vegconomist - the vegan business magazine

DUBLIN–(BUSINESS WIRE)–The “Vegan Cheese Market Size, Share & Trends Analysis Report By Product (Mozzarella, Ricotta), By Source (Soy Milk, Cashew Milk), By End Use (Household, Foodservice), By Region, And Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering. The global vegan cheese market size is expected to reach USD 5.64 billion by 2028, registering a CAGR of 12.4% Increasing acceptance of veganism among the consumers, especially among the millennials, has been fueling the market growth. Growing awareness about animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products. The mozzarella product segment held the largest revenue share in 2020 and is expected to maintain its dominance over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is available in the form of slices, cubes, shredded, and spreads. The demand for mozzarella is significantly high in countries where Italian cuisine is popular. The cashew milk source segment contributed to the largest revenue share in 2020 and will expand further at a steady CAGR from 2021 to 2028. Cashew-based cheese contains vitamins B2 & B12 and low fat. This makes it favorable among health-conscious consumers across the globe. In addition, gluten- and cholesterol-free cashew products are also gaining traction owing to their health benefits. The household segment led the market and accounted for the maximum share of the global revenue in 2020. Increased consumer disposable income and willingness to ...

DESSERTO, the biomaterial made from cactus from Mexico, has obtained the V-Label certification, the most internationally recognized mark for the labeling of vegan and vegetarian products and services. The alt leather brand has also announced a new line of boxing gloves made with Adidas.  The V-Label seal has become the most widely used vegan symbol worldwide with more than 40,000 certified vegan-friendly products. The certification guarantees that the product is totally free of ingredients of animal origin. DESSERTO has been proving the versatility of the biomaterial recently, collaborating with BMW and H&M amongst others, while also winning awards from PETA.  The certification coincides with the launch of the new Tilt 350 boxing gloves made with DESSERTO in partnership with multinational Adidas Boxing. The boxing glove – made from the sustainable cactus leather – features a newly registered design that helps protect the wrists and hands of combat athletes. Adidas also recently unveiled a vegan soccer boot co-created by Stella McCartney and Manchester United’s Paul Pogba.  “We believe in leaving a big footprint in the ring, but a small footprint on the ground,” commented Christophe Dessales, Managing Director of Adidas Boxing. ...

Kinnerton Confectionery’s free from brand NOMO has won multiple awards for its Christmas range at this year’s Free From Christmas awards. The awards took place this week to recognise and celebrate seasonal free from products in the UK. Kinnerton is known as a British pioneer in the free-from segment, being one of the first companies in the UK to invest in a dedicated nut-free chocolate factory back in 1999. Since launching in 2019, Kinnerton’s brand NOMO has evolved into a recognised player in the confectionery industry. Considered UK’s number one vegan and free from brand, NOMO claims that its products are purchased twice as often as its competitors. At this year’s Free From Christmas Awards, where all products were blind-tasted by a specialist judging panel featuring well-known figures in the food and allergy worlds, NOMO has won three awards: Best Large Independent Brand, a gold award for NOMO’s cookie dough reindeer, and a silver award for its advent calendar. NOMO’s cookie dough reindeer is the newest addition to the NOMO range, featuring creamy choc and a filling made of cookie dough. With cookie dough being a mainstream flavour that vegans and allergy-sufferers will be familiar with in mainstream confectionery, NOMO’s cookie dough reindeer is aimed at free from and vegan Christmas fans who til now were not able to enjoy this treat. Additionally, NOMO’s classic advent  has made its return to shelves once again this year. The vegan and free-from advent calendar is priced at £5. Speaking to NOMO’s Christmas ...

Swedish plant-based brand Peas of Heaven is heading for European expansion, fueled by a €2.7 million late seed round capital raise. The alt meat brand will use the funding to further fulfill its mission of making it easier for more people to eat less meat. Peas of Heaven has seen impressive growth in its first three years on the market, establishing itself as one of the category leaders with over 3,000 distribution points to date.  The alt-meat brand recently launched an online store to allow customers to buy its products directly, though within a day it had sold out and had to pause to allow production to catch up.  Launched in 2018, the story of Peas of Heaven began when brothers Marcus and Lucas Karlsson took over their family’s 100-year-old sausage business and decided to go vegan. Apart from expanding into new European markets, the funds are intended for product development and optimization of current production facilities.  Sweden’s Plant-Based Economy European food and beverage tech VC Oyster Bay Venture Capital joined the Peas of Heaven funding round, having backed plant-based Swedish brands in the past, most notably Oatly in which they invested back in 2018. The Swedish government is also getting behind the country’s booming plant-based economy with investment in local crops to supply the sector. “Getting meat eaters to switch to a plant-based diet is quite a challenge. We spent three years working on our first recipes before we even launched, but we realize another key factor is accessibility. ...

