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Vegan
Heura Seeks Profitability After International Growth Spurs 22% Increase in Sales
Catalan plant-based meat company Heura has announced its year-on-year sales grew by 22% last year, thanks to increased distribution deals across Europe. The business now aims to be profitable by 2025.
Weeks after closing a €40M ($43M)!-->!-->!-->…
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Vegan Food Group’s Matthew Glover: ‘We’re Going Big, Because We Have To’
Matthew Glover, co-founder of the Vegan Food Group, speaks to Green Queen about the decision behind acquiring its portfolio companies, the ambition to become a "vegan Unilever", the challenging period for the sector, and the need for a!-->…
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Los Angeles County Passes Law to Make All Departmental Food Purchases Plant-Based
Los Angeles County has passed a motion to make all departmental food purchases plant-based by default, citing the environmental and human health benefits of vegan diets.
US politicians Lindsey Horvath and Hilda Solis have spearheaded a!-->!-->!-->…
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In Five Years, Plant-Based Pioneer Just Egg Has Sold Half a Billion Worth of Eggs
California's Eat Just has reached a significant milestone, with its plant-based Just Egg completing sales equivalent to 500 million chicken eggs. The development comes weeks after the startup, which owns 99% of the vegan egg market,!-->…
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Bye Bye Jerky: Beyond Meat Posts Better-Than-Expected Q4 Sales, Plans Price Increases for 2024
Plant-based giant Beyond Meat witnessed an 18% decrease in annual net revenue in 2023. Despite posting losses in Q4 too, its sales were better than expected, sending the company's shares soaring and signalling a turnaround in fortunes for!-->…
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Future Food Quick Bites: Fresh Oat Milk, Maple Leaf Merger & Vegan Easter Eggs
In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Oato's oat milk launch in retail, Maple Leaf Foods' consolidation, and a!-->…
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Vegan Food Group to Acquire Germany’s Tofutown in Latest Consolidation Deal to Drive Profitability
Following its rebrand from VFC Foods last month, the newly formed Vegan Food Group is set to acquire German tofu manufacturer Tofutown for an undisclosed sum. With four businesses under its portfolio, the company aims to bolster revenue!-->…
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Price Parity: 6 Steps to Make Plant-Based Meats Cheaper Than Conventional Meat
With even the cheapest plant-based meat products usually more expensive than conventional protein, cost remains a key consumption barrier for vegan alternatives – a new report shows how these can reach price parity.
Plant-based meat has!-->!-->!-->…
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Not ‘Mylk’: Plant-Based Industry to Fight New UK Proposal That Could Force Alt-Dairy Products to Change Their Labels
A British trade standards group is pushing for guidance that would ban the use of alternative descriptors like 'mylk', 'cheeze', or 'yoghurt-style' on plant-based dairy packaging.
The UK could soon issue new guidance prohibiting!-->!-->!-->…
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Italy Rethinking Its Plant-Based Meat Labelling Ban to Avoid ‘Conflict with Italian Companies’
Despite its hard-line stance on alternative protein in the last few months, Italy is reconsidering its ban on using meat-like terms on plant-based product labels, with Agriculture Minister Francesco Lollobrigida indicating that he doesn't!-->…
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Society’s Burden: How Taxpayers Carry the Crushing Costs of Livestock Production
From pollution and destruction to disease, the societal costs of livestock meat production are an incredible burden.
In 2020, the average American ate almost 280 pounds of meat, a figure which is very likely higher today. Many!-->!-->!-->…
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Beyond Meat IV: Meatier, Healthier & Costlier Plant-Based Burgers
Californian plant-based giant Beyond Meat has unveiled its first beef product reformulation in three years, with the Beyond IV burger and mince now featuring avocado oil, fava beans and lentils. It's a more nutritious product, but it's!-->…
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10,000 Locations by Year-End: Meati Appoints New CEO, Lays Off 13% Staff in Bid for Profitability
US mycelium meat maker Meati has appointed a new CEO and cut 13% of its workforce in a right-sizing move aimed at reaching profitability.
Meati has switched up its C-suite by making Phil Graves its new CEO. The former Patagonia!-->!-->!-->…
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The Body Shop: How the Ethical Beauty Pioneer’s Fortunes Soured, and What Happens Next
The Body Shop has announced that its UK and German operations have gone into administration, with its business in other countries also in jeopardy. How did it get here, and what's next?
A pioneer of cruelty-free beauty and a beloved!-->!-->!-->…
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Inside Meat the Mushroom’s Vegan Bacon Pitch on Shark Tank
Black-owned plant-based meat company Meat the Mushroom secured investment from two Sharks in the ongoing season on Shark Tank – here's the inside story on how it all went down.
"In Shark Tank, we have so many plant-based products – they!-->!-->!-->…
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Oatly 2023 Earnings Reports: More Revenues, More Losses As Company Aims for Profitability with New Barista Milks
The oat milk leader posted an 8.5% increase in year-on-year revenue, though annual losses grew by 6.2%, primarily due to abandoning the construction of three production facilities.
The company has promised to focus on!-->!-->!-->…
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Meet the Entrepreneur Taking Hong Kong’s Vegan Bakery & Cheese Scene to the Next Level
The Cakery founder Shirley Kwok speaks to Green Queen about her new businesses shaking up Hong Kong's plant-based scene: vegan cheese brand Cultured and plant-forward bakery Maya.
Shirley Kwok is one busy lady. Under her entrepreneur!-->!-->!-->…
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Smashburger Jumps on Whole-Food Plant-Based Trend with Jack & Annie’s Jackfruit Burger at All 235 US Locations
US fast-casual chain Smashburger has partnered with jackfruit meat producer Jack & Annie's to debut a new burger across its locations nationwide, the latest example of a QSR embracing whole-food plant-based products.
With health and!-->!-->!-->…
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TurtleTree Achieves First Vegan Certification for Precision-Fermented Dairy Proteins
Singaporean startup TurtleTree has become the first precision fermentation dairy company to earn a vegan certification, with its animal-free lactoferrin protein LF+ now sporting the Certified Vegan logo by Vegan Action.
Called LF+,!-->!-->!-->…
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Plant-Based Meats Grow by 14% in Australian Retail, with Burgers Making Way for Deli Meats & Ready Meals
Despite facing a tough time globally, Australia's plant-based meat sector has proliferated in the last few years, with the number of products on sale in retail channels growing by 14% from 2022-23, according to alternative protein think!-->…
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Is Marbling the ‘Holy Grail’ for Plant-Based Steak?
As more and more companies focus on whole-cut plant-based meats, some are relying on fat to produce highly desired marbled textures for consumers – could it be the new 'holy grail' for vegan steak?
Last year, scientists at Texas!-->!-->!-->…
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