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Investorideas.com - Superfoods Innovation Snapshot (CSE: $RSF.C) (NYSE: $LSF) (CSE: $VERY.C) (CSE: $VEGA.C)

Superfoods Innovation Snapshot (CSE: $RSF.C) (NYSE: $LSF) (CSE: $VERY.C) (CSE: $VEGA.C) ....

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PepsiCo Links Up With Beyond Meat To Develop Plant-Based Snacks

27th January 2021
PepsiCo and meat substitutes firm Beyond Meat have formed a joint venture to develop and sell snacks and drinks made from plant-based protein.
The newly-created ‘The PLANeT Partnership’ will aim to leverage Beyond Meat’s technology in plant-based protein development and PepsiCo’s marketing and commercial capabilities to create new lines that tap into growing consumer demand for vegan products.
As well as its namesake soft drink, PepsiCo owns brands such as Walkers, Lays, Quaker and Doritos. Like other major food manufacturers, it has been looking to expand its portfolio towards more health-focused snacks and beverages.
“Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products,” said Ram Krishnan, PepsiCo Global Chief Comm ....

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Beyond Meat Joins PepsiCO to Launch Plant-Based Snacks, Drinks

The plant-based food market is anticipated to be worth over 74 million by 2027, and because of this projected growth, many companies are jumping into the plant-based world to get a slice of the (dairy-free) pie. As consumers switch to this diet for their health, the environment, and the planet, brands are looking to launch products that will resonate with this lifestyle change. One such company is PepsiCo, which just announced that it s teaming up with Beyond Meat, to launch plant-based snacks and drinks.
These plant-based snacks and drinks will launch under the joint venture The PLANeT Partnership LLC. Beyond Meat s stock skyrocketed 31 percent after this announcement, making it the largest single-day gain since the company went public in 2019. ....

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Beyond Meat spikes 39% after it forms partnership with Pepsi to develop plant-based snacks

Beyond Meat spikes 39% after it forms partnership with Pepsi to develop plant-based snacks
insider@insider.com (Insider Inc.)
© Brendan McDermid/Reuters
than Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company s IPO at the Nasdaq Market site in New York, U.S., May 2, 2019. Brendan McDermid/Reuters
Beyond Meat spiked as much as 39% on Tuesday after it announced a partnership with Pepsi.
The two companies will work together to develop plant-based snacks and beverages.
Financial terms of the partnership were not disclosed.
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Shares of Beyond Meat spiked as much as 39% on Tuesday after the alternative meat company formed a partnership with Pepsi to develop plant-based snacks and beverages. ....

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PepsiCo and Beyond Meat® Establish The PLANeT Partnership, LLC, a Joint Venture to Introduce New Plant-Based Protein Offerings

PepsiCo, Inc. (NASDAQ: PEP)
and Beyond Meat, Inc. (NASDAQ: BYND) today announced they will form The PLANeT Partnership, LLC (TPP), a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat s leading technology in plant-based protein development and PepsiCo s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC (TPP).
Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products, said Ram Krishnan, PepsiCo Global Chief Commercial Officer. Beyond Meat is a ....

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