NEW YORK–(BUSINESS WIRE)–LIVEKINDLY Collective, a collection of brands on track to become one of the world’s largest plant-based food companies, today announced its exclusive partnership with Popeyes® Louisiana Kitchen for the launch of the restaurant’s first plant-based entrée coinciding with the restaurant chain opening in London (UK) on the 20th November. LIVEKINDLY Collective’s Innovation Team has worked in close partnership with Peter Genna, Popeyes Global Culinary Innovation Chef, to develop the new Creole Red Bean Sandwich. Taking the original recipe from ideation to delivery took a couple of months of close collaboration. Karin Rotem, Chief Scientific Officer at LIVEKINDLY Collective, commented: “We are extremely proud of this product and the partnership which was a true collaboration between both teams. Our R&D team has developed an outstanding, innovative, premium item that is delicious and offers the authentic Cajun flavor that Popeyes is known for across the world.” The new Creole Red Bean Sandwich features a crispy, breaded 100% plant-based patty made with Popeyes’ iconic red beans and bold Cajun spices with onions, garlic, peppers, then battered and breaded using a vegan version of Popeyes’ signature buttermilk coating system. The patty, certified Halal and registered with the Vegan Society, is baked until hot and crispy and served fresh on a buttery toasted vegan brioche bun with the signature Red Creole sauce, sweet pickled red onion, baby gem lettuce and a thick slice of ripe beefsteak tomato. Peter Genna, Director of Popeyes Global Culinary Innovation, said: “From the first bite we were convinced ...

Kerry, the world’s largest taste and nutrition company, recently surveyed 3,700 people across ten Asia-Pacific countries to gauge opinions on plant-based meats. An impressive 62% of respondents said they were interested in buying meat alternatives and 44% said they intended to increase consumption of such products. Consumers also expressed a desire for meat alternatives that align better with local cuisine, an area where products imported from the West often fall short. According to Kerry Asia Pacific, Middle East & Africa (APMEA), this is something the company is well-placed to address. Didier Chanove, Business Development Director, Plant Alternatives, and Jie Ying Lee, Senior Strategic Marketing Manager, Radicle, spoke with us about their insights into developments in the Asia Pacific, Middle East & Africa region. What is the attitude in APAC [Asia-Pacific] towards plant-based products? Jie Ying: Health, rise in flexitarian diet and sustainability (the latter particularly among younger consumers) remain key drivers for consumption of plant-based products in APAC, where consumers are curious and open to experiencing new foods. This is also leading a shift to more affordable, greater variety and convenient plant-based options in the market. In response to that, food manufacturers in the region are competing to get the best plant-based product out in the market and extending their capabilities to develop more locally relevant formats, such as plant-based dim sum like siew mai and buns. The number of new plant-based brands have grown exponentially in the region, and we are starting to see supermarkets with aisles dedicated to ...

DUBLIN–(BUSINESS WIRE)–The “Making Retail Sustainable: Case Examples and Innovations 2021” report has been added to ResearchAndMarkets.com’s offering. Examples of major retailers launching environmentally friendly initiatives described in this report have become a lot more commonplace in recent years. In a retail context demand for change towards more sustainability comes from shoppers (though how much they are willing to pay for environmentally friendly products is another matter) and also employees in stores/warehouses/logistics, most employees do not want to work for a polluter in general. This will be a difficult problem to manage in the fast fashion sector, whose business model is built on a clear push to drive more consumption. There is a clear contradiction and inherent tension between the demands of sustainability and the goal of zero waste and chasing growth under a capitalist system. While the publisher has chosen to write about Tesco for example, they could have also mentioned Sainsbury’s efforts or Carrefour’s. There is no scientifically established methodology to rank the various efforts, that has proven to be uncontentious. Though what the publisher has noticed is that the overall level of engagement has considerably intensified and that the move towards net zero policies has progressed a lot over the recent decade. A problem encountered when executing an all-encompassing sustainability strategy is the sheer complexity of the topic. Definitions of sustainability include numerous ecological, social and economic aspects such as CO2 emissions/protection of the climate, resource use, human rights, Fairtrade, packaging/plastics, animal husbandry, reduction and avoidance of pesticides, ...

