MorningStar Farms Grows Its Plant-Based Incogmeato Line With New Chik n Tenders forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
PeopleImages/iStock/Getty Images Purchase of Europe’s third-largest plant-based protein producer includes three manufacturing facilities, research center in the Netherlands.
JBS, the world’s largest protein company and second-largest food producer, has entered into an agreement to purchase Vivera, Europe’s third-largest plant-based food company, for an enterprise value of 341 million euros ($410 million). Vivera develops and produces a broad range of innovative plant-based meat replacement products for major retailers in over 25 countries across Europe, with relevant market share in the Netherlands, the United Kingdom and Germany. The deal includes three manufacturing facilities and a research and development center located in the Netherlands.
Post Holdings leads $25M funding round for Hungry Planet fooddive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fooddive.com Daily Mail and Mail on Sunday newspapers.
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It can be hard to keep up with the plant-based food industry. Every month seems to bring buzzy product launches and press releases from startups about the millions of dollars they’ve raised from investors. At the same time, big-name traditional food companies continue to launch their own lines of dairy- and meat-free foods at a rapid clip.
Each year the Plant Based Foods Association and the Good Food Institute the two main groups that advocate for meat and dairy alternatives publish a state of the industry of sorts, analyzing how these products actually perform in grocery stores. It’s a useful zoom-out that helps put the blitz of plant-based food development into perspective.
Impossible Foods Targets a $10 Billion Valuation
Posted April 13, 2021
The IPO rumor mill is swirling with news that Impossible Foods could be preparing for a $10 billion IPO. Yes, you read that right $10 billion.
If you aren’t familiar with the company, it develops plant-based substitutes for meat products similar to recently the IPO d Beyond Meat (NASDAQ: BYND). You could say that Beyond Meat sort of started the craze for plant-based food alternatives and substitutes for meat products with its IPO. There weren t too many people talking about plant-based alternatives until the news of Beyond Meat’s market debut. Now, most grocery stores have a special (and growing) section for plant-based alternatives.