CHICAGO, Ill. (Reuters) — Brazilian meat packer JBS is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said. The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. Colorado-based Planterra sold fake meat under the Ozo brand, but JBS will now focus on its […] Read more
Tag Archives plant-based protein — page 3
Pea plants planned for Alta.
Alberta’s agri-food processing sector is adding two pea processing facilities with the announcement of a $225 million wet fractionation plant planned for Strathmore and the opening of a testing facility in Lethbridge. The Phyto Organix plant in Strathmore is being touted as the largest single private investment in the town of nearly 15,000 people and […] Read more
Plant-based meat growth stalls
The growth in plant-based meat products flatlined in 2021, according to the Good Food Institute. Sales in the United States stagnated at US$1.4 billion after experiencing a 46 percent increase in 2020. The 2021 performance of zero growth fell far short of industry expectations, but GFI doesn’t believe the industry has reached its peak. “The […] Read more
Pea innovation funded in Alta.
The $100 million investment to develop a Bowden, Alta., yellow pea wet fractionation plant, which broke ground last fall, is seeing spin-off investments with another nearly $30 million being announced for the region’s burgeoning industry last month. A consortium that includes Protein Industries Canada, More Than Protein Ingredients Ltd., Quantum Mechanical Technology Inc. and Hamman […] Read more
Protein parity expected soon
Non-animal proteins are about to lose a disadvantage and start building an advantage, according to Sylvain Charlebois, an agri-food industry analyst. Within a few years, plant-based protein products designed to compete with meat should cost about the same to produce as protein from animals, with micro-organism and animal-cell-based proteins close behind. “Vegetable proteins are going […] Read more
Commodities trader Louis Dreyfus enters plant protein market
NEW YORK, March 15 (Reuters) – Commodities trader and food processor Luis Dreyfus Co said on Tuesday it was entering the plant protein business, the latest among large global food groups to invest in a segment expected to keep growing in coming years. Dreyfus – the “D” in the ABCD group of leading international food […] Read more
Merit plant blazes trail in plant protein reality
The company pioneers the commercial food use of canola protein isolates at the facility it has just built in Winnipeg
The air is filled with the buzz and whine of industrial white noise that forces everybody here to wear noise-deafening earmuffs, but the plant is open and spacious. There’s lots of room around the gleaming stainless-steel pipes and processors, across the metal grate floors and stairs and under the high ceilings that form the home […] Read more
Analysts say McDonald’s, Beyond Meat plan big U.S. McPlant expansion
NEW YORK, Dec 14 (Reuters) – McDonald’s Corp is planning a major expansion of its plant-based burger with Beyond Meat Inc in the United States in 2022, according to two Wall Street analysts. The companies began testing the “McPlant” patty in eight McDonald’s U.S. locations in November. Those restaurants have been selling enough of the […] Read more
Plant protein sector expansion sparks growing pains
Players in the plant protein industry made headlines in recent weeks that will be closely watched to see if the sector can live up to the excitement or hype heaped upon it. There is still a good argument that plant protein products have a bright future, but to maximize growth, promoters might have to put […] Read more
Pea plant opens for business
PORTAGE LA PRAIRIE, Man. — A thousand things can go wrong when you try to build a $600 million processing plant on another continent. Roquette took on those risks when the French company decided to build the world’s biggest pea protein plant in Portage la Prairie, Man. On top of those, the fates cast a […] Read more