Meatless Farm announces a plant-based chicken breast for the UK market this Veganuary, and JBS owned Planterra Foods, announces a plant-based chicken cutlet for around the same time for the US. Here we take a look at the two products, both aimed at the flexitarian consumer. UK: Meatless Farm Plant-Based Chicken Breast Meatless Farm’s first foray into white ‘meat’ is the new Plant-Based Chicken Breast, which will be available in Tesco and Asda on the UK market for Veganuary 2022. It was awarded Gold Winner of Casual Dining Innovation Challenge 2021 and is made with a blend of plant proteins such as wheat and pea. It can be cooked from chilled in the oven, pan or grill. Morten Toft Bech, Founder of Meatless Farm, said: “We are committed to making great-tasting plant-based food more accessible and better for the planet, and what better way to do this than launch a chicken breast to mimic one of the nation’s favourite meats. Our first move into the white meat market is one of our most exciting yet and looks set to provide a viable meat alternative to more people than ever before. We can’t wait to hear customer feedback and see people cooking recipes and enjoying a Sunday roast without compromise!” USA: Planterra Foods True Bite™ Chicken Cutlet  The True Bite™ Plant-Based Chicken Cutlet comes from OZO, an offshoot of the JBS plant-based arm Planterra. The brand claims that its USP is that its flavor and texture is “comparable to that of ...

Future Market Insights (FMI)‘s latest report on the pea protein ingredients market reveals two key categories for growth in the pea protein ingredients market. At the same time, leading pea protein suppliers PURIS and Roquette are ramping up production to meet future demand. The pea protein market grew at a 6.4% CAGR between 2016 and 2020. Increasing awareness regarding the benefits of pea protein ingredients has accelerated the sales to be poised to total US$ 1.25 Bn in 2021. Apart from health benefits, the pea protein ingredients market is poised to expand at a 7.2% CAGR between 2021 and 2031 as a result of the growing trend for veganism across the globe, with the fastest-growing vegan populations localized in the US, India, the UK, and Germany.  Bakery & snacks and sports nutrition as key sectors The market report identifies the bakery & snacks sector as one of the key growth categories in the pea protein market, with sales of pea protein ingredients expected to surge at a 9.9% CAGR through 2021. In line with a recent V-Label survey that found 58% of Europeans to be interested in pea protein for sports nutrition products, plant-based sports nutrition is named as the second category to further improve sales in the pea protein ingredients market. In response to the increasing demand for pea protein ingredients for the plant-based market, pea protein leaders like North America’s PURIS and France’s ingredients specialist Roquette recently announced to open new production plants in the US and Canada. ...

As demand for plant-based foods grows in Sweden, the government has invested €2.5 million into local projects to boost the agricultural potential of the country. Focusing on crops like fava beans, the initiative aims to increase the national plant-based sector’s competitiveness and make plant-based diets more sustainable. With the majority of plant-based products consumed in Sweden made from imported soy, Vinnova – Sweden’s Innovation Agency – is funding 17 agricultural projects which will improve the self-sufficiency of the county and meet the needs of a population consuming more and more plant-based products. Despite being a country with harsh conditions for agriculture, the innovations could lead to increased growth in the sector and less reliance on – often unsustainable – soy production. One such project is based on the much under-used fava bean, with interest increasing due to its high protein content and suitability for cultivation in Sweden. Another project aims to optimize the nutrition of locally-grown whole grains for use in plant-based foods through hydrothermal treatment, reducing antinutrients by 90%. Sweden boasts a thriving plant-based economy, with brands like Hooked raising millions of euros in the alt seafood segment, and alt dairy companies like Sproud and Oatly successful around the globe. “We have good opportunities to become self-sufficient in protein-rich crops, but today there is a lack of capacity to take care of, for example, peas and beans on a large scale that are to be used in food,” Jesper Orhammar from Vinnova told TheMayor.eu ...