Facts & Figures – Page 2 – vegconomist – the vegan business magazine

Actual Veggie Burgers Expand Report 300% growth

©Actual Veggies

Actual Veggies Reports Over 300% Growth in Past Year, Expands into Whole Foods Markets

July 25, 2023

US veggie burger brand Actual Veggies announces it has achieved a stunning 338.2% growth in the past year, driven by its online presence and expansion into major retailers. The brand will continue its momentum by unveiling new packaging and launching frozen veggie burgers in a new 4-pack format at Whole Foods Markets. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“It’s incredible to see how these burgers have soared in popularity, even amidst a downturn in the plant-based category”[/perfectpullquote] Founded in 2020, Actual Veggies has gained a loyal following for its line of clean-label, chef-crafted burgers made with only whole vegetables, grains, and spices. After appearing on the QVC home shopping channel, the company sold $75,000 worth of products in under eight minutes and has since …

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©pink albatross

Spain’s Pink Albatross Exceeds 2,000 Points of Sale, Expects to Turnover €1.1 million This Year

July 11, 2023

Pink Albatross, the Spanish 100% plant-based ice cream company, announces that its distribution has multiplied this season and it has managed to expand into more than 10 new retail outlets. In addition, the company has stated that it expects to reach a turnover of 1.1 million euros by end of 2023. The points of sale where these ice creams can be purchased are in all Carrefour locations entailing more than 200 hypermarkets; in around 60 Eroski, Caprabo and Familia shops; and in more than 105 Bon Preu and Esclat supermarkets. Pink Albatross products have also entered more than 160 points of sale of Supermercados MAS and Cash Fresh, of the Sevillian group Hermanos Martín; in 44 Hiper Usera shops, in an in&out in around 60 …

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Vitasoy Recovers From Last Year’s Losses to Record HK$104M Profit

June 28, 2023

Hong Kong-based plant milk brand Vitasoy has published positive results for the financial year 2022/2023, after turning around previous losses. The company recorded a profit from operations of HK$104 million for the year ending in March, compared to a loss of HK$213 million in FY 2021/2022. This was achieved in spite of the increased cost of energy and raw materials, mainly due to cost rationalizations in mainland China and an increase in government subsidies in Hong Kong. Results by region Vitasoy continues to lead the Chinese soymilk market, and registered an operating profit of RMB40 million this year versus a loss of RMB280 million in FY2021/2022. However, revenue dropped slightly by 2%. The company’s Australia and New Zealand operation saw a 3% revenue increase, with …

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Renegade Foods Triples Production of Vegan Charcuterie Products Just Months After “Game-Changing” Launch

June 27, 2023

Berkeley, CA-based Renegade Foods, a producer of plant-based charcuterie products like salami, chorizo, and sobrasada, announces it has tripled its production capabilities amid increased consumer demand. Co-founder and CEO Iona Campbell states that the brand’s “commitment to creating delicious food leveraging age-old techniques and high-quality ingredients” is fueling company growth. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”We felt that shelf stability would be a game changer, and it is proving to be true”[/perfectpullquote] Launched in 2019 by Campbell and Co-founder Kalie Marder, Renegade Foods today reports the addition of more than 20 new accounts following the launch of an “industry first” shelf-stable, vegan salami that can be stored, shipped and merchandised without the need for refrigeration. Furthermore, the company says it has eliminated 80% …

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©Barvecue

Barvecue Announces B Corp Certification and Revised Branding

June 22, 2023

North Carolina plant meat producer Barvecue announces it has achieved B Corp certification, which it says reflects its positive commitment to corporate development and governance. The news closely follows Barvecue’s announcement of the closing of its seed round with the funds invested to support continued growth of its retail and foodservice business and the maintenance of its Carolina Smokehouse production facility. Barvecue joins B Corp community of 6,300+ To become a certified B Corporation, companies undergo an assessment of the impact of their operations and business model on their employees, customers, communities, and the environment. In doing so, they must achieve a minimum score of 80 points on the B Impact Assessment. Barvecue announces that it has achieved an overall score of 111.9 with the …

