Billions Being Invested In Plant-Based Protein Infrastructure and THESE 4 Food Stocks are in the Mix March 14, 2022 - Baystreet.ca VANCOUVER – Having already generated a record $5 billion in disclosed investments in 2021, the rapidly growing sustainable protein industry still needs approximately $27 billion more in plant-based ingredients infrastructure in place to meet 2030 demand, according to the Good Food Institute. In 2020, the plant-based food market totaled $29.4 billion, and according to Statista it’s expected to grow to $77.8 billion by 2025. The meatless protein industry continues to expand into multiple segments, such as faux meats, snacks and wholesale ingredients for Consumer Packaged Goods (CPGs). Innovation and investment continues to gain momentum in the sector, including THESE 4 food stocks: Campbell Soup Company (NYSE:CPB), Hormel Foods Corporation (NYSE:HRL), General Mills, Inc. (NYSE:GIS), and Post Holdings, Inc. (NYSE:POST). Campbell Soup Company (NYSE:CPB) Four years ago, Campbell Soup launched a line of plant-based protein soups under the Well Yes! Brand—which featured proteins like chickpeas, lentils and quinoa. They would then go on to develop more plant-based options under their signature red-and-white-cans line. Back then, Campbell’s Senior Vice-President, Carlos Barroso, said the company was “literally scouring the earth” to find new sources of protein. Then in 2020, Campbell’s added new plant-based sauces to its Prego+ line. “We recognized that interest in plant-based foods is at an all-time high, and with 42% of consumers already admitting to using sauces to hide veggies,* we set out to create a sauce that makes it easy to incorporate veggies and plant protein into meals,” said Campbell Executive Chef Bryan Cozzi. Hormel Foods Corporation (NYSE:HRL) Competitors Hormel Foods recently announced a partnership with the makers of the HAPPY LITTLE PLANTS brand to bring plant-based proteins to pizza chefs all over. As per their announcement, the two companies will be bringing plant-based protein pizza toppings to menus and events across America in 2022—including through The World Pizza Champions™. “This collaboration will bring plant-forward pizza topping options to team members’ restaurants, as well as several events in 2022, including the country’s foremost pizza event, Pizza Expo in Las Vegas, [Nevada],” said Anthony Panichelli, brand manager for Foodservice at Hormel Foods. “We are proud to partner with such a credible and reputable organization to bring this brand to foodservice operators nationwide.” General Mills, Inc. (NYSE:GIS) Late in 2021, General Mills launched its own animal-free dairy cheese brand, called Bold Cultr, made with Perfect Day’s fermentation-created dairy proteins. This was marked as the first Big Food launch of a product made with animal-free dairy proteins, and the second cream cheese to be made this way. “Many of the consumers we talked to want to be animal-free but cheese is holding them back – the alternatives aren’t doing what consumers want them to," said Bold Cultr Co-founder Laura Engstrom, a 10-year veteran of General Mills. "We’re excited to reimagine what cheese can be and tackle this consumer problem head on.” In March of 2022, the Bold Cultr product was announced to be available in bagel shops, through the Rise Bagel Co. in its North Loop. “It’s about elevating the whole bagel experience,” said Kate Lloyd, co-owner of Rise, a Minneapolis-based bagel bakery that touts its organic ingredients. “We’ve always cared about the quality of ingredients. We really care about sustainability and environmentalism, so we’re really excited about this partnership.” Post Holdings, Inc. (NYSE:POST) Another food giant known for its breakfast related offerings is Post Holdings, which in early 2021 announced a strategic collaboration with plant-based startup Hungry Planet to potentially collaborate on manufacturing and product development. “Working closely with Post, we are accelerating the breadth of market we can reach by leveraging their established relationships with retailers and distributors,” said Hungry Planet co-founders Todd and Judy Boyman in an email statement to Food Navigator USA. “Additionally, we are partnering with Post to make new, innovative plant-based items that will further grow this exciting market segment.” Earlier in March 2022, Hungry Planet debuted its new Breakfast Sausage at the Natural Foods Expo West, in Anaheim, California.
