Portland, OR—The global plant-based protein supplement industry generated $4.2 billion in 2018, and is expected to hit $7 billion by 2026, according to a report by Allied Market Research titled “Plant Based Protein Supplement Market,” analyzed by product type, form, application, and distribution channel. A press release on the topic...
Tempe, AZ—Mung bean protein can improve physical strength in vegetarians, according to a new study from researchers at Arizona State University College of Health Solutions. Researchers studied the relationship between protein intake, strength, and lean body mass in 37 underactive vegetarians, according to a press release regarding the study. For...
The plant protein ingredients market was worth over $5.5 billion in 2019, and a new report from Global Market Insights projects that demand will surpass 2.5 million tons by 2025. Growing adoption of veganism is driving market growth: In the U.K., 16% of new product launches claimed vegan or no...
[caption id="attachment_67704" align="alignright" width="425"] PURIS' Dawson Facility. Courtesy of Cargill.[/caption] Minneapolis, MN—Cargill has invested an additional $75 million in PURIS, which will enable PURIS to more than double its pea protein production using an existing 200,000 square-foot facility in Dawson, Minnesota, according to a press release. PURIS works with a...
New York, NY—OWYN, plant-based protein brand, has announced a partnership with the Crohn’s & Colitis Foundation: OWYN will donate 100% of sales from the company’s new Meal Replacement Shakes during the month of August, according to a press release. Laura Wingate, SVP of education, support, & advocacy at the Foundation,...
New York, NY—Beyond Meat began trading at $46 per share on Thursday, according to CNN, an 84% increase over its IPO price of $25. It closed at $65.75 per share, 163% over its IPO price, after hitting nearly $73 a few hours after trading opened. CNN notes that the jump...
[vc_row][vc_column][vc_column_text]There’s a major shift taking place right now: 39% of Americans now say they are actively trying to eat more plant-based foods, according to a Nielsen survey (1). There are a number of reasons driving this: Plant-based products are vegan, lactose-free, better for the planet, and full of micronutrients. And...
Marina Del Rey, CA—Axiom Foods has enlisted Univar Solutions to be its official ingredient distributor in the U.S., according to a press release. As part of this agreement, the release says, Axiom will benefit from Univar’s reach within the plant protein market and technical expertise. The agreement marks a milestone...
Chicago, IL—The NPD Group (NPD) reported in a press release that case shipments of plant-based protein from foodservice distributors to foodservice operators increased by 20% in the year ending November 2018 when compared to the year before that, with all Census regions showing double-digit growth. The West Census region...
Salisbury, MD -- Perdue Farms recently announced it will expand into non-meat options, suggesting consumers are also looking for plant-based ways to get their protein. The company is looking at investing in smaller startups, pure vegan options and options that combine meat, plant based -based proteins and vegetables, Perdue Farms...