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©JUST Egg

JUST Egg Reports 14% YOY Retail and Food Service Growth in US

June 12, 2023

Leading plant-based egg brand JUST Egg announces it has expanded its US retail and food service distribution by 14% since last year. Halfway into 2023, the company reports a “significant increase” of 1,000 new Walmart locations and 800 Kroger stores carrying JUST Egg products, as well as 1,500 food service locations. Large retail growth Compared to 2022, JUST Egg’s plant-based eggs can be found in 14% more retail locations across the US, according to Nielsen data. These include Walmart, of which 1,000 new stores added JUST Egg’s pourable liquid scramble, while another 1,000 began stocking the popular JUST Egg Folded this year. In May, the company expanded JUST Egg Folded to 800 Kroger stores. In addition to retail, JUST Egg has accelerated its reach in …

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Unilever Aims for €1.5Bn in Sales From Plant-Based Products by 2025

May 29, 2023

Multinational consumer goods producer Unilever has revealed that it aims to achieve €1.5 billion in sales from plant-based products by 2025. The target is part of Unilever’s goals to reduce its carbon emissions and sustainably feed a growing population. At the recent BusinessWorld Economic Forum, Kristine A. Go — general manager for nutrition at Unilever Southeast Asia — outlined a food technology wheel developed by the company’s Netherlands-based Food Innovation Centre. The wheel is made up of six health and sustainability strategies: Natural and nutritious food — Fortifying Unilever products with nutrients, which will be tailored to the dietary needs of specific countries. Microstructure and textures — Creating plant-based products that replicate the texture of animal products. Culinary experiences — Ensuring vegan products taste like …

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abillion Celebrates Fifth Anniversary, Surpassing $2.8M in Donations & 1M Downloads

May 24, 2023

Sustainability platform abillion is celebrating its five-year anniversary, along with the achievement of a number of significant milestones. The abillion app has now been downloaded a million times, while the company has broken records by donating over $2.8 million to global impact partners in more than 180 countries worldwide. These donations have helped to create impact for animals, children, and the environment. abillion has also raised over $17 million of investment since its inception, recently closing its first ever community investment round where 290 members worldwide invested over $500,000. The company has grown by 20 times over the past two years. “At abillion, we’re working to inspire people to discover purpose and values through the things all of us do every day,” says founder and …

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Veganz Publishes Annual Report 2022

May 12, 2023

Veganz Group of Berlin, like most businesses, had to contend with the ongoing economic weakness in 2022: after the focus of food retailing and the discount sector in the first months of the year was on ensuring basic supplies for the population, the young core target group in particular (Generation Z and Millennials+) was most recently heavily impacted by price increases in view of their comparatively low income. Overall, this development made it more difficult to relist Veganz products and implement promotional measures, and led to a decline in sales for Veganz Group AG to EUR 23.6 million (previous year: EUR 30.4 million). In contrast, the number of points of sale (“POS”) as of December 31, 2022 increased to 28,217 (December 31, 2021: 25,199) – …

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©Else Nutrition

Else Nutrition’s Vegan Cereals For Babies & Toddlers Now Available in 7,000 CVS Stores

May 2, 2023

Else Nutrition recently announced that two of its products — Baby Super Cereal and Toddler Organic — are now listed in more than 7,000 CVS Pharmacies, the largest pharmacy chain in the US. Additionally, itss Toddler and Kids Shake SKUs are now avilable at 440 Loblaws stores, Canada’s largest retailer, as of last month. This expansion follows the successful launch of Toddler Organic in 1,040 retail stores in September 2022. Else’s Baby Super Cereal is the number one most popular baby cereal on Amazon, according to the company, and is also the first Clean Label Purity Award-winning cereal product for babies without heavy metals in the United States. The cereals have Clean Label certification contain no animal ingredients, no soy and no gluten. According to …

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©Happyvore

France: HappyVore Reaches 2nd Place in Plant-Based Deli Category

April 25, 2023

HappyVore reports it has risen to 2nd place in the French plant-based delicatessen department. As the leading contributor to the growth of the plant-based delicatessen category, the French SME has posted a +40.2% growth in value sales (January-March 2023 vs. October-December 2022). [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”…the re-purchase rate of our products is close to 85%.”[/perfectpullquote] HappyVore has now reached 9.3% of the value market share (January-March 2023), moving up to 2nd place, just behind the Nestlé brand Garden Gourmet. Since its creation, HappyVore has continued to innovate in favor of a change in the consumption habits of the French, with tasty products that replicate animal meat in flavor and texture, without compromising on taste. Additionally, according to the firm Agrosolutions, a …

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NOMO Launches Vegan Cookie Dough Bar, Reports Valuation of Over £9.5M

April 24, 2023

UK vegan chocolate brand NOMO announces the launch of the Cookie Dough Bar and reports impressive growth figures. NOMO is now worth £9,523,446, making it the UK’s top vegan and free-from chocolate brand. This figure is up 22.3% compared to a year ago. The company is double the size of its nearest competitor, and accounts for 16% of the UK vegan and free-from chocolate category, according to the founders. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”Cookie dough is a flavour that has been a huge success”[/perfectpullquote] NOMO’s new bar features cookie dough encased in vegan milk chocolate, and is the brand’s biggest bar yet, making it ideal for sharing. The launch is a response to the success of NOMO’s seasonal cookie dough products; the …

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Beyond Meat Stock at Highest Point in 52 Weeks on Frankfurt Stock Exchange

April 18, 2023

This Tuesday morning (18th April), Beyond Meat stock jumped 1.4 percent in Frankfurt trading, hitting a high for the day at €13.37, as Germany continues at the forefront of animal meat reduction. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“I want to emphasize the transition that’s occurring in Europe with the consumer,” Ethan Brown[/perfectpullquote] Beyond Meat stock reached its highest point in 52 weeks (since April 28, 2022), although the stock currently trades 68.77 percent below its 52-week high. Furthermore, the current Beyond Meat share price is 26.72 percent higher than the low point reached on December 29, 2022, as explained by finanzen. Diminished losses in Q4 Beyond Meat declared its Q4 2022 results at the end of February, reporting diminished losses and revenue that surpassed …

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&JOY: Vegan Desserts From Ukraine With No Gluten or Refined Sugar

April 3, 2023

&JOY is a Ukrainian company offering plant-based desserts made from nuts, seeds, and fruit. The brand’s entire range is free of gluten and refined sugar. A huge selection of over 100 products is available, such as cakes, cheesecakes, candy bars, cookies, and brownies. Examples include the strawberry yogurt cake, peanut nougat bar, cherry brownies, and passionfruit cheesecake. &JOY has partnerships with more than 120 coffee shops in Kyiv and the wider region, and the desserts are also available direct-to-consumer. The brand claims to have sold over 110,000kg of products in the past four years. The desserts can be ordered from &JOY’s website. They are shipped frozen and can be kept in the freezer for up to 180 days. Plant-based Ukrainian brands Many Ukrainian plant-based producers …

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The Better Meat Co. Forms First Scientific Advisory Board to Advance Use of Mycelium in Alt Protein

March 30, 2023

Fermented protein innovator The Better Meat Co. announces the formation of its first-ever Scientific Advisory Board (SAB.) The board, which compromises leading experts in filamentous fungi, cell biology, metabolism, genetics, and food safety, is helping to bolster Better Meat’s efforts to advance the use of mycelium in both hybridized and animal-free meat applications. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”We’re grateful to our Scientific Advisory Board members for utilizing their enormous expertise toward building a better meat industry”[/perfectpullquote] Better Meat’s first SAB meeting took place on March 13, and its members include: Louise Glass, PhD – Professor, University of California-Berkeley Jay Dunlap, PhD – Professor, Geisel School of Medicine at Dartmouth Heather Hallen-Adams, PhD – Professor, University of Nebraska-Lincoln Matt Sachs, PhD – Professor, …

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Yo-Egg Receives FABI Innovation Awards, Sunny-Side-Up Egg Named a “Top 8” Product

