-Based Milk”

May 18, 2020May 18, 2020

Dryk is a dairy alternative brand seeing success in its native Denmark where it produces a large range of plant milks with ingredients including hemp, quinoa, pea, and of course the ubiquitous oat. The company develops its products in close cooperation with leading food manufacturers who take pride in creating the best quality.

Organisations and brands:

Dryk

Immage: supplied

Company News

UK’s Leading Pea Milk Brand MIGHTY Pea M.lk Announces Crowdfunding

November 8, 2020November 8, 2019

MIGHTY Pea M.lk is produced by the UK’s leading pea milk brand The Mighty Society and is created with what the company calls the “small but mighty yellow split pea.” Already a highly prestigious Sainsbury’s Future Brand, the product is available in Marks & Spencer, Holland & Barrett and more than 2,000 stores across the UK.

Products & Launches

Qwrkee Launches Innovative Pea M’lk Range

March 26, 2019March 26, 2019

Qwrkee, a new food and drink brand offering various plantbased products including snacks and dairy alternative beverages, announces the launch of innovative “pea m’lks” that are aiming to be a match for dairy in terms of nutrition, in a way that they claim is unlike other dairy alternatives currently on the market.

Products & Launches

DrinkStar Launches Milk Alternative made of Peas

February 20, 2019

DrinkStar GmbH has recently unveiled a new range of pea-based milk alternatives called PRINCESS AND THE PEA. The new pea drinks are all vegan and rich in plant-based protein, which is comparable in quantity to the protein content of conventional cow’s milk. The new products will initially only be available on the German market.

Market & Trends

Market Report: Global Market for Pea Milk Has Good Growth Opportunities

September 25, 2018

A new market research report by Transparency Market Research examines the global market for pea milk over the 2017-2025 forecast period. According to the report, pea milk will become increasingly popular in the coming years as demand for plant-based milk alternatives rises significantly. According to the Plant Based Foods Association and Nielsen, sales of plant-based foods increased by 20% last year. It’s not just well-established nut-based milks such as almond milk, soy milk or coconut milk which are steadily gaining in popularity, but also other plant-based alternatives such as oat milk, pea milk and hemp milk. The report identifies the continuing global trend towards veganism (in which consumers completely dispense with animal products) and food allergies as the reasons behind the good market prospects for …

Organisations and brands:

Transparency Market Research

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