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Faux-Meat Makers Jockeying for Position with New Products

FN Media Group Presents USA News Group News Commentary

 

Vancouver, BC – December 15, 2021 – USA News Group  –  The world’s largest manufacturer of frozen potato products to retail and food-services companies, McCain Foods, just announced it’s investing $55 million into Irish, plant-based start-up Strong Roots. The move signals another major food entity entering the race for plant-based burgers and other plant-based “meats” , in what’s being projected by Bloomberg Intelligence to be a $162 billion market by 2030. Competition in the field is getting fierce, as new non-beef faux-meat products are being researched such as burgers made from maggots and mealworms, and established industry player Beyond Meat (NASDAQ:BYND), just poached two meat industry veterans from Tyson Foods, Inc. (NYSE:TSN). Other alternative protein producers that are launching facilities and products include Nepra Foods (CSE:NPRA) (OTC:NPRFF), ICL Specialty Products of the ICL Group Ltd (NYSE:ICL), and even Anheuser-Busch InBev SA/NV (NYSE:BUD).

 

Coming fresh off of a very successful oversubscribed IPO, Nepra Foods (CSE:NPRA) (OTC:NPRFF) recently saw its revenues increase 242% year over year, and is projecting further growth potential on the horizon for its allergen-free high protein N-50 hemp flour and its ready-to-eat PROPASTATM line.

 

“We are very pleased to see our third-quarter results reflected in our commitment to expanding Nepra’s best-in-class product offerings to the burgeoning plant-based and allergen-free food markets,” said Nepra CEO David Wood. “As the plant-based market forecast continues to trend upwards, our supply pipeline is strong and positioned for further significant growth by providing the right ingredients in this opportune moment. As a result, our future order book growth is accelerating.”

 

Among the drivers of Nepra’s new products has been the rising development of new ingredients, which saw their production output increase over 400% in 2021. Thanks to plenty of valuable R&D work, Nepra’s already produced a wide array of proprietary hemp-base proteins, that are included in their current consumer marketed plant-based meats, dairy alternatives, and baked snacks, and are also sold as B2B ingredients.

 

Moving forwards as part of its phased growth strategy, Nepra signed a 10-year lease on a new 31,000 square foot facility, with major construction underway to increase manufacturing output and expedite the development of innovative new products.

 

One of Nepra’s newest products for the PROPASTATM line is the Spaghetti and Meatballs product. The product’s meatballs are a beef analogue made from Nepra Foods’ proprietary Textured Hemp Proteins (THP)TM, while the high-protein pasta noodles also use hemp flour as the base.

 

“This past quarter does not yet include revenue contribution for our soon-to-be-launched consumer products goods division,” added Wood. “Further, led by PROPASTA™, we expect to add new product categories and customers across our multiproduct and multi-vertical divisions in the next several fiscal quarters.”

 

Making moves to further solidify its presence in the faux-meat scene is industry giant Beyond Meat, that recently reported its net revenues increased 13% year-over-year, and international net revenues increased 143% year-over-year.

 

However, its latest move involved bringing on two protein industry veterans into top executive roles as the company accelerates its global growth strategy. The new additions are Doug Ramsey as Chief Operating Officer, and Bernie Adcock as Chief Supply Chain Officer, both of which come over from Tyson Foods, Inc. (NYSE:TSN).

 

“Doug and Bernie bring a proven track record of impressive operational excellence in the protein industry that our global partners, customers, and consumers expect and deserve,” said Ethan Brown, Founder and CEO, Beyond Meat. “As we’ve made clear, we are investing today in tomorrow’s growth, whether by adding to our best-in-class management team or by building out operations around the world, to advance our vision of being the global protein company of the future.”

 

Meanwhile, Tyson Foods, Inc. (NYSE:TSN) isn’t going to let the remainder of its employees think they’re not appreciated, as the company just announced it plans to give frontline, hourly team members approximately $50 million in year-end bonuses.

 

“This is yet another way for us to say thank you and show how grateful we are for our frontline teams’ efforts to keep each other safe, our company strong and our world fed over the past year,” said Donnie King, President and CEO of Tyson Foods. “While 2021 presented many challenges, our entire Tyson team continued to meet them, head on.”

 

While plant proteins weren’t explicitly mentioned in the company’s Q4 2021 financial results, it’s known in the industry that Tyson was an early investor in Beyond Meat, and that the ood giant would go on to bolster its Raised & Rooted product line, and introduce its first plant-based burger back in May of 2021.

 

Israel-based ICL Group Ltd (NYSE:ICL) recently opened its new $18 million plant-based protein facility in St Louis, that purports to make “food of the future”. Under its ICL Specialty Foods subsidiary, the company will make plant-based alternative protein products with peas from Canada at the facility.

 

ICL’s foray into the plant-protein space includes a 10,000-square-foot expansion of its already established operations, which makes various products that go into consumer goods. The company will now also produce a plant-based meat substitute for food companies, distributors, restaurants and grocery chains. The facility is expected to make more than 15 million pounds of product annually at full capacity, which officials believe they can reach within two years.

 

Also in St Louis, beermakers Anheuser-Busch InBev SA/NV (NYSE:BUD) are investing in the plant-protein business, by building a $100 million plant for its EverGrain company, which turns the remnants of barley from brewing into protein and fiber supplements in order to repurpose the protein for enhanced bread, pasta, and milk products.

 

“Up until a few years ago, what we did was take this barley malt, ferment, and produce beer. In the fermentation process, the yeast takes all the starch or the carbohydrates from the barley and leaves the grain that is very rich in protein and fibers,” said Anheuser-Busch InBev CEO Michel Doukeris. “Through technology, especially biotech technology, we were able to do a separation with the fiber and the protein, and now we have an amazing amount of protein — that is very high-quality protein without any carbohydrates — that we can sell.”

 

As of last year, EverGrain only operated a relatively small $15 million facility in New Jersey. Now the company has already begun to “commercialize the product,” with plans to take the protein to large companies in the U.S. and Europe.

 

Article Source: https://usanewsgroup.com/2021/09/05/the-plant-based-food-revolution-is-here/

  

DISCLAIMER:

 

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Nepra Foods. advertising and digital media from USA News Group (“the Company”). There may be 3rd parties who may have shares of Nepra Foods, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Nepra Foods, which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Nepra Foods  at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles.

 

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

 

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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U.S. Phone: +1(954)345-0611

 

SOURCE USA News Group

The post Faux-Meat Makers Jockeying for Position with New Products appeared first on Financial News Media.

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