Billions Being Invested In Plant-Based Protein Infrastructure and THESE 4 Food Stocks are in the Mix March 14, 2022 - Baystreet.ca VANCOUVER – Having already generated a record $5 billion in disclosed investments in 2021, the rapidly growing sustainable protein industry still needs approximately $27 billion more in plant-based ingredients infrastructure in place to meet 2030 demand, according to the Good Food Institute. In 2020, the plant-based food market totaled $29.4 billion, and according to Statista it’s expected to grow to $77.8 billion by 2025. The meatless protein industry continues to expand into multiple segments, such as faux meats, snacks and wholesale ingredients for Consumer Packaged Goods (CPGs). Innovation and investment continues to gain momentum in the sector, including THESE 4 food stocks: Campbell Soup Company (NYSE:CPB), Hormel Foods Corporation (NYSE:HRL), General Mills, Inc. (NYSE:GIS), and Post Holdings, Inc. (NYSE:POST). Campbell Soup Company (NYSE:CPB) Four years ago, Campbell Soup launched a line of plant-based protein soups under the Well Yes! Brand—which featured proteins like chickpeas, lentils and quinoa. They would then go on to develop more plant-based options under their signature red-and-white-cans line. Back then, Campbell’s Senior Vice-President, Carlos Barroso, said the company was “literally scouring the earth” to find new sources of protein. Then in 2020, Campbell’s added new plant-based sauces to its Prego+ line. “We recognized that interest in plant-based foods is at an all-time high, and with 42% of consumers already admitting to using sauces to hide veggies,* we set out to create a sauce that makes it easy to incorporate veggies and plant protein into meals,” said Campbell Executive Chef Bryan Cozzi. Hormel Foods Corporation (NYSE:HRL) Competitors Hormel Foods recently announced a partnership with the makers of the HAPPY LITTLE PLANTS brand to bring plant-based proteins to pizza chefs all over. As per their announcement, the two companies will be bringing plant-based protein pizza toppings to menus and events across America in 2022—including through The World Pizza Champions™. “This collaboration will bring plant-forward pizza topping options to team members’ restaurants, as well as several events in 2022, including the country’s foremost pizza event, Pizza Expo in Las Vegas, [Nevada],” said Anthony Panichelli, brand manager for Foodservice at Hormel Foods. “We are proud to partner with such a credible and reputable organization to bring this brand to foodservice operators nationwide.” General Mills, Inc. (NYSE:GIS) Late in 2021, General Mills launched its own animal-free dairy cheese brand, called Bold Cultr, made with Perfect Day’s fermentation-created dairy proteins. This was marked as the first Big Food launch of a product made with animal-free dairy proteins, and the second cream cheese to be made this way. “Many of the consumers we talked to want to be animal-free but cheese is holding them back – the alternatives aren’t doing what consumers want them to," said Bold Cultr Co-founder Laura Engstrom, a 10-year veteran of General Mills. "We’re excited to reimagine what cheese can be and tackle this consumer problem head on.” In March of 2022, the Bold Cultr product was announced to be available in bagel shops, through the Rise Bagel Co. in its North Loop. “It’s about elevating the whole bagel experience,” said Kate Lloyd, co-owner of Rise, a Minneapolis-based bagel bakery that touts its organic ingredients. “We’ve always cared about the quality of ingredients. We really care about sustainability and environmentalism, so we’re really excited about this partnership.” Post Holdings, Inc. (NYSE:POST) Another food giant known for its breakfast related offerings is Post Holdings, which in early 2021 announced a strategic collaboration with plant-based startup Hungry Planet to potentially collaborate on manufacturing and product development. “Working closely with Post, we are accelerating the breadth of market we can reach by leveraging their established relationships with retailers and distributors,” said Hungry Planet co-founders Todd and Judy Boyman in an email statement to Food Navigator USA. “Additionally, we are partnering with Post to make new, innovative plant-based items that will further grow this exciting market segment.” Earlier in March 2022, Hungry Planet debuted its new Breakfast Sausage at the Natural Foods Expo West, in Anaheim, California.