March 28, 2023March 28, 2023

Plant-based egg company Yo Egg announces it has received two of the National Restaurant Association’s 2023 Food and Beverage (FABI) Awards, for the “world’s first and only” plant-based poached egg and sunny-side-up eggs. In addition, the Yo Sunny Side Up egg was selected as one of eight “FABI Favorites”, and will be featured onstage at this year’s NRA show in Chicago. The FABI Awards recognizes the most forward-thinking and creative tastes that are helping to drive trends and expand menu offerings across the US. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”Yo Egg is a huge step forward for plant-based foods”[/perfectpullquote] According to Yo Egg, its products feature a runny yolk and real chicken egg taste, which the brand says other egg alternatives currently don’t …

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©Beyond Meat

Beyond Meat’s Beyond Steak Wins Prestigious 2023 FABI Innovation Award

March 27, 2023

Beyond Meat (NASDAQ: BYND) announces its Beyond Steak product has been awarded the coveted 2023 FABI Award (Food and Beverage Innovation) from the National Restaurant Association. The award recognizes plant-based Beyond Steak for “breaking new ground in creativity and taste”, and marks Beyond Meat’s seventh consecutive FABI award. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“We’re honored the National Restaurant Association has recognized Beyond Steak for its incredible taste, texture, versatility, and operational ease”[/perfectpullquote] According to the National Restaurant Association, the FABI Awards honor products that are revolutionizing food and beverage with innovative flavors, ingredients, creativity, and profit potential. Beyond Meat says its Beyond Steak seared tips provide an authentically juicy, meaty taste and flavor profile that is ideal for sandwiches, bowls, salads, stir fries, …

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©Nepra Foods

Nepra Foods Partners with Scoular to Develop and Market Specialty Plant-Based Ingredients

March 24, 2023March 23, 2023

Plant-based foods company Nepra Foods NPRFF (OTCMKTS) announces it has entered a manufacturing and distribution partnership with Scoular, a global agribusiness company. Together, the partners will collaborate on developing and marketing specialized plant-based ingredients. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”This partnership with Scoular represents a transformational step for Nepra”[/perfectpullquote] According to Nepra, the partnership will involve new product development that utilizes Nepra’s R&D team as well as specialty ingredients from both companies. The partnership will also provide for sales and marketing, with Scoular offering Nepra products through its global supply chain network, benefitting both companies. “This partnership with Scoular represents a transformational step for Nepra and its ability to continue pushing the boundaries of novel food development and broadening market access,” said Chadwick …

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The ISH Company and Dot Foods Enter Agreement to Bring Plant-Based Shrimp to US Food Service

March 8, 2023March 8, 2023

Plant-based seafood company The ISH Company announces it has entered a strategic, non-exclusive distribution agreement with Dot Foods, the largest food industry redistributor in North America. ISH states the agreement will enable it to expand distribution across the continental US and provide food greater service access to its seafood alternatives, such as Shrimpish. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”We’re on a mission to put plant-based seafood on plates worldwide”[/perfectpullquote] According to ISH, its products are currently available in select restaurants and campus dining halls, including at Harvard and Amherst. Through Dot Foods’ distribution ecosystem, ISH will increase availability of these products, providing food service companies nationwide with more healthy and sustainable seafood options. “Making strides” “At ISH, we’re on a mission to put …

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Upton’s Naturals is Best Selling Seitan Brand Across All Channels in USA

March 3, 2023March 3, 2023

Chicago-based Upton’s Naturals announces that it is now the top-selling seitan brand across all channels (SPINS 52 weeks ending 12/4/22) and the only nationally distributed, independently owned company in its category. As the pioneer in seitan-based meat alternatives for retail as well as food service, Upton’s Naturals reports it has seen a continued boost in sales, growing approximately 600% from 2013 to 2022. Sell-out product When Upton’s Naturals’ seitan-based beef was added to the menu at all 24 Buona locations in Chicago and Indiana for the Plant-Based Italian Beefless Sandwich in 2021, the option sold out in the first day of launch across multiple locations due to “extremely high demand”, using 1,800lbs of seitan in the process. Following this success, Buona decided to make the sandwich …

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