Johnson v Gore Wood & Co

Wave of New Plant-Based Protein Products Hitting Chain Restaurants Around the World

Retrieved on: 
Wednesday, October 13, 2021

"Charged by the plant-based movement and an exceptional product line-up, we are now looking forward to forging a new history," said Woods in the letter.

Key Points: 
  • "Charged by the plant-based movement and an exceptional product line-up, we are now looking forward to forging a new history," said Woods in the letter.
  • The World Health Organization estimates of between 1-3% of adults globally have some food allergy, highlighting how that number increases to 4-6% for children.
  • "Producing high-quality and nutritious allergen-free food can be challenging and requires specialized technical creativity," wrote Wood in the letter.
  • "This enhanced footprint will further develop our manufacturing and supply chain advantages to support growth across our business, including oat milk."

Wave of New Plant-Based Protein Products Hitting Chain Restaurants Around the World

Retrieved on: 
Wednesday, October 13, 2021

VANCOUVER, BC, Oct. 13, 2021 /PRNewswire/ -- USA News Group - New options for plant-based proteins and meat alternatives are sprouting up in restaurants and grocery stores around the globe. According to a recent NY Times piece, these include multi-billion dollar chain Peet's Coffee adding a mung-bean based vegan breakfast sandwich to its menu, soft-serve shop 16 Handles, collaborating with Oatly Group AB (NASDAQ:OTLY), and Panda Express adding a faux chicken item from Beyond Meat (NASDAQ:BYND) to its menu. In order to meet this increasing demand, many will be turning to the innovators in the space, including Oatly and Beyond, as well as non-allergenic, textured hemp protein experts Nepra Foods (CSE:NPRA), SunOpta Inc. (NASDAQ:STKL) (TSX:SOY) and animal-free chicken fat makers MeaTech 3D Ltd. (NASDAQ:MITC).

Key Points: 
  • "Charged by the plant-based movement and an exceptional product line-up, we are now looking forward to forging a new history," said Woods in the letter.
  • The World Health Organization estimates of between 1-3% of adults globally have some food allergy, highlighting how that number increases to 4-6% for children.
  • "Producing high-quality and nutritious allergen-free food can be challenging and requires specialized technical creativity," wrote Wood in the letter.
  • "This enhanced footprint will further develop our manufacturing and supply chain advantages to support growth across our business, including oat